Riverside Resources Inc. finalized an option agreement with Questcorp Mining Inc. for the La Union Project in Sonora, Mexico, on May 5, 2025. Questcorp can acquire 100% interest by paying C$100,000, issuing 19.9% shares, and spending C$5.5M on exploration over four years. Riverside retains a 2.5% royalty and will operate the exploration program.
Trafigura Group Pte Ltd. raised a record USD390M through a US Private Placement on May 6, 2025, across four tenors, including a new 12-year tranche. The placement, upsized from USD100M due to strong demand, refinances USD102M of maturities and adds USD288M in liquidity. Citi and MUFG acted as agents, with funding set for May 30, 2025.
Discovery Silver Corp. filed a final short form base shelf prospectus on May 5, 2025, replacing its March 2023 prospectus. The filing allows potential offerings of up to C$500M in securities over 25 months, enhancing financial flexibility for future business developments. Specific terms and use of proceeds will be detailed in future prospectus supplements.
Chesapeake Gold Corp. announces Alan Pangbourne’s immediate resignation as director to pursue other opportunities. The company thanks him for his service and wishes him well.
Vizsla Silver Corp. has resumed all field activities at its Panuco silver-gold Project in Mexico, including test mine development, geotechnical and exploration drilling, mapping, and geophysical surveys. The underground test mine’s portal box cut is complete, and ramp development progresses on schedule. Exploration focuses on the Animas discovery and Copala Resource, with two rigs active. A Feasibility Study is upcoming.
Luca Mining Corp. announced results from nine underground drill holes at its Tahuehueto gold-silver mine in Mexico, part of a 5,000m exploration program. Two new high-grade breccia ore shoots were discovered in the El Creston vein system, with intercepts including 9.4m at 5.21 g/t AuEq and 4.8m at 5.62 g/t AuEq. A Phase 2 drilling program and surface drilling at the Santiago deposit have begun.
Kingsmen Resources Ltd. has completed drill pad construction for a 14-hole diamond drilling program at its 100% owned Las Coloradas silver project in Chihuahua, Mexico. Targeting the Soledad and Soledad II vein systems, the program follows high-grade silver and anomalous gold findings. Drilling is set to start post-holiday and continue through July, aiming to unlock the project’s value in the Parral mining district.
Kootenay Silver Inc. announced high-grade drill results from its Columba Silver Project, with D-Vein assays reaching 7,630 gpt silver and 30.57% lead-zinc, the deepest and highest values recorded. Hole CDH-25-199 intercepted 620 gpt silver over 16.5 meters. The company is compiling data for a maiden resource estimate, with drilling now exceeding 20,000 meters.
Apollo Silver Corp. appoints Ross McElroy as President and CEO, succeeding Andrew Bowering, who remains Chair. McElroy, a geologist with 38 years of experience, led Fission Uranium’s $1.14 billion acquisition by Paladin Energy. He receives 2,500,000 stock options. Apollo aims to advance its silver projects in California and Mexico under McElroy’s leadership.
Capstone Copper Corp. announced the voting results from its 2025 Annual General Meeting held May 2, 2025, in Vancouver. With 594,082,529 shares voted (77.96% of outstanding shares), shareholders approved all items, including setting the board at eight directors (96.27% for), electing directors (98.20%-99.98% for), re-appointing Deloitte LLP as auditor (99.90% for), and an advisory vote on executive compensation (91.87% for).
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