Day: February 5, 2018

“Eduardo and Jessica are highly accomplished leaders whose depth and diversity of experience will be strong additions to our Board,” said Robert E. Mellor, Coeur’s Chairman of the Board. “Eduardo brings with him over forty years of experience in hard rock mining, including a successful track record of developing and operating mines throughout Mexico. Jessica’s equally impressive background in Canadian government affairs and leadership is also expected to complement the skills of our other directors and provide valuable insights as Coeur commences production at the Silvertip mine in British Columbia.”

Peter Secker, CEO of Bacanora, commented, “To have secured the services of a Non-Executive Director and a CFO who have both held senior finance positions at multi-divisional natural resources companies, reflects the significant progress made by Bacanora in the last twelve months. This has seen us complete a positive Feasibility Study at Sonora and also secure leading Japanese battery trader Hanwa as a strategic investor and offtake partner, in addition to other large institutional investors. I look forward to working with both Janet and Eileen during what promises to be an exciting period for Bacanora, as we focus on embarking on the construction phase of a 35,000 tonnes per annum battery grade lithium carbonate operation at Sonora in H1 2018.

Discovery President and CEO Taj Singh comments: “We are very excited about the prospects for our projects in 2018. With approximately C$ 12.2M in the treasury at the beginning of the year, we are well-funded to advance our projects and exit 2018 in a strong financial position. By testing all of our projects, Discovery will produce a detailed picture of this historic mining district and hone in on the highest priority targets at each project.”

All securities issued pursuant to the financing are subject to a 4 month hold period. The Company will use the net proceeds of this private placement for general corporate purposes and to advance our Tabasquena silver project in Zacatecas, Mexico.