AXO Copper Corp. (TSXV: AXO) announced a $25M bought deal private placement of 35,715,000 units at C$0.70 each (one common share + ½ warrant). Warrants exercisable at C$1.00 for 18 months (accelerable if VWAP ≥ C$1.25 for 10 days). 15% over-allotment option. Proceeds fund La Huerta and San Antonio projects plus working capital. Closing ~Feb 19, 2026, subject to TSXV approval.
Apollo Silver Corp. closed the final tranche of its $27.5M private placement on Jan 28, 2026, raising $12.5M from Jupiter Asset Management ($5.00/unit). Total proceeds: $27.5M to advance Calico Project and corporate purposes.
Minaurum Silver Inc. (TSXV: MGG, OTCQX: MMRGF) announced an initial Inferred Mineral Resource Estimate at its 100%-owned Alamos Silver Project in Sonora, Mexico: 5.37 Mt grading 320 g/t AgEq (202 g/t Ag, plus Au, Cu, Pb, Zn), containing 55.2 Moz AgEq. Based on 104 drill holes across three vein zones; resource remains open with ongoing Phase II drilling. Effective January 8, 2026.
Regency Silver reports that a second drill hole at its Dios Padre project in Sonora, Mexico intersected broad zones of sulphide-specularite breccia, supporting its geological model. This follows earlier holes showing similar mineralized breccias, and further drilling is underway to delineate the extent of the system.
Minera Alamos Inc. (TSXV: MAI, OTCQX: MAIFD) announced a subsidiary of Equinox Gold Corp. sold 9,680,281 common shares to strategic investors, including EVP Darren Blasutti, at C$5.80 per share for C$56.1M gross proceeds to the seller. Blasutti acquired 517,242 shares for C$3M. Shares originated from the Pan Operating Complex acquisition in Nevada. Closing expected early February 2026.
Mercado Minerals Ltd. (CSE: MERC) started geophysical surveys at Copalito Project, Sinaloa, Mexico: high-resolution drone magnetic survey (1,885 ha, 50m lines) to map veins/drill targets, followed by drone LiDAR survey (1,867 ha) for detailed topography. Magnetic survey underway; LiDAR begins early February.
Colibri Resource finished its Phase 1 reverse circulation drilling at the San Perfecto and Banco de Oro targets within the El Plomo (EP) Gold Project in Sonora, Mexico. Initial assay results from pre-holiday holes have been received, with follow-up “shoulder” sampling in progress and remaining samples being prepared for lab analysis.
Fresnillo plc’s 4Q25 Production Report (28 Jan 2026): Q4 silver output 12.2 moz (+5.9% QoQ, -8% YoY); full-year 48.7 moz (down 13.5% YoY, met guidance). Gold Q4 135.3 koz (down YoY); full-year 600.3 koz (beat guidance). 2026 silver and gold guidance reduced due to mine plan changes and lower grades.
Osisko Development Corp. (NYSE: ODV, TSXV: ODV) completed the sale of its San Antonio gold project in Sonora, Mexico, to Axo Copper Corp. on January 27, 2026. Received 15,325,841 Axo shares (9.99% stake) plus contingent payments (VAT refund, US$2M on feasibility study, US$2M on first gold pour) and anti-dilution rights.
Axo Copper Corp. (TSXV: AXO) completed the acquisition of the San Antonio gold project in Sonora, Mexico, from Osisko Development Corp. on January 27, 2026, by acquiring 100% of Sapuchi Minera. Consideration included issuing ~15.3M shares to Osisko (9.99% stake) and ~7.7M to OR Royalties, plus contingent payments. This advances Axo toward development with resource growth potential.
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