Category: Investor’s Corner

Americas Gold and Silver Corporation announced that all director nominees listed in the May 15, 2025, proxy Circular were elected at the June 24, 2025, annual and special meeting. Voting results showed strong support, with over 98% votes for each director. Shareholders also passed resolutions to reappoint PricewaterhouseCoopers LLP as auditors, re-approve amended Deferred Share Unit, Share Unit, and Stock Option Plans, and authorize a common share consolidation.

Vortex Metals Inc. has engaged Pontones & Ledesma to lead environmental impact studies for its Zaachila and Riqueza Marina projects in Mexico, aiming to secure drill permits. The firm’s expertise will support permitting for the highly prospective VMS projects. Additionally, Vortex hired Fairfax Partners Inc. for a three-month investor outreach and communications campaign with a C$25,000 budget.

Excellon Resources Inc. acquired Minera CRC, gaining full ownership of the Mallay Silver Mine and Tres Cerros Exploration Property in Peru. The past-producing mine, with significant infrastructure, is set for rehabilitation and potential restart within months. Tres Cerros offers gold-silver exploration potential. The deal involved cash, shares, and agreements, approved by the TSX Venture Exchange.

Endeavour Silver Corp. (NYSE: EXK; TSX: EDR) has increased its senior secured debt facility from $120 million to $135 million with ING Capital LLC and Societe Generale. The funds will support commissioning the Terronera Project in Jalisco, Mexico, and general working capital. Terronera implemented zero-cost collars to manage silver price risks, protecting 968,000 ounces at $31.00-$42.00 per ounce. Commissioning is on track.

Minaurum Gold Inc. increases its private placement to C$8 million, issuing 32 million units at C$0.25 each, including one common share and half a warrant exercisable at C$0.37 for 24 months. Proceeds will fund exploration at the Alamos silver project, property maintenance, permitting, and general working capital. The offering, led by Cormark Securities, is set to close around July 3, 2025.

Torex Gold Resources Inc. will acquire Reyna Silver Corp. for US$26 million ($36 million) in cash, gaining access to prospective exploration projects in Mexico (Batopilas and Guigui) and Nevada (Gryphon Summit and Medicine Springs). The deal, supported by Reyna’s management and board, requires shareholder and regulatory approvals, with a special meeting planned for August 2025. Torex also invested $1.1 million in a private placement.

Reyna Silver Corp. has entered a definitive agreement with Torex Gold Resources Inc., allowing Torex to acquire all Reyna Silver shares for CDN$0.13 each via a court-approved plan of arrangement. The transaction, supported by Reyna’s board, requires shareholder and regulatory approvals, with a special meeting planned for August 2025. Concurrently, Torex will invest $1.1 million in a private placement.

Mako Mining Corp. has fully recovered the US$6.4 million acquisition cost for its Moss Mine in Arizona through residual leaching and a US$1.53 million bond return. Q2 2025 operations at San Albino and Moss boosted cash and receivables to US$27.4 million. A new contractor starts mining at Moss in July, with steady production by Q4 2025. Cash flow will fund exploration and the Eagle Mountain Project.

Vizsla Silver Corp. announced a bought deal offering of 33,334,000 common shares at US$3.00 each, raising approximately US$100 million. Canaccord Genuity leads the underwriting syndicate, with an option to purchase an additional 15% of shares, potentially increasing proceeds to US$115 million. The funds will advance the Panuco Project and support general corporate purposes. The offering, expected to close June 26, 2025, is subject to regulatory approvals. Offering documents will be available on SEDAR+ and EDGAR.

Chesapeake Gold Corp. announced the election of Paul West-Sells and the appointment of Jeff Stieber to its Board of Directors. West-Sells brings over 25 years of mining experience, while Stieber offers 19 years in finance and mining project management. Long-time director Chris Falck retired but will serve as an advisor. The changes were effective following the June 18, 2025, annual general meeting.