Santacruz Silver Announces Issuance of Stock Options

Santacruz Silver (NASDAQ: SCZM) granted 45,000 stock options to Adelaide Capital as payment for investor relations and capital markets services.

Rhea-AI Summary

Santacruz Silver (NASDAQ: SCZM) granted 45,000 stock options to Adelaide Capital as payment for investor relations and capital markets services.

The Options have an exercise price of C$17.18, expire five years from issuance, and vest in four equal tranches every three months over 12 months. Adelaide has been engaged since October 24, 2024.

Argus Feb 27 session

+2.37% close to close Open Argus

Details

News Market Reaction – SCZM

On Feb 27, the day this news came out, SCZM closed 2.37% above the previous close.

Data tracked by StockTitan Argus for the Feb 27 session.

Key Figures

Stock options granted: 45,000 options Exercise price: C$17.18 Option term: 5 years +3 more

Stock options granted

45,000 options

Issued to Adelaide Capital under the omnibus incentive plan

Exercise price

C$17.18

Exercise price of the options granted to Adelaide

Option term

5 years

Options expire five years from the date of issuance

Vesting schedule

4 equal tranches

Vests in four equal proportions every three months over 12 months

Vesting period

12 months

Full vesting over 12 months from the grant date

Engagement start date

October 24, 2024

Company engagement with Adelaide began on this date

Historical Context

2 past events · Latest: Feb 18

2 events

1. Feb 18

   TSX Venture 50 rank

   24h Move

   +7.3%

   Recognition as #1 on 2026 TSX Venture 50 after strong 2025 performance.

2. Jan 26

   Production update

   24h Move

   -0.7%

   Q4 2025 production of 3.74M silver equivalent ounces with mixed YoY trends.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

stock options, omnibus incentive plan, non-deal roadshows

3 terms

stock options financial

"the Company issued 45,000 stock options (the "Options") to Adelaide"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

omnibus incentive plan financial

"under the Company's omnibus incentive plan (the "Plan")"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

non-deal roadshows financial

"includes assisting with non-deal roadshows, virtual campaigns, social media"

Non-deal roadshows are organized in-person or virtual meetings where a company's management meets current or potential investors without offering securities for sale. They matter because these meetings let investors evaluate leadership, strategy and outlook firsthand—like an interview or audition—and can change investor confidence, broaden the shareholder base, and indirectly affect a company’s stock price even though no transaction occurs.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Vancouver, British Columbia--(Newsfile Corp. - February 27, 2026) - Santacruz Silver Mining Ltd. (NASDAQ: SCZM) (TSXV: SCZ) ("Santacruz" or the "Company") announces that it has granted stock options to Adelaide Capital ("Adelaide"), a leading investor relations and capital markets advisory firm.

Adelaide will continue to work closely with Santacruz to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows, virtual campaigns, social media, conferences, and assisting with investor communication. In exchange for Adelaide's services, and pursuant to the agreement, the Company issued 45,000 stock options (the "Options") to Adelaide under the Company's omnibus incentive plan (the "Plan"). Subject to the policies of the TSX Venture Exchange (the "Exchange") and the terms and conditions of the Plan, the Options will have an exercise price of C$17.18 and shall expire five years from the date of issuance and shall vest in four equal proportions every three months after the grant date for a period of 12 months. The Company has been engaged with Adelaide since October 24, 2024. Please refer to the news release dated October 24, 2024, for more information.

About Santacruz Silver Mining Ltd.
Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties across Latin America. In Bolivia, the Company operates the Bolivar, Porco, and Caballo Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita mines. The Reserva mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia. Additionally, the Company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapán mine.

For further information, please contact:

Arturo Préstamo
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: +52 81 83 785707

Andrés Bedregal
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: +591 22444849

Eduardo Torrecillas
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: +591 22444849

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Nasdaq Capital Market LLC accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285586

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Santacruz Silver (SCZM) issue 45,000 stock options to Adelaide Capital on February 27, 2026?

To compensate Adelaide for investor relations and capital markets advisory services. According to the company, Adelaide will provide roadshows, virtual campaigns, social media, conferences, and investor communication support as part of the agreement.

What are the exercise price and expiry terms for the SCZM options granted to Adelaide Capital?

The Options carry an exercise price of C$17.18 and expire five years from issuance. According to the company, they will vest in four equal proportions over 12 months, with each tranche vesting every three months.

How does the vesting schedule for the Santacruz (SCZM) options awarded to Adelaide Capital work?

The Options vest in four equal tranches every three months over a 12-month period. According to the company, each quarter a one-quarter portion of the 45,000 options becomes exercisable after the grant date.

When did Santacruz first engage Adelaide Capital and does the February 27, 2026 grant relate to that engagement?

Santacruz has been engaged with Adelaide since October 24, 2024, and the new option grant continues that relationship. According to the company, the grant compensates Adelaide for ongoing capital markets and investor relations services.

How might the 45,000 options granted to Adelaide Capital affect SCZM shareholders?

The grant represents a compensation issuance under the omnibus plan rather than cash payment. According to the company, 45,000 options were issued with standard exchange and plan conditions; material dilution impact was not quantified in the announcement.