Month: October 2025

Canasil Resources Inc. (TSX-V:CLZ.H) reviews its portfolio post-TSX-V reinstatement. In BC, Amarc options 100% of Brenda Au-Cu-Ag project for $2M cash payments + $8-12M exercise price, retaining 2% NSR; adjacent to Freeport’s 70% earn-in JOY District. Mexico’s silver-gold projects (100% owned, some with NSR) poised for advancement amid improving sector outlook.

Aura Minerals launched an Incentive Program letting holders of its Brazilian Depositary Receipts (BDRs – AURA33) convert them into common shares on Nasdaq (AUGO) at a 3:1 ratio without paying Banco Bradesco’s usual fees. This offer runs Oct 6 to Nov 6, 2025, and aims to boost U.S. share trading; holders must submit requests and handle broker procedures themselves.

Minera Alamos Inc. (TSXV:MAI) completes acquisition of Equinox Gold’s Pan Gold Mine and Nevada projects for $88M cash + 96.8M shares, funded by C$135M subscription receipt offering. Appoints Jason Kosec as Chairman; Kevin Small steps down as director but remains EVP. Secures $25M gold prepay with Auramet for operations and bonding.

Guanajuato Silver upsized its bought deal public offering to C$43.5 million (from C$30 million) due to demand, issuing 87 million units at C$0.50 each (one share + half warrant exercisable at C$0.65 for 36 months). Expected close: October 9, 2025. Proceeds for mine development and working capital.

GR Silver Mining Ltd. appoints Daniel Schieber as VP of Corporate Development & Corporate Relations to strengthen shareholder ties and drive marketing strategy under CEO Marcio Fonseca. With 20+ years in mining finance, Schieber raised $350M+ and led the company’s recent recapitalization. The move bolsters Plomosas Project advancement in a robust silver market.

Southern Empire Resources Corp. will acquire a 100% interest in the 1,750-hectare Pedro Gold Project in Durango, Mexico, from Enduro Metals Corporation by issuing 2,000,000 shares and a $2,000,000 milestone payment upon commercial production. Enduro retains a 2% NSR royalty. The project features a 4,000m x 1,000m gold-in-soil anomaly, with historical drilling yielding up to 0.577 g Au/t over 15.23m. TSX-V approval is pending.

Guanajuato Silver Company announces a $30M bought deal financing with Canaccord Genuity and Red Cloud, issuing 60M units at $0.50 each (one share + half warrant at $0.65/36 months). Up to $4.5M over-allotment option. Proceeds for Mexican mine development, working capital. Closes ~Oct 9, 2025.

Empress Royalty Corp. appoints Brad Breetzke as Business Development Advisor, Africa, drawing on his mining finance expertise from Standard Bank and Anglo American. Christian Algaranaz joins as Business Development Analyst, with dual UBC degrees and CFA pursuit. These hires boost sourcing and evaluation for faster gold/silver portfolio growth.

Apollo Silver Corp. announces a non-brokered private placement of up to 5.8M units at $3.60 each, for $20.88M gross proceeds. Each unit: one share + one warrant ($5.50 exercise/24 months, with acceleration if shares hit $7.50 for 10 days). Proceeds advance Calico and Cinco de Mayo projects, maintenance, and corporate purposes. TSXV approval required.