Aya Gold & Silver Completes Financing for Zgounder Mine Expansion

MONTREAL, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Aya Gold & Silver Inc. (TSX: AYA; OTCQX: AYASF) (“Aya” or the “Corporation”) is pleased to announce that it has achieved financial completion under its US$100 million project loan with the European Bank for Reconstruction and Development (“EBRD”) for the expansion of the Zgounder Silver Mine (“Zgounder”) in the Kingdom of Morocco.

Aya Gold & Silver Inc., a prominent player in the mining industry, has recently announced the successful financial completion of its expansion project at the Zgounder silver mine, located in Morocco. This project has been significantly bolstered by a strategic partnership with the European Bank for Reconstruction and Development (EBRD), which has underscored its confidence in Aya’s vision and operational expertise.

The announcement is a major milestone for Aya Gold & Silver, reflecting the company's commitment to scaling its operations and maximizing silver production at Zgounder. The partnership with EBRD not only provides a considerable financial backing but also emphasizes the bank's support for sustainable mining practices, an echo of Aya's overarching commitment to responsible resource extraction and environmental stewardship.

The Zgounder silver mine, which is already operational, is slated for an expansion that is expected to double its production capacity. This expansion will involve the development of new infrastructure and the implementation of advanced mining techniques that align with best practices in the industry. As a result, Aya aims to elevate its position within the silver market, capitalizing on the growing demand for silver in various sectors, including technology and renewable energy.

Aya Gold & Silver’s initiatives align with broader market trends, where the demand for silver continues to rise, driven by its critical role in solar energy, electric vehicles, and electronics. This demand creates a substantial opportunity for Aya, particularly as global economies push towards greener technologies.

The company’s plans for the Zgounder expansion are comprehensive. The project will focus on not only increasing production volume but also enhancing the efficiency of operations by introducing cutting-edge technologies and practices. These investments are crucial in ensuring that Aya remains competitive in a rapidly evolving market.

Furthermore, the collaboration with EBRD is expected to bring additional expertise and international best practices to the project, fostering a culture of continuous improvement and innovation at the mine site. This partnership highlights the importance of strategic alliances in the mining industry, where collaboration can lead to shared knowledge and optimally managed risks.

Overall, the financial closure with EBRD marks a pivotal moment for Aya Gold & Silver and paves the way for future growth and expansion. By leveraging this partnership, Aya is not only positioned to increase its silver output but also to enhance its reputation as a responsible producer within the global mining community.