Silver Tiger Secures $28.8M Investment for El Tigre Project's Promising PFS
Silver Tiger Metals Inc. (TSXV: SLVR, OTC: SLVTF) has secured a significant investment through a bought deal public offering, with closing expected on or about October 7, 2025. The offering, conditional upon the TSX Venture Exchange's approval, could raise up to $28,773,000 if the over-allotment option is exercised.
The final short form prospectus, accessible on SEDAR+, outlines the details of the offering. Silver Tiger is offering common shares at $0.72 each, raising a base of $25,020,000. This could increase to $28,773,000 if the over-allotment option is utilized, bringing an additional $3,753,000.
The company's El Tigre open pit project in Sonora, Mexico, has shown promising results in a pre-feasibility study (PFS). The PFS estimates an after-tax net present value (NPV) of US$222 million at a 5% discount rate, an after-tax internal rate of return (IRR) of 40.0%, and a payback period of 2.0 years. The life of mine undiscounted after-tax cash flow is projected at US$318 million, with initial capital costs of $86.8 million. Operating cash costs are forecast at $973/oz AuEq and $12/oz AgEq, with all-in sustaining costs (AISC) at $1,214/oz AuEq and $14/oz AgEq.
Silver Tiger has drilled over 150,000 meters at the El Tigre Project, with approximately 119,000 meters completed since 2020. The company owns a 100% interest in the 28,414-hectare Historic El Tigre Mining District.
This financing, facilitated by Stifel without the issuance of additional warrants, will support Silver Tiger's continued exploration and development at the El Tigre Project. The PFS results indicate a robust project with potential for significant returns, positioning Silver Tiger for growth.
