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.
Minera Alamos submitted the final Mine Plan of Operations amendment for the Copperstone Mine, expecting approval by year-end 2025 to restart operations in 2026. Key permits are secured, with minor amendments pending. A February 2025 PEA shows strong economics, with an NPV of US$66-200M. Site development, equipment transfer, and exploration drilling are planned to enhance project value.
Defiance Silver Corp. secured a six-year surface access agreement for its Tepal Gold-Copper Project in Mexico, enabling exploration and drilling. The company restructured a 2.5% NSR royalty payment schedule and extended the final payment for the San Acacio property option to June 30, 2026, maintaining original economic terms.
Minaurum Gold Inc. is acquiring the Lone Mountain CRD project in Nevada from Nevada Zinc for $1,000,000 in shares and $100,000 cash. The project, on the Battle Mountain-Eureka Trend, has a historic inferred resource of 3,257,000 tonnes at 7.57% zinc and 0.70% lead, with potential for silver and gold at depth.
Endeavour Silver Corp. announced that shareholders approved all items at its 2025 AGM on June 3, 2025, in Vancouver, with 50.23% of shares represented. All seven director nominees were re-elected, with approval rates from 82.59% to 99.22%. Shareholders also approved setting the board at seven (98.50%) and re-appointing KPMG LLP as auditor (86.58%). Ricardo Campoy retired after 14 years on the board.
Silver Viper Minerals Corp. plans a non-brokered private placement to raise up to $3.5 million by selling 23,333,334 units at $0.15 each, with proceeds funding drilling at La Virginia and general corporate purposes. The offering, closing around June 16, 2025, awaits TSX Venture Exchange approval. Carla Hartzenberg resigned as CFO, with CEO Steve Cope interim CFO. The company engaged ICP Securities Inc. for market-making services.
Americas Gold and Silver Corporation secured a US$100 million senior secured debt facility to fund growth at the Galena Complex. The facility includes a US$50 million term loan and two US$25 million tranches. Additionally, the company entered an offtake agreement with Ocean Partners for Galena Complex concentrates and a US$11.5 million private placement at a 14% premium.
Rolando Villarreal Cereceres, a Mexican businessman, highlights Altos Hornos de México (AHMSA) as an attractive steel investment due to strong USMCA market demand. Despite its shutdown, AHMSA’s modern equipment remains valuable. He warns that delays in restarting operations increase deterioration and costs, urging a swift sale—full or partial—to capitalize on its potential.
Santacruz Silver Mining Ltd. received a temporary management cease trade order (MCTO) from the British Columbia Securities Commission due to its failure to file Q1 2025 interim financial statements by May 30, 2025. The MCTO restricts trading by the CEO and CFO until the filings are completed, expected by June 12, 2025. The general public can still trade the company’s securities.
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