07:13 AM EDT, 05/25/2026 (MT Newswires) -- Golden Minerals Company ( AUMN ) has closed a private placement equity financing with Streamline Metals Capital for gross proceeds of US$856,463, the company said on Saturday.

Golden Minerals ( AUMN ) sold 3.7 million of its common shares to Streamline Metals at a price of $0.229 per share.

Net proceeds will be used for working capital purposes; to advance joint venture processes in relation to Golden Minerals' ( AUMN ) Sand Canyon project in Nevada and Sarita/Desierto project in Argentina; to evaluate new project opportunities, including in Bolivia; and for other general working capital and corporate purposes.

Streamline Metals now holds about 19.9% of Golden Minerals' ( AUMN ) issued and outstanding common shares.

Streamline is backed by Nolan Watson, a mining executive and investor who founded Sandstorm Gold and served as its president and chief executive officer. Sandstorm was acquired by Royal Gold in 2025.