Year: 2025

Osisko Development (NYSE/TSXV:ODV) is selling its 100% interest in the San Antonio Gold Project in Sonora, Mexico to Axo Copper (TSXV:AXO). Consideration includes shares representing 9.99% of Axo, 70% of any VAT refund, up to US$4M in contingent payments (feasibility study and first pour), and anti-dilution on Axo’s first US$10M raised. Transaction closes subject to TSXV approval.

Endeavour Silver is selling its Bolañitos mine to Guanajuato Silver for up to US$50M: US$40M upfront (US$30M cash + US$10M shares) plus up to US$10M contingent on production milestones. The deal, closing January 2026, allows Endeavour to focus on Terronera and Pitarrilla while streamlining its portfolio.

Silver Tiger Metals Inc. has filed a final short form prospectus for a C$40 million bought deal public offering of common shares at $0.73 each, with an over-allotment option potentially raising up to C$46 million. Closing expected November 26, 2025.

Silver Viper Minerals Corp. (TSXV: VIPR) has upsized its non-brokered private placement due to strong demand, now offering up to 18,750,000 units at $0.80 each to raise up to $15 million (from original ~$10–12M range). Terms unchanged; closing expected around December 10, 2025, subject to TSX-V approval. (48 words)

Sailfish Royalty Corp. (TSXV:FISH) reported Q3 2025 royalty revenue of $430k (up from $212k YoY) and total revenue of $879k. Gross profit rose to $764k, with net income of $1.72M (vs. prior loss). YTD net income reached $1.83M. Key drivers: increased silver stream deliveries and higher gold prices. Post-quarter, Sailfish paid a $0.0125/share dividend and announced a new gold stream + 2% NSR on the Mt. Hamilton project in Nevada.

Heliostar Metals Q3 2025: Record 9,165 GEOs produced, 7,709 sold. Operating income $14.2M, net income $1.3M. Cash costs $1,500/GEO, AISC $1,825/GEO. Cash $34.6M, no debt. On track for 31-41k GEOs 2025 guidance with strong pipeline growth at Ana Paula.