Santacruz Silver Announces Issuance of Stock Options

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.

News Market Reaction – SCZM

+2.37%

4 alerts

+2.37% News Effect

+$27M Valuation Impact

$1.18B Market Cap

0.4x Rel. Volume

On the day this news was published, SCZM gained 2.37%, reflecting a moderate positive market reaction. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $27M to the company's valuation, bringing the market cap to $1.18B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

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

6 metrics

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

Market Reality Check

Price: $12.15 Vol: Volume 279,352 is below t...

low vol

$12.15 Last Close

Volume Volume 279,352 is below the 20-day average of 577,511 (relative volume 0.48). low

Technical Price at 12.26 is trading very close to the 200-day MA at 12.2.

Historical Context

2 past events · Latest: Feb 18 (Positive)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Feb 18	TSX Venture 50 rank	Positive	+7.3%	Recognition as #1 on 2026 TSX Venture 50 after strong 2025 performance.
Jan 26	Production update	Neutral	-0.7%	Q4 2025 production of 3.74M silver equivalent ounces with mixed YoY trends.

Pattern Detected

Recent news has been operational and recognition-focused, with generally constructive or steady price reactions around announcements.

Recent Company History

In the months leading up to this option grant, Santacruz Silver featured in recognition and operational updates. On Feb 18, 2026, it ranked #1 on the 2026 TSX Venture 50, after a 1103% share price appreciation and 1137% market cap growth in 2025, which saw a positive 7.29% next-day move. On Jan 26, 2026, the company reported Q4 2025 production of 3,739,019 silver equivalent ounces with a modest -0.7% reaction, indicating balanced expectations around operational data.

Market Pulse Summary

This announcement details the grant of 45,000 stock options at an exercise price of C$17.18 to Adela...

Analysis

This announcement details the grant of 45,000 stock options at an exercise price of C$17.18 to Adelaide Capital as part of Santacruz Silver’s omnibus incentive plan, tied to ongoing investor relations and capital markets support. In context of recent operational and recognition milestones, this represents routine equity-based compensation. Investors may focus on how such incentives support long-term capital markets strategy, while tracking future production updates and corporate developments for more material catalysts.

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. Not financial advice.

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

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.