Kingsmen Resources Announces $1.5 Million Private Placement

Kingsmen Resources announced a non-brokered private placement to raise up to C$1.512 million by issuing up to 2.1 million units at C$0.72 each. Each unit includes one common share and half a warrant exercisable at C$0.89 for two years. Proceeds will help advance the Las Coloradas Silver/Gold project in Parral, Mexico, and support working capital.

Sinaloa, Epicentro de la Discoveries Mining Conference 2025

“Este evento representa esperanza, unión y visión de futuro. La transformación de la minería es posible cuando hay compromiso y pasión por conectar a la industria con el desarrollo del país,” expresó Adelina Alemán, CMO, Mexico Mining Center.

Santo Tomas Project Presentation

Oroco presented an update on its Santo Tomás copper project at a mining conference, highlighting its location within 170 km of the Pacific port of Topolobampo with good infrastructure access. The presentation reinforced progress in advancing exploration, development planning, and stakeholder engagement as the company moves the project forward toward value creation and eventual development.

Fortuna Completes Sale of Non-Core San Jose Mine, Mexico

Fortuna Mining Corp. completed the sale of its San Jose Mine in Mexico to JRC Ingeniería y Construcción S.A.C. for US$6.5M cash upfront, US$1.2M adjustment by April 30, 2025, up to US$8.3M contingent payments, and a 1% NSR royalty post-threshold production. The mine was placed on care and maintenance in December 2024.

Fortuna announces sale of Yaramoko Mine, Burkina Faso

Fortuna Mining Corp. announced the sale of its Yaramoko Mine in Burkina Faso to Soleil Resources International Limited for ~US$130M cash (US$70M on closing, US$57.5M dividend, up to US$53M from VAT). Expected Q2 2025 completion; avoids US$20M closure costs amid limited reserves and challenging climate.

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