$AUMN.TO

Golden Minerals Company Closes Equity Financing with Streamline Metals Capital

Golden Minerals Company (AUMN.TO) has closed a private placement equity financing with Streamline Metals Capital for gross proceeds of US$856,463, the company said on Saturday.Golden Minerals sold 3.7 million of its common shares to Streamline Metals at a price of $0.229 per share.Net proceeds will be used for working capital purposes; to advance joint venture processes in relation to Golden Minerals' Sand Canyon project in Nevada and Sarita/Desierto project in Argentina; to evaluate new project opportunities, including in Bolivia; and for other general working capital and corporate purposes.Streamline Metals now holds about 19.9% of Golden Minerals' issued and outstanding common shares.Streamline is backed by Nolan Watson, a mining executive and investor who founded Sandstorm Gold and served as its president and chief executive officer. Sandstorm was acquired by Royal Gold in 2025.

Golden Minerals Q1 Net loss US$0.6 Million, or $0.04 Per Share, Vs Net Loss of $1.2 Million, or $0.08 Per Share a Year Earlier

Golden Minerals Launches Equity Financing While Subsidiaries Sell Out of Minera William

Two wholly-owned subsidiaries of Golden Minerals (AUMN.TO) entered into a definitive agreement to sell their shares in Minera William for US$1.2 million to Streamline Metals Capital and Horizon Silver Resources, the company said overnight Thursday.Minera William principally held tax losses and a royalty interest in the San Diego project in Mexico, Golden Minerals noted.Separately, Golden Minerals entered into a private placement equity financing arrangement for $856,463 in gross proceeds.Under the subscription agreement, Streamline agreed to purchase 3,740,000 common shares of Golden Minerals, priced at $0.229 per share. Upon completion around May 20, Streamline will hold approximately 19.9% of issued and outstanding shares of Golden Minerals.Golden Minerals plans to use the proceeds from the sale and financing to advance the Sand Canyon project in Nevada and Sarita/Desierto project in Argentina.The company will also use the funds to evaluate new project opportunities in Bolivia, and for general working capital and corporate purposes.Shares in AUMN were slightly lower in Canada yesterday.