Month: August 2025

EV Resources Limited signed an MOU with Wogen Resources and Xcelsior Capital for a US$2–3M debt facility to advance its Los Lirios Antimony Project in Mexico. Wogen gains exclusive offtake rights, and both partners will provide technical and market support. The non-binding MOU supports a 100-tonne-per-day processing plant, aligning with U.S. critical minerals priorities.

Torex Gold Resources Inc. completed its $26 million acquisition of Reyna Silver on August 20, 2025, following shareholder approval. The all-cash deal adds four early-stage exploration properties to Torex’s portfolio. Exploration will focus on Batopilas and Gryphon in 2025, with $1.6 million allocated, and expand to Guigui and Medicine Springs in 2026, aiming to create long-term shareholder value.

Sonoro Gold Corp. announces a non-brokered private placement of 3,500,000 units at CAD $0.15 each, raising CAD $525,000. Each unit includes one common share and one warrant, exercisable at CAD $0.22 for two years. Proceeds will fund the Cerro Caliche gold project in Sonora, Mexico, and working capital. The offering awaits TSX Venture Exchange approval.

Reyna Silver Corp. completed its acquisition by Torex Gold Resources Inc. via a court-approved plan on August 15, 2025. Shareholders received CAD $0.13 per share. Options, restricted share units, and warrants were vested, transferred, and cancelled for cash payments based on the share price minus exercise prices. Reyna Silver’s shares will delist from TSXV and OTCQB on August 21, 2025.

Tocvan Ventures Corp. appointed Christopher Gordon as Head of Corporate Development, leveraging his 18 years of mining sector experience to advance its gold and silver projects in Sonora, Mexico. Gordon’s past roles include key positions at Integra Gold and Integra Resources.

Colibri Resource Corporation congratulates its joint venture partner, Tocvan Ventures, on securing a permit for a 50,000-tonne pilot mine facility near the Pilar Gold & Silver Project in Sonora, Mexico. The facility offers a cost-effective opportunity to process a bulk sample from Pilar, which previously yielded 1.9 g/t Au with 62% recovery. High-grade drill results and near-record gold prices enhance the project’s potential.

A powerful explosion struck ArcelorMittal’s steel facility in Lazaro Cardenas, Mexico, on August 18, 2025. No injuries were reported, and the company is assessing material damages. The cause of the explosion is currently under investigation, with further details pending.

Mammoth Resources Corp. received TSX Venture Exchange approval for a $980,000 private placement, issuing 39,222,300 units at $0.025 each, including one common share and one-half warrant exercisable at $0.05 for 18 months. Jose Antonio Berlanga Lopez acquired a 19.2% stake, supporting a strategic alliance with RM Mineria to advance mineral projects in Mexico, leveraging RM’s extensive mining expertise.

United States Antimony Corporation (USAC) appoints General Jack Keane, a decorated four-star general and national security expert, as an Independent Director. Keane’s extensive military experience, including advising on the Iraq War “surge,” strengthens USAC’s board as it aims to bolster America’s antimony supply chain, critical for national security. His expertise will support USAC’s mission to reduce reliance on foreign critical minerals.