Month: June 2025

Oroco Resource Corp. announced a non-brokered private placement of up to 5,000,000 units at C$0.30 each, aiming to raise C$1,500,000. Each unit includes one common share and one warrant exercisable at C$0.45 for 36 months. Proceeds will advance the Santo Tomás Project in Mexico and support general corporate purposes. The offering awaits TSX-V approval, with securities subject to a four-month-plus-one-day hold period.

Kootenay Silver Inc. announced the maiden Mineral Resource Estimate for its Columba Silver Project in Chihuahua, Mexico, reporting 54.1 million ounces of silver, 25.2 million pounds of lead, and 65.6 million pounds of zinc in the Inferred category. The estimate, based on 17 epithermal veins, uses a 150 gpt silver cut-off grade. The company plans further drilling to expand the resource, with veins open along strike and depth.

Prime Mining Corp. announced that 97% of its $1.10 warrants were exercised, boosting its cash balance to $32.9 million. The funds will advance the Los Reyes gold-silver project in Sinaloa, Mexico, with a Preliminary Economic Assessment planned for Q3 2025. Despite a drilling pause due to security issues, Prime aims to drill 40,000m and expand high-grade resources.

Equinox Gold Corp. (TSX: EQX) and Calibre Mining Corp. (TSX: CXB) completed their merger, creating a major Americas-focused gold producer with mines in five countries, including Canada’s Greenstone and Valentine Gold Mines. The combined company, led by CEO Greg Smith, aims for significant production growth. Calibre shares will be delisted, and shareholders will receive Equinox Gold shares. The finance card above shows EQX’s current price at $6.34 USD.

Mithril Silver and Gold Limited (ASX:MTH; TSXV:MSG) announced the retirement of Non-Executive Directors Garry Thomas and Stephen Layton, effective June 30, 2025. Chair Craig Sharpe praised Thomas for his technical expertise and Layton for his capital markets experience since the company’s 2020 shift to a Mexico-focused precious metals strategy. Both remain significant shareholders, and the Board wishes them well.

Aura Minerals reported the results of its 2025 Annual General Meeting: all nominated directors were elected with strong shareholder support, one nominee was withdrawn, and shareholders approved the appointment and remuneration of auditors KPMG LLP and KPMG Auditores Independentes Ltda. with nearly unanimous votes.

Pinnacle Silver and Gold Corp. announced on June 16, 2025, issuing 2,491,667 shares at C$0.06 each to settle $149,500 debt with creditors (including insiders), subject to TSXV approval. Related party transaction exempt under MI 61-101 (under 25% market cap). Shares subject to four-month hold. Aims to conserve capital.

Guanajuato Silver Company Ltd. received Mexico’s Socially Responsible Enterprise certification for its 2024 community outreach programs. The company finalized amended terms for its Gold Credit Facility with Ocean Partners, reducing monthly payments and issuing 4,550,000 warrants. The new facility has a 7182-ounce gold balance, with two-thirds amortized over 36 months, enhancing financial flexibility for growth.

Southern Empire Resources Corp. announced a fully subscribed non-brokered private placement of 2,000,000 units at $0.05 each, raising $100,000. Each unit includes one common share and one warrant, exercisable at $0.10 per share for three years. No finders’ fees apply, and securities have a four-month resale restriction. Funds will support administrative costs for Mexican mineral properties and working capital. TSX-V approval is pending.

Defiance Silver Corp. finalized a six-year agreement for surface exploration, drilling, and engineering studies at its Tepal Gold-Copper Project in Michoacán, Mexico. The deal includes annual cash payments adjusted for inflation and US$40,000/year in common shares, capped at 1,400,000 shares. For 2025, 201,452 shares will be issued at C$0.27, pending TSX Venture Exchange approval.