Day: March 23, 2020

Silver One’s President and CEO Greg Crowe commented, “With the steady advance of COVID19 and the associated uncertainty in the markets, Silver One management wishes to assure shareholders that the Company is well positioned to weather what we hope is a short lived event. With over Cdn$ 6 million in its treasury, the Company is prudently managing its exploration and other costs throughout 2020 and into 2021.”

Azure Minerals Limited provides an update on its Mexican operations, with the Company implementing several important changes to ensure workplace safety and balance sheet preservation in response to the COVID-19 pandemic.

VVC closed subscriptions for Tranche 1 of a non-brokered Private Placement financing, previously announced on February 5, 2020. To-date, VVC raised CA$951,560 (about US$722,000) and will issue to the placees an aggregate of 19,031,200 Units at a price of CA$0.05 per Unit.

Vizsla Resources Corp. reports that, in light of increasing global responses to the COVID-19 virus outbreak, the Company has executed an internal plan to ensure employee and stakeholder health and safety as well as minimized disruption to exploration operations.

Pan American Silver Corp. today announced that it is temporarily suspending its operations in Argentina, including the Manantial Espejo mine, in order to comply with a mandatory national quarantine. The government of Argentina imposed the quarantine in response to COVID-19 and stated that it will be in effect until March 31, 2020. Pan American is also suspending supply deliveries and personnel transport at its San Vicente operations in Bolivia to comply with a mandatory national quarantine that is stated to be in effect until March 31, 2020.

Freeport-McMoRan Inc. announced today that in response to the COVID-19 pandemic and resulting global economic uncertainties, its Board of Directors will suspend the quarterly cash dividend of $0.05 per share previously planned for May 1, 2020.

Bacanora Lithium plc, a lithium exploration and development company, provides an update on activities at its Sonora Lithium Project in Mexico following the outbreak of Covid-19. Bacanora’s first priority is the health and well-being of its staff, partners and its local communities and has taken all appropriate measures to protect them in accordance with the relevant governmental and regional requirements.

In response to yesterday’s declaration of a state of emergency by the Nova Scotia provincial government, the in-person meeting which was scheduled to be held at Hotel Halifax is replaced by teleconference.