Colibri Resource Stock Price, News & Analysis

Colibri Resource Corporation (TSXV: CBI) announces that its joint venture partner, Tocvan Ventures Corp., has received approval for a 50,000-tonne pilot mine facility in Sonora, Mexico. The facility is strategically located near the Pilar Gold & Silver Project, which is 49% owned by Colibri and 51% by Tocvan.

The Pilar project has demonstrated promising results, with a 1,400-tonne bulk sample in 2023 yielding 1.9 g/t Au average head grade and 62% gold recovery using heap leach methods. Recent drilling highlights include intercepts of 83.5m at 1.3 g/t Au and 116.9m at 1.2 g/t Au. Metallurgical studies have shown excellent recovery rates of 95-99% for gold and 73-97% for silver using gravity recovery with agitated leach.

Colibri Resource Corporation (OTC:CRUCF) announced a significant change in its Board of Directors. Jamie Lavigne, P. Geo, has resigned from his position as Director, effective immediately. The company has appointed Mark Smethurst, P. Geo as his replacement.

Smethurst brings over 25 years of mining industry experience and currently serves as Director, Technical Manager, and Geology Consultant at Canadian Gold Resources Ltd. His extensive background includes leadership roles at Newpath Resources, Tocvan Ventures, and Rockcliff Resources. Smethurst holds a B.Sc. in Geology from the University of Toronto, an M.Sc. in Geophysics & Geology from the University of Windsor, and is a CFA-Level III candidate.

Colibri Resource Corporation (TSXV: CBI) has withdrawn its previously announced amendments to outstanding debentures, warrants, and finder's options. The company has decided against proceeding with the changes after reviewing its capital requirements and market conditions.

Key financial details include: US$444,000 of debentures matured on August 1, 2025, and an additional US$175,000 will mature on August 31, 2025. Additionally, 2,637,582 warrants expired on August 1, with 1,083,200 warrants and 11,049 finder's options set to expire on August 31, 2025. Management is developing a new comprehensive financing plan to address maturing debentures and working capital needs.

Colibri Resource Corporation (TSXV: CBI) has announced proposed amendments to its outstanding convertible debentures and warrants. The company plans to modify US$619,000 of outstanding 10% unsecured convertible debentures, along with 3,720,792 warrants and 11,049 finders' options.

Key amendments include extending the maturity dates by two years to 2027 and reducing the conversion price to C$0.25 per share. Alternatively, debenture holders can convert at C$0.15 per share at the current maturity date. The changes aim to strengthen Colibri's balance sheet and support the advancement of its Pilar Gold & Silver Project, which is progressing toward a 50,000-tonne pilot leach facility.

Colibri Resource Corporation (TSXV: CBI) held its Annual General Meeting on June 13, 2025, with 9,451,871 common shares (8.19% of outstanding shares) represented. Shareholders showed strong support with 99.88% approval for all resolutions. Six directors were re-elected: Ian McGavney, Ronald Goguen Sr., Jamie Lavigne, William MacDonald, Kevin O'Connor, and Camilla Cormier, each receiving 99.88% of votes. Kreston GTA LLP was appointed as auditor, and the company's 10% rolling stock option plan was re-approved, both with 99.88% support. The company continues to focus on its gold exploration portfolio in Sonora, Mexico, particularly the Pilar Gold & Silver joint venture and EP Gold Project.

Colibri Resource Corporation (TSXV: CBI) has received TSX Venture Exchange approval for a 5:1 share consolidation, effective June 13, 2025. The consolidation will reduce the company's outstanding shares from 115,417,625 to approximately 23,083,525 shares. The company will maintain its current name and trading symbol, but has obtained a new CUSIP (194168407) and ISIN (CA194168407). Fractional shares will be rounded up if at least half a share, and down if less than half. Exercise prices and share amounts for convertible securities will be adjusted proportionally. Registered shareholders will receive instructions from Computershare Investor Services Inc. for exchanging share certificates, while holders of DRS/Book or brokerage accounts require no action.

Colibri Resource Corporation (TSXV: CBI) has announced strategic developments to strengthen its position in the mining sector. The company has increased its ownership in the Diamante Gold-Silver Project in Sonora, Mexico to 60% and plans to acquire the remaining interest from joint venture partner Silver Spruce Resources. Key highlights include:

- Acquisition of Silver Spruce's 50% stake in Yaque Minerales in exchange for $80,000 in outstanding exploration expenditures
- Sale of 50% interest in the Jackie Project to Silver Spruce for $25,000 in shares plus 1% NSR royalty
- Implementation of a 5:1 share consolidation, reducing outstanding shares from 115.4M to approximately 23.1M

Recent drilling results at Diamante revealed significant gold-silver mineralization, with highlights including 9.0 meters at 2.48 g/t Au and 56.70 g/t Ag at the La Prieta Target. The project is strategically located in the Sierra Madre region, near several producing mines.

Colibri Resource (TSXV: CBI) has announced results from the final three holes of a 10-hole diamond drilling program at the El Pilar Gold & Silver Project in Sonora, Mexico. The company holds a 49% interest alongside 51% partner Tocvan Ventures.

Key highlights include:

• Extension of Main Zone by 70 meters south with high-grade results
• Drill hole JES-25-112 returned 7.2 g/t Au and 80 g/t Ag over 2.6 meters
• Broader mineralization zone averaging 0.5 g/t Au over 46.9 meters from 54.5 meters depth
• Core duplicate analysis showed 18 g/t Au over 1.1 meters, indicating presence of coarse gold

The company plans to advance a maiden resource estimate and is finalizing plans for an upcoming up to 50,000-tonne test mine/bulk sample. Previous metallurgical studies showed promising recovery rates of 95-99% for gold and 73-97% for silver through gravity recovery with agitated leach.

Colibri Resource (TSXV: CBI) has successfully closed the second and final tranche of its non-brokered private placement, raising $146,500. Combined with the first tranche from February 11, 2025, the total proceeds amount to $286,900.

The offering consisted of units comprising one common share and one warrant, with each warrant allowing purchase of an additional common share at C$0.05 for 24 months. In total, 11,476,000 common shares and warrants were issued. The company paid $2,000 in finder's fees and issued 80,000 finder's warrants.

Proceeds allocation:

• 20% for exploration at Mexican precious metals projects
• 65% for creditors and loan interest payments
• 15% for non-arm's length party expense reimbursements

Three insiders participated, investing $82,475 for 3,299,000 units.