GR Silver Increases Bought Deal Offering to $17.5 Million

GR Silver Mining Ltd. has announced a significant increase in its bought deal offering, now totaling approximately $17.5 million. The Vancouver-based company, which focuses on mineral exploration in Mexico, entered into an amended agreement with Research Capital Corporation as the sole bookrunner and co-lead underwriter, alongside Red Cloud Securities Inc..

Under the revised terms, the underwriters will purchase 58,334,000 units of the company at a price of $0.30 per unit, yielding gross proceeds of $17,500,200. The offering consists of two components: 33,334,000 units for gross proceeds of $10,000,200 issued under the LIFE Exemption, and 25,000,000 units for gross proceeds of $7,500,000 through a private placement.

Each unit comprises one common share and half a warrant, with the whole warrant allowing the purchase of an additional common share at an exercise price of $0.42 for a period of 36 months following the completion of the offerings.

Utilization of Proceeds and Regulatory Details

The net proceeds from this offering will primarily fund the advancement of GR Silver Mining’s Plomosas Project in Mexico, alongside general working capital and corporate purposes. Additionally, the underwriters have an option to increase the size of both offerings significantly, potentially raising total gross proceeds to just over $20 million if fully exercised.

The LIFE Offering is structured to comply with the ‘listed issuer financing exemption’ under Canadian securities laws and will be available in all provinces of Canada, with the exception of Quebec, as well as in other qualifying jurisdictions, including the United States. Notably, the units under the LIFE Offering will be “free-trading” immediately under applicable Canadian laws.

The private placement is designated for accredited investors in Canada and may also extend to jurisdictions where the offering is legally permissible. Units from this private placement will be subject to a statutory hold period of four months and one day post-closing.

Closing of the offerings is anticipated around the week of December 15, 2025, contingent on receiving necessary regulatory approvals, including from the TSX Venture Exchange. The underwriters will receive a cash commission of 6% of the total gross proceeds along with broker warrants equating to 6% of the units sold.

Company Overview and Forward-Looking Statements

GR Silver Mining Ltd. is a junior mineral exploration company based in Canada, focusing on silver-gold resource expansion. The company holds 100% ownership of the Plomosas Project, which includes the former Plomosas underground mine and high-grade silver zones at the San Marcial Area. Recent discoveries within the 78 km² exploration concessions enhance the company’s position for resource expansion.

This news release contains forward-looking statements regarding the company’s intentions, including the timing and completion of the offerings and the anticipated use of proceeds. These statements are based on various assumptions that may prove incorrect, and actual results may differ significantly due to various risks and uncertainties.

For further inquiries, GR Silver Mining can be contacted at +1 236-270-2057 or via email at [email protected].

This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or any jurisdiction where such offer would be unlawful. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933 and may not be sold within the United States without applicable exemptions.