Endeavour Silver (EXK) Registration Filing summary

Company overview and business model

• Engaged in evaluation, acquisition, exploration, development, and exploitation of precious metal properties in Mexico, Chile, Peru, and the USA, with three producing silver-gold mines and several advanced and early-stage projects.

• Recently acquired Kolpa, a silver-focused polymetallic mining company in Peru, for approximately $145 million, expanding its operational footprint in South America.

• Advancing the Terronera project in Mexico, expected to reach commercial production in Q3 2025, and developing other properties such as Pitarrilla and Parral.

Financial performance and metrics

• Completed a bought deal equity offering in April 2025, raising $45 million, with an additional $5 million from over-allotment exercised.

• As of the date of the filing, 289,540,220 common shares are issued and outstanding.

• No dividends have been declared or paid since incorporation; earnings are retained for growth and development.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including construction and development of the Terronera mine, advancement of the Pitarrilla property, potential acquisitions, and continued exploration.