Luca Mining secured Goldgroup’s binding commitment to invest US$75 million, or an amount representing a 19.9% stake, to help fund its Cozamin acquisition. This replaces Trafigura’s equity backstop. Goldgroup would receive rights to nominate two directors and equity participation protections while holding at least 10%. Closing remains subject to TSXV approval.
Guanajuato Silver renewed its Canadian base shelf prospectus, allowing it to offer up to US$65 million in shares, debt securities, warrants and other instruments over 25 months. The company said it has no immediate plans or agreements to issue securities under the prospectus.
Goldgroup closed a US$121.85 million non-brokered placement, issuing 33.38 million units at US$3.65 each. Each unit includes one share and half a warrant; whole warrants are exercisable at US$5.10 through March 2028. The company plans to advance its mining portfolio and consider strategic investments and acquisitions.
Candelaria Mining shareholders approved all items at its September 18 AGM. They elected three directors, appointed Saturna Group as auditor, and renewed the company’s 10% rolling stock option plan. Shares representing 37.62% of those outstanding were present.
Torex reported strong drilling across its Morelos property in Guerrero. Highlights include 31.2 m at 11.28 g/t gold equivalent in the emerging San Miguel corridor and 35.0 m at 14.32 g/t at ELG Underground. Torex added 13,400 m of Media Luna Cluster drilling, raising its 2026 Morelos exploration budget to US$51 million.
Torex reported high-grade results from 15-rig drilling across Morelos, including 11.28 g/t AuEq over 31.2 m along the emerging San Miguel corridor and 56.8 g/t AuEq over 6.4 m at ELG Underground. The company raised its 2026 exploration budget to US$51 million; a reserve and resource update is expected in March 2027.
Minaurum reported step-out results from its Alamos Silver Project in Sonora, including 3.40 m at 397 g/t silver equivalent at Europa Sur, 1.90 m at 323 g/t at Quintera, and 0.90 m at 1,469 g/t at San Jose. The results support its ongoing 50,000 m resource expansion program; Quintera and Europa Sur were excluded from the initial resource estimate.
Regency Silver CEO Bruce Bragagnolo will present at the invitation-only MK-Equity Investment Conference in Munich on September 30, 2026. He plans to update investors on the company’s Dios Padre and Jabali projects in Sonora.
Highlander Silver signed a mandate letter with Natixis CIB to arrange a proposed US$330 million, seven-year project finance facility for construction of the Corani silver project in Peru. Highlander must also provide up to US$100 million for cost overruns. Financing remains subject to due diligence, credit approval and definitive agreements, with closing expected in Q1 2027.
Algo Grande’s hole AG-CG-PH2-002 at Adelita in Sonora intersected two separate copper-silver-gold skarn zones totaling 68.43 metres at an average 1.2% CuEq. The newly reported lower zone returned 38.20 metres at 1.0% CuEq, about 67 metres below the previously reported upper zone. Intervals are downhole lengths; true widths and metallurgical recoveries remain undetermined.
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