Salazar Resources Ltd. provides an update on El Domo Construction. Silvercorp Metals Inc. and the Company are in a joint venture for the development of the El Domo mine with Silvercorp holding a 75% interest and the Company a 25% carried interest. Silvercorp is operator of the Joint Venture and has been moving forward with construction of the El Domo mine. Silvercorp has recently provided an update to the Company on the [...]
Salazar Resources Ltd. is pleased to announce the final closing of the non-brokered private placement financing announced on December 24, 2024 and January 9, 2025. The Company has raised, in aggregate, gross proceeds of $1,750,000 by issuing a total of 25,000,000 common shares , at a price of $0.07 per Share. There was no finder's fee payable, and proceeds will be used for working capital, tenure payments, including [...]
Salazar Resources Ltd. is pleased to announce an initial closing of the non-brokered private placement financing previously announced. To date the Company has raised gross proceeds of $1,066,940 by issuing a total of 15,242,000 common shares , at a price of $0.07 per Share. Management expects the balance of the Private Placement totalling 9,758,000 Shares for an additional $683,060, being fully subscribed, will be [...]
Silvercorp Metals, its Ecuadorian subsidiary Curimining, and Salazar Resources, are pleased to provide a progress report on the El Domo Project. The Companies are still targeting to bring the Project into production in the second half of 2026 and have recently awarded the earthworks contract to a large international mining contractor with over 10 years of experience working in Ecuador. Progress Report Since Silvercorp [...]
Salazar Resources Ltd. announces that the Company has arranged a non-brokered private placement financing of up to 25,000,000 shares at a price of $0.07 per share to raise up to $ 1,750,000. Certain insiders will participate in the financing. There is no finder's fee payable, and proceeds will be used for working capital, tenure payments, including tenure payments on recently acquired properties and exploration. All [...]
Salazar Resources Ltd. is pleased to announce it has executed a binding Letter Agreement for the purchase, from Silvercorp Metals Inc. , of certain exploration assets in Ecuador . The parties will now work diligently to complete the necessary documentation to finalize the sale. Under the terms of the Agreement, the key terms of which are outlined below, Silvercorp will transfer the shares of two of its Ecuadorian [...]
Silvercorp Metals and Salazar Resources are pleased to announce that on Nov 12, 2024, the Provincial Court of Bolivar, in the province of Ecuador where the El Domo project is located, dismissed the appeal filed by the plaintiffs in respect of the Curipamba - El Domo constitutional protective action, affirming the rights of the Company's Ecuadorian subsidiary, Curimining S.A., to continue construction of the Project [...]
Salazar Resources Ltd. is pleased to announce it is changing its year-end to March 31 from December 31. The notice for the year-end change required under National Instrument 51-102 has been filed under the Company's profile at www.sedarplus.ca. The Board of Directors of the Company has determined that a March 31 financial year-end is preferable to a December 31 financial year-end as this change in year-end will [...]
Salazar Resources Ltd. is pleased to announce the closing of the non-brokered private placement financing announced on August 20, 2024. The Company has issued a total of 7,140,000 shares at a price of $0.07 per Share to raise $499,800. All securities issued in the Private Placement are subject to a four-month hold period and to all necessary regulatory approvals, including the final acceptance of the TSX Venture Exchange [...]
With the successful acquisition of Adventus Mining on July 31, 2024 and the receipt of the Change of Phase for the El Domo copper-gold project, Silvercorp Metals, its Ecuadorian subsidiary, Curimining, and Salazar Resources, are pleased to report that the Companies have initiated the process for construction with a goal to bring the Project into production some time in 2026, as previously planned. Senior Mining Executives [...]
Salazar Resources Ltd. announces that further to a price reservation filed on August 7, 2024, the Company has arranged a non-brokered private placement financing of up to 7,140,000 shares at a price of $0.07 per share to raise up to $499,800. Certain insiders will participate in the financing. There is no finder's fee payable and proceeds will be used for working capital and exploration. All securities to be issued in the [...]
Silvercorp Metals and Salazar Resources are pleased to announce that the Ministry of Energy and Mines of the Government of Ecuador has issued a Resolution of Change of Phase for the El Domo-Curipamba Project. The Resolution of Change of Phase advances the legal status of the Project from the Economic Evaluation Phase to the Exploitation Phase and allows for the start of construction and subsequent operation of the mine [...]
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