Silvercorp Metals Inc.
Search documents
Tincorp Announces Definitive Agreement to Acquire the Santa Barbara Gold-Copper Project, Ecuador and Concurrent Best Efforts Offering of Subscription Receipts for up to C$16 Million
TMX Newsfile· 2026-02-25 21:31
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES.Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Tincorp Metals Inc. (TSXV: TIN) ("Tincorp" or the "Company") is pleased to announce that on February 24, 2026, it entered into a share purchase agreement (the "Agreement") with Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) ("Silvercorp") and its wholly-owne ...
Salazar Resources Provides Update for El Domo
TMX Newsfile· 2026-02-05 11:45
Core Viewpoint - Salazar Resources Limited is involved in a joint venture with Silvercorp Metals Inc. for the development of the El Domo mine, with an updated construction budget of $284 million, reflecting a $44 million increase from previous estimates, and a projected production start date of July 1, 2027, which is a six-month delay from earlier projections [2][3]. Financial Summary - The updated construction budget for the El Domo Project is $284 million, up from the previous estimate of $240 million [3]. - The budget breakdown includes significant increases in various packages, such as Package 1 (site preparation) increasing to $57.4 million and Package 3 (processing plant) increasing to $54.8 million [3][5]. - The VAT rate has been revised from 12% to 15%, leading to additional VAT costs that can be recovered as a tax credit once concentrate exports commence [5]. Construction Progress - In 2025, the company spent $44.5 million, which is approximately 16% of the total new budget, and made significant progress in site preparation and construction activities [6]. - Over 2.6 million cubic meters of material were moved for site preparation, and 8.1 km of internal haul roads were built [6][4]. - The construction camp with a capacity of over 600 beds has been completed and commissioned [6]. Contracting and Operations - The company is expected to execute a mining contract with China Railway 19th Bureau Group Co., Ltd. for the construction and operation of the Project, valued at $35 million for the construction phase and approximately $63 million for the operations phase [7]. - The contract includes the construction and management of the Tailings Storage Facility (TSF) dam, valued at $8 million [7]. Engineering and Equipment - Jinpeng is set to complete the detailed engineering design of the processing plant by early April 2026, which will initiate the bidding process for construction [8]. - Most long-lead time major equipment for the process plant has been ordered, with a down payment of $7.2 million made towards a total contract price of $16.9 million [16]. Community and Environmental Engagement - The company has engaged with various communities and stakeholders for support and has built an effective construction team collaborating across multiple locations [16]. - The company has implemented and complied with an Environmental Management Plan during construction activities, maintaining a strong safety culture with over 960,000 hours worked without major incidents [16].
Pacifica Silver Announces Closing of Upsized Brokered Offering
TMX Newsfile· 2026-01-23 13:28
Core Viewpoint - Pacifica Silver Corp. has successfully closed an upsized private placement offering, raising a total of $23,011,500 through the sale of 15,870,000 common shares at a price of $1.45 per share, which reflects strong support from both new and existing investors [1][2][3] Group 1: Offering Details - The offering was well-received, attracting participation from new precious metal funds and established strategic shareholders, including Vizsla Silver Corp., First Majestic Silver Corp., Silvercorp Metals Inc., and investor Eric Sprott [2] - The net proceeds from the offering will be allocated to advancing exploration and drilling activities at the Claudia Project in Durango, Mexico, as well as for working capital and general corporate purposes [5] - The offering was conducted under the listed issuer financing exemption, allowing it to be offered in Canada and the United States without a statutory hold period [7] Group 2: Management Commentary - The CEO of Pacifica Silver expressed gratitude for the robust participation from institutional investors, highlighting their confidence in the potential of the Claudia Silver-Gold Project [3] - The financing will enable the company to accelerate exploration efforts and unlock the project's high-grade potential through year-round drilling operations [3] Group 3: Financial Arrangements - Raymond James Ltd. acted as the lead agent for the offering, receiving a cash fee of $1,260,690 and 414,031 compensation warrants, each exercisable into one common share at the offering price for two years [6] - Four insiders subscribed for 180,000 units, amounting to gross proceeds of $261,000, which will be classified as a related-party transaction [4]
Wildsky Resources Inc. Announces Change of Directors
TMX Newsfile· 2026-01-21 17:27
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Wildsky Resources Inc. (TSXV: WSK) (the "Company") regrets to announce that Zonglin Zhang has resigned from the Company's board of directors effective immediately. The Company wants to thank Mr. Zhang for his contribution to the Company and wishes him well with his future endeavours. The Company announces that Mr. Kairin Liu has been appointed to the Company's board of directors. Mr. Liu was appointed as Vice President – Exploration the Com ...
