Silver Tiger Awards Engineering Procurement and Construction Management Contract and Provides Construction Update

Core Viewpoint - Silver Tiger Metals Inc. is advancing its El Tigre Stockwork Zone Project in Sonora, Mexico, with significant construction updates and strategic plans for exploration and development [1][2]. Construction and Project Management - The company has signed an Engineering Procurement and Construction Management Contract with Kappes, Cassidy & Associates and Kappes, Cassiday del Norte S de RL de CV to facilitate the construction of the mine and processing plant [2]. - The construction decision for El Tigre has been approved by the Board of Directors, with commissioning and first pour targeted for December 2027 [2]. Progress and Engineering Updates - Basic engineering for the mine is 90% complete, and engineering for the heap leach and waste dump has been finalized by WSP [3]. - Land clearing has begun, and the design for the personnel camp and construction offices is in the bidding process [3]. - Engineering for road improvements has been completed, with contracts currently in the bidding phase [3]. Financial Position and Funding - Silver Tiger holds over US$86 million (approximately C$120 million) in cash, bolstering its financial position for project advancement [7]. - The company is finalizing a debt financing package to support both surface and underground development at El Tigre [7]. Exploration and Future Plans - The company is set to transition to exploration drilling targeting high-potential vein systems north of the main El Tigre area, with drilling expected to commence within the next 30 days [5][6]. - The focus remains on delivering the heap leach mine on schedule while advancing the high-grade underground Preliminary Economic Assessment toward a future construction decision [3]. Recognition and Market Performance - Silver Tiger has been recognized as one of the top performers on the TSX Venture Exchange for 2025, achieving a 304% share price appreciation and a 463% increase in market capitalization [9]. - The company has also been named to the 2026 OTCQX Best 50, highlighting its strong performance in the previous year [10].