Month: November 2025

Silver Tiger Metals Inc. (TSXV:SLVR) closed a C$40M bought deal financing, issuing 54.8M common shares at C$0.73 each. Proceeds will advance exploration and development at the 100%-owned El Tigre silver-gold project in Sonora, Mexico, and support working capital. Underwriters led by BMO and Stifel received a 5.5% commission.

Avino Silver & Gold Mines Ltd. (TSX:ASM, NYSE:ASM) filed a prospectus supplement to increase its at-the-market (ATM) equity offering in the U.S. to US$60 million (from previous limit). Shares will be sold periodically through agents at prevailing market prices, providing flexible capital access. No obligation to sell; conditional TSX approval received.

Santacruz Silver (TSXV: SCZ) shareholders approved all matters at the Nov 25, 2025 AGM, including director elections, board change (Bruce Wolfson replaces Roland Löhner), and share consolidation to meet Nasdaq’s US$4 minimum bid price for proposed U.S. listing. Consolidation ratio and effective date to be announced.

Apollo Silver Corp. (TSX.V: APGO) engaged Equedia Network for 3-month marketing and communications services at a one-time fee of US$350,000. Equedia, an arm’s-length provider, currently holds 6,000 Apollo shares and may buy more. No shares or options issued as compensation. Engagement pending TSXV approval.

Kenadyr Metals Corp. (TSXV: KEN.H) appoints Enrico Gay as CEO (to be renamed Algo Grande Copper Corp.) as it completes the 100% acquisition of the district-scale Adelita copper-gold-silver project in Sonora, Mexico. Timothy McCutcheon steps down as CEO but remains a director. All documents submitted; awaiting TSXV approval for reactivation and name change.

Silver Wolf Exploration Ltd. closed a C$2.125M non-brokered private placement, issuing 14,166,665 units at C$0.15 each (1 share + ½ warrant exercisable at C$0.25 for 36 months). Proceeds will fund a 3,000m drill program at the Ana Maria property in Mexico and working capital. Avino Silver acquired 5M units, increasing its stake to ~11.65% (16.5% diluted). TSX-V final approval pending.

Pinnacle Silver and Gold Corp. (TSXV: PINN) is arranging a non-brokered private placement of up to 18M units at $0.14 each to raise up to $2.52M. Each unit includes one share and one-half warrant (exercisable at $0.20 for 24 months). Proceeds will advance the El Potrero gold-silver project in Mexico and support working capital. Expected close: Dec 19, 2025.

Orogen Royalties reported Q3 2025 net income before tax of $1.32M (up from $0.25M YoY), royalty revenue of $2.3M (+9%), operating cash flow of $3.2M, and working capital of $21.64M. The company remains debt-free.

Vizsla Silver Corp. closed a US$300M 5% convertible senior notes offering due 2031, raising ~US$286M net proceeds. Notes convert at ~US$5.84/share (25% premium), with capped calls to reduce dilution. Funds strengthen balance sheet (~2x Panuco capex), cut financing costs vs. traditional debt, and provide full flexibility for development, exploration, and shareholder-friendly actions.