Silvercorp Metals: Growth Intensifies Ahead Of Diversification Into Copper (NYSE:SVM)
Seeking Alpha· 2025-12-04 13:32
Group 1 - The article recommends a Buy rating for Silvercorp Metals Inc. and upgrades the previous rating [1] - The analyst has a Master's degree in Business Economics and possesses a strong quantitative background [1] - The investment strategy described is suitable for various types of investors, including those focused on dividends, value propositions, or growth opportunities [1]
New Pacific Metals Closes C$40.4 Million Bought Deal Financing
Prnewswire· 2025-10-21 12:54
Core Viewpoint - New Pacific Metals Corp. has successfully closed a bought deal financing, raising approximately C$40.42 million through the sale of 11,385,000 common shares at C$3.55 per share, including an over-allotment option exercised by underwriters [1][2]. Financing Details - The offering was completed through a syndicate of underwriters and was based on an underwriting agreement dated October 15, 2025 [1][3]. - Silvercorp Metals Inc. subscribed for 3,083,536 shares, amounting to approximately C$10.95 million, while Pan American Silver Corp. subscribed for 1,263,416 shares, totaling approximately C$4.49 million [2]. Ownership Structure - Following the offering, Silvercorp owns approximately 27.99% and Pan American owns approximately 11.47% of the outstanding common shares of New Pacific [2]. Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development at the Carangas and Silver Sand projects, as well as for working capital and general corporate purposes [4]. Regulatory Information - The offering was conducted under a prospectus supplement dated October 15, 2025, and the shares issued have not been registered under the U.S. Securities Act [3][5].
New Pacific Metals Announces C$35.1 Million Bought Deal Financing
Globenewswire· 2025-10-14 20:46
Core Points - New Pacific Metals Corp. has entered into an agreement with Raymond James Ltd. and BMO Capital Markets for a bought deal offering of 9,900,000 common shares at C$3.55 per share, totaling approximately C$35.1 million (US$25.1 million) [1] - Silvercorp Metals Inc. intends to participate in the offering by subscribing to 2,776,950 common shares, representing approximately C$9.86 million (US$7.05 million), which would give Silvercorp approximately 28.05% ownership of New Pacific's outstanding common shares post-offering [2] - The offering will be conducted in all provinces of Canada except Québec and may also be offered via private placement in the United States under registration exemptions [3] - Net proceeds from the offering will be allocated for exploration and development at the Carangas and Silver Sand projects, as well as for working capital and general corporate purposes [4] - The offering is expected to close around October 21, 2025, pending necessary regulatory approvals [4] Company Overview - New Pacific is a Canadian exploration and development company focused on precious metal projects in Bolivia, including the Silver Sand Silver Project, Carangas Silver-Gold Project, and Silverstrike Silver-Gold Project [7]
Tincorp Closes Private Placement
Newsfile· 2025-09-17 12:00
Core Viewpoint - Tincorp Metals Inc. has successfully closed a non-brokered private placement, raising a total of $375,000 through the issuance of 3,000,000 common shares at a price of $0.125 per share [1][2]. Group 1: Offering Details - The net proceeds from the Offering will be utilized for working capital requirements and general corporate purposes [2]. - The Offering was conducted under exemptions from the prospectus requirements of Canadian securities laws, with all securities subject to a four-month and one-day hold period [2]. - The Offering is pending final acceptance from the TSX Venture Exchange [2]. Group 2: Insider Participation - Insiders participated in the Offering with a total investment of $201,250, which is classified as a "related party transaction" under Multilateral Instrument 61-101 [3]. - The Company relied on exemptions from formal valuation and minority shareholder approval requirements due to the insider's participation not exceeding 25% of the Company's market capitalization [3]. Group 3: Shareholder Information - Silvercorp Metals Inc. subscribed for 874,423 shares, investing a total of $109,302, maintaining a pro rata interest of 29.15% in the Company [4]. - No new Control Persons were created as a result of the Offering [4]. Group 4: Finder's Fee - The Company paid a cash finder's fee of $1,800, representing 6% of the gross proceeds from purchasers introduced by the finder [5]. Group 5: Company Overview - Tincorp Metals Inc. is focused on mineral exploration, particularly tin projects in Bolivia, and owns a gold project near Whitehorse, Yukon, Canada [7]. - The Company owns 100% of the Porvenir Project and is acquiring a 100% interest in the nearby SF Project, both located 70 km southeast of Oruro, Bolivia [7]. - Tincorp has signed an agreement to sell its Skukum Gold Project to Blue Jay Gold Corp., with the transaction expected to complete in the third quarter of 2025 [7].
