Glenn Jessome, President & CEO of Silver Tiger Metals (TSX-V:SLVR) (OTCQX:SLVTF), joins me for a candid and nuanced conversation on why the Company elected to take the recent financing instead of a larger debt package; while also still leveraging the debt term sheets in place for the combined surface and underground development of the El Tigre Silver–Gold Project in Sonora.

We start off reviewing the reality that negotiating a debt deal is much more complex, with more restrictions and debt covenants, than most people realize. The company has narrowed the 3 debt term providers down to just 2 now, and are they are still pursuing debt for the larger overall needs. Glenn unpacks the sequence of events and his thought process on why they opted to go with the financing instead, and outlines the decision making process for those investors that were surprised, confused, or that had submitted questions about this transaction.

On Feb. 18, 2026 Silver Tiger Metals announced it had closed its previously announced bought deal offering of common shares of the Company with a syndicate of underwriters. An aggregate of 49,146,400 Shares at a price of C$1.17 per Share for gross proceeds to the Company of C$57,501,288 were sold, which includes the exercise in full of the Underwriters’ over-allotment option. The Company intends to use the proceeds of the Offering to fund exploration and development expenditures at the Company’s El Tigre Project in Mexico, as well as for working capital and general corporate purposes.

We also dive into all the construction activities already underway on the ground at El Tigre, and what criteria are being decided on in the background by the board and management team to be able to announce the official construction decision in March.

If you have any follow up questions for Glenn regarding Silver Tiger Metals, then please email them into me at Shad@kereport.com. .

• In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time.

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