exploration

Questcorp Mining (QQCMF) reports positive developments at its La Union Gold-Silver Project in Sonora, Mexico. A 1,500-meter maiden drill program is planned for mid-August 2025. Exploration revealed stacked thrust faults and new intrusives. Surface samples showed high grades: 59.4 g/t gold, 833 g/t silver, and significant zinc, lead, and copper. The 2,520-hectare property, a carbonate replacement deposit (CRD), shows potential for large-scale gold and underlying porphyry copper mineralization.

Honey Badger Silver Inc. successfully closed the first tranche of its private placement, raising approximately $2.01 million. The financing, involving non-flow-through units and flow-through shares, will fund exploration on properties in the Yukon, Northwest Territories, and Nunavut, as well as property advancement and acquisitions. Prominent investor Eric Sprott participated in the round.

Reyna Silver Corp. completed a $1.1 million non-brokered private placement, linked to Torex Gold Resources Inc.’s acquisition of Reyna. The placement, priced at $0.095 per unit, includes warrants exercisable at $0.13. Proceeds will fund option agreement payments and exploration in Nevada. Completion is contingent on TSXV approval, with securities subject to a four-month hold period. Reyna Silver focuses on high-grade silver deposits in North America, including projects in Nevada and Mexico.

Stillwater Critical Minerals Corp. closed the initial tranche of its private placement, raising C$3,479,164 through the sale of units at C$0.23 each. The proceeds will fund exploration at its Stillwater West project in Montana, along with a smaller program at its Kluane project in Yukon. Red Cloud Securities Inc. acted as agent. Glencore Canada will exercise its equity participation rights in the upcoming final tranche.

TotalEnergies acquired a 25% stake in 40 offshore exploration leases from Chevron in the U.S., spanning ~1,000 sq km across Walker Ridge, Mississippi Canyon, and East Breaks areas. This expands TotalEnergies’ U.S. offshore presence, building on collaborations with Chevron in projects like Ballymore and Anchor. The move reinforces TotalEnergies’ commitment to low-emission projects and its integrated energy strategy, including significant investments in LNG and renewables in the U.S. since 2022.