The proceeds raised from the Offering will be used by the Company for exploration and development of the Company’s Los Reyes gold and silver property and for general corporate purposes.
Fresnillo plc is the world’s largest primary silver producer and Mexico’s largest gold producer, listed on the London and Mexican Stock Exchanges under the symbol FRES.
The net proceeds from the Bonus Program will be used to accelerate exploration and development of the Company’s El Pinguico silver and gold project near Guanajuato, Mexico, and for general corporate and working capital purposes.
Bacanora Lithium plc, a lithium exploration and development company, announces that at its annual general meeting held earlier today, all resolutions were duly passed, as follows:
This is the continuation of the initial drill program that began in March 2020, before operations were halted due to health restrictions imposed by the Government of Mexico in wake of the COVID-19 pandemic. One hole totaling 105.2 meters of the planned 3,000-meter program was completed before the temporary work stoppage.
“Colibri is happy to invite Silver Spruce into this mutually beneficial opportunity. The El Mezquite project is highly prospective, and the deal structure will allow the project to be further advanced and see Colibri still maintain a 50% ownership. The agreement negates the Company’s to need to project finance the El Mezquite and incur share dilution, it reduces the Company’s exploration risk, and it significantly cuts the level of liability on our balance sheet”, says Ron Goguen, President & CEO of Colibri.
“This latest MoU is from one of China’s state champions whose geological team has extensively analyzed all of Sonoro’s data and approved it as a project they would like to proceed with,” said the Company’s representative, Dr. Wei Qian. “It’s a very good endorsement and clear indication that business in China is resuming,” Dr. Qian added.
Mr. Daniel Earle, President & CEO, commented, “We are very proud to have the continued support of Lundin among our strategic shareholders. The Lundin brand is renowned for environmentally and socially responsible resource development in Ecuador, an approach wholly embraced by Solaris.
The Company has began drilling with one drill rig at the La Trini target, which is included in the Los Ricos North project. The first holes will be drilled using HQ triple tube core drilling equipment to maximize core recoveries at shallow depths and are being laid out to ‘twin’ historical drill holes completed by Tumi Resources and National Lead.
“This new silver stream gives First Majestic significant upside potential to higher silver prices while minimizing risks and costs,” said Keith Neumeyer, President and CEO of First Majestic Silver.
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