Welcome to our dedicated page for Diamcor Mining news (Ticker: DMIFF), a resource for investors and traders seeking the latest updates and insights on Diamcor Mining stock.
Diamcor Mining Inc. (DMIFF) generates news primarily around its diamond mining activities, project development, and financing initiatives. As a fully reporting Canadian diamond mining company with a proven history in the mining, exploration, and sale of rough diamonds, Diamcor’s updates often center on the progress and funding of its flagship Krone-Endora at Venetia Project in South Africa.
News coverage for Diamcor frequently includes announcements about private placements, term loan financings, and non-dilutive funding arrangements with industry partners. The company has reported multiple financings aimed at increasing processing volumes, advancing work programs, and supporting bulk sampling and expansion across the greater portions of the Krone-Endora project area.
Another recurring theme in Diamcor’s news is its long-term strategic alliance with Tiffany & Co. Canada. Releases describe Tiffany & Co. Canada’s first right of refusal to purchase future production of rough diamonds up to 10.8 carats from Krone-Endora, as well as loan and security agreements, amendments to outstanding loans, and related creditor actions. These items can be important for readers monitoring Diamcor’s capital structure, creditor relationships, and project funding.
Operational and regulatory updates also appear in Diamcor’s news flow. The company has disclosed delays in financial statement filings, applications for a management cease trade order, and the impact of supply chain disruptions, tariffs, and creditor enforcement steps on its South African operations and audit timelines. In addition, news items cover shareholder meetings, voting results on corporate matters, and access to meeting materials.
Investors and observers following DMIFF news can expect a mix of project-level developments at Krone-Endora, financing transactions, alliance-related disclosures with Tiffany & Co. Canada, and regulatory or governance updates that together outline the company’s ongoing efforts to advance its diamond mining business.
Diamcor (OTC: DMIFF) announced that, under an agreement effective February 6, 2026, Tiffany & Co. Canada agreed to release and discharge the company from all security and indebtedness related to outstanding Tiffany credit facilities and to terminate the parties' off-take agreement.
The company also disclosed it received an extension to hold its 2025 Annual General Meeting until June 30, 2026 from the British Columbia Registrar of Companies.
Diamcor Mining (TSX-V:DMI) has announced it will miss the July 29, 2025 deadline for filing its audited financial statements and management's discussion for the year ended March 31, 2025. The delay is attributed to incomplete funding objectives and operational challenges, including industry-wide supply chain disruptions and enforcement actions by major creditor Tiffany & Co.
The company has applied for a Management Cease Trade Order and outlined a remediation plan targeting completion by September 29, 2025. Key steps include finalizing arrangements with Tiffany to defer insolvency proceedings, completing funding objectives, and delivering required submissions to auditors PricewaterhouseCoopers and MNP LLP.
Diamcor Mining (DMIFF) has secured a non-binding letter of intent for a USD $5 million non-dilutive financing with a Dubai-based diamond manufacturer. The financing terms will include security interest, interest component, and revenue participation, with no share or warrant issuance.
The proceeds will be used to expedite processing of stockpiled oversized material, deploy additional assets to increase processing volumes at the Krone-Endora at Venetia Project, advance existing work programmes, conduct bulk sampling, and support general corporate purposes.
The company also announced the results of its December 30, 2024 Annual General Meeting, where shareholders approved all resolutions with significant majorities, including the election of directors and amendments to the stock option plan. The meeting saw 52.49% of total shares voted.
Diamcor Mining announces a revised term loan financing of up to CAD$1,000,000. The unsecured loans will carry a 15% annual interest rate and include the issuance of 400,000 common shares per CAD$100,000 of principal advanced. The loans will mature in 12 months from closing, with no warrants being issued.
Management and key shareholders are expected to participate in this financing. Proceeds will fund increased processing volumes at the Krone-Endora at Venetia Project in 2025, advance existing work programs, and support expansion into greater project areas. The company is also in advanced discussions for larger non-dilutive facilities, with details forthcoming. This financing replaces the previously announced October 30, 2024 financing plan.
Diamcor Mining has reached an agreement with Tiffany & Co. Canada to restructure its outstanding loans. The agreement requires Diamcor to make an initial payment of CAD $2,000,000 within 90 days of signing, followed by a final payment of CAD $1,505,256 one year after the initial payment. This restructuring will reduce the total loