Nevada

Guardian Metal Resources plc has acquired the Pilot North Tungsten Project, comprising 59 BLM Lode Claims, just 15 km from its flagship Pilot Mountain Project in Nevada. This strategic expansion includes three historical tungsten mines, aiming to re-establish domestic US tungsten production. Initial fieldwork confirms promising skarn mineralization, with assays pending and further geological assessment planned.

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.

i-80 Gold Corp. raised $184 million through a $173 million bought-deal public offering and an $11.12 million private placement, each unit priced at $0.50 with half-warrants convertible at $0.70 by November 2027. Proceeds will refurbish the Perth-Shine facility and accelerate resource delineation at four Nevada sites ahead of its 2026 production target. Anchored by National Bank Financial and Cormark Securities, the financing supports i-80’s shift to a mid-tier producer near AngloGold’s Pipeline Mine and Barrick’s Goldrush, leveraging a regulatory-ready hub-and-spoke model. Despite higher all-in sustaining costs (AISC) and permitting delays, the stock trades at a 16.4% Z-score discount to industry peers, amid surging Nevada land valuations and Carlin Complex volatility risks.