Month: June 2025

Roberto Resources clarified details on its proposed acquisition of the Claudia Gold and Silver Project in Durango, Mexico. The due diligence period was extended to June 30, 2025, and terms include US$25,000 cash, 10 million shares, assuming up to US$500,000 payables, and contingent bonus payments tied to resource milestones; a 50,000 m drilling commitment also applies. Completion remains subject to approvals and conditions.

Quetzal Copper Corp. announced a binding LOI to acquire Silverco Mining Corp. via reverse takeover (June 26, 2025). Silverco’s key asset is the past-producing Cusi silver mine in Mexico with a 1,200 tpd mill. Post-100:1 consolidation, Quetzal holders ~2%. Includes $500,000 bridge loan financing. Subject to approvals.

Kenadyr Metals Corp. has agreed to acquire Exploraciones Margarita S.A. de C.V., holding an 80% interest in the Cerro Grande copper-gold-silver skarn discovery in Sonora, Mexico, from Infinitum Copper Corp. for $100,000 cash and 1,842,719 Kenadyr shares. This acquisition advances Kenadyr’s strategy to develop high-grade copper assets in North America, leveraging the Adelita Project’s significant exploration history.

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.

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.