McEwen Inc. announced construction has begun on a new ramp at the Stock Mine within its Fox Complex, marking a new growth phase. This development aims to unlock lower-cost gold production by improving access to multiple zones and increasing throughput, leveraging its nearby mill and eliminating costly haulage. The project supports near-term production expansion and long-term value creation.
Defiance Silver Corp. increased its private placement from C$8M to C$13M due to strong demand, offering 52M units at C$0.25 each, including a common share and half a warrant exercisable at C$0.35 for 24 months. A concurrent non-brokered offering aims for C$1.5M. Proceeds will fund exploration, a San Acacio resource estimate, Tepal payments, and working capital. Closing is set for June 17, 2025, pending TSXV approval.
IMPACT Silver closed an oversubscribed non-brokered private placement raising C$5.2 million, including LIFE units and standard units with warrants. Proceeds will boost exploration at the Plomosas Zn-Pb-Ag property, develop silver assets at Zacualpan, and improve operational productivity. The financing included finders’ warrants and is subject to TSXV acceptance.
Mammoth Resources Corp. announced a strategic alliance with RM Minerías, a Mexican mining group, to develop and restart mineral projects in Mexico, enhancing Mammoth’s Tenoriba gold-silver project. Additionally, Mammoth launched a non-brokered private placement of 30 million units at $0.025 each, aiming to raise $750,000 to advance Tenoriba, evaluate acquisitions, and support working capital.
Sierra Madre Gold and Silver Ltd. extended its US$5 million secured loan with First Majestic Silver Corp. to May 7, 2027, with no other changes. The 15% interest loan allows deferred interest payments. The extension aids potential expansion at the Guitarra mine and exploration. Sierra Madre also granted 950,000 stock options to employees and consultants at $0.69 per share.
Orla Mining Ltd. announced the first underground Mineral Resource estimate for its Camino Rojo deposit in Zacatecas, Mexico, extending from the oxide open pit. The Measured and Indicated Resource totals 50.1 Mt at 2.58 g/t AuEq (4.16 Moz), with an Inferred Resource of 5.6 Mt at 2.33 g/t AuEq (0.42 Moz). Zone 22, a sulphide extension, contributes 7% and 19% to these categories, respectively. The resource supports heap leaching, cyanidation, and flotation with pressure oxidation. Orla plans further drilling, an exploration drift, and a 2026 Preliminary Economic Assessment to advance toward underground mining.
Defiance Silver Corp. announced a private placement with Red Cloud Securities Inc. to sell up to 32 million units at C$0.25 each, aiming for C$8 million in proceeds. Each unit includes one common share and half a warrant, exercisable at C$0.35 for 24 months. An additional 8 million units may be sold under an agent’s option. Proceeds will fund exploration, resource estimates, and operations. The offering closes June 17, 2025, pending TSXV approval.
Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) is advancing its phosphate project in Mexico and battery metal projects in the Cook Islands, supported by a U.S. Executive Order boosting seafloor mining. CEO Mark Gordon will present at the Emerging Growth Conference on June 17, 2025, to discuss catalysts and long-term value.
Minera Alamos submitted the final Mine Plan of Operations amendment for the Copperstone Mine, expecting approval by year-end 2025 to restart operations in 2026. Key permits are secured, with minor amendments pending. A February 2025 PEA shows strong economics, with an NPV of US$66-200M. Site development, equipment transfer, and exploration drilling are planned to enhance project value.
Defiance Silver Corp. secured a six-year surface access agreement for its Tepal Gold-Copper Project in Mexico, enabling exploration and drilling. The company restructured a 2.5% NSR royalty payment schedule and extended the final payment for the San Acacio property option to June 30, 2026, maintaining original economic terms.
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