Capitan Silver Corp. announced high-grade assay results from its 2025 drill program at the Cruz de Plata project in Durango, Mexico. Hole 25-ERRC-12 yielded 2,636 g/t Ag over 1.5 m, extending the Jesús María zone 150 m east. A new high-grade zone was discovered north of Jesús María, with ongoing drilling to explore further potential.
Apollo Silver Corp. announced it will consolidate its common shares on a 5-for-1 basis, meaning every five existing shares become one new share. This will reduce outstanding shares from about 242.6 M to roughly 48.5 M, with proportionate adjustments to options and warrants. No fractional shares will be issued. The move aims to improve the share price environment and investor interest.
IMPACT Silver agreed to a bought-deal private placement with Red Cloud and Research Capital to sell 22,222,222 units at C$0.36 each for ~C$8 million gross. Each unit includes one share plus a warrant exercisable at C$0.45 for 24 months. Proceeds will fund underground development, processing expansion, drilling, and general corporate purposes. Closing is subject to regulatory approval.
Heliostar Metals Ltd. reported Q2 2025 results (ended June 30): 7,396 GEOs produced, 8,556 sold; cash costs $1,413/GEO, AISC $1,541/GEO. Mine earnings $14.3M, cash $29.7M, no debt. On track for 2025 guidance of 31,000-41,000 GEOs sold. CEO noted strong 51% margins and growth plans.
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