ACCESS Newswire·Nov 10, 2026, 3:00 PM ET

Golden Minerals Announces Completion of Offering for C$5,000,000

Golden Minerals Company closed a non-brokered private placement issuing 17,857,143 units at C$0.28 per unit for gross proceeds of C$5,000,000.
Each unit consists of one common share & one-half of one common stock purchase warrant exercisable at C$0.45 per share within 24 months of the November 9, 2026 closing date.
Warrants may be accelerated to expire not less than 30 days after notice if the TSX volume-weighted average trading price exceeds C$0.90 for 10 consecutive trading days.
The company paid Haywood Securities Inc. finder's fees of C$289,800 (6.0% of proceeds) & 1,035,000 finder's warrants for sourcing non-U.S. purchasers.
Net proceeds will fund the Desierto project drilling program in Argentina, forecast expenditures through end-2027, liability reduction, & general working capital.
Units were sold under accredited investor exemptions in Canada & the U.S., subject to a four-month hold period in Canada & a six-month hold period in the U.S.
An insider holding 19.8% of shares previously subscribed for C$100,000 worth of units, resulting in an approximate 11% post-offering ownership stake.
The TSX accepted the company's reliance on a financial hardship exemption but placed Golden Minerals under a 120-day delisting review with a Continued Listing Committee meeting scheduled for March 3, 2027.
The company is considering an application to list its shares on the TSX Venture Exchange in response to the TSX delisting review.