Luca Mining Corp. is pleased to announce that it, along with an arm’s-length third-party corporation, Jaluca Limited have reached an agreement with Urion Holdings (Malta) Limited (“Urion”, a wholly owned subsidiary of Trafigura Mexico S.A. de C.V.) to repurchase 100% of Luca’s US$5.8 million convertible debenture held by Urion.
A month after a federal court declared the Mexican steelmakeer Altos Hornos de Mexico (AHMSA) bankrupt due to insolvency the trustee has begun the valuation of the steelmaker’s assets for sale at public auction, the company reported.
GR Silver Mining Ltd. announces that the Company has granted Deferred Share Units to eligible persons in accordance with the Omnibus Long-Term Incentive Plan approved by the Board on August 2, 2022 and approved by shareholders at the Company’s Annual General Meeting held on November 12, 2024, and subject to the policies of the TSX Venture Exchange.
Commenting on these announcements today, Mr. Gary C. Evans, Chairman & CEO stated, “We believe the quantities of antimony ore from this second international party will increase significantly over the ensuing months.”
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.”
Madoro Metals Corp. is pleased to announce that the Company has successfully executed on a judgement awarded by the Supreme Court of British Columbia regarding several Mexican properties that Madoro had optioned.
“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.
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