Golden Minerals Initiates C$5 Million Private Placement

Golden Minerals Company has announced a non-brokered private placement to raise up to C$5 million through the issuance of 17,857,142 Units at C$0.28 each. Each Unit includes one common share and half a common stock purchase warrant. The warrants allow purchasing additional shares at C$0.45 within two years, with potential expiry acceleration if the stock price exceeds C$0.90 for 10 days.

This financing aims to support exploration projects in Argentina, reduce liabilities, and cover corporate expenses through 2027. The Offering is set to close by November 9, 2026, pending TSX approval. Following financial strains and asset sales in Mexico and Argentina, this move is crucial for Golden Minerals' liquidity.

The Offering circumvents typical shareholder approval through a "financial hardship" exemption, as it will significantly increase the share count, raising concerns about potential delisting review by TSX.