Reyna Silver Corp. announced the pricing for its non-brokered private placement, setting each unit at $0.095, comprising one share and one warrant exercisable at $0.13 for one year. The $1.1 million raised, part of a deal with Torex Gold Resources, will fund Nevada option agreement payments, pending TSXV approval, with a four-month hold period on securities.
Orla Mining Ltd. announced that all nominees listed in its May 9, 2025, Management Information Circular were elected as directors at the June 24, 2025, AGM, with over 95% votes for each. Shareholders approved Deloitte LLP as auditor, the “say-on-pay” resolution, and amendments to the stock option and restricted share unit plans. Tim Haldane retired from the Board, and Orla expressed gratitude for his service.
Americas Gold and Silver Corporation announced that all director nominees listed in the May 15, 2025, proxy Circular were elected at the June 24, 2025, annual and special meeting. Voting results showed strong support, with over 98% votes for each director. Shareholders also passed resolutions to reappoint PricewaterhouseCoopers LLP as auditors, re-approve amended Deferred Share Unit, Share Unit, and Stock Option Plans, and authorize a common share consolidation.
Vortex Metals Inc. has engaged Pontones & Ledesma to lead environmental impact studies for its Zaachila and Riqueza Marina projects in Mexico, aiming to secure drill permits. The firm’s expertise will support permitting for the highly prospective VMS projects. Additionally, Vortex hired Fairfax Partners Inc. for a three-month investor outreach and communications campaign with a C$25,000 budget.
Excellon Resources Inc. acquired Minera CRC, gaining full ownership of the Mallay Silver Mine and Tres Cerros Exploration Property in Peru. The past-producing mine, with significant infrastructure, is set for rehabilitation and potential restart within months. Tres Cerros offers gold-silver exploration potential. The deal involved cash, shares, and agreements, approved by the TSX Venture Exchange.
Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has increased its senior secured debt facility from $120 million to $135 million with ING Capital LLC and Societe Generale. The funds will support commissioning the Terronera Project in Jalisco, Mexico, and general working capital. Terronera implemented zero-cost collars to manage silver price risks, protecting 968,000 ounces at $31.00-$42.00 per ounce. Commissioning is on track.
Heliostar Metals Ltd. reported successful drilling at the Truckshop stockpile at La Colorada Mine, Sonora, Mexico, with highlights including 10.7m at 1.81 g/t gold and 19.8m at 0.62 g/t gold. The results support the company’s strategy to maximize cash flow from low-cost stockpiles before expanding the Veta Madre and Creston pits. Next, drilling will target the El Dorado stockpile.
Questcorp Mining Inc. (CSE: QQQ) has launched the first phase of its work program at the La Union CRD project in Sonora, Mexico, targeting a 100% interest from Riverside Resources Inc. The program includes IP surveying, geological mapping, and sampling to optimize drill targets for a 1,500-meter drill program in Q3 2025, focusing on high-grade polymetallic mineralization.
Minaurum Gold Inc. increases its private placement to C$8 million, issuing 32 million units at C$0.25 each, including one common share and half a warrant exercisable at C$0.37 for 24 months. Proceeds will fund exploration at the Alamos silver project, property maintenance, permitting, and general working capital. The offering, led by Cormark Securities, is set to close around July 3, 2025.
President Sheinbaum explained why the open-pit mining ban proposed by former President Andrés Manuel López Obrador was withdrawn and announced she will continue the moratorium on new mining concessions. Permits for existing mines will be under environmental review, especially open-pit operations. Permits currently being granted address tailings and operational issues, not new projects.
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