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.
Mithril Silver and Gold Limited (ASX: MTH) March 2025 Quarterly: High-grade intercepts at Target 1, Copalquin (e.g., 4.95m @ 20.5 g/t Au, 1,833 g/t Ag). Maiden JORC resource: 2.4Mt @ 4.80 g/t Au, 141 g/t Ag (373koz Au, 10.95Moz Ag). Drilling ongoing; cash A$14.2M.
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.
Sierra Madre Gold and Silver Ltd. has begun underground mining at the Coloso mine, part of the Guitarra Complex in Mexico, 7 months ahead of schedule. Previously mined by First Majestic Silver, Coloso has higher-grade silver and gold resources than Guitarra. Mining started at 50 tonnes per day, aiming for 150 by year-end, with optimized blending for maximum economic benefit.
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.
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