Aftermath Silver Warrant Exercises & Option/RSU Grants
FOR IMMEDIATE RELEASE June 26, 2025
(AAG2025 – NR #11)
Aftermath Silver Warrant Exercises & Option/RSU Grants
Vancouver, BC, Jun 26, 2025. Aftermath Silver Ltd. (the "Company" or "Aftermath Silver")
(TSX-V: AAG) (OTCQX: AAGFF) is pleased to announce that 13,212,301 of its outstanding
warrants to purchase common shares of the Company have been exercised since March 18, 2025
for cash proceeds to the Company of C$ 4,572,888. The Company's 35c warrants have now
expired. A total of 132,950 warrants expired unexercised and were cancelled.
The Company intends to use the net proceeds to complete geological, metallurgical and
engineering studies at the Berenguela Silver-Copper-Manganese project in southern Peru and for
general working capital purposes.
Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him,
exercised 2,000,000 warrants at 35 cents for total consideration of $700,000. Following the
exercise, Mr. Sprott beneficially owns and controls 73,967,630 shares a nd 18,253,968 Aftermath
warrants, representing approximately 24.3 per cent of the outstanding shares on a non-diluted basis
and 28.6 per cent on a partially diluted basis assuming the exercise of such warrants.
Stock Option & RSU Grants
The Company has agreed to grant a total of 25 0,000 incentive options and 250,000 RSUs to 2
technical consultants. These options are exercisable into common shares of the Company at an
exercise price of CAD$0.68 per share for a period of 5 years from the date of the grant.
The Company has entered into an advisory agreement effective May 1, 2025 pursuant to which
the advisors will provide the Company with advice on its European m arketing strategy and
introduce the Company to media representatives (“Advisory Agreement”). The Advisory
Agreement has a term of six months, under which the Company agreed to issue to the advisors
100,000 RSUs and 50,000 options, which options have an exercise price of CAD$0.68 for a period
of 5 years from the date of grant.
The Company also entered into an agreement for investor relations and communication services
with Feneck Consulting Group, LLC (the “Feneck”) effective June 1, 2025 (the “Feneck
Agreement”). The Feneck Agreement has a term of twelve months, under which the Company will
pay to Feneck an aggregate of US$ 84,000 at a rate of US$ 7,000 per month. Feneck will provide
ongoing communications and promotional support for the Company, including interviews, and
assist the Company with developing a financial strategy, engagement reporting and other related
investor relations services. Fenec k is an Arizona -based company owned and operated by John
Feneck, who is arm’s length to the Company and holds 336,863 common shares of the Company.
About Aftermath Silver Ltd.
Aftermath Silver is a leading Canadian junior exploration company focused on the development of critical
metals projects. Aftermath is a preeminent silver development company with significant leverage to copper
and high purity battery grade manganese. The Company’s flagship asset is the Berenguela silver, copper
and manganese deposit located in Southern Peru.
ON BEHALF OF THE BOARD OF DIRECTORS
“Ralph Rushton”
Ralph Rushton
CEO and Director
604-484-7855
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
Certain of the statements and information in this news release constitute “forward -looking information”
within the meaning of applicable Canadian provincial securities laws. Any statements or information that
express or involve discussions with respect to interpretation of exploration programs and drill results,
predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or
performance (often, but not always, using words or phrases such as “expects”, “is expected”,
“anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”,
“targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof
or stating that certain actions, events or results “may”, “ could”, “would”, “might” or “will” be taken,
occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of
historical fact and may be forward-looking statements or information.
These statements involve known and unknown risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in such forward‐looking statements. Although
the Company believes the expectations express ed in such forward‐looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward‐looking statements. Factors that could cause
actual results to differ materially from those in forward‐looking statements include, but are not limited to,
changes in commodities prices; changes in expected mineral production performance; unexpected
increases in capital costs; exploitation and exploration results; continued availability of capital and
financing; differing results and recommendations in the Fe asibility Study; and general economic, market
or business conditions. In addition, forward‐looking statements are subject to various risks, including but
not limited to operational risk; political risk; currency risk; capital cost inflation risk; that data is
incomplete or inaccurate. The reader is referred to the Company’s filings with the Canadian securities
regulators for disclosure regarding these and other risk factors, accessible through Aftermath Silver’s
profile at www.sedarplus.com.
There is no certainty that any forward‐looking statement will come to pass, and investors should not place
undue reliance upon forward‐looking statements. The Company does not undertake to provide updates to
any of the forward‐looking statements in this release, except as required by law.