Month: October 2025

Silver Storm Mining Ltd. signed a US$7M prepayment financing deal with Samsung C&T subsidiaries to restart the La Parrilla Silver Mine in Mexico. The 18-month facility carries a 1-Month SOFR + 4.75% interest rate, with a six-month grace period and 12-month repayment via concentrate sales deductions. Samsung secures 100% of lead-silver and zinc concentrates for two years. Funds will support mill upgrades and operations.

Vortex Metals Inc. plans to close a second tranche of a non-brokered private placement, issuing up to 2,625,000 units at $0.04 each for $105,000. Each unit includes one share and half a warrant, exercisable at $0.08 for 36 months, with an acceleration clause if shares exceed $0.15 for 10 days after 18 months. Proceeds will fund mining concessions (40%), exploration (40%), and working capital (20%). Securities have a four-month hold period, pending TSXV approval.

Zacatecas Silver Corp. granted 5,000,000 stock options to directors, officers, and consultants at $0.11 per share, exercisable for five years under its rolling stock option plan. Additionally, the company confirmed non-transferable finders’ share purchase warrants from its September 29, 2025, private placement, exercisable at $0.10 per share for two years.

Luca Mining Corp. confirmed normal operations at its Tahuehueto Gold Project in Durango, Mexico, following a PROFEPA environmental inspection. The inspection, part of routine oversight, identified a small, inactive legacy tailings area needing updated documentation. A temporary closure notice was issued for this 0.3-hectare area, but it does not impact ongoing production. Luca is developing a remediation plan while maintaining operations at Tahuehueto and Campo Morado.

Citigroup rejected Grupo Mexico’s $9.3 billion bid for its Mexican retail unit, Banamex, opting to proceed with a previously agreed deal to sell a 25% stake to Mexican billionaire Fernando Chico Pardo for $2.3 billion. Citi plans a public offering for the remaining shares, believing this maximizes shareholder value. Grupo Mexico’s shares rose over 4.5% after the announcement.

Agnico Eagle Mines Limited acquired 5,000,000 subscription receipts from Fuerte Metals Corporation’s subsidiary for C$8.25 million, increasing its stake to 8.12% (non-diluted) and 11.65% (partially-diluted) upon conversion. This strategic investment aligns with Agnico’s focus on high-potential geological projects, complementing its portfolio of growth initiatives in Canada, Australia, Finland, and Mexico.

Guanajuato Silver Company Ltd. closed a C$43.5 million “bought deal” offering of 87 million units at C$0.50 each, with each unit including one common share and half a warrant exercisable at C$0.65 until October 9, 2028. Proceeds will fund mine development, working capital, and corporate purposes. Underwriters received a C$2.595 million commission and 2.587 million broker warrants.