Silver Tiger Metals is raising $40 million to develop its El Tigre silver-gold project in Mexico, with shares set to list on the TSXV.

Silver Tiger Metals Inc. (TSXV:SLVR) filed a final short form prospectus on November 21, 2025, for a bought deal public offering of common shares at $0.73 each, aiming to raise $40 million, with an over-allotment option potentially increasing proceeds to $46 million. The offering, led by BMO Capital Markets and Stifel Nicolaus Canada Inc., is expected to close around November 26, 2025, with shares conditionally approved for listing on the TSX Venture Exchange. The funds will support development of the El Tigre Historic Mine District in Sonora, Mexico, where the company has drilled over 150,000 meters since 2017. A 2024 pre-feasibility study projected strong economics, including an after-tax NPV of $222 million and a 40% IRR, based on silver at $26/oz and gold at $2,150/oz. The offering is not for distribution in the United States.