Infinitum Copper Corp. (TSXV: INFI) will sell its Mexican subsidiary, holding an 80% interest in the Cerro Grande copper-gold-silver property in Sonora, Mexico, to Kenadyr Metals Corp. for $100,000 cash and 1,842,719 Kenadyr shares. Infinitum also delisted from the OTCQB to reduce costs, remaining on the TSXV. The deal awaits TSXV and shareholder approval.
Fresnillo plc’s 2024 Report on Payments to Governments, mandated by UK Regulations, details payments from extractive activities. Total payments reached $79.4 million, with $77.4 million to Mexico, $1.5 million to Peru, and $0.5 million to Chile. Payments included taxes ($29.1 million), royalties ($0.8 million), and licenses/concessions ($49.5 million), reported in USD, with no production entitlements, dividends, bonuses, or infrastructure payments.
The Mining Development Trust (FIFOMI), under the Ministry of Economy, aims to become a key development bank, collaborating with AIMMGM to promote sustainable, socially responsible mining. A signed agreement focuses on training for small- and medium-scale mining, emphasizing industry-academia links and dual education. This marks the first mining-government education event in six years, integrating mining with innovation.
MAG Silver Corp. released its 2024 Sustainability Report, emphasizing its commitment to ESG priorities. Highlights include a three-year decline in safety incident rates at Juanicipio, over 102,000 hours of safety training, zero significant environmental incidents, and a human rights due diligence tool. The report, supported by a Climate Action Statement and ESG Data Table, is available on MAG’s website.
Silver Viper Minerals Corp. announced an additional $2 million non-brokered private placement, issuing up to 6,666,667 units at $0.30 each, alongside a previously announced $3.5 million offering, targeting total proceeds of $6 million. Each unit includes one share and one-half warrant, exercisable at $0.50 for 24 months. Proceeds will fund drilling at La Virginia and general corporate purposes. The offering, subject to TSX Venture Exchange approval, is expected to close in tranches starting June 25, 2025, with a 12-month trading restriction on units.
Mexico has launched a new mining policy to reduce reliance on foreign strategic minerals and boost the national economy, announced Economy Secretary Marcelo Ebrard. Following President Sheinbaum’s directives, the strategy aims to ensure sovereignty in technology, energy, and automotive sectors through responsible resource use, with plans for incentives, export regulations, and public-private partnerships.
Kootenay Silver Inc. announces a $12,001,500 bought deal offering of 11,430,000 units at $1.05 each, with Research Capital Corporation leading the underwriters. Each unit includes one common share and half a warrant, exercisable at $1.58 for 36 months. Proceeds will advance the Columba Silver Project and support general corporate purposes. Closing is expected around June 25, 2025, pending regulatory approvals.
Colibri Resource Corporation’s AGM on June 13, 2025, saw 9,451,871 shares (8.19% of total) represented. Shareholders overwhelmingly approved all resolutions, including electing six directors (99.88% for each), appointing Kreston GTA LLP as auditors, and re-approving the stock option plan. Colibri continues to advance its gold exploration in Sonora, Mexico, focusing on the Pilar and EP Gold Projects.
Minaurum Gold Inc. appointed Ruben Molina as Senior Project Manager for the Alamos Silver Project in Mexico. Molina, with a proven track record in silver exploration, previously worked at SilverCrest Metals’ Las Chispas deposit, acquired for $1.7 billion. Three additional seasoned geologists will be joining who previously worked alongside him at SilverCrest Metals, including in the capacities as; Chief Geologist, Senior Geologist – Prospecting, and Resource Modeling Geologist.
Oroco Resource Corp. announced a non-brokered private placement of up to 5,000,000 units at C$0.30 each, aiming to raise C$1,500,000. Each unit includes one common share and one warrant exercisable at C$0.45 for 36 months. Proceeds will advance the Santo Tomás Project in Mexico and support general corporate purposes. The offering awaits TSX-V approval, with securities subject to a four-month-plus-one-day hold period.
Mexico Mining Center © 2021 / All Rights Reserved
