Canuc Resources Corporation (TSXV: CDA) appoints Kevin Olson, a seasoned oil and gas industry expert, to its Board of Directors. Olson’s extensive experience and network will support Canuc’s expansion in West Texas natural gas assets. The company also announces Paul Davis’s resignation from the Board, thanking him for his service. Canuc focuses on resource development and cash flow generation.
Riverside Resources Inc. and Blue Jay Gold Corp. completed a plan of arrangement on May 22, 2025, spinning out Blue Jay shares to Riverside shareholders. Each Riverside shareholder received one new Riverside share and 1/5th of a Blue Jay share per Riverside share held. Blue Jay, focused on gold exploration in Canada, will apply for TSXV listing, aiming to unlock value through its high-grade projects.
Kootenay Silver Inc. is finalizing the maiden Mineral Resource Estimate for its Columba High Grade Silver Project in Chihuahua, Mexico, based on 211 drill holes totaling over 53,000 meters. The estimate, covering four main vein trends, is expected soon, with a follow-up 20,000–30,000-meter drilling program planned. Columba’s high-grade silver system remains open for further exploration.
Hecla Mining Company (NYSE:HL) has appointed Dean Gehring to its Board of Directors, effective May 22, 2025. Gehring, with 34 years of mining industry experience, including executive roles at Newmont and Rio Tinto Minerals, brings technological expertise. A former intern at Hecla’s Lucky Friday mine, he holds degrees from the University of Idaho and the University of Aberdeen.
Questcorp Mining Inc. issued 6,285,722 common shares (9.9% of outstanding shares) and paid $25,000 CAD to Riverside Resources Inc., per an option agreement dated May 5, 2025, for the La Union Project in Sonora, Mexico. This 2,520.2-hectare carbonate replacement deposit shows high-grade polymetallic mineralization. Riverside is planning geophysical surveys to enhance drill targets.
Riverside Resources Inc. (TSXV: RRI) announced that Questcorp Mining Inc. has issued 6,285,722 shares (9.9% of Questcorp) and paid $25,000 CAD as part of an option agreement for the Union Project in Sonora, Mexico. Riverside, as operator, is advancing pre-drilling work, including geophysical surveys and contractor selection, to refine drill targets in the prospective gold-silver-lead-zinc-copper CRD system.
S&P Global Ratings revised Fresnillo plc’s outlook to stable from negative, affirming its ‘BBB’ ratings, mirroring the action on parent company Peñoles. Fresnillo’s strong profitability, low leverage, and robust cash generation support the stable outlook. Expected to maintain debt-to-EBITDA below 1.0x, Fresnillo’s growth prospects include gold-focused projects, boosting production by 2028–2030.
Silver Storm Mining Ltd. announced a private placement to raise up to C$6,006,000 by selling 46,200,000 units at C$0.13 each, with an option for an additional C$2,002,000. Each unit includes one common share and one warrant exercisable at C$0.20 for 36 months. Proceeds will fund La Parrilla processing facility rehabilitation, long-lead items, operations, and general corporate purposes. The offering, led by Red Cloud Securities, is set to close around June 5, 2025, pending TSXV approval.
Diputado Mario Zamora visited the Santo Tomás mining project in Choix, Sinaloa, with state, municipal, and Oroco Resource Corp. officials, confirming progress on this major copper project. With SEMARNAT permits secured, operations are set for August 2025, backed by a $1.49 billion investment. Zamora reaffirmed commitments to community infrastructure, like a water treatment plant, and regional economic growth.
Empress Royalty Corp. appoints Mark N.J. Ashcroft, P.Eng., as Business Development Advisor, North America, to drive portfolio growth. With over 30 years in mining and finance, Ashcroft’s expertise will help identify high-quality gold and silver investment opportunities. This move aligns with Empress’ strategy to expand its diversified royalty and streaming portfolio through regional expertise and strategic partnerships.
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