Aldebaran Announces Intention to Spin Out Northern Argentina Exploration Projects into a New Argentine-Focused Exploration Company and Provides an Update on the Altar PEA
Globenewswire· 2025-09-05 11:00
Core Viewpoint - Aldebaran Resources Inc. plans to transfer its project portfolio in Argentina into a new Canadian subsidiary, SpinCo, which will focus on copper, gold, and silver exploration while Aldebaran continues to concentrate on the Altar copper-gold project [1][9]. Company Developments - Sam Leung has been appointed as the CEO and Director of SpinCo, bringing 20 years of experience in the mining sector, particularly in South America [2][12]. - The reorganization aims to unlock additional value for shareholders by allowing them to maintain exposure to the Altar project while also receiving shares in SpinCo [9]. Project Highlights - **Rio Grande Project**: Best intercept recorded is 257.20 m of 0.53% Cu and 1.20 g/t Au, with drill permits expected in H1 2026 [4]. - **Aguas Calientes**: Located in Salta Province, with significant resources including 71.0 million tonnes of 0.30% Cu, 0.36 g/t Au, and 3.2 g/t Ag [7]. - **Other Projects**: Include El Camino, Oscara, La Frontera, and Catua, with various mineralization potentials and historical drilling results [7]. Next Steps - SpinCo plans to complete private financing to fund a field program in 2025/2026, focusing on geochemistry and geophysics to prepare Rio Grande and Aguas Calientes for drilling [14]. - The spinout of SpinCo shares to Aldebaran shareholders is expected to be completed under the Business Corporations Act (Alberta), with plans for a public listing [14].
Salazar Signs Definitive Agreement for the Purchase of Ecuadorian Exploration Properties from Silvercorp Metals Inc.
Newsfile· 2025-07-28 10:45
Core Viewpoint - Salazar Resources Limited has finalized a definitive agreement to acquire exploration properties in Ecuador from Silvercorp Metals Inc, enhancing its ownership in key projects and positioning itself for future growth [1][2]. Group 1: Transaction Details - The agreement involves the transfer of shares from Silvercorp's subsidiaries to Salazar, granting full ownership of the Santiago and Pijili Projects, which Salazar previously held a 20% interest in [2][7]. - The transaction includes a net smelter return (NSR) royalty structure, with Salazar acquiring an 80% interest in both the Santiago and Pijili Projects, and a 100% interest in the Tarqui and Quimi Projects, each subject to a 1.5% NSR royalty [6]. Group 2: Future Plans - The company plans to finalize an agreement for the farm-out of the Tarqui and Quimi projects, aiming to retain at least a 25% interest while receiving cash and equity in return for work commitments [3]. - A non-refundable payment of US$200,000 has been received from an Ecuadorian company, providing exclusivity for the upcoming agreements [3]. Group 3: Company Background - Salazar Resources is focused on exploration and development in Ecuador, with a strong understanding of the local geology and a pipeline of copper-gold projects [4]. - The company has a 25% carried interest in its maiden discovery, Curipamba, and is actively engaged with local communities through initiatives like The Salazar Foundation [4].