Silver Tiger Metals Inc. updated PFS drilling at El Tigre Project, Mexico: 22,000m of 25,000m completed. Key intercepts include 116m @ 0.68 g/t AuEq and 34.4m @ 1.76 g/t AuEq. Mineralization expanded 10-15%; PFS on track for H2 2024.
Sierra Metals Inc. acknowledges the press release issued yesterday on behalf of Alpayana S.A.C. announcing an intention to update its previously announced unsolicited all-cash takeover bid to acquire all of the issued and outstanding common shares of Sierra.
GR Silver Mining granted 860,000 stock options to employees/consultants and 400,000 options to executive officers (various vesting terms), all exercisable at $0.155 per share. It also issued 154,836 deferred share units (DSUs) to non-executive directors for quarterly fees, which vest in one year and can be settled for shares or cash once directors leave.
GoGold Resources Inc. announced the filing of its final short form prospectus for a $75,002,200 public offering of common shares at $1.82 each, with an over-allotment option for up to 6,181,500 additional shares (potential gross proceeds $86,252,530). Closing expected April 4, 2025; TSX conditional approval received.
Fortune Bay Corp. is pleased to announce that it intends to complete a non-brokered private placement for aggregate gross proceeds of up to $2,800,000. The Company intends to issue up to 8,750,000 units.
“The state executive and federal technical meetings continued to provide commitments of strong Mexican Government support for the Santo Tomás Project. Coordinated by Congressional Deputy Mario Zamora and his staff, these meetings have led to a responsive and supportive dialogue with Mexico’s senior economic and mine development officials and we are extremely grateful for the guidance and support. The pathway forward for the continued development of the Santo Tomas Project is now clear,” commented the Oroco Chairman, Craig Dalziel.
Oroco Resource Corp. reported productive meetings with the Governor of Sinaloa and Mexican federal officials to advance the Santo Tomás copper project in Choix, Sinaloa. Authorities acknowledged the project’s potential for sustainable development, economic growth, and local jobs, and discussions included steps toward registering Santo Tomás as a Key Development Project with government support.
Golden Minerals Company announced today that has sold its wholly-owned Mexican subsidiary, Minera de Cordilleras, S. de R.L. de C.V. to a privately held Mexican company for consideration of US $600,000. The sale agreement was signed on April 1, 2025.
Endeavour Silver has upsized its bought-deal financing to raise approximately US$45 million to help fund its US$145 million acquisition of Minera Kolpa and the Huachocolpa Uno Mine in Peru. The financing will be led by BMO Capital Markets. The company has filed a technical report including historical estimates, which require further work to be classified as current resources.
Canuc Resources Corporation. announces closing of the first tranche of its previously announced private placement financing with gross proceeds of $2,270,000 and the issuance of 22,700,000 Units.
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