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.
Guanajuato Silver Company Ltd. plans a record 75,000 meters of drilling in 2026 across its five Mexican mines (Bolanitos, El Cubo, Valenciana, San Ignacio, Topia) and Horcon project—45,000m exploration and 30,000m infill—up 731% from 2025. Goal: establish reserves, de-risk operations, expand resources. Permits anticipated Q2 2026.
Silver Valley Metals Corp. (TSXV: SILV, OTCQB: SVMFF) announces a non-brokered private placement of up to $2 million, issuing 16,666,667 units at $0.12 each (one common share + one warrant exercisable at $0.25 for 24 months). Insiders subscribe $504,000. Proceeds for mineral projects and working capital; subject to TSXV approval and 4-month hold period.
AXO Copper Corp. (TSXV: AXO) upsized its bought deal private placement to C$35M from C$25M due to strong demand. Underwriters will purchase 50M units at C$0.70 each (1 share + ½ warrant at C$1.00 for 18 months, accelerable if 10-day VWAP ≥ C$1.25). 15% over-allotment option for up to C$40.25M. Proceeds fund Mexican projects and working capital; closing ~Feb 19, 2026, subject to TSXV approval.
Zacatecas Silver Corp. granted 2,550,000 incentive stock options at $0.135 per share (5-year expiry) and 3,000,000 restricted share units to its officers, directors, key employees and consultants. Each RSU converts into a common share and expires in three years, with a one-year hold period before exercise.
EV Resources reported strong Q4 progress, advancing its Los Lirios antimony project in Mexico with extensive trenching, high-grade metallurgy and drill readiness for January 2026. The company secured a 150 tpd plant, delivered high-grade Nevada results, streamlined its portfolio, strengthened leadership, and ended the quarter fully funded for drilling and potential production.
Vizsla Royalties Corp. (TSXV: VROY) issued an update regarding a media-reported security incident at Vizsla Silver’s Panuco Project in Concordia, Mexico. Ten individuals were taken; the matter is under investigation with limited information available. Activities are suspended as a precaution, with safety as the top priority. Vizsla Royalties does not operate the site.
Vizsla Silver Corp. (TSX: VZLA, NYSE: VZLA) reports a security incident at its Panuco project site in Concordia, Mexico, where ten individuals were taken. The matter is under investigation with limited information available. Local authorities notified; crisis and security teams engaged. Safety is the top priority; certain site activities temporarily suspended as precaution.
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