
Sinda Ltd. (NYSE:SIND) (the &#34;Company&#34; or &#34;Sinda&#34;) today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the

<p xmlns="http://www.w3.org/1999/xhtml">
Sinda Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SIND">SIND</a>) (the &#34;Company&#34; or &#34;Sinda&#34;) today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the &#34;Concurrent Placement&#34;) with Fresnillo plc (&#34;Fresnillo&#34;), pursuant to the Common Stock Purchase Agreement between Sinda and Fresnillo dated June 22, 2026 (the "Purchase Agreement"). At closing, Fresnillo purchased 7,939,544 shares of Sinda common stock at the Company&#39;s initial public offering price of $12.00 per share, for gross proceeds to the Company of approximately $95.3 million. Following that closing, and consistent with Sinda&#39;s pre-existing contractual commitment to do so promptly thereafter, the Company filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission on July 28, 2026, covering the potential future resale of those shares.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Following the closing, the Company has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission. The filing of the registration statement does not represent a sale, an offering, or an intention to sell shares by Fresnillo. No shares have been sold pursuant to this filing, and Fresnillo remains subject to a 180-day lock-up agreement.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;The closing of the Fresnillo transaction marks a significant milestone for Sinda, leaving us well-capitalized to advance our operational objectives. Fresnillo, our neighbor in what they refer to as Guanajuato Sur, is the epitome of a sophisticated, long-term strategic partner, and we look forward to collaborating in the development of this most exciting district,&#34; said Daniel Muñiz Quintanilla, Executive Chairman of Sinda Ltd.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Company reiterates the strategic importance of the investment from Fresnillo, the largest silver miner in the world. At the time of the transaction&#39;s announcement, Fresnillo underscored its confidence in Sinda, stating: <i xmlns="http://www.w3.org/1999/xhtml">&#34;The Sinda Property is a large primary silver asset that has the potential to be a globally significant mining operation. Fresnillo is acquiring the Common Shares to enhance its exposure to attractive geological silver districts, complementary to the Company&#39;s organic portfolio.&#34;</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Sinda Ltd.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sinda is a silver exploration and development company with mineral projects in Mexico, featuring an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources, plus incremental Exploration Targets of 452 – 484 million silver-equivalent ounces. Backed by experienced mining investors and a management team with deep Mexican operating experience, Sinda expects to execute an aggressive exploration and drilling program, and to construct its underground decline enroute to commercial production.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260728826189r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260728826189/en/" rel="nofollow">https://www.businesswire.com/news/home/20260728826189/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:ir@sinda.mx" shape="rect">ir@sinda.mx</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@sinda.mx" shape="rect">media@sinda.mx</a>

</p>

SIND

Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.

