On January 28, 2026, Andean Precious Metals Corp. completed a bought deal secondary offering of 9,102,250 common shares of the Company by PMB Partners LP at a price of $10.50 per share for total gross proceeds of $95,573,625, including the full exercise of the Underwriters’ option. The offering was conducted by National Bank Financial Inc., as lead underwriter and sole bookrunner, together with a syndicate of underwriters.

Andean is a Canada-based precious metals producer focused on expanding into top-tier jurisdictions across the Americas, with operations centred on silver and gold. It owns and operates the San Bartolomé processing facility in Bolivia and the Soledad Mountain mine in California.

Miller Thomson advised the company with a team comprised of Jeffrey Gebert, Sam Kelley and Raquel Moses (Capital Markets/Securities), Barry Horne (Tax), along with the assistance of Kobi Rosoph (Articling Student).