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Santacruz Silver's Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Second Tranche of 70 Million Bolivian Bolivianos Promissory Note in the Bolivian Market

Newswire.ca - Mon Aug 11, 2025

Total Raised Reaches 140 Million Bolivian Bolivianos

First Tranche of 70 Million Bolivian Bolivianos Closed in February 2025

VANCOUVER, BC, Aug. 11, 2025 /CNW/ - Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQX: SCZMF) (FSE: 1SZ) ("Santacruz") is pleased to announce that its wholly owned subsidiary in Bolivia, San Lucas S.A. (the "Company"), has successfully completed the second offering (the "Offering") of promissory notes, named "Pagarés Bursátiles San Lucas – Emisión 2," under its San Lucas Promissory Notes Issuance Program on Friday, August 8, 2025. The Offering generated gross proceeds of 70 million Bolivian Boliviano*. The notes have a 7.00% interest rate, a maturity date of June 15, 2026 and are unsecured. With the first tranche of 70 million Bolivian Boliviano* closed in February 2025, this issuance brings the total raised to 140 million Bolivian Boliviano*.

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