Almaden Minerals Ltd. and Almadex Minerals Ltd. filed a Memorial in their arbitration against Mexico under the CPTPP, claiming Mexico unlawfully expropriated their Ixtaca project, denied fair treatment, and discriminated against them. The Memorial, now public on ICSID’s website, details Mexico’s actions that led to the loss of their mineral concessions. Mexico’s jurisdictional objections are under review.
Santacruz Silver Mining Ltd. has made a third US$7.5 million payment to Glencore, advancing its plan to exercise the Acceleration Option for the Bolivian assets acquisition. Following a US$10 million initial payment and a second US$7.5 million, the remaining US$15 million of the US$40 million total is due by October 31, 2025, aiming to save US$40 million while maintaining financial discipline.
Sonoro Gold Corp., through its subsidiary Minera Mar De Plata, secured exclusive surface rights for its Cerro Caliche Gold Project in Sonora, Mexico, via a lease agreement covering 3,908 hectares, expanding to 5,007 hectares by 2028. The 25-year lease, with an initial 12.5-year term, supports the project’s development into a proposed open-pit, heap leach gold mine. Initial payments include US$1,000,000 and 5 million shares.
Candelaria Mining Corp. resolved enforcement proceedings with Goldgroup Mining Inc. by transferring its subsidiary, Minera Apolo, which holds the Pinos Project, to Goldgroup, fully settling a defaulted loan facility. Candelaria received 716,667 Goldgroup shares and US$89,000, with another US$89,000 due by January 7, 2026. Candelaria’s listing will move to the NEX Board of the TSXV, effective July 9, 2025.
Goldgroup Mining Inc. has acquired a 100% interest in the fully permitted Pinos gold/silver project in Zacatecas, Mexico, a major mining region. The 3,816-hectare project features high-grade epithermal vein systems and open-pit potential. Historical grades reached 80 g/t gold. Goldgroup plans to update the 2018 PEA, assess economics, and expand resources through drilling. The TSX-V approved the transaction, now closed.
GR Silver Mining Ltd. granted 141,176 Deferred Share Units (DSUs) to non-executive directors for Q2 2025 director fees, valued at $6,000 per director, based on the quarter-end share price. DSUs vest after one year and can be settled in shares, cash, or both upon a director’s departure. The grants align with the Company’s Omnibus Long-Term Incentive Plan, approved in 2022 and 2024, with 2,484,532 shares issuable from outstanding DSUs and PSUs.
Minaurum Gold Inc. completed a private placement, raising C$9,200,000 by selling 36,800,000 units at C$0.25 each. Each unit includes one common share and one-half warrant, exercisable at C$0.37 until July 3, 2027. Proceeds will fund exploration at the Alamos silver project, property maintenance, permitting, and general working capital. The offering, led by Cormark Securities, awaits final TSX Venture Exchange approval.
Silver Storm Mining Ltd. closed the first tranche of its non-brokered private placement, raising $3,874,349.96 by selling 29,802,692 units at $0.13 each. Each unit includes one common share and one warrant exercisable at $0.20 for 36 months. Proceeds will fund mine processing equipment, La Parrilla facility rehabilitation, and general operations. The offering awaits final TSX Venture Exchange approval.
Oroco Resource Corp. announces that it has cancelled the $1,500,000 non-brokered private placement previously announced on June 17, 2025.
Oroco Resource Corp. has engaged Whittle Consulting Ltd. to conduct a Strategic Option Study for its Santo Tomás porphyry copper project in Mexico. The study will optimize operations using advanced modeling, focusing on power sources, fleet electrification, processing, and tailings. Leveraging the 2024 PEA and existing data, it will guide the upcoming Pre-Feasibility Study. Whittle’s fee includes 60% in Oroco shares, pending TSX-V approval.
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