Aya Gold & Silver Inc. filed a prospectus supplement dated June 12, 2025, in connection with a public offering of 9,363,300 common shares at a price of $13.35 per share, for total gross proceeds of $143,750,000. The shares are being offered through an underwriting syndicate led by Desjardins Securities Inc. as sole bookrunner, with National Bank Financial Inc. and BMO Nesbitt Burns Inc. acting as co-lead underwriters. Other syndicate members include CIBC World Markets Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., Scotia Capital Inc., SCP Resource Finance LP, Beacon Securities Limited, and INFOR Financial Inc.

The offering was priced through arm’s length negotiation between Aya and the underwriters based on the prevailing market price. The underwriters, acting as principals, conditionally offer the shares subject to prior sale and fulfillment of customary closing conditions, including approval of certain legal matters. Norton Rose Fulbright Canada LLP is acting as legal counsel to Aya, while McCarthy Tétrault LLP is representing the underwriters.

Net proceeds from the offering will be used to support the company’s exploration and development activities and for general corporate purposes. As of the filing date, the offering’s CAD 125 million value was equivalent to approximately USD 90.8 million.