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.
Mithril Silver and Gold reported strong exploration results at its Copalquin gold–silver project in Durango, confirming a large epithermal system. Drilling expanded the Target 1 resource, identified a new silver-rich Target 5, began Target 3 drilling, added the La Dura property, and ended the quarter debt-free with A$14.1 M cash.
Luca Mining (TSX-V: LUCA) reported first drill results in over 14 years from El Rey deposit at Campo Morado, Mexico: 28.6 m @ 5.35 g/t AuEq (incl. 2.8 m @ 12.55 g/t) and 21.0 m @ 6.13 g/t AuEq (incl. 2.2 m @ 25.38 g/t). High-grade zones near infrastructure suggest potential mine life extension.
Algo Grande Copper announced the appointment of Dr. Raymond Jannas to its board and confirmed details of its upcoming annual general meeting. The addition strengthens the company’s technical expertise as it advances the Adelita copper-gold-silver project in Mexico.
Masivo Silver Corp. (TSXV: MASS) announced a digital marketing services agreement with Senergy Communications Capital Inc., effective January 29, 2026, for an initial two-month term. Senergy will provide content creation, strategic messaging, paid advertising, and online visibility services for CAD$60,000 plus taxes to boost awareness of Masivo’s projects.
Oroco Resource Corp. granted incentive stock options to directors, officers and consultants to purchase up to a set number of common shares at a specified exercise price. The options are subject to regulatory approval and vesting terms, supporting retention and alignment with the company’s objectives.
Silver Spruce Resources Inc. (TSXV:SSE) appointed Paul K. Smith, P.Geo., a qualified professional geologist with global gold and base metal experience, as Vice-President of Exploration, effective immediately (January 29, 2026). This strengthens their exploration of silver and gold projects in Mexico.
Colibri Resource Corporation completed the conversion of $600,995 of debt into equity, issuing 3,848,300 units (each a share plus a warrant) to debenture holders and trade creditors. This reduces debt and strengthens the company’s balance sheet as it pursues additional capital for its Mexican gold-silver exploration projects.
Silverco Mining Ltd. announced a $40 million bought deal financing, offering 3.2 million common shares at $12.50 each, with an underwriter option for up to 480,000 additional shares. Net proceeds will support exploration, evaluation and restart work at the Cusi Project in Chihuahua, Mexico, plus general corporate and working capital.
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