Shareholders Approve all Resolutions on the Agenda of Ternium’s Annual General Meeting and Extraordinary General Meeting

Ternium S.A.’s shareholders approved 2024 financial statements, a $0.27 per share dividend ($0.18 net payable May 14, 2025), and re-elected seven directors while appointing Alicia Lucía Móndolo as a new director. The board structure and audit committee were confirmed, with PricewaterhouseCoopers re-appointed as auditors. The extraordinary meeting renewed the authorized share capital and amended the articles of association.

Silver Storm Announces Acquisition of Till Capital

Silver Storm Mining Ltd. will acquire Till Capital Corp. via a Plan of Arrangement, gaining C$6.2M in liquidity and Till’s mineral investments, including a 51.8% stake in Silver Predator Corp. Till shareholders receive 15.874 Silver Storm units per share, comprising shares, warrants, and CVRs. The transaction, supported by both boards and 41.8% of Till shareholders, is expected to close in July 2025.

Questcorp Signs Option Agreement to Acquire 100% Interest in La Union Project, Sonora, Mexico and Completes Technical Report for La Union Project

Questcorp Mining Inc. signed an option agreement on May 5, 2025, to acquire 100% of the 2,520-ha La Union polymetallic CRD project in Sonora, Mexico, from Riverside Resources. Terms: staged cash ($100K total), 19.9% shares issuance, $5.5M exploration over 4 years; 2.5% NSR. NI 43-101 report completed, recommends drilling for Au-Ag-Zn-Pb-Cu potential.

Sierra Metals Responds to Alpayana’s Increased Offer; Makes No Recommendation to Shareholders

Sierra Metals Inc. reports that Alpayana S.A.C. raised its take-over bid for all Sierra common shares from C$1.11 to C$1.15 per share. After a strategic review, Sierra’s Board, advised by BMO, makes no recommendation on the offer due to its high conditionality and uncertainty. Shareholders are urged to review the offer and a forthcoming Notice of Change. The offer expires May 12, 2025.

Riverside Resources and Questcorp Mining Execute Definitive Option Agreement for La Union Project, Sonora, Mexico

Riverside Resources and Questcorp Mining signed a definitive option agreement for the 2,520 ha La Union gold-polymetallic project in Sonora, Mexico. Questcorp can earn 100 % by making staged cash payments, issuing up to 19.9 % of its shares to Riverside and spending C$5.5 M on exploration. Riverside will operate early exploration and retain a 2.5 % NSR if the option is exercised.

Trafigura Raises a Record USD390 Million in the US Private Placement Market

Trafigura Group Pte Ltd. raised a record USD390M through a US Private Placement on May 6, 2025, across four tenors, including a new 12-year tranche. The placement, upsized from USD100M due to strong demand, refinances USD102M of maturities and adds USD288M in liquidity. Citi and MUFG acted as agents, with funding set for May 30, 2025.

Discovery Files Final Base Shelf Prospectus

Discovery Silver Corp. filed a final short form base shelf prospectus on May 5, 2025, replacing its March 2023 prospectus. The filing allows potential offerings of up to C$500M in securities over 25 months, enhancing financial flexibility for future business developments. Specific terms and use of proceeds will be detailed in future prospectus supplements.

Aura Announces Q1 2025 Financial and Operational Results

Aura Minerals reported Q1 2025 results: production of 60,087 GEO; net revenue $161.8M (up vs. last year but slightly down vs. Q4 2024); gross profit $78.4M; Adjusted EBITDA $81.5M; adjusted net income up versus prior year; operating cash flow $41.2M; and net debt/LTM EBITDA ~0.9×. Borborema project started operations on schedule.

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