Heliostar CEO, Charles Funk, commented, “Heliostar closed the first quarter of 2025 with a US$27M (C$38M) cash balance, over half of which was generated from operating profits. This places the Company in a strong position to achieve our planned production and resource growth goals.”
Endeavour Silver Corp. is pleased to announce the completion of its prospectus offering announced on April 1, 2025 for the issuance of a total of 11,600,000 common shares at a price of US$3.88 per Common Share for aggregate gross proceeds of US$45,008,000.
Paul D. Gray, Luca VP Exploration, commented, “Luca has been able to execute an efficient underground drilling program at Campo Morado that represents the first stage the Company’s plan to realize the untapped mineral potential of the Campo Morado Mine and District. The Campo Morado deposit hosts additional mineral potential beyond the extent of its known resources.”
This press release rectifies the version of the press release issued by Defiance Silver on April 7, 2025 at 1:00am EST in order to correct a typing error. Under the terms of the LOI, Defiance proposes to issue 4,954,613 Defiance Shares of Defiance at a price of C$0.255 per share and not C$0.0255 as announced previously.
Fortune Bay Corp. is pleased to announce that it intends to increase the non-brokered private placement previously announced on April 2, 2025, to aggregate gross proceeds of up to $3,000,000. The Company intends to issue up to 9,375,000 units.
Fortune Bay Corp. said it plans to increase its non-brokered private placement to raise up to approximately C$3.0 million through issuance of units at C$0.32 per unit. Proceeds are intended to advance its Canadian and Mexican projects and support general corporate purposes. The offering is subject to TSX Venture Exchange approval.
Paddy Nicol, Orogen’s CEO, commented, “The initial Inferred resource at Navidad represents an exciting development for Orogen’s producing royalty on the Ermitaño Mine, with the announced update increasing contained gold in the Inferred category by 260% year on year.”
Defiance Silver Corp. (Apr 7, 2025) signed a non-binding LOI to acquire Green Earth Metals Inc., adding three drill-permitted Cu-Au-Ag-Mo projects (Victoria, Espiritu, Los Ocotes; 6,795 ha) in Mexico’s Sonora porphyry belt near major mines. Deal: 4.95M shares (C$1.25M) + C$150K debenture. Exploration planned, including drilling at Victoria. Subject to due diligence and approvals.
Vizsla Silver Corp. announced on April 4, 2025, a temporary pause in field work at its Panuco silver-gold project in Mexico due to security concerns. Affected activities: test mine development, geotechnical/exploration drilling. Contractors on standby; feasibility study engineering and 2025 budget unaffected.
IMPACT Silver proposed extending 33,357,104 share warrants that were set to expire in 2025 by 18 months, so the April warrants would expire on October 19, 2026 and the May warrants on November 3, 2026, at the same $0.35 exercise price. The extension is subject to TSX Venture Exchange approval and includes a related-party component for a small insider holding.
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