SINDA (SIND) Registration filing summary

Company overview and business model

• Operates a large-scale, high-grade silver-gold project in Mexico’s Guanajuato epithermal silver belt, holding five contiguous mining concessions covering 6,232 hectares.

• The Sinda Property is positioned as a rare, primary silver asset with significant exploration upside, targeting both resource development and new discoveries.

• The business model focuses on advancing the Sinda Property from exploration to commercial production, leveraging Mexico’s top silver mining jurisdiction and established infrastructure.

Financial performance and metrics

• For the year ended December 31, 2025, net loss was $18.7 million, up from $10.7 million in 2024, driven by increased exploration and administrative expenses.

• As of March 31, 2026, cash and cash equivalents were $18.1 million, with working capital of $12.1 million.

• The company has a history of negative operating cash flows and net losses, with no current revenues as it remains in the exploration stage.

• Recent financing included a $47.6 million private placement at $4.90 per share, with proceeds used to repay related-party debt and fund operations.

Use of proceeds and capital allocation

• Net proceeds from the IPO will fund surface and underground exploration and infill drilling, underground development, technical studies, and general corporate purposes.

• The board and management retain broad discretion over the timing and application of proceeds.

• Pending use, proceeds may be invested in short-term, interest-bearing, investment-grade securities.