Month: February 2025

In aggregate, the Company has issued 37,749,899 Units for aggregate gross proceeds of $2,831,242.43 to date in the Offering, inclusive of the first closing, second closing and third closing.

“With the filing of this highly detailed feasibility study, it highlights all the great work our technical team has completed over the last 6 years starting with the initial discovery building to a very large silver-gold resource.”

Canasil Resources Inc. is pleased to announce that Gary Nordin has agreed to join the Company’s Board and David Cross has agreed to act as CFO. Alvin Jackson will continue as a Director, Bahman Yamini will continue as a Director and President & CEO, and Graham Scott will continue as Corporate Secretary. Previous Directors Michael McInnis and Arthur Freeze, and previous CFO Kerry Spong are no longer with the Company.

“We are excited to welcome both Lance and Rod to our Board,” comments Gil Clausen, Plata Latina’s Chair of the Board. “Lance’s extensive technical experience, particularly in due diligence and corporate development, will be invaluable as we actively evaluate strategic opportunities. Our Board is further complemented by Rod’s vast mining experience around the world, particularly in the U.S.A. We value the deep knowledge and relationships he has in the U.S. mining industry. Rod’s expertise will also play a key role as we seek to grow the Company.”

“We are excited about the acquisition of the Sarape Project, which has potential to be very similar to SilverCrest’s Las Chispas deposit and other robust deposits in Mexico and offers asymmetric upside potential for the discovery of silver and gold mineralization at depth,” stated Joanne Freeze, CEO of Xali Gold.

Heliostar CEO, Charles Funk, commented, “Q4 2024 was a strong start to production for Heliostar. From the close of the transaction on November 7, 2024, to the quarter end, our operating mines generated over C$9.5M in cash flow. The Company’s cash position grew to C$7.7M, and we made the first repayment of our acquisition debt, which has now been fully paid down. The Company also recognized a C$90.5M accounting gain on the independent valuation of our Mexican assets, demonstrating the accretive nature of the transaction. We proceed into 2025 with a strengthened balance sheet, growing production and high-grade exploration results from Ana Paula and La Colorada. We are well set to build Heliostar further in 2025.”

Defiance Silver Corp. has entered into an agreement with Triomphe Holdings Ltd. based in British Columbia, for investor relations and communication services.

“I am delighted to announce Empress achieved record revenue of US$8M in 2024,” stated Alexandra Woodyer Sherron, CEO of Empress Royalty.

Richard Simpson, Vice President Exploration of Mammoth Resources commented on the small-scale gold production opportunity, stating: “When we learned of the 200 tonne per day mill being built only 16 kilometres from Tenoriba, we immediately began thinking there might be an opportunity to process some surface and shallow depth gold-silver mineralized material from Tenoriba at this facility.”