Month: June 2025

Silver Viper Minerals Corp. has increased its non-brokered private placement to 12,000,000 units at $0.30 each, aiming to raise up to $3,600,000 due to strong demand. The offering terms remain unchanged, with the first tranche closing around July 10, 2025, subject to TSX Venture Exchange approval.

The union Los Mineros alleges workers at Mexico’s Camino Rojo mine, owned by Canada’s Orla Mining, were assaulted and threatened into joining a rival union. The case is under review by authorities in Mexico, Canada, and the U.S. under CUSMA’s labour mechanism. The union demands justice and claims employer-backed coercion and organized crime involvement.

GR Silver Mining Ltd. has restructured its management to advance the Plomosas Silver Project in Mexico. Márcio Fonseca is now President and CEO, Eric Zaunscherb is Executive Chair, and key promotions include Alejandro Cano Cabello (VP Operations, Mexico), Luis Coto (VP Exploration), and Gerardo Cicilia Calnacasco (Controller, Mexico). The company is continuing a 3,000-meter drilling program at San Marcial and exploring a Bulk Sampling Test Mining program at the Plomosas Mine. Additionally, 750,000 stock options were granted to officers, exercisable at $0.175 for five years.

Vizsla Silver Corp. completed a US$100 million bought deal public offering of 33,334,000 common shares at US$3.00 each, led by Canaccord Genuity. The offering includes a 30-day over-allotment option for up to 5,000,100 additional shares. Proceeds will fund the Panuco and Santa Fe Projects, potential acquisitions, and general corporate purposes. The offering awaits final TSX approval.

Santacruz Silver Mining Ltd. has upgraded to the OTCQX Best Market from OTCQB, effective June 26, 2025, trading under “SCZMF.” The move enhances U.S. investor access and liquidity while maintaining listings on TSXV (“SCZ”) and FSE (“1SZ”). The OTCQX qualification reflects Santacruz’s commitment to transparency and supports its goal of becoming a leading silver and base metals producer in Latin America.

Discovery Silver Corp. announced strong shareholder support at its June 25, 2025, Annual General and Special Meeting. All director nominees were overwhelmingly elected, with votes ranging from 96.46% to 99.95% in favor. Shareholders also approved the appointment of PricewaterhouseCoopers LLP as auditors, the Long Term Incentive Plan, amendments to the Deferred Share Unit Plan, and unallocated share units and stock options.

Santacruz Silver Mining Ltd. has upgraded to the OTCQX Best Market from OTCQB, trading under “SCZMF” effective June 26, 2025. This move enhances U.S. investor access and liquidity, supporting the company’s goal to become a leading silver and base metals producer in Latin America. Santacruz operates multiple mining complexes in Bolivia and Mexico, focusing on transparency and operational excellence.

President Claudia Sheinbaum confirmed Mexico will issue no new mining concessions, continuing the moratorium from López Obrador, and will review existing permits for environmental compliance. Focusing on lithium control and copper beneficiation, she aims to boost domestic manufacturing. Miners face regulatory uncertainty and potential tax hikes, with Sheinbaum emphasizing transparency and environmental upgrades, especially for open-pit mines.

Americas Gold and Silver Corporation closed a US$100 million senior secured debt facility from SAF Group to fund growth at the Galena Complex. The facility includes a US$50 million initial term loan and two additional US$25 million tranches, subject to conditions. The funds will support increased development, longhole stoping, equipment upgrades, and cost reductions, with the loan secured by most company assets.