Month: December 2022

“2022 was a challenging year for many resource companies,” stated Brodie Sutherland, CEO. “Amid the turbulent global markets, Tocvan is proud to have made 2022 one of its most productive years in terms of the advancement of both of our projects in Sonora and setting the Company up for a return of investor sentiment towards the precious metals.”

Alexander Langer, CEO, states, “We are incredibly excited to close the acquisition of La Guitarra with the support of our shareholders, First Majestic, and the Mexican authorities. The acquisition of La Guitarra will provide near-term production and cash flow from the restart of the fully permitted mine and the 500 tonnes-per-day mill while we continue to explore and develop the Tepic and La Tigra properties as part of our multi-pronged strategy.”

“Connection to the power grid is a long-awaited milestone for the Juanicipio Project, our stakeholders and shareholders alike, and we are thankful for the understanding and patience as the final steps to connect the plant to the national power grid were concluded,” said George Paspalas, MAG’s President and CEO.

The proceeds will be used for work programs on the properties of Regency Silver including drilling and geophysics in early January 2023 on our flagship Dios Padre property, for property payments on other properties of the Company and for general working capital.

Lodestar Battery Metals Corp. is pleased to announce it closed its previously announced non-brokered flow-through private placement financing by issuing 4,000,000 units at a price of $0.10 per Unit for total proceeds of $400,000.

The portfolio being sold consists of three royalties and one silver stream, all of which are on assets not owned by Alamos. This includes a silver stream on the Esperanza project in Morelos, Mexico which was sold in April 2022, and royalties on the Fenn Gib South, Ronda, and Northshore West exploration stage projects located in Ontario, Canada.

Guanajuato Silver Company Ltd. is pleased to announce that it has closed the first tranche of its non-brokered Listed Issuer Financing Exemption private placement of up to 17,647,059 units at a price of C$0.425 per Unit for maximum gross proceeds of C$7.5 million.

“As we look forwards towards 2023 and the opportunity for value creation at Los Ricos, it cannot be understated what great position the Company is in with such a strong balance sheet. That, and the effects an increasing commodity price will have on Parral cash flows will allow us to fully take advantage of the opportunities that Los Ricos presents,” said Brad Langille, President and CEO.

Metalla Royalty & Streaming Ltd. is pleased to announce that, further to its news release dated November 28, 2022, it has closed the acquisition of a portfolio of eight royalties in Mexico from First Majestic Silver for 4,168,056 of common shares of Metalla at a price of US$4.7984 (representing the 25-day VWAP on the NYSE American at signing).

First Majestic Silver Corp.is pleased to announce that it has closed its previously announced transaction to sell a portfolio of royalty interests to Metalla Royalty & Streaming Ltd. following the receipt of approval from the TSX Venture Exchange as well as the completion of other customary closing conditions. In consideration of the sale, First Majestic received 4,168,056 shares of Metalla at a deemed price of $4.7984 per share for an approximate value of US$20.0 million.