Silver Tiger Announces C$40 Million Bought Deal Financing

Core Viewpoint - Silver Tiger Metals Inc. has announced a bought deal offering of 54,800,000 common shares at C$0.73 per share, aiming to raise approximately C$40 million for exploration and development of its El Tigre project and general corporate purposes [1][2]. Group 1: Offering Details - The offering is led by a syndicate of underwriters including BMO Capital Markets and Stifel Nicolaus Canada, with an option for the underwriters to purchase an additional 15% of the offering for over-allotments [1]. - The expected closing date for the offering is around November 26, 2025, pending necessary regulatory approvals [1]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to the exploration and development of the El Tigre project, as well as for general corporate purposes [2]. Group 3: Company Background - Silver Tiger Metals Inc. is a Canadian company with over 27 years of experience in discovering and building large hydrothermal gold and silver mines in Mexico [4]. - The company owns the 28,414 hectare Historic El Tigre Mining District located in Sonora, Mexico [4]. Group 4: Project Development - Silver Tiger has been working on the El Tigre Project since 2017, having drilled over 150,000 meters, with significant drilling completed since 2020 [5]. - The Preliminary Economic Assessment (PEA) for the El Tigre open pit was released in November 2023, showcasing robust economic metrics [6]. Group 5: Economic Metrics - The October 2024 Preliminary Feasibility Study (PFS) projects an After-Tax NPV of US$222 million at a 5% discount rate, an After-Tax IRR of 40.0%, and a payback period of 2.0 years [6]. - The project is expected to deliver a life of mine undiscounted After-Tax Cash Flow of US$318 million, with initial capital costs estimated at US$86.8 million [6].