Candelaria Mining Corp. resolved enforcement proceedings with Goldgroup Mining Inc. by transferring its subsidiary, Minera Apolo, which holds the Pinos Project, to Goldgroup, fully settling a defaulted loan facility. Candelaria received 716,667 Goldgroup shares and US$89,000, with another US$89,000 due by January 7, 2026. Candelaria’s listing will move to the NEX Board of the TSXV, effective July 9, 2025.
Goldgroup Mining Inc. has acquired a 100% interest in the fully permitted Pinos gold/silver project in Zacatecas, Mexico, a major mining region. The 3,816-hectare project features high-grade epithermal vein systems and open-pit potential. Historical grades reached 80 g/t gold. Goldgroup plans to update the 2018 PEA, assess economics, and expand resources through drilling. The TSX-V approved the transaction, now closed.
GR Silver Mining Ltd. granted 141,176 Deferred Share Units (DSUs) to non-executive directors for Q2 2025 director fees, valued at $6,000 per director, based on the quarter-end share price. DSUs vest after one year and can be settled in shares, cash, or both upon a director’s departure. The grants align with the Company’s Omnibus Long-Term Incentive Plan, approved in 2022 and 2024, with 2,484,532 shares issuable from outstanding DSUs and PSUs.
McEwen Mining shareholders approved the 2025 annual meeting proposals, including electing 11 directors, executive pay, auditor reappointment, and a corporate name change. Effective July 7, 2025, the company legally became McEwen Inc., with no change to its stock symbol or CUSIP, and it will trade under the new name on the NYSE and TSX.
Minaurum Gold Inc. completed a private placement, raising C$9,200,000 by selling 36,800,000 units at C$0.25 each. Each unit includes one common share and one-half warrant, exercisable at C$0.37 until July 3, 2027. Proceeds will fund exploration at the Alamos silver project, property maintenance, permitting, and general working capital. The offering, led by Cormark Securities, awaits final TSX Venture Exchange approval.
Pinnacle Silver and Gold Corp. (TSXV: PINN) changed its OTC ticker from NRGOF to PSGCF, effective July 3, 2025, to better align with its name for easier trading by shareholders and investors. Frankfurt symbol remains P9J.
Silver Storm Mining Ltd. closed the first tranche of its non-brokered private placement, raising $3,874,349.96 by selling 29,802,692 units at $0.13 each. Each unit includes one common share and one warrant exercisable at $0.20 for 36 months. Proceeds will fund mine processing equipment, La Parrilla facility rehabilitation, and general operations. The offering awaits final TSX Venture Exchange approval.
Oroco Resource Corp. announces that it has cancelled the $1,500,000 non-brokered private placement previously announced on June 17, 2025.
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