Month: July 2025

Silver Storm Mining Ltd. closed the final tranche of its non-brokered private placement, raising C$129,650.04 by selling 997,308 units at $0.13 each, totaling C$4,004,000 across both tranches. 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, pending TSXV approval.

MAG Silver Corp. urges shareholders to vote by July 8, 2025, at 9:00 a.m. (Vancouver time) for the proposed arrangement with Pan American Silver Corp. The special meeting is set for July 10, 2025, in Vancouver. Voting support is recommended by MAG’s Board and proxy advisors ISS and Glass Lewis.

Almaden Minerals Ltd. and Almadex Minerals Ltd. filed a Memorial in their arbitration against Mexico under the CPTPP, claiming Mexico unlawfully expropriated their Ixtaca project, denied fair treatment, and discriminated against them. The Memorial, now public on ICSID’s website, details Mexico’s actions that led to the loss of their mineral concessions. Mexico’s jurisdictional objections are under review.

Santacruz Silver Mining Ltd. has made a third US$7.5 million payment to Glencore, advancing its plan to exercise the Acceleration Option for the Bolivian assets acquisition. Following a US$10 million initial payment and a second US$7.5 million, the remaining US$15 million of the US$40 million total is due by October 31, 2025, aiming to save US$40 million while maintaining financial discipline.

Sonoro Gold Corp., through its subsidiary Minera Mar De Plata, secured exclusive surface rights for its Cerro Caliche Gold Project in Sonora, Mexico, via a lease agreement covering 3,908 hectares, expanding to 5,007 hectares by 2028. The 25-year lease, with an initial 12.5-year term, supports the project’s development into a proposed open-pit, heap leach gold mine. Initial payments include US$1,000,000 and 5 million shares.

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.