Sinda closes Fresnillo-backed $95 million financing to advance silver project

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Sinda Ltd. (NYSE:SIND) (the &amp;#34;Company&amp;#34; or &amp;#34;Sinda&amp;#34;) today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Sinda Ltd. completed a concurrent private placement with Fresnillo, raising approximately $95.3 million by selling 7,939,544 shares at $12 each. Fresnillo filed an S-1 for potential resale and faces a 180-day lock-up. The financing strengthens Sinda’s balance sheet and supports collaboration to advance the Guanajuato Sur silver district.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Sinda closes concurrent private placement with Fresnillo.</li><li>Fresnillo buys 7,939,544 shares at $12; gross $95.3m.</li><li>S-1 registration filed for potential resale; Fresnillo 180-day lock-up.</li><li>Fresnillo described as strategic partner; supports Guanajuato Sur development.</li><li>Fresnillo is the world&#039;s largest silver miner.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Sinda Ltd. (SIND)</strong>: Completed $95.3M concurrent private placement with Fresnillo; strengthens capital position.</li><li><strong>Fresnillo plc (FRES.L)</strong>: Strategic investor; largest silver miner; backing supports Guanajuato Sur collaboration; 180-day lock-up.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. Reflects a financing milestone and strategic partnership that could alter Sinda&#039;s liquidity, ownership dynamics, and project timeline.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Financing provides immediate liquidity runway for exploration and development.</li><li>S-1 filing for resale could lead to potential near-term dilution risk.</li><li>Fresnillo&#039;s participation signals a long-term strategic partnership.</li><li>Development prospects in Guanajuato Sur receive implicit validation.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Shares issued: 7,939,544.</li><li>Purchase price: $12.00 per share.</li><li>Gross proceeds: approximately $95.3 million.</li><li>Closing date: July 27, 2026.</li><li>S-1 filing: July 28, 2026; 180-day Fresnillo lock-up.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over 6–12 months as Fresnillo-backed financing improves liquidity and validates Sinda&#039;s asset.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Sinda Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SIND">SIND</a>) (the &#34;Company&#34; or &#34;Sinda&#34;) today issued a statement to confirm that on July 27, 2026, Sinda completed the closing of its previously announced concurrent private placement (the &#34;Concurrent Placement&#34;) with Fresnillo plc (&#34;Fresnillo&#34;), pursuant to the Common Stock Purchase Agreement between Sinda and Fresnillo dated June 22, 2026 (the "Purchase Agreement"). At closing, Fresnillo purchased 7,939,544 shares of Sinda common stock at the Company&#39;s initial public offering price of $12.00 per share, for gross proceeds to the Company of approximately $95.3 million. Following that closing, and consistent with Sinda&#39;s pre-existing contractual commitment to do so promptly thereafter, the Company filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission on July 28, 2026, covering the potential future resale of those shares.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Following the closing, the Company has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission. The filing of the registration statement does not represent a sale, an offering, or an intention to sell shares by Fresnillo. No shares have been sold pursuant to this filing, and Fresnillo remains subject to a 180-day lock-up agreement.

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#34;The closing of the Fresnillo transaction marks a significant milestone for Sinda, leaving us well-capitalized to advance our operational objectives. Fresnillo, our neighbor in what they refer to as Guanajuato Sur, is the epitome of a sophisticated, long-term strategic partner, and we look forward to collaborating in the development of this most exciting district,&#34; said Daniel Muñiz Quintanilla, Executive Chairman of Sinda Ltd.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Company reiterates the strategic importance of the investment from Fresnillo, the largest silver miner in the world. At the time of the transaction&#39;s announcement, Fresnillo underscored its confidence in Sinda, stating: <i xmlns="http://www.w3.org/1999/xhtml">&#34;The Sinda Property is a large primary silver asset that has the potential to be a globally significant mining operation. Fresnillo is acquiring the Common Shares to enhance its exposure to attractive geological silver districts, complementary to the Company&#39;s organic portfolio.&#34;</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<i xmlns="http://www.w3.org/1999/xhtml">A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</i>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Sinda Ltd.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Sinda is a silver exploration and development company with mineral projects in Mexico, featuring an estimated 369 million silver-equivalent ounces of Inferred Mineral Resources and 16 million silver-equivalent ounces of Indicated Mineral Resources, plus incremental Exploration Targets of 452 – 484 million silver-equivalent ounces. Backed by experienced mining investors and a management team with deep Mexican operating experience, Sinda expects to execute an aggressive exploration and drilling program, and to construct its underground decline enroute to commercial production.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260728826189r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260728826189/en/" rel="nofollow">https://www.businesswire.com/news/home/20260728826189/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Investor Relations Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:ir@sinda.mx" shape="rect">ir@sinda.mx</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">Media Contact: 
</b><br xmlns="http://www.w3.org/1999/xhtml"></br><a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@sinda.mx" shape="rect">media@sinda.mx</a>

</p>

Sinda Ltd. completed a concurrent private placement with Fresnillo, raising approximately $95.3 million by selling 7,939,544 shares at $12 each. Fresnillo filed an S-1 for potential resale and faces a 180-day lock-up. The financing strengthens Sinda’s balance sheet and supports collaboration to advance the Guanajuato Sur silver district.

News insight

Sinda Ltd. Announces Closing of Concurrent Placement with Strategic Partner, Fresnillo plc.

AI summary

Sentiment rationale

Key facts

Corporate Developments