Precious Metals

Sierra Madre Gold and Silver (SMDRF) granted 2,750,000 stock options at $0.73 per share to employees, directors, management, and consultants. The options have a five-year exercise window. Vesting for most options occurs in three stages: one-third immediately, one-third after six months, and the final third after twelve months. 40,000 options are allocated to Adelaide Capital, vesting quarterly over a year. The grant awaits TSX Venture Exchange approval.

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.

OR Royalties Inc. amended its revolving credit facility, switching to U.S. dollar denomination and increasing it to $650 million, with a potential $200 million accordion. The company aims to leverage this enhanced financial flexibility for growth opportunities. Furthermore, OR Royalties will receive $49 million from the MAC Copper acquisition by Harmony Gold.