Starcore International Mines Ltd. (TSX: SAM) closed the spin-out of its Côte d’Ivoire African mineral properties to subsidiary EU Gold Mining Inc. via Plan of Arrangement, effective February 6, 2026. Shareholders receive 1 EU Gold share per 2 Starcore shares as return of capital (distributed March 5, 2026; no fractionals/cash). EU Gold assumes liabilities; Starcore focuses on Mexican assets.
Apollo Silver Corp. (TSXV: APGO, OTCQB: APGOF) was accepted into the U.S. Defense Industrial Base Consortium (DIBC) on February 2, 2026. This DoD-supported group enables collaboration on critical minerals supply chains, including silver, zinc, and barite from its Calico Project, aligning with U.S. national security priorities post-silver’s USGS critical designation.
EV Resources commenced its maiden diamond drilling at the Los Lirios antimony project in Oaxaca, Mexico, with a 1,500–2,000 m program targeting high-priority zones toward a maiden resource. Surface samples returned up to 29% Sb. The company is fully funded and refining assay methods for high-grade antimony.
Empress Royalty Corp. granted 250,000 restricted share units (RSUs) to newly appointed director Daniel Burns under its Equity Incentive Plan at a deemed price of C$1.09 per unit. The RSUs will vest in equal installments over two years, with the first tranche vesting one year from the grant date, and each vested RSU converts into one common share.
Masivo Silver Corp. (TSXV: MASS) is mobilizing crews and heavy equipment at its Cerro Colorado silver-gold project in Sonora, Mexico, for Phase I drilling. With environmental approvals secured, activities include rehabilitating access routes, building drill pads, and preparing high-priority targets. CEO David Coburn calls it a potential “company-making” moment for transformational discovery.
Mexican Gold Mining Corp. (TSXV: MEX) granted 3,650,000 stock options to directors, officers, and consultants on January 30, 2026, exercisable at $0.16 per share until January 30, 2031. Options vest immediately, pending TSXV acceptance and subject to a four-month hold period.
New Gold received final court approval for its plan of arrangement with Coeur Mining, clearing a key regulatory step in the acquisition. The transaction is now on track to close, subject to remaining conditions, creating a combined precious metals producer with enhanced scale and diversification.
Questcorp Mining clarified that its $2.1 M private placement is linked to a $2 M share-price sharing agreement with Sorbie Bornholm LP. The company received $85,000 upfront, with the balance payable over 24 monthly tranches tied to share performance. Payments may be higher or lower than $2 M and are not escrowed.
Silverco Mining Ltd. upsized its bought deal financing from $40 M to $62.5 M, with Eric Sprott committing $10 M. The deal includes 4 M common shares at $12.50 and 1 M units (each a share plus a warrant at $18.00, 18-month expiry). Proceeds will fund exploration and restart work at the Cusi Project and general corporate needs.
Sierra Madre Gold & Silver closed the second and final tranche of its brokered $57.5 million subscription receipt offering, issuing 13,709,576 subscription receipts at $1.30 each and raising the remaining funds toward the total financing.
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