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Silver Tiger Announces Closing of C$40,004,000 Bought Deal Financing
Globenewswire· 2025-11-26 13:35
Core Viewpoint - Silver Tiger Metals Inc. has successfully closed a bought deal offering, raising approximately C$40 million to fund exploration and development at its El Tigre Project in Mexico [1][2]. Group 1: Offering Details - The offering consisted of 54,800,000 common shares sold at a price of C$0.73 per share, resulting in gross proceeds of approximately C$40,004,000 [1]. - The syndicate of underwriters included BMO Capital Markets and Stifel Nicolaus Canada Inc. as joint bookrunners, along with Canaccord Genuity Corp., Desjardins Securities Inc., and Ventum Financial Corp. [2]. - A cash commission of 5.5% on the gross proceeds was paid to the underwriters [2]. Group 2: Project Information - Silver Tiger's El Tigre Project is located in Sonora, Mexico, covering an area of 28,414 hectares and is 100% owned by the company [5]. - The company has drilled over 150,000 meters at the El Tigre Project since 2017, with significant drilling activity occurring since 2020 [6]. - The Preliminary Economic Assessment (PEA) for the El Tigre open pit was released in November 2023, showcasing robust economic metrics [7]. Group 3: Economic Metrics - The October 2024 Preliminary Feasibility Study (PFS) projects an After-Tax Net Present Value (NPV) of US$222 million at a 5% discount rate and an After-Tax Internal Rate of Return (IRR) of 40.0% with a payback period of 2.0 years [7]. - The project is expected to have a 10-year mine life, delivering an undiscounted After-Tax Cash Flow of US$318 million [7]. - Initial capital costs are estimated at US$86.8 million, with operating cash costs projected at US$973/oz AuEq and US$12/oz AgEq [7].
Silver Tiger Announces Filing of Final Short Form Prospectus
Globenewswire· 2025-11-21 23:01
Core Viewpoint - Silver Tiger Metals Inc. has filed a final short form prospectus for a bought deal public offering of common shares, aiming to raise gross proceeds of CAD 40 million, with the potential to increase to CAD 46 million if the over-allotment option is fully exercised [1][2]. Offering Details - The offering price is set at CAD 0.73 per common share, with aggregate gross proceeds of CAD 40,004,000 expected [1]. - The underwriters include BMO Capital Markets and Stifel Nicolaus Canada Inc., among others, and they have an option to purchase an additional 8,220,000 shares [1]. - The closing date for the offering is anticipated to be around November 26, 2025, with conditional approval from the TSX Venture Exchange for the listing of the shares [2]. Company Background - Silver Tiger Metals Inc. is a Canadian company with over 27 years of experience in discovering and building large hydrothermal gold and silver mines in Mexico [5]. - The company owns the 28,414 hectare Historic El Tigre Mining District located in Sonora, Mexico [5]. Project Development - Silver Tiger has been actively working on the El Tigre Project since 2017, completing over 150,000 meters of drilling, with significant updates to mineral resource estimates (MREs) in 2023 and 2024 [6]. - The Preliminary Economic Assessment (PEA) for the El Tigre open pit was released in November 2023, showcasing robust economic metrics [6]. Economic Metrics - The October 2024 Preliminary Feasibility Study (PFS) indicates an After Tax Net Present Value (NPV) of USD 222 million at a 5% discount rate, an After-Tax Internal Rate of Return (IRR) of 40%, and a payback period of 2 years [7]. - The project is expected to generate a life of mine undiscounted After-Tax Cash Flow of USD 318 million, with initial capital costs estimated at USD 86.8 million [7]. - Operating cash costs are projected at USD 973 per ounce of gold equivalent and USD 12 per ounce of silver equivalent, with all-in sustaining costs (AISC) at USD 1,214 per ounce of gold equivalent and USD 14 per ounce of silver equivalent [7].
Kingman Minerals Ltd. Announces Grant of Stock Options
Newsfile· 2025-11-19 22:05
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2025) - Kingman Minerals Ltd. (TSXV: KGS) (OTCQB: KGSSF) (FSE: 47A) ("Kingman" or the "Company") announces that it has granted incentive stock options to certain officers, directors, and consultants under its Amended and Restated Stock Option Plan, entitling them to purchase up to an aggregate of 1,800,000 common shares of the Company.The stock options vest immediately, have a term of five years, and are exercisable at a price of $0.135 per share. ...
