First Majestic Silver Corp., a Vancouver-based mining company focused on silver and gold production in Mexico and the United States, announced an at-the-market (ATM) offering allowing the sale of up to US$150 million in common shares. This program, managed by BMO Capital Markets and TD Securities as agents, enables First Majestic to issue shares on the New York Stock Exchange or other U.S. markets. The net proceeds from the offering will support mine development, improvement projects, and bolster the company's working capital.

The offering replaces the previous equity distribution agreement entered into between First Majestic Silver and the agents on February 23, 2023, which terminated per its terms on June 18, 2023.

Blake, Cassels & Graydon LLP acted as legal counsel to BMO Capital Markets and TD Securities (USA) LLC.