Category: Investor’s Corner

Colibri Resource Corporation announces a non-brokered private placement, pursuant to which the Company intends to raise gross proceeds of up to $1,200,000 through the issuance of up to 8,000,000 Units at a price of $0.15 per Unit. Each unit consists of one common share and one warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 per share for a period of 24 months following closing. Closing may take place in two or more tranches.

Monarca Minerals Inc. is pleased to report that it has appointed Carlos Espinosa as President and Michael Smith as Executive Vice President, Exploration of the Company. Allan Folk remains as Interim Chief Executive Officer.

En 2016, a nivel nacional México produjo 766 mil toneladas de cobre contra las 594 mil toneladas producidas en 2015; un incremento de 28.9%. Este importante incremento se debió a la consolidación de las operaciones de la Planta Concentradora II y la Planta ESDE III de Buenavista del Cobre, pertenecientes a Grupo México. Sumando la obtención de concentrados y cátodos de cobre, Buenavista produjo 447,418 toneladas, 57.2% más que en 2015, mientras que la Mina Caridad produjo 133,256 toneladas, 1.7% más que en 2015.

Maverix’s President & CEO, Mr. Dan O’Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenue and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning.” Mr. O’Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company.”

“At Rosario, production quarter over quarter has seen improvements as we transition from mineralized material from development to actual producing stopes at the Membrillo and Cinco Estrellas mines. In addition to this, the Veta Grande mine development has now reached Level 6, and mill recoveries have improved aiming to reach the targeted levels for silver during Q4” stated Arturo Préstamo, CEO of Santacruz adding, “The addition of Membrillo and Cinco Estrellas as feeders to the Rosario Mill has increased the gold content within our Rosario produced concentrates, while higher silver grade areas are now being accessed as the main Membrillo vein starts contributing to Rosario’s mill feed.”

Bacanora, the London and Canadian listed (AIM: BCN, TSXV: BCN) lithium exploration and development company, is pleased to provide an update on its flagship Sonora Project (‘Sonora’) in Mexico, one of the world’s larger lithium resources, where the Feasibility Study (‘FS’) for a 35,000 tpa lithium carbonate (Li2CO3 ) operation is scheduled for completion in late 2017. Li2CO3 is a key component of battery technology used in rapidly-growing industries such as electric vehicles and energy storage. Bacanora is focused on its con)nuing objective of becoming a significant large scale supplier to these emerging industries and is targeting first production at Sonora in 2019/2020.

“We are proud to have Salvador join our management team as Chief Operating Officer,” said Robert Eadie, President & CEO of Starcore. “He has distinguished himself in Mexico’s mining industry, and with his vast experience in operating mining projects and his work with major mining companies, he adds a depth to our management that will help us propel Starcore to a new level of asset building and growth.”

Fred Davidson, President and CEO, stated, “We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50. During the first half of the year, IMPACT invested heavily in upgrading and repairing its capital equipment while also trying to improve its throughput to partially compensate for weaker silver prices. IMPACT is also actively expanding its in-mine exploration and development to provide additional tonnage throughput at the mill. We hope that these efforts will translate into better financial and operating performance in the latter half of the year. We look forward to our ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders.”

Monarca Minerals Inc. is pleased to provide an update on the Company’s recent activities. The last 12 months have been productive for Monarca Minerals Inc. With the closing of our first equity financing in over 4 years and by satisfying $463,058 of outstanding through the issuance of shares, we have improved our Balance Sheet. We presently have $1.3 million in cash and cash burn rate of approximately $50,000 per month.

Murray John, Chairman of the Company, stated: “Mr. Parr’s business experience and in-depth financial, project finance and regulatory knowledge are a great complement to the Mexican operating experience and technical and capital market strengths of our existing Board members. Mr. Parr’s appointment completes the currently planned Board changes.”