Silver Tiger Announces Filing of Final Short Form Prospectus FINAL SHORT FORM PROSPECTUS ACCESSIBLE ON SEDAR+
NEWS RELEASE
Silver Tiger Announces Filing of Final Short Form Prospectus
FINAL SHORT FORM PROSPECTUS ACCESSIBLE ON SEDAR+
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART,
IN OR INTO THE UNITED STATES
All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.
HALIFAX, Nova Scotia, April 4, 2025 -- Silver Tiger Metals Inc. (TSXV:SLVR) (“Silver Tiger” or the
“Company”) is pleased to announce that , further to its news release dated March 24, 2025, it has filed a
final short form prospectus dated April 4, 2025 (the “Final Prospectus”) with the securities commissions
in each of the provinces of Canada, except Quebec, in connection with its bought deal public offering of
common shares of the Company (the “Common Shares”) at $0.33 per Common Share for aggregate gross
proceeds of $15,000,150 (the “Offering ”). The Offering is being conducted through a syndicate of
underwriters including Stifel Canada and Desjardins Capital Markets, as co-lead underwriters and joint
bookrunners (together, the “Co-Lead Underwriters”), and BMO Capital Markets, SCP Resource Finance
LP, Ventum Financial Corp., and Canaccord Genuity Corp ( together with the Co-Lead Underwriters, the
“Underwriters”). The Company has granted the Underwriters an option (the “Over-Allotment Option”)
to purchase an additional 6,818,250 Common Shares on the same terms and exercisable at any time up to
30 days following 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, additional gross proceeds of
$2,250,022.50 will be raised pursuant to the Offering and the aggregate gross proceeds the Offering will be
$17,250,172.50.
The Offering is being conducted in each of the provinces of Canada, except Quebec, and outside of Canada
in accordance with applicable securities laws.
Closing of the Offering is expected to occur on or about April 14, 2025. 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 shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be
any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The
securities being offered have not be en, nor will they be, registered under the United States Securities Act
of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered
or sold in the United States absent registration or an applicable exemption f rom the registration
requirements of the U.S. Securities Act, and applicable state securities laws.
Final Short Form Prospectus is Accessible through SEDAR+:
Access to the Final Prospectus and any amendment to the documents is provided in accordance with
securities legislation relating to procedures for providing access to a prospectus. The Final Prospectus is
accessible on SEDAR+ at www.sedarplus.ca. An electronic or paper copy of the Final Prospectus and any
amendment may be obtained, without charge, from Stifel Canada by email at [email protected]
by providing the contact with an email address 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 the other documents the Company has filed on SEDAR+ before making an investment
decision.
About Silver Tiger and the El Tigre Historic Mine District
Silver Tiger Metals Inc. is a Canadian company whose management has more than 27 years’ experience
discovering, financing, and building large hydrothermal gold and silver mines in Mexico. Silver Tiger’s
100% owned 28,414 hectare Historic El Tigre Mining Di strict is located in Sonora, Mexico. Principled
environmental, social and governance practices are core priorities at Silver Tiger.
Silver Tiger commenced work on its El Tigre Project in 2017. El Tigre intends to build an open pit and
underground mine. Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with 119,000
meters completed since 2020. Silver Tiger has completed several MREs, a maiden MRE in 2017 and MRE
updates in 2023 and 2024. The PEA for the El Tigre open pit was released in November 2023.
The October 2024 PFS for the El Tigre open pit delivered robust economics. The PFS projects an After -
Tax NPV of US$222 million at a 5% discount rate, an After -Tax IRR of 40.0%, and a payback period of
2.0 years. This open pit operation is expected to have a 10- year mine life. The El Tigre project delivers a
life of mine undiscounted After -Tax Cash Flow of US$318 million, with initial capital costs of $86.8
million (including $9.3 million in contingency). Operating cash costs are projected at $973/oz AuEq and
$12/oz AgEq, with AISC at $1,214/oz AuEq and $14/oz AgEq. The economics of the Project have been
evaluated based on a discounted $26/oz silver price and gold price of $2,150/oz.
Silver Tiger is now drilling from underground drill pads, focusing on the high-grade silver Veins, Sulphide
and Shale Zones. A PEA for the permitted underground mineral resource is expected to be released in the
first half of 2025.
VRIFY Slide Deck and 3D Presentation – Silver Tiger’s El Tigre Project
VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of
remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and
with the VRIFY iOS and Android apps.
Access the Silver Tiger Metals Inc. Company Profile on VRIFY at: https://vrify.com
The 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’s website at: www.silvertigermetals.com.
Qualified Person
David R. Duncan, P. Geo., V.P. Exploration of the Company, is the Qualified Person for Silver Tiger as
defined under National Instrument 43- 101. Mr. Duncan has reviewed and approved the scientific and
technical information in this news release.
For further information, please contact:
Glenn Jessome
President and CEO
902 492 0298
CAUTIONARY STATEMENT:
Neither 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 News Release includes certain “forward-looking statements”. All statements other than statements of
historical fact included in this release, including, without limitation, the anticipated closing date of the
Offering, statements regarding potential mineralization, resources and reserves, the ability to convert
inferred resources to indicated resources, the ability to complete future drilling programs and infill
sampling, the ability to extend resource blocks, the similarity of mineralization at El Tigre to Delores, Santa
Elena and Chispas, exploration results, and future plans and objectives of Silver Tiger, are forward-looking
statements that involve various risks and uncertainties. Forward - looking statements are frequently
characterized by words such as “may”, “is expected to”, “anticipates”, “estimates”, “intends”, “plans”,
“projection”, “could”, “vision”, “goals”, “objective” and “outlook” and other similar words. Although
Silver Tiger believes 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 related to exploration, development, operations, commodity prices and global financial
volatility, risk and uncertainties of operating in a foreign jurisdiction as well as additional risks described
from time to time in the filings made by Silver Tiger with securities regulators.