Heliostar CEO Charles Funk commented, “Repayment of this loan is another significant milestone for Heliostar. In November 2024, the Company completed the acquisition of producing gold assets with a clear upside for less than one percent equity dilution by taking on debt. Using debt was assessed to be the best outcome for shareholders to minimize dilution.”
Defiance Silver Corp. (Feb 13, 2025) closed the third and final tranche of its upsized private placement, raising C$975,000 via 4,875,000 units at C$0.20 each (each: 1 share + ½ warrant at C$0.35/24 months). Total raised: C$3,267,800 (16,339,000 units). Finders’ fees paid; proceeds for exploration and working capital.
The core program was designed and managed by Tocvan with the aim to infill and step out on known mineralization corridors.
“After returning from a successful site visit, we are looking forward to the results from the latest drilling.” commented, CEO Brodie Sutherland. “The drilling has been a technical success with pending results to verify the impact it will have on resource definition.”
“Parral generated significant cash flows for the Company during the quarter which helped us increase our cash balance by over $4 million.”
Guanajuato Silver Company Ltd. is pleased to announce the receipt from the TSX Venture Exchange of approval for graduation from Tier 2 Issuer Status to Tier 1 Issuer Status. GSVR will commence trading as a Tier 1 Issuer on February 14, 2025.
Kootenay’s President & CEO, James McDonald states, “Recent holes on the F Vein to fill large drill gaps have intersected similar and slightly better grades than previous holes, a positive sign for future infill drilling. In the case of the I-Vein and Preciosa structure they both represent excellent targets for discovery of additional high grade mineralized shoots so keep an eye out for follow up drilling.”
“We are very pleased with the steady progress that KCA continues to make on the El Oro Tailings Project and their strong commitment to advancing the reprocessing project toward production,” states Joanne Freeze, President and CEO of Xali Gold.
The mining division posted revenue of $12.4bn, a 14.1% increase over the previous year and a 17.4% increase from the fourth quarter of 2024 (Q4 2023), attributed to increased sales volumes in copper, zinc and most by-products and higher prices, except for molybdenum.
Apollo Silver outlined its 2025 work program at the Calico Silver Project in California, focusing on defining a barite resource and mapping/sampling gold targets to support future drilling. It also noted progress toward re-engaging stakeholders at the Cinco de Mayo Project in Chihuahua, Mexico, where new local leadership may enable renewed discussions about project access after years of restrictions.
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