Silverco Announces Upsizing of "Bought Deal" Offering to $62.5 Million

Core Viewpoint - Silverco Mining Ltd. has increased its "bought deal" offering from $40 million to $62.5 million, indicating strong investor interest and confidence in the company's future projects [1][2]. Group 1: Offering Details - The offering will consist of 4,000,000 common shares at an issue price of $12.50 per share, generating gross proceeds of $50 million [2]. - Additionally, the offering will include 1,000,000 units, each consisting of one common share and one-quarter of a warrant, for total gross proceeds of $12.5 million [3][4]. - The total gross proceeds from the offering will amount to $62.5 million, which will be utilized for exploration and development activities [7]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards exploration, evaluation, and restart work on the Cusi Project, as well as general administrative expenses and working capital [7]. Group 3: Regulatory and Compliance Information - The offered securities will be available in Canadian provinces and territories (excluding Québec) under specific exemptions from prospectus requirements [5]. - The offering is expected to close on or about February 19, 2026, subject to necessary approvals from the TSX Venture Exchange and other regulatory authorities [10].