Year: 2025

Chesapeake Gold Corp. announced a $4.44M non-brokered private placement of 3.7M units at $1.20 each, with Eric Sprott as the sole subscriber. Each unit includes one share and half a warrant, exercisable at $1.65 for three years. Proceeds will advance leach technology, exploration, and working capital. The placement, subject to TSX Venture Exchange approval, involves a related party transaction.

Aura Minerals filed a Form F-1 registration statement with the U.S. SEC for a proposed public offering of its common shares in the United States and plans to list them on the Nasdaq Global Select Market under the ticker “AUGO.” The offering, meant to improve liquidity and unlock shareholder value, will begin after SEC review; share amount and price range were not yet set.

First Majestic Silver Corp. (AG) surged 15.52% with an 84.85% trading volume increase on June 5, 2025, driven by rising silver prices amid US-China trade tensions, positive Q1 2025 earnings, and the Gatos Silver merger. Strong investor confidence from Charles Schwab’s increased stake and unusual options activity further fueled the momentum.

McEwen Inc. announced construction has begun on a new ramp at the Stock Mine within its Fox Complex, marking a new growth phase. This development aims to unlock lower-cost gold production by improving access to multiple zones and increasing throughput, leveraging its nearby mill and eliminating costly haulage. The project supports near-term production expansion and long-term value creation.

Defiance Silver Corp. increased its private placement from C$8M to C$13M due to strong demand, offering 52M units at C$0.25 each, including a common share and half a warrant exercisable at C$0.35 for 24 months. A concurrent non-brokered offering aims for C$1.5M. Proceeds will fund exploration, a San Acacio resource estimate, Tepal payments, and working capital. Closing is set for June 17, 2025, pending TSXV approval.

Mammoth Resources Corp. announced a strategic alliance with RM Minerías, a Mexican mining group, to develop and restart mineral projects in Mexico, enhancing Mammoth’s Tenoriba gold-silver project. Additionally, Mammoth launched a non-brokered private placement of 30 million units at $0.025 each, aiming to raise $750,000 to advance Tenoriba, evaluate acquisitions, and support working capital.

Sierra Madre Gold and Silver Ltd. extended its US$5 million secured loan with First Majestic Silver Corp. to May 7, 2027, with no other changes. The 15% interest loan allows deferred interest payments. The extension aids potential expansion at the Guitarra mine and exploration. Sierra Madre also granted 950,000 stock options to employees and consultants at $0.69 per share.

Defiance Silver Corp. announced a private placement with Red Cloud Securities Inc. to sell up to 32 million units at C$0.25 each, aiming for C$8 million in proceeds. Each unit includes one common share and half a warrant, exercisable at C$0.35 for 24 months. An additional 8 million units may be sold under an agent’s option. Proceeds will fund exploration, resource estimates, and operations. The offering closes June 17, 2025, pending TSXV approval.