Salazar Resources Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for Salazar Resources Ltd
Perm ID: 1-4295861194
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Salazar Resources Announces Update on Construction Plan and Schedule for the Development of the El Domo Project
Salazar Resources updates on El Domo mine construction, targeting 2026 production with Silvercorp as operator; Salazar holds a 25% carried interest.
Salazar Resources Announces Final Closing of Private Placement
Salazar Resources Limited announced the successful closing of a non-brokered private placement, raising $1.75 million by issuing 25 million shares at $0.07 each. Proceeds will fund working capital and exploration, with insider participation exempt from certain regulations.
Salazar Resources Announces Initial Closing of Private Placement
Salazar Resources Limited has announced the initial closing of a non-brokered private placement, raising $1,066,940 by issuing 15,242,000 shares at $0.07 each. They plan to complete a total of 9,758,000 additional shares, with proceeds for working capital and exploration.
Salazar Resources Announces Private Placement
Salazar Resources Limited is conducting a non-brokered private placement to issue up to 25 million shares at $0.07 each, aiming to raise $1.75 million for working capital and exploration. Insiders will participate, and the offering is subject to regulatory approvals.
Salazar Resources Announces Purchase of Ecuadorian Exploration Properties from Silvercorp Metals Inc.
Salazar Resources Limited has signed a binding agreement to purchase exploration assets in Ecuador from Silvercorp Metals Inc., acquiring full ownership of certain projects in exchange for NSR royalties. The transaction is expected to finalize in Q1 2025.
Salazar Resources Financial Year-End Change to March 31
Salazar Resources Limited has announced that it will change its financial year-end from December 31 to March 31. This move is aimed to align the company's financial reporting with its new strategic partner, Silvercorp Metals Inc., through its subsidiary, Adventus Mining Corporation. Adventus owns a 75% stake in the Curipamba project, while Salazar retains a 25% interest. The company plans to report audited financial results for a transitional 15-month period ending March 31, 2025, and thereafter will follow a quarterly reporting schedule based on a March 31 financial year-end.