Questcorp and Riverside Complete the First Phase of Drilling at the La Union Gold and Silver Project
Newsfile· 2025-11-12 08:15
Core Insights - Questcorp Mining Inc. has completed the first phase of drilling at the La Union gold and silver project in Sonora, Mexico, involving 12 diamond core holes totaling over 1,600 meters across six priority targets [1][3][7] - The exploration program is managed by Riverside Resources, which aims to validate the geological model and support the potential for a large-scale discovery [3][12] Drilling Details - Drilling targeted six areas: Union Mine, Union Norte, Cobre, Luis, Famosa, and Famosa Mag, with three past-producing mine areas evaluated for mineralization continuity [4][7][8] - The Union Mine area included three holes aimed at manto horizons and chimney structures, while the Famosa Mine area had four holes testing a dolomite manto target [5][6][7] - A total of over 700 half-core samples have been sent for assay, with results pending [7][10] Next Steps - Following the receipt of assay results, the company plans to integrate findings to refine the CRD model and prepare for a Phase 2 exploration campaign, potentially commencing in H1 2026 [12]
Questcorp Mining Receives Initial Investment from U.K. Based Institutional Investor Sorbie Bornholm LP.
Newsfile· 2025-11-11 08:15
Investment Announcement - Questcorp Mining Inc. has received an initial investment of CAD$2,000,000 from Sorbie Bornholm LP, a UK-based institutional investor [1][2] - The funds will be allocated to advance exploration and development programs at the La Union Gold and Silver Project in Sonora, Mexico, and the North Island Copper Property in British Columbia, as well as for general working capital [1] Management Commentary - The President & CEO of Questcorp expressed satisfaction with the strategic investment, viewing it as a vote of confidence in the company's team and long-term potential [2] - The Managing Director of Sorbie Bornholm highlighted their confidence in Questcorp's leadership and the alignment of interests through a Sharing Agreement designed to support growth and operational success [2] Company Overview - Questcorp Mining Inc. focuses on the acquisition and exploration of mineral properties in North America, aiming to develop economic precious and base metals properties [8] - The company holds options to acquire 100% interests in mineral claims totaling 1,168.09 hectares for the North Island Copper Property and 2,520.2 hectares for the La Union Project, both subject to royalty obligations [8] Sorbie Bornholm Overview - Sorbie Bornholm LP is a global investment firm that provides funding to micro, small, and mid-cap growth companies, focusing on public equity investments [3] - The firm employs a unique "Sorbie-Strategy" that has been utilized in over 50 investments, often resulting in companies receiving more cash than the original offering proceeds without issuing additional shares [4]
ESGold Completes Montauban Mill Building Construction and Moves Toward Production Readiness
Globenewswire· 2025-11-10 13:00
Core Insights - ESGold Corp. has completed the main mill building at the Montauban Gold-Silver Project in Quebec, marking a significant milestone towards production [1][2][6] - The company is now transitioning to equipment procurement and installation, moving into the commissioning phase [2][4][5] - ESGold anticipates first gold and silver production from Montauban in 2026 [5] Facility Completion - The mill building structure, concrete flooring, and interior divisions are fully completed, including the on-site gold room and laboratory for metallurgical testing [2][3] - The completion of the facility allows ESGold to focus on sourcing and installing processing equipment necessary for the Merrill Crowe circuit [4] Equipment Procurement - ESGold has initiated procurement of processing equipment, including clarifying tanks, filtration units, and vacuum systems [4] - The company plans to move into system integration and commissioning once all components are received [4] Exploration Planning - ESGold's geological team is finalizing a comprehensive 3D geological model for the Montauban district, which will guide future exploration and drilling [7] - The model integrates various data types to refine drill targets and identify deeper mineralized structures [7] Economic Assessment - The Updated Preliminary Economic Assessment (PEA) indicates a robust economic outlook with an after-tax NPV (5%) of C$24.27 million and an after-tax IRR of 60.3% [10] - The project is expected to have a payback period of less than two years from the start of production, highlighting strong project economics [10] Strategic Positioning - ESGold is well-positioned to transition from construction to commissioning, with funding secured and construction complete [8] - The company aims to create a long-term platform for growth and value creation for shareholders [6][12]
Lincoln Gold Announces Shares for Debt Transaction and Corporate Updates
