Day: October 7, 2025

First Majestic Silver Corp. disposed of 37,600,000 shares of Silver Storm Mining Ltd. at CAD$0.2318 per share for CAD$8,715,680. Ownership reduced from 24.16% non-diluted (178.35M shares + 25.67M warrants) to 19.07% non-diluted (140.75M shares + warrants). Held for investment purposes.

Kootenay Resources Inc. closed a $247,450 non-brokered private placement, issuing 2,690,000 non-flow-through units at $0.05 and 2,053,636 flow-through units at $0.055. Each unit includes a share and a warrant, exercisable at $0.12-$0.15 for five years. Funds will support the Moyie Anticline Project and working capital. Securities have a resale restriction until February 6, 2025.

Silver Tiger Metals Inc. closed a bought deal offering, selling 39,962,500 shares at C$0.72 each, raising C$28,773,000. Proceeds will fund exploration and development at the El Tigre Project in Mexico and general corporate purposes. The offering was led by Stifel Nicolaus Canada Inc. and Desjardins Capital Markets, with a 6% commission, reduced for certain orders. The October 2024 PFS projects robust economics for the El Tigre open pit, with a US$222 million NPV and 40% IRR.

Southern Empire Resources Corp. announced Monumental Minerals (Fortuna Mining Corp.) completed exploration at the Centauro Gold Project, Chihuahua, Mexico, defining 56 drill pads. A 3,500m drilling program targeting precious metals at 300-400m depths starts October 2025. Southern Empire retains a 1% NSR royalty and US$975,000 in potential payments. Centauro shows epithermal/Carlin-style potential, akin to the Pedro Gold Project.

Equinox Gold Corp. reported a record Q3 2025, producing 236,470 ounces of gold, with year-to-date production at 634,428 ounces. Greenstone Mine saw a 10% increase in mining rates and 13% higher mill grades. Valentine Gold Mine poured first gold ahead of schedule on September 14, averaging 57% of nameplate capacity. The company reduced debt by US$139 million and sold Nevada assets for US$115 million.