Category: Investor’s Corner

United States Antimony Corporation (USAC) announced a major expansion of its Thompson Falls, Montana smelter, the only operating antimony smelter in the U.S. USAC contracted WSP USA Inc. for engineering and construction to increase production capacity sixfold to over 300 tons per month by the end of 2025, with a budget under $15 million. The project, complemented by the recent Madero Smelter startup in Mexico, aims to reach 500 tons monthly, enhancing U.S. supply chain security without disrupting current operations.

Fortune Bay Corp. plans to advance its 100 %-owned gold projects: the Goldfields Project in Saskatchewan, Canada, with an updated PEA and permitting to pave the way toward future prefeasibility work, and the Ixhuatán Project in Chiapas, Mexico (to be renamed Poma Rosa), focusing on community engagement, resource review, and preparation for updated NI 43-101 estimates and renewed exploration.

Fortuna Mining Corp. received Toronto Stock Exchange approval to renew its normal course issuer bid, allowing repurchase of up to 15,347,999 common shares (5% of outstanding shares) from May 2, 2025, to May 1, 2026, or until the limit is reached. Shares will be bought at market prices and canceled, reflecting Fortuna’s belief that its shares are undervalued.

Fortune Bay Corp. plans to advance its Goldfields Project in Saskatchewan with an Updated PEA by Q3 2025 and initiate permitting activities. The Ixhuatán Project in Mexico, renamed Poma Rosa, will see community consultations and exploration restart in late 2025. A resource review aims to update the historical mineral resource estimate, enhancing value for both projects.

GR Silver Mining temporarily paused field work at its Plomosas Silver Project in Sinaloa, Mexico, despite no violence or direct threats, to allow Mexican government efforts to improve regional security and stability. During the pause, the team continues office-based data modelling; the drilling program will resume when management deems it safe to do so.

Orogen Royalties Inc. reported record 2024 revenue of $7.9 million, up 34%, and net income of $4.3 million, up 126% from 2023. Royalty revenue rose due to higher gold prices and Ermitaño Mine output. Prospect generation income fell 54%. The company, with $26.8 million in working capital, announced a $421 million acquisition by Triple Flag Precious Metals, including a spin-out company.

Oroco Resource Corp. filed and received a receipt for a final short form base shelf prospectus with Canadian securities regulators, allowing future public offerings of securities over time. This gives the company flexibility to raise capital efficiently to advance its projects, including the Santo Tomás copper development in Mexico.

Vizsla Silver Corp. updated its at-the-market equity program to sell up to US$200 million in common shares to fund the Panuco Project, working capital, and general corporate purposes. The program, effective until shares are sold or the prospectus expires, involves Canaccord Genuity, CIBC Capital Markets, National Bank Financial, and BMO Capital Markets. The previous ATM agreement from September 2024 was terminated.

Odyssey Marine Exploration, Inc. welcomes a new Executive Order promoting U.S. offshore critical mineral development, aligning with its expertise in deep-sea exploration. The company, with no immediate plans to issue securities, has a $50 million shelf registration for future capital needs. Odyssey’s projects target battery metals and phosphates, supported by prior funding to sustain 2025 operations.

Americas Gold & Silver has been included in the Solactive Global Silver Miners Index (SIL), effective May 1, 2025. This reflects the company’s significant silver mining activities, revenue and market cap, and could help attract more institutional investment and improve liquidity as SIL is a major benchmark for many large funds.