Day: July 18, 2025

Prismo Metals Inc. upsized and closed a non-brokered private placement, issuing 11.5 million units at $0.05 each, raising $575,000. Each unit includes one share and half a warrant, exercisable at $0.10 for 24 months. A second closing aims to raise $100,000 more. Proceeds will fund exploration at Silver King and Ripsey mines in Arizona and general corporate purposes.

Silver hit $39, its highest since 2011, with analysts predicting a rally to $40-$130 per ounce, driven by industrial and green tech demand. Magma Silver Corp. opened a Lima headquarters to advance its Niñobamba project, targeting a Q3 2025 drill program. Fortuna, Endeavour, MAG Silver, and Pan American also reported strong silver production and strategic moves.

Goldgroup Mining Inc. announced a non-brokered private placement of up to 15 million units at $0.80 each, aiming to raise $12 million. Each unit includes one common share and half a warrant, exercisable at $1.10 for 24 months. Proceeds will fund targeted acquisitions to enhance the company’s mining portfolio, focusing on assets in Mexico, though no deals are assured.

Alpayana S.A.C. criticized Sierra Metals Inc. for entering into separation agreements with five NEOs (Ernesto Balarezo, Jean Pierre Fort, Rajesh Vyas, Alberto Calle, Patricia Kosa) on May 12, 2025, triggering US$3 million in change of control payments. Alpayana claims these agreements removed the “double trigger” mechanism, were made despite liquidity issues, and were disclosed late in a June 23, 2025 Circular, filed July 8, 2025.

Minera Alamos Inc. (TSXV: MAI) announced that at its Annual General and Special Meeting on July 16, 2025, shareholders strongly supported all proposed items. All five nominated directors—Darren Koningen, Doug Ramshaw, Bruce Durham, Ruben Padilla, and Kevin Small—were elected. Bruce Durham was appointed Lead Director. A total of 233,846,881 shares (40% of outstanding) were voted.

Pacifica Silver Corp., formerly Roberto Resources Inc., completed the acquisition of the Claudia silver and gold project in Durango, Mexico, for US$10,000 cash, 10 million shares, and assumed liabilities. The 11,876-hectare project features high-grade mineralization, with 146 permitted drill sites. An 8,000-meter drill program is planned for 2025. The company rebranded to reflect its focus on precious metals.

Capitan Silver Corp. raised C$6.6M through the early exercise of 13,250,000 warrants at C$0.50 each, led by its top three shareholders—Jupiter Silver & Gold Fund, Michael Gentile, and Construplan—holding over 78% of the warrants. The company, now fully funded for 2025 with no outstanding warrants, aims to advance its Cruz de Plata Silver-Gold Project in Durango, Mexico.