Silver Bull will be seeking to recover no less than US$178 million in damages that it has suffered as a result of Mexico’s breach of its NAFTA obligations.
J Duane Poliquin, Chairman of Almadex commented, “Our projects portfolio is the result of years of effort and invested intellectual capital, and our CAD$18 Million cash position as of Q3 2022 gives us the luxury of advancing these projects in the manner best suited for shareholders. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.”
Allen Palmiere, President and CEO, said, “Despite global challenges faced this year, such as inflation, and localized challenges such as ground support and ventilation, gold and silver production at the Don David Gold Mine in Mexico still ended the year above guidance. We also made excellent strides with our operations, capital, and exploration programs.”
Mike Struthers, CEO, commented: “In keeping with recent management and other changes in the Company, and the transformational year ahead which should see the Company achieving some critical milestones, the board has recommended a name change to reflect this. This is all about consolidating the foundation for the Company as a Mexican producer and developer, creating a solid platform for future growth.”
Osisko Development Corp. is pleased to announce the successful completion of its previously-announced bought deal public offering of an aggregate of 7,841,850 units of the Company at a price of $6.60 per Unit, for aggregate gross proceeds of approximately $51.8 million, including the full exercise of the over-allotment option.
“Our underground rehabilitation has now accessed 600 metres of an estimated 1.2 kilometres of workings,” stated Darrell Rader, President and CEO. “Having full access to the workings will enable us to evaluate areas of known high-grade silver mineralization in addition to locating additional unmined areas of mineralization.”
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