Argenta Silver upsizes of bought deal placement

Argenta Silver upsizes of bought deal placement

Vancouver, BC — July 25, 2025 — Argenta Silver Corp. (TSXV: AGAG) (OTCQB: AGAGF) (FSE: T1K) has announced an upsized "bought deal" private placement, increasing the gross proceeds from C$10,000,000 to C$13,000,000 [1]. The upsized offering is led by Red Cloud Securities Inc. (Red Cloud) as the sole underwriter and bookrunner.

The private placement will issue 32,500,000 units of the company, each unit consisting of one common share and one-half of one transferable common share purchase warrant. Each warrant allows the holder to purchase one common share at a price of C$0.60, exercisable within 36 months of the closing date [1].

Red Cloud has also been granted an option to purchase an additional 5,000,000 units at the same price, potentially raising an additional C$2,000,000 [1]. The funds from the offering will be used for the exploration and advancement of Argenta's 100% owned El Quevar Project in Salta Province, Argentina, as well as for working capital and general corporate purposes [1].

The offering is subject to regulatory approvals, including the TSX Venture Exchange (TSX-V), and is scheduled to close on or about August 12, 2025 [1]. Units will be offered in various provinces in Canada and internationally, with a four-month hold period in Canada [1].

The El Quevar Project, located in Salta, Argentina, spans 57,000 hectares and has a foundational mineral resource estimate of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag, with an inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag [1].

Argenta Silver Corp. is a silver exploration company focused on advancing projects that support the global energy transition. The company is committed to responsible mining practices and is well-positioned to meet the rising demand for silver, a critical metal in renewable energy and emerging technologies [1].

References:
[1] https://www.newswire.ca/news-releases/argenta-silver-announces-upsize-of-bought-deal-private-placement-for-gross-proceeds-of-c-13-million-833206125.html