GR Silver Mining Ltd. announces that it proposes to undertake a non-brokered private placement of up to 11 million units at a purchase price of $0.16 per Unit, to raise total gross proceeds of up to $1.76 million.
Starcore International Mines Ltd. is pleased to report that it has received approval from the Mexican environmental authority, the Direccion General de Impacto y Riesgo Ambiental (DGIRA) (General Deputy for Environmental Control), to extend the term for Starcore’s management of its dry stack tailings at the San Martin Mine in Queretaro, Mexico.
Jody Kuzenko, President & CEO of Torex, stated: “The results of the internal pre-feasibility study on the EPO deposit significantly enhance our strategy to deliver robust, long-term, value accretive production out of the Morelos Complex in a highly efficient way by leveraging infrastructure associated with the Media Luna Project. With the addition of EPO into the updated mine plan, we have further bolstered the cash flow capability of our world-class asset, with continued upside as the prospectivity of the Morelos Property continues to show itself through the drill bit.”
Colibri Resource Corporation is pleased to announce that, further to its news release of August 23, 2024, it has closed the first tranche of its previously announced non-brokered private placement of units for aggregate gross proceeds of $305,500.
Luca Mining Corp. is pleased to announce that it has entered into an agreement with Stifel to act as lead agent and sole bookrunner for and behalf of a syndicate of agents in connection with a “best-efforts” private placement of up to 19,000,000 units of the Company at a price of $0.45 per LIFE Unit for aggregate gross proceeds of C$8.55 million with the LIFE Units to be issued pursuant to the Listed Issuer Financing Exemption.
“We are excited to partner this top-quality Project, consolidated and worked up by Riverside. To now work with Questcorp to go forward with the exploration program and continued development is an excellent collaboration and fits both companies’ business models.” said John Mark Staude, President and CEO of Riverside.
John MacKenzie, Capstone’s CEO, commented, “We are very pleased to have been included in the S&P/ASX 300 Index as part of the September rebalance. Inclusion in this index recognizes the early success of our secondary listing in Australia, highlighted by our growing CDI market capitalization and robust trading liquidity on the ASX.”
Chief Operating Officer, Greg Liller commented, “I am very pleased with the operating results to date. The Guitarra team is doing an excellent job of moving operations towards a sustained production rate of 350 tonnes per day, our next test production goal. Upon achieving 350 tonnes per day the team has an orderly plan in place to move towards 410 tonnes per day, then to the commercial mining and processing rate of 500 tonnes per day before year end”.
Keith Neumeyer, President & Chief Executive Officer of First Majestic, commented, “The acquisition of Gatos Silver is a highly compelling and transformative transaction that meaningfully enhances First Majestic’s operating platform through the addition of 70% of Cerro Los Gatos – a high quality, long-life, unencumbered, free cash flow generating asset in the mining-friendly state of Chihuahua, Mexico.”
“Our PDA development plan to be released later today is expected to outline another attractive, high-return project that will nearly triple the current mine life of the Mulatos District. The development plan will be based on PDA’s current Mineral Reserve of one million ounces which had more than doubled over the previous two years. Our continued exploration success at PDA in 2024 highlights the significant upside potential to the project through further growth in higher-grade Mineral Reserves and Resources,” said John A. McCluskey, President and Chief Executive Officer.
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