Santacruz Silver (NASDAQ: SCZM) issues PSUs, RSUs and DSUs to insiders

Rhea-AI Filing Summary

Santacruz Silver Mining Ltd. announced the grant of new equity incentives under its Omnibus Equity Incentive Plan. The company awarded 304,000 performance share units (PSUs), 296,000 restricted share units (RSUs) and 60,000 deferred share units (DSUs) to certain directors, officers and employees.

PSUs will vest based on performance metrics set by the Compensation Committee, while RSUs and DSUs vest in equal one‑third installments on each anniversary of the grant date. Each vested PSU and DSU can be redeemed for one common share, and each vested RSU for one share or, at the company’s election, cash. The grants to related parties are treated as a related party transaction under Multilateral Instrument 61‑101, with Santacruz relying on valuation and minority‑approval exemptions.

Key Figures

Performance share units granted: 304,000 PSUs Restricted share units granted: 296,000 RSUs Deferred share units granted: 60,000 DSUs

3 metrics

Performance share units granted 304,000 PSUs Aggregate PSUs granted under the Omnibus Equity Incentive Plan

Restricted share units granted 296,000 RSUs Aggregate RSUs granted to directors, officers and employees

Deferred share units granted 60,000 DSUs Aggregate DSUs granted to certain participants under the Plan

Key Terms

Omnibus Equity Incentive Plan, performance share units, restricted share units, deferred share units, +1 more

5 terms

Omnibus Equity Incentive Plan financial

"granted ... to employees of the Company in accordance with the Company’s Omnibus Equity Incentive Plan"

A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.

performance share units financial

"granted an aggregate of 304,000 performance share units (PSUs)"

Performance share units are a type of company stock award given to employees that depend on the company meeting specific goals or targets. If these goals are achieved, the employee receives shares or the value of shares; if not, they may receive little or no compensation. This aligns employees’ interests with the company's success and encourages performance that benefits investors.

restricted share units financial

"granted an aggregate of ... 296,000 restricted share units (RSUs)"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

deferred share units financial

"granted an aggregate of ... 60,000 deferred share units (DSUs)"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

Multilateral Instrument 61-101 regulatory

"transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders"

Multilateral Instrument 61-101 is a securities regulation that sets rules for certain corporate deals—like mergers, asset sales, or related-party transactions—to protect minority shareholders by requiring extra disclosure, independent valuation and, in many cases, formal shareholder approval. Think of it as an impartial referee and checklist that forces companies to show the full playbook and get a vote or an independent price opinion, so investors can judge whether a proposed deal is fair and avoid being overridden by insiders.

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FAQ

What equity incentives did Santacruz Silver (SCZM) grant in August 2026?

Santacruz Silver granted 304,000 PSUs, 296,000 RSUs and 60,000 DSUs to certain directors, officers and employees under its Omnibus Equity Incentive Plan as part of ongoing long-term incentive compensation.

How do the PSUs, RSUs and DSUs granted by Santacruz Silver (SCZM) vest?

The PSUs vest upon achievement of performance metrics set by the Compensation Committee. RSUs and DSUs vest in equal one‑third installments on each anniversary of the grant date, in line with the company’s Omnibus Equity Incentive Plan.

What can vested Santacruz Silver (SCZM) PSUs, RSUs and DSUs be redeemed for?

Each vested PSU and DSU may be redeemed for one common share of Santacruz Silver. Each vested RSU may be redeemed for one common share or, at the company’s election, a cash payment instead of shares.

Why are Santacruz Silver (SCZM)’s equity grants classified as a related party transaction?

Awards under the Plan granted to related parties are treated as a related party transaction under Multilateral Instrument 61-101. Santacruz relies on exemptions from formal valuation and minority shareholder approval in sections 5.5(b) and 5.7(1)(a).

Where does Santacruz Silver (SCZM) operate its mining assets?

Santacruz Silver operates the Bolivar, Porco and Caballo Blanco mining complexes and the Reserva mine in Bolivia, oversees the Soracaya exploration project, and operates the Zimapan mine in Mexico, focusing on silver and related mineral properties.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

UNDER the Securities Exchange Act of 1934

For the month of August 2026

Commission File No.: 001-43051

Santacruz Silver Mining Ltd.

(Translation of registrant’s name into English)

480 – 1140 West Pender Street

Vancouver, British Columbia

Canada V6E 4G1

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☐ Form 40-F ☒

EXHIBIT INDEX

Exhibit		Description
99.1		Press Release dated August 6, 2026

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Santacruz Silver Mining Ltd.
Date: August 7, 2026	By:	/s/ Andres Bedregal
	Name:	Andres Bedregal
	Title:	Chief Financial Officer

Exhibit 99.1

News Release August 6, 2026

Santacruz Silver Announces Equity Incentive Grants

Vancouver, B.C. – Santacruz Silver Mining Ltd. (NASDAQ: SCZM) (TSX.V:SCZ) (“Santacruz” or the “Company”) announces that the Company has granted an aggregate of 304,000 performance share units (“PSUs”), 296,000 restricted share units (“RSUs”) and 60,000 deferred share units (“DSUs”) to certain directors, officers and employees of the Company in accordance with the Company’s Omnibus Equity Incentive Plan (the “Plan”).

The PSUs will vest upon the achievement of certain performance metrics determined by the Company’s Compensation Committee and in accordance with the terms of the Plan. The RSUs and DSUs vest in equal one third installments on each anniversary of the grant date and in accordance with the terms of the Plan. Each vested PSU and DSU may be redeemed for one common share of the Company. Each vested RSU may be redeemed for one common share of the Company or, at the election of the Company, cash.

The grant of the awards under the Plan to related parties constitutes a related party transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the grant of the awards under the Plan to related parties in reliance on the exemptions contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, respectively.

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 Zimapan mine.

‘signed’

Arturo Préstamo Elizondo,

Executive Chairman and CEO

For further information, please contact:

Arturo Préstamo

Santacruz Silver Mining Ltd.

Email: info@santacruzsilver.com

Telephone: +52 81 83 785707

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.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 9.6 KB
• EX-99 GRAPHIC 2.7 KB