Silver Tiger Announces Filing of Final Short Form Prospectus

Core Viewpoint - Silver Tiger Metals Inc. has filed a final short form prospectus for a bought deal public offering of common shares, aiming to raise gross proceeds of CAD 40 million, with the potential to increase to CAD 46 million if the over-allotment option is fully exercised [1][2]. Offering Details - The offering price is set at CAD 0.73 per common share, with aggregate gross proceeds of CAD 40,004,000 expected [1]. - The underwriters include BMO Capital Markets and Stifel Nicolaus Canada Inc., among others, and they have an option to purchase an additional 8,220,000 shares [1]. - The closing date for the offering is anticipated to be around November 26, 2025, with conditional approval from the TSX Venture Exchange for the listing of the shares [2]. 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 [5]. - The company owns the 28,414 hectare Historic El Tigre Mining District located in Sonora, Mexico [5]. Project Development - Silver Tiger has been actively working on the El Tigre Project since 2017, completing over 150,000 meters of drilling, with significant updates to mineral resource estimates (MREs) in 2023 and 2024 [6]. - The Preliminary Economic Assessment (PEA) for the El Tigre open pit was released in November 2023, showcasing robust economic metrics [6]. Economic Metrics - The October 2024 Preliminary Feasibility Study (PFS) indicates an After Tax Net Present Value (NPV) of USD 222 million at a 5% discount rate, an After-Tax Internal Rate of Return (IRR) of 40%, and a payback period of 2 years [7]. - The project is expected to generate a life of mine undiscounted After-Tax Cash Flow of USD 318 million, with initial capital costs estimated at USD 86.8 million [7]. - Operating cash costs are projected at USD 973 per ounce of gold equivalent and USD 12 per ounce of silver equivalent, with all-in sustaining costs (AISC) at USD 1,214 per ounce of gold equivalent and USD 14 per ounce of silver equivalent [7].