AbraSilver Announces $43.4 Million “Bought Deal” Life Private Placement to Advance Diablillos Project

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TORONTO, Oct. 06, 2025 (GLOBE NEWSWIRE) -- AbraSilver Resource Corp. (TSX: ABRA) (“AbraSilver” or the “Company”) is pleased to announce that it has entered into an agreement with National Bank Financial Inc. and Beacon Securities Limited, acting as co-lead underwriters and co-bookrunners, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis 6,113,000 common shares of the Company (the “Shares”) at a price of C$7.10 per Share (the “Offering Price”), with a right to arrange for substituted purchasers, pursuant to the listed issuer financing exemption (“LIFE”), for aggregate gross proceeds of C$43,402,300 (the “Offering”). The Company has granted to the Underwriters an option, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date, to purchase up to an additional 929,253 Shares at the Offering Price, for additional gross proceeds of up to C$6,597,696.30 (the “Underwriters’ Option”).

In addition to and concurrent with the Offering, the Company may complete a private placement offering (the “Concurrent Private Placement”) of Shares of the Company at the Offering Price pursuant to a participation right (the “Participation Right”) held by Kinross Gold Corporation (“Kinross”) and Proener SAU (“Central Puerto”). Should the Underwriters’ Option be exercised, Kinross and Central Puerto will have the option to purchase additional Shares under the Concurrent Private Placement in accordance with the Participation Right. Any Shares sold pursuant to the Concurrent Private Placement will be subject to a hold period of four months plus one day from the Closing Date. If the Participation Right is exercised, the closing of the Concurrent Private Placement is expected to occur concurrently with or shortly following the closing of the Offering and is subject to the Company receiving all necessary approvals, including the conditional approval from the Toronto Stock Exchange.

John Miniotis, President and CEO, commented, “We are very pleased with the positive momentum AbraSilver continues to build and the support we have received from our investors. The funds raised will help accelerate the development of our high-quality Diablillos silver-gold project and further positions our Company as one of the leading silver-gold development companies in the Americas.”