Thenewswire· 2025-11-03 14:00
Core Points - Lincoln Gold Mining Inc. intends to settle CDN $101,000 of indebtedness through the issuance of 673,333 units at an issue price of $0.15 per unit, which includes one common share and one-half of a warrant [1][2] - The creditor was unable to subscribe for the full amount in a previous private placement due to conditional approval from the TSX Venture Exchange [2] - The securities issued will be subject to a four-month hold period and the settlement is pending Exchange approval [3] Financial Transactions - The company will not proceed with a previously announced shares for debt transaction [4] - Lincoln Gold has secured an unsecured loan of CDN $190,160 from Ian Rogers, the Chair of the Board, with a 1% monthly interest rate, repayable in 24 months [5] - The loan is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority shareholder approval requirements [5] Company Overview - Lincoln Gold is a Canadian precious metals development and exploration company based in Vancouver, BC, with interests in the Bell Mountain gold-silver property and the Pine Grove gold property [6] - The Bell Mountain project is fully permitted and moving towards production, while the Pine Grove project is in the final stages of permitting [6] - Both projects are located within 61 air miles of each other in the Walker Lane mineral belt, known for its gold and silver deposits [6]
Daura Gold Secures Option to Acquire up to 80% Interest in the High-Grade Cerro Bayo and La Flora Gold-Silver Projects, Santa Cruz Province, Argentina
Newsfile· 2025-11-03 13:30
Daura Gold Secures Option to Acquire up to 80% Interest in the High-Grade Cerro Bayo and La Flora Gold-Silver Projects, Santa Cruz Province, ArgentinaNovember 03, 2025 8:30 AM EST | Source: Daura Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - Daura Gold Corp. (TSXV: DGC) ("Daura" or the "Company") is pleased to announce it has entered into a binding letter agreement (the "Agreement") with Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) ("Latin Metals"), an arms-lengt ...
Xali Gold Announces Stock Options Grant
Globenewswire· 2025-10-30 17:23
Core Points - Xali Gold Corp. has granted incentive stock options for 2,200,000 common shares at an exercise price of $0.05 per share, with a term expiring on October 30, 2030 [1] - The acquisition of the Pico Machay Gold Project in Peru is deemed fundamental for Xali Gold and is pending approval from the TSX Venture Exchange [2] - Pico Machay has a history of exploration since 1997, with previous engineering studies indicating potential for a low-cost open-pit heap-leach operation [3] - Xali Gold is focused on advancing gold and silver exploration opportunities in the Americas, with a near-term production goal for the Pico Machay project [4] - The company also holds exploration potential and two royalty agreements related to the El Oro gold-silver Project in Mexico [5] Company Overview - Xali Gold is a gold and silver exploration company with a focus on projects in the Americas [4] - The company is committed to being a responsible community partner [5] - Joanne C. Freeze serves as the Qualified Person for the discussed projects, ensuring compliance with National Instrument 43-101 [6]
Astra Commences Phase II Drilling at La Manchuria Gold and Silver Project in the Deseado Massif, Argentina
Newsfile· 2025-10-29 10:00
Core Insights - Astra Exploration Inc. has commenced Phase II drilling at the La Manchuria Gold and Silver Project in Santa Cruz, Argentina, following a successful Phase I program [1][2] Group 1: Drilling Program - The Phase II drill program will consist of approximately 10,000 meters of diamond drilling, with 5,000 meters expected to be completed by December 2025 and another 5,000 meters in Q1 2026 [2] - The drilling is fully funded, with a treasury balance exceeding C$7,000,000 [2] Group 2: Phase I Results - Phase I drilling indicated that La Manchuria has a larger vein system than previously recognized, with significant gold and silver grades found near the surface [3] - Results from Phase I support the geological model that mineralization is open in all directions, suggesting the presence of a preserved epithermal system [3] Group 3: Geological Insights - Detailed mapping has revealed low temperature silica and vein fragments at the surface, contained in andesitic rocks and post-mineral breccias [4] - The mapping confirms favorable host rock units at depth, indicating potential for La Manchuria to host a large, high-grade gold-silver epithermal system [4] Group 4: Company Overview - Astra Exploration Inc. is a precious metals exploration company based in Vancouver, BC, focused on building a portfolio of high-quality projects in key mining jurisdictions in Latin America [5] - The La Manchuria project is a high-grade low sulphidation epithermal deposit located in the Deseado Massif, which hosts multiple world-class precious metals deposits [6]