Category: Investor’s Corner

Silver Wolf Exploration Ltd. closed a C$2.125M non-brokered private placement, issuing 14,166,665 units at C$0.15 each (1 share + ½ warrant exercisable at C$0.25 for 36 months). Proceeds will fund a 3,000m drill program at the Ana Maria property in Mexico and working capital. Avino Silver acquired 5M units, increasing its stake to ~11.65% (16.5% diluted). TSX-V final approval pending.

Pinnacle Silver and Gold Corp. (TSXV: PINN) is arranging a non-brokered private placement of up to 18M units at $0.14 each to raise up to $2.52M. Each unit includes one share and one-half warrant (exercisable at $0.20 for 24 months). Proceeds will advance the El Potrero gold-silver project in Mexico and support working capital. Expected close: Dec 19, 2025.

Orogen Royalties reported Q3 2025 net income before tax of $1.32M (up from $0.25M YoY), royalty revenue of $2.3M (+9%), operating cash flow of $3.2M, and working capital of $21.64M. The company remains debt-free.

Vizsla Silver Corp. closed a US$300M 5% convertible senior notes offering due 2031, raising ~US$286M net proceeds. Notes convert at ~US$5.84/share (25% premium), with capped calls to reduce dilution. Funds strengthen balance sheet (~2x Panuco capex), cut financing costs vs. traditional debt, and provide full flexibility for development, exploration, and shareholder-friendly actions.

GoGold Resources Inc. filed a final short form prospectus dated November 24, 2025 for its C$125 million bought deal public offering of 47,170,000 units at C$2.65 each, led by BMO Capital Markets. Each unit includes one common share and half a warrant exercisable at C$3.50 for three years. Closing is expected around November 27, 2025.

Silver Viper Minerals (TSXV:VIPR) has upsized its non-brokered private placement for the second time due to strong institutional demand, increasing the offering from C$15M to C$17M through the issuance of 21,250,000 units at C$0.80 each. Each unit consists of one common share and one 24-month warrant exercisable at C$1.20. Closing remains on track for around December 10, 2025, subject to TSXV approval.

Kingsmen Resources Ltd. (TSXV:KNG) closed its non-brokered private placement, raising $4.15 million by issuing 3,075,000 units at $1.35 each. Each unit includes one common share and one-half warrant (exercisable at $1.90 for two years). Proceeds will advance the Las Coloradas silver-gold project in Mexico and support working capital.

Osisko Development (NYSE/TSXV:ODV) is selling its 100% interest in the San Antonio Gold Project in Sonora, Mexico to Axo Copper (TSXV:AXO). Consideration includes shares representing 9.99% of Axo, 70% of any VAT refund, up to US$4M in contingent payments (feasibility study and first pour), and anti-dilution on Axo’s first US$10M raised. Transaction closes subject to TSXV approval.

Endeavour Silver is selling its Bolañitos mine to Guanajuato Silver for up to US$50M: US$40M upfront (US$30M cash + US$10M shares) plus up to US$10M contingent on production milestones. The deal, closing January 2026, allows Endeavour to focus on Terronera and Pitarrilla while streamlining its portfolio.

Silver Tiger Metals Inc. has filed a final short form prospectus for a C$40 million bought deal public offering of common shares at $0.73 each, with an over-allotment option potentially raising up to C$46 million. Closing expected November 26, 2025.