Inomin Mines Inc. announces that it has closed the first tranche of its non-brokered private placement announced on November 7, 2024. Under the First Tranche, the Company issued 2,000,000 flow-through units at a price of $0.05 per FT Unit for gross proceeds of $100,000.
First Majestic Silver Corp. announces that Gatos Silver, Inc. has advised the Company that it has amended and restated its agreements with Dowa Metals & Mining Co., Ltd. regarding the Los Gatos Joint Venture.
Commenting on this new agreement and the plans to restart the Madero smelter, Mr. Gary C. Evans, Chairman & CEO stated, “Our team has been tirelessly sourcing these new inbound antimony supplies for over 120 days now. It has not been an easy task testing samples, negotiating contracts, and finalizing logistics with entities located outside the USA.”
“November results continue to reflect the operational changes the Company has been implementing at San Jose de Gracia, in particular strong underground mine development which increases the flexibility of our daily mine operations,” stated Rohan Hazelton, President & CEO DynaResource.
Defiance through its wholly owned subsidiary, Minera Santa Remy S.A., has, at the Vendor’s request, agreed to extend the term of its option to acquire 100% of the San Acacio property in the Zacatecas district.
The Amended Agreements, which are effective on January 1, 2025, expand Gatos Silver’s management rights within the LGJV which will result in the Company being able to fully consolidate the financial statements of the LGJV rather than accounting for its investment in the LGJV under the equity method of accounting as is currently required.
Xali Gold Corp. reports that, pursuant to the terms and conditions of its Omnibus Equity Incentive Plan, an aggregate of 4,100,000 stock options to purchase common shares of the Company have been granted to certain directors, officers and consultants of the Company. The options are exercisable for a period of five years at a price of $0.05 per share.
Sonoro Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 5,555,556 units at a price of C$0.09 per Unit, for gross proceeds of C$500,000.
James Anderson, Chairman and CEO, said, “The sizable expansion of total mineral resources at El Cubo, after several years of mining depletion, is a testament to the resilience and durability of the mines of Guanajuato. We believe that El Cubo will remain the centerpiece of our hub-and-spoke mining strategy for many years.”
Americas Gold and Silver Corporation is pleased to announce that the Company’s shareholders passed the following resolutions at the special meeting of the shareholders held on December 17, 2024.
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