Friday, September 12, 2025

Latest

Aztec Minerals Sees Alamos Gold Take 9.9% Stake In Company

Aztec Minerals (TSXV: AZT) is set to have a new strategic investor. The company announced this morning that it will be conducting a private placement, with Alamos Gold (TSX: AGI) set to be a lead order on the financing.

The financing will see Aztec raise gross proceeds of $3.0 million at a price of $0.30 per unit. Each unit under the offering is set to contain one common share and one whole warrant. Warrants are valid for a period of two years from the date of issuance and contain an exercise price of $0.40 per each.

Alamos Gold is set to take the lead order on the offering, with its investment under the financing to result in the company taking a 9.9% interest in Aztec on a post-financing basis. Notably, Alamos’ Mulatos Gold Mine in Mexico is found just sixty kilometres to the east of Aztec’s Cervantes project.

Proceeds from the financing are to be used for the further exploration of Aztec’s Cervantes gold-copper project in Mexico, as well as its Tombstone property in Arizona, along with general working capital purposes.

Aztec Minerals last traded at $0.31 on the TSX Venture.


FULL DISCLOSURE: Aztec Minerals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Aztec Minerals on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Arizona: A Resurgence of Gold Exploration

Arizona has a history of mining extending back to the 18th century. The Spanish, who...

Saturday, October 17, 2020, 08:30:00 AM

Alamos Gold Q4: Extremely Positive Record Revenue

Well folks we’ve finally got a producer this week reporting positive earnings. Extremely positive. Record...

Sunday, February 23, 2025, 03:35:00 PM

Metalla Royalty A Model Of The Modern Monarch

This week’s series on gold royalty companies started with a look at original King of...

Thursday, February 6, 2020, 08:55:39 AM

Alamos Gold Raises Production Guidance By 13% In 2024, 22% In 2025

Alamos Gold Inc. (TSX: AGI) has unveiled an updated three-year production and capital expenditure forecast,...

Friday, September 13, 2024, 11:05:00 AM

Alamos Gold Renews Share Buyback Program

Alamos Gold (TSX: AGI) appears to be in the mood to spend money. Following its...

Friday, December 18, 2020, 08:43:55 AM