Category: Investor’s Corner

Altos Hornos de Mexico (AHMSA), a Mexican steelmaker, is considering filing a Chapter 11 bankruptcy protection in the US to avoid paying the Mexican government.

Excellon Resources Inc. is pleased to announce the appointment of Jeff Swinoga as an independent director to the Board of Directors and Chair of the Audit Committee and Jorge Ortega as Vice President Exploration. The Company also reports the departure of Ben Pullinger as Senior Vice President Geology and Corporate Development to pursue an opportunity with a West African gold producer.

In May 2021, CMC filed an application to extend the term of the EIA for an additional period of 10 years. SEMARNAT requested additional information pertaining to the application which has been provided. A decision from SEMARNAT is outstanding.

The proceeds of the Placement will be used to fund continued drill programs on the Company’s silver-gold exploration projects in Durango and Zacatecas States, Mexico, the copper-gold projects in British Columbia, Canada, and for working capital.

Carlos Silva, Santacruz’s CEO stated, “The production increase during Q3 arose mainly from the Carrizal and Monte mines as a result of development of new stopes at Lomo del Toro setting the stage for a strong year end.”

Barksdale Resources Corp. is pleased to provide an update regarding the secured loans that it holds in Regal Resources Inc.

Taj Singh, President and CEO, states: “This resource estimate represents a huge step forward in advancing Cordero for two key reasons. First, close to 90% of the contained metal is in the Measured and Indicated category.”

Xali Gold Corp. is pleased to announce that it intends to carry out a non-brokered private placement to raise gross proceeds of approximately Cdn$500,000. Approximately $250,000 of the gross proceeds of the Private Placement will be used to further our permitting and targeting for drilling programs on our gold-silver projects and approximately $250,000 will be used for working capital and general corporate purposes.

Canasil Resources Inc. announces a non-brokered private placement of up to 4,000,000 units at a price of $0.125 per Unit for total gross proceeds of up to $500,000 to fund drill programs on the Company’s silver-gold projects in Durango and Zacatecas States, Mexico.

Permitting is also progressing well and final permits are expected to be received within approximately one month. Sun River has also advised that most of the equipment required for the reprocessing operation has been procured.