Quetzal Copper Corp. closed a financing on February 28, 2025, raising $2,437,499 by issuing 11.47M flow-through units at $0.17 and 3.25M non-flow-through units at $0.15. Units include half-warrants ($0.25 exercise, 24 months). Proceeds fund exploration at Princeton and Dot projects in BC.
Canasil Resources Inc. is pleased to announce that Gary Nordin has agreed to join the Company’s Board and David Cross has agreed to act as CFO. Alvin Jackson will continue as a Director, Bahman Yamini will continue as a Director and President & CEO, and Graham Scott will continue as Corporate Secretary. Previous Directors Michael McInnis and Arthur Freeze, and previous CFO Kerry Spong are no longer with the Company.
“We are excited to welcome both Lance and Rod to our Board,” comments Gil Clausen, Plata Latina’s Chair of the Board. “Lance’s extensive technical experience, particularly in due diligence and corporate development, will be invaluable as we actively evaluate strategic opportunities. Our Board is further complemented by Rod’s vast mining experience around the world, particularly in the U.S.A. We value the deep knowledge and relationships he has in the U.S. mining industry. Rod’s expertise will also play a key role as we seek to grow the Company.”
Chairman and CEO, James Anderson said, “We have identified a greater than two-metre wide mining block at Santo Nino consisting of significant tonnage and grade. Further exploration potential west of this new production area is highly prospective and will remain at the forefront of our exploration campaigns throughout 2025.”
Canasil Resources Inc. (Feb 28, 2025) appointed Gary Nordin as Director (experienced geologist, former VP Exploration) and David Cross (CPA, CGA with 28+ years in junior mining finance) as CFO. Previous directors Michael McInnis and Arthur Freeze, and CFO Kerry Spong departed. Company remains under cease trade order.
“We are excited about the acquisition of the Sarape Project, which has potential to be very similar to SilverCrest’s Las Chispas deposit and other robust deposits in Mexico and offers asymmetric upside potential for the discovery of silver and gold mineralization at depth,” stated Joanne Freeze, CEO of Xali Gold.
Heliostar Metals Ltd. reported Q4 2024 results post-acquisition of Mexican gold assets: produced 5,429 oz gold, cash costs US$1,241/GEO, AISC US$1,477/GEO. Generated C$9.5M cash flow, repaid debt, recognized C$90.5M gain. Restarted mining at La Colorada; high-grade drilling at Ana Paula. 2025 guidance: 31,000–41,000 GEOs.
Defiance Silver Corp. (Feb 28, 2025) engaged Capital Analytica for investor relations ($120K/6 months, starting Mar 1; TSXV approval pending). Granted 2.89M stock options, DSUs, PSUs, RSUs to directors/employees. Issued 33,448 shares to settle $7,980 debt for prior services.
“I am delighted to announce Empress achieved record revenue of US$8M in 2024,” stated Alexandra Woodyer Sherron, CEO of Empress Royalty.
Richard Simpson, Vice President Exploration of Mammoth Resources commented on the small-scale gold production opportunity, stating: “When we learned of the 200 tonne per day mill being built only 16 kilometres from Tenoriba, we immediately began thinking there might be an opportunity to process some surface and shallow depth gold-silver mineralized material from Tenoriba at this facility.”
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