Prismo Metals Inc. announced an upsized closing of its non-brokered private placement, issuing 6,425,000 units at $0.06 each, raising $385,500. Total proceeds reached $1,077,500 to fund exploration at the Silver King and Ripsey projects in Arizona, including a 1,000-meter drill program. The company also settled a $82,500 debt by issuing 1,375,000 shares.
Guanajuato Silver Company Ltd. announces a non-brokered private placement of units at $0.30 each, aiming to raise $15M-$18M. Each unit includes one common share and half a warrant, exercisable at $0.45 for 36 months. Proceeds will fund equipment, facility upgrades, exploration, and administrative expenses. The offering, closing around August 18, 2025, is subject to regulatory approvals.
Capstone Copper Corp. has sanctioned the Mantoverde Optimized (MV-O) project, a $176 million brownfield expansion to increase the sulphide concentrator throughput from 32,000 to 45,000 tpd. This will boost copper production by 20,000 tonnes and gold by 6,000 ounces annually, extending the mine life to 25 years. Construction starts now, with completion expected by Q4 2026.
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