Kuya Silver Corporation has increased the size of its brokered private placement from gross proceeds of up to CA$15 million to up to CA$25.5 million, reflecting robust investor interest. The upsized offering is co-led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc. and will consist of the sale of up to 25.5 million units at CA$1.00 per unit, representing a 70% increase in capital raised compared to the originally announced placement.

Each Unit comprises one common share and one-half of one common share purchase warrant. Holders of two half-warrants will be entitled to acquire one additional common share at CA$1.30 per share for 36 months from issuance. The allocation under the Canadian Listed Issuer Financing Exemption (the LIFE Exemption) accounts for up to CA$15.5 million, while CA$10 million will be sold under OSC Rule 72-503 for distributions outside Canada, with no statutory hold periods attached in Canada.

Net proceeds will be earmarked for enhancing processing capabilities at the Bethania silver mine in Peru, including potential acquisitions of processing operations or equipment both within and outside the immediate project area. Additional funds will support exploration at the Silver Kings project in Ontario, general corporate and working capital requirements, and discretionary growth initiatives. The detailed breakdown is available in the amended offering document filed on SEDAR+.

The offering is expected to close in multiple tranches, with the first tranche on or about January 14, 2026 and a final close no later than February 20, 2026. Closing is subject to customary conditions, including approval of the Canadian Securities Exchange. Securities will not be registered under the United States Securities Act and may not be offered or sold to U.S. persons without registration or exemption.