United States Antimony Corp restarted its Madero smelter in Mexico, over a year after halting Latin American operations due to financial losses and low antimony prices. The move follows China’s 2024 export ban on critical minerals, driving antimony prices up. The company aims to process 200 tons monthly by year-end, using international ore sources, amid U.S. efforts to boost domestic critical mineral production.
Canuc Resources Corporation extended the final closing date of its non-brokered private placement to May 21, 2025, to fund the acquisition of MacDonald Mines Exploration Ltd. and exploration of its assets. MacDonald Mines, founded in 1935, focuses on precious and critical metals in Ontario, with its flagship SPJ Project near Sudbury, targeting copper, gold, cobalt, nickel, and rare earth elements.
Excellon Resources Inc. faces a lawsuit in Ontario from Javier Martinez Lomas, seeking US$23 million in damages. The claim relates to a previously resolved dispute in Mexico involving a former Excellon subsidiary. Excellon considers the lawsuit meritless and an attempt to relitigate a settled matter, vowing to defend and dismiss the claim.
Mako Mining Corp. reports Q1 2025 San Albino production of 48,813 tonnes mined, yielding 10,817 oz gold sold for $31.5 million. Mill recovery was 85.3% at 608 tpd. The Moss Mine acquisition added 936 oz. Eagle Mountain project advances with environmental and geotechnical work, targeting H2 2025 for EIS submission. Cash balance is $14.2 million.
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