On January 30, 2026, Sierra Madre Gold and Silver Ltd. completed the second and final tranche of its approximately $57.5 million brokered private placement. The offering was conducted pursuant to an agency agreement dated January 14, 2026, entered into by Sierra Madre, Beacon Securities Limited as lead agent and sole bookrunner, Canaccord Genuity Corp., BMO Capital Markets, and VSA Capital Limited.
In connection with the second tranche, the company issued 13,709,576 subscription receipts for aggregate gross proceeds of approximately $17.8 million. Together with the closing of the first tranche, the company issued an aggregate of 44,231,300 subscription receipts for aggregate gross proceeds of approximately $57.5 million, which included a full exercise of the agents’ option.
Cassels acted for the agents.