FINAL SUMMARY PROSPECTUS AVAILABLE ON SEDAR+
NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR IN THE UNITED STATES.
All monetary amounts are expressed in Canadian dollars unless otherwise noted.
HALIFAX, Nova Scotia, November 21, 2025 (GLOBE NEWSWIRE) — Silver Tiger Metals Inc. (TSXV:SLVR) (“Silver Tiger” or “Company“) is pleased to announce that, in addition to its press release dated November 12, 2025, it has filed a definitive short form prospectus dated November 21, 2025 (“Final prospectus“) with the securities commissions in each of the provinces of Canada, except Quebec, in connection with its acquisition of a public offering of the Company's common shares (“Ordinary shares“) at a price of US$0.73 per Common Share for aggregate gross proceeds of US$40,004,000 (“OfferThe offering is being conducted through a syndicate of underwriters, including BMO Capital Markets (“BMO“) and Stifel Nicolaus Canada Inc. as joint bookrunners, along with Canaccord Genuity Corp., Desjardins Securities Inc. and Ventum Financial Corp. (collectively referred to as “UnderwritersThe Company has granted the Underwriters an option (“Redistribution option“) to purchase an additional 8,220,000 Common Shares (“Redistribution of shares“) on the same terms and may be exercised at any time within 30 days after the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any. If the Over-allotment Option is exercised in full, the Offering will generate additional gross proceeds of $6,000,600, bringing the aggregate gross proceeds of the Offering to $46,004,600.
The offering is being made in each of the provinces of Canada except Quebec and outside Canada in accordance with applicable securities laws.
The closing of the Offering is expected to occur on or about November 26, 2025 (“Closing date“. The TSX Venture Exchange has conditionally approved the listing of the Common Shares to be issued pursuant to the Offering (including any exercise of the Over-Allotment Option), subject to customary conditions.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor is there any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (“US Securities Law” or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
The final summary prospectus is available on SEDAR+:
Access to the final prospectus and any amendments to documents will be provided in accordance with securities laws regarding procedures for making prospectus available. The final prospectus is available on SEDAR+ at: www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any amendments may be obtained free of charge from Stifel Canada by email at: [email protected] by providing the contact with an email or address, as applicable. The final prospectus contains important detailed information about the Company and the Offering. Prospective investors should read the Final Prospectus and other documents the Company has filed on SEDAR+ before making an investment decision.
About the Silver Tiger and the El Tigre Mining Historic District
Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years of experience in discovering, financing and constructing large hydrothermal gold and silver mines in Mexico. The 28,414-hectare historic El Tigre mining district, 100% owned by Silver Tiger, is located in Sonora, Mexico. Principled environmental, social and governance practices are Silver Tiger's core priorities.
Silver Tiger began work on the El Tigre project in 2017. Silver Tiger has drilled more than 150,000 meters at the El Tigre project, with 119,000 meters drilled since 2020. Silver Tiger has completed several MREs, the first MRE in 2017 and MRE updates in 2023 and 2024. The PEA for the El Tigre open pit mine was published in November 2023.
The PFS of the El Tigre open pit mine in October 2024 delivered good economic results. The PFS projects an after-tax NPV of $222 million at a discount rate of 5%, an after-tax internal rate of return of 40.0%, and a payback period of 2.0 years. This open pit mine is expected to have a lifespan of 10 years. The El Tigre project provides me with undiscounted after-tax cash flow of US$318 million on an initial capital cost of US$86.8 million (including US$9.3 million in contingencies). Operating cash costs are forecast at $973 per ounce AuEq and $12 per ounce AgEq, AISC at $1,214 per ounce AuEq and $14 per ounce AgEq. The economics of the Project were estimated based on a discounted silver price of US$26 per ounce and a gold price of US$2,150 per ounce.
Slide deck and 3D presentation VRIFY – El Tigre project by Silver Tiger
VRIFY is a platform that companies use to communicate with investors through 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed through the website and through the VRIFY apps for iOS and Android.
Access Silver Tiger Metals Inc.'s company profile. on VRIFY at: https://vrify.com
VRIFY slide deck and 3D presentation for Silver Tiger Metals Inc. can be viewed at: https://vrify.com/explore/decks/492 and on the company website: www.silvertigermetals.com.
Qualified Person
David R. Duncan, P. Geo., the company's vice president of exploration, is a qualified person for Silver Tiger as defined in National Instrument 43-101. Mr. Duncan has reviewed and approved the scientific and technical information contained in this press release.
For more information contact:
Glenn Jessome
President and CEO
902 492 0298
[email protected]
WARNING STATEMENT:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain “forward-looking statements.” All statements other than statements of historical fact included in this release, including, without limitation, the expected closing date of the Offering, statements regarding potential mineralization, resources and reserves, the ability to convert inferred resources into indicated resources, the ability to complete future drilling programs and fill sampling, the ability to expand resource blocks, the similarity of mineralization at El Tigre to Delores, Santa Elena and Chispas, exploration results, and Silver Tiger's future plans and objectives, are forward-looking statements that involve various risks. and uncertainties. Forward-looking statements are often characterized by words such as “may,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “outlook,” “could,” “vision,” “goals,” “target,” and “outlook” and other similar words. Although Silver Tiger believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger's expectations include risks and uncertainties associated with exploration, development, operations, commodity prices and global financial volatility, the risk and uncertainty of operating in a foreign jurisdiction, and additional risks described from time to time in Silver Tiger's filings with securities regulators.
