Golden Minerals Announces Closing of Equity Financing
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G O L D E N M I N E R A L S C O M P A N Y
1312 17th St– Unit 2136 – Denver, Colorado 80202 – Telephone (303) 839-5060
Golden Minerals Announces Closing of Equity Financing
Denver, CO - / ACCESS NEWS WIRE/ - May 23, 2026 – Golden Minerals Company ("Golden Minerals," "Golden"
or the "Company") (OTCQB: AUMN and TSX: AUMN) is pleased to announce the closing of its previously announced
private placement equity financing (the "Offering") with Streamline Metals Capital Ltd. ("Streamline") for gross
proceeds of US$856,463 from the sale of 3,740,000 common shares of the Company at a price of US$0.229 per share.
The net proceeds of the Offering are expected to be used by the Company (i) for working capital purposes; (ii) to
advance joint venture processes in relation to the Company's Sand Canyon project in Nevada and Sarita/Desierto
project in Salta, Argentina; (iii) to evaluate new project opportunities, including opportunities in Bolivia; and (iv) for
other general working capital and corporate purposes.
In connection with the closing of the Offering, Streamline now holds approximately 19.9% of issued and outstanding
common shares of the Company.
Streamline is a privately held firm based in Vancouver, British Columbia, focused on investments in mining and mineral
exploration opportunities. Streamline is backed by Nolan Watson, an experienced mining executive and investor who
founded Sandstorm Gold Ltd. and served as its President and CEO. Sandstorm was acquired by Royal Gold Inc. in 2025.
Forward-Looking Statements
This press release contains forward -looking statements within the meaning of the Securities Act of 1933, as
amended, and the Securities Exchange Act of 1934, as amended, and forward-looking information with the meaning
of applicable Canadian securities legislation (collectively, "forward-looking statements"), including statements
regarding the Company's use of proceeds of the Offering; the Company's plans to advance joint venture processes
relating to the Sand Canyon project in Nevada and the Sarita Desierto project in Salta, Argentina; and the evaluation
of new project opportunities, including in Bolivia. These statements are subject to risks and uncertainties, including
increases in costs and declines in general economic conditions; changes in political conditions, in tax, royalty,
environmental and other laws in the United States, Mexico, Argentina and other jurisdictions in which the Company
operates or may operate; risks associated with joint ventures and international operations; and fluctuations in silver
and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to
Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals and under
the Company's profile on SEDAR+ at www.sedarplus.ca, including the Company's Annual Report on Form 10 -K for
the year ended December 31, 2025.
For additional information, please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
(303) 839-5060
SOURCE: Golden Minerals Company