BAYHORSE SILVER Business Summary

Bayhorse Silver Inc. (BHSIF) is a junior natural resource company primarily focused on the acquisition, exploration, and development of high-grade silver and strategic mineral properties in the United States and Canada. The company’s revenue model is centered on the future production and sale of mineral concentrates, specifically silver, copper, antimony, and zinc, derived from its flagship Bayhorse Silver Mine in Oregon and the Pegasus Porphyry Copper Project in Idaho. As of early 2026, the company is transitioning from an exploration-stage entity to a near-term producer, having recently completed significant induced polarization (IP) surveys and metallurgical bulk sampling to optimize selective leaching processes. Within the competitive landscape of junior miners, Bayhorse Silver competes with firms such as Atlas Critical Minerals, Rise Gold, and Cassiar Gold Corp., positioning itself as a niche, low-political-risk operator focused on high-grade, brownfield redevelopment projects with existing infrastructure. The leadership team is anchored by Founder and CEO Graeme O’Neill, who has directed the company’s operations and regulatory compliance since its inception in 2004. In December 2025, the executive suite was strengthened by the appointment of Christos Doulis as President; Doulis brings over 25 years of experience in mining equity research and investment banking, having previously held senior roles at Stonecap Securities and PI Financial. Rick Low, a Chartered Professional Accountant with over two decades of management experience in the mining sector, serves as the Chief Financial Officer after transitioning from his dual role as President. The board is further supported by technical experts like James Walker, a multi-disciplined mining engineer, and Mark Abrams, a seasoned geologist. Notable recent insider activity includes significant warrant exercises by O’Neill and Low in early 2026, signaling continued management alignment with shareholder interests.