May 12, 2026
Silver X Mining Begins Trading on OTCQX, Expanding Access to U.S. Investors
Silver X is advancing its growth strategy in Peru, supported by current production
and expansion opportunities at Nueva Recuperada.
The OTCQX® upgrade reflects Silver X’s ability to meet elevated financial,
governance and disclosure standards as it scales.
Vancouver, British Columbia, May 12, 2026 – Silver X Mining Corp. (TSX-V: AGX | OTCQX: AGXPF | F: AGX) (“Silver X” or the “Company”), a rapidly growing silver producer developing a district-scale platform in Peru, today announced that it’s common shares have commenced trading on the OTCQX® Best Market (“OTCQX”), effective today, under the symbol “AGXPF.” Silver X has graduated to OTCQX from the OTCQB® Venture Market (“OTCQB”), marking an important milestone in the Company’s capital markets strategy and enhancing its visibility and accessibility to U.S. institutional and retail investors.
Investors can find current financial disclosure and real-time Level 2 quotes for the Company at www.otcmarkets.com.
Strategic Step Toward a Broader Capital Markets Platform
“This is an important step in positioning Silver X as a recognized silver growth story in the U.S. market,” said Jose Garcia, President, Chief Executive Officer, and Director of Silver X Mining Corp. “We are building a scalable, district-scale platform in Peru with current production, near-term growth visibility, and significant exploration upside. Trading on OTCQX expands our reach to a broader U.S. investor audience, strengthens our access to capital markets, and supports the next phase of growth at our Nueva Recuperada Silver Project. With production at our Tangana Mining Unit, immediate development opportunities, and meaningful brownfield expansion potential across our district-scale land package, we believe Silver X is well positioned to build a premier silver company and deliver long-term value for shareholders.”
Positioned for Near-Term Growth and Long-Term Scale
Silver X is actively advancing its Nueva Recuperada Silver District in central Peru, a 20,000+ hectare land package with multiple mining units and over 200 exploration targets. The Company is currently processing approximately 750 tonnes per day, with a clear path to increase throughput to 1,000 tonnes per day, supported by operational improvements and high-grade feed from satellite deposits.
Key growth drivers include:
- Tangana Mining Unit, the current production hub, with ongoing optimization and development
- Near-plant satellite deposits, including high-grade opportunities such as Blenda Rubia and Red Silver
- District-wide exploration upside, with over 200 targets across a consolidated land package
- Recently acquired Pampas Project, a high-grade gold-silver asset with potential to become a second production center
This integrated, multi-asset approach positions Silver X to evolve from a single-operation producer into a district-scale silver company with multiple production sources and processing hubs.
Building a Scalable Multi-Asset Platform
Silver X’s strategy centers on consolidating and advancing the broader Huancavelica district into a scalable, long-life mining platform supported by existing infrastructure, near-plant development opportunities, and district-wide exploration potential. The Company is focused on increasing metal production through higher throughput and grade optimization, advancing satellite deposits to supplement plant feed, and unlocking additional value through district consolidation and exploration.
Enhanced Visibility in the U.S. Market
OTCQX is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to OTCQX enhances Silver X’s accessibility and visibility with U.S. investors as the Company continues to advance production, resource growth, and development opportunities at Nueva Recuperada.
Silver X will continue to trade on the TSX Venture Exchange under the symbol AGX, maintaining its Canadian market presence alongside its growing U.S. profile.
About Silver X
Silver X is a growing silver producer building a multi-asset precious metals platform in Peru. The Company’s portfolio includes the Nueva Recuperada Project, a district-scale land package of 20,795 hectares with two mining units and over 200 exploration targets, as well as the recently acquired Pampas Project, which adds further scale and long-term growth potential.
Current production from the Tangana Mining Unit is increasing alongside the planned restart of the Plata, Red Silver and Blenda Rubia mines, supporting a path toward approximately 6 million AgEq ounces annually by 2029. The addition of the Pampas Project strengthens the Company’s asset base and enhances its ability to grow into a district-wide, multi-asset operator.
With existing production, scalable expansion opportunities, and significant exploration upside across multiple assets, Silver X is positioning itself as a next-generation silver company focused on growth, diversification, and long-term value creation.
On Behalf of the Board
José M. García
CEO and Director
For further information, please contact:
Susan Xu
Investor Relations
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This press release contains forward-looking information within the meaning of applicable Canadian securities legislation (“forward-looking information”). Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain acts, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. All information contained in this press release, other than statements of current and historical fact, is forward-looking information. Forward-looking information contained in this press release may include, without limitation, the Company’s exploration and drilling plans at the Red Silver Project, the objectives, phasing and expected results of the drill program, potential Mineral Resource expansion or resource classification upgrades, and the expected performance of the Company.
The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions will not change in a material adverse manner; demand for, and stable or improving prices of, the commodities produced by the Company; receipt of regulatory and governmental approvals, permits and renewals in a timely manner; that the Company will not experience any material accident, labour dispute, equipment failure or other disruption affecting its operations; the availability of financing for exploration, development and operations; the Company’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; that the estimates of mineral resources and the geological, operational and price assumptions on which they are based are within reasonable bounds of accuracy; the Company’s ability to attract and retain qualified personnel; and the ability of management to execute its business strategy.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation, risks related to exploration and development activities, mineral resource estimation, geological interpretation, permitting, financing, commodity price fluctuations, operating risks, changes in laws and regulations, and the risks described in the Company’s annual and interim MD&As and other public filings available on SEDAR+ at www.sedarplus.ca. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
