Day: March 7, 2025

Candelaria Announces Resolution of Loan Facility Enforcement

Hector Gonzalez, CEO of Candelaria commented: “This resolution allows Candelaria to strengthen its financial position and focus on future strategic opportunities while eliminating the financial obligations associated with the medium-term loan facility with Goldgroup”.

Canuc Announces Terms of a Private Placement Financing

Canuc Resources Corporation (TSXV: CDA, OTCQB: CNUCF) announced on March 7, 2025, terms for a non-brokered private placement: 5M–32M units at $0.10 each (1 share + 1 warrant exercisable at $0.15 for 2 years), raising min. $500K to max. $3.2M. Proceeds fund MacDonald Mines acquisition and asset development; conditional on arrangement agreement and TSXV approval.

Apollo Files N.I. 43-101 Technical Report for the Cinco de Mayo Project, Chihuahua State, Mexico

Apollo Silver filed its NI 43-101 Technical Report for the Cinco de Mayo Project in Chihuahua, Mexico, with an effective date of Feb 28, 2025, supporting its earn-in/option agreement with MAG Silver. The report, led by a Qualified Person following a site visit and core review, details extensive historical work on the Upper Manto Pb-Zn-Ag (Au) and Pozo Seco Mo-Au deposits and can be found on SEDAR+ and the company’s website.

Goldgroup Announces Acquisition of Pinos Project

Goldgroup Mining Inc. announced on March 7, 2025, a Non-Enforcement Agreement to acquire 100% of the fully permitted Pinos gold project in Zacatecas, Mexico (30 concessions), via shares of Minera Apolo from Candelaria Mining. Terms: settle ~USD $2.7M loan, $178K cash, 716,667 shares; subject to TSXV approval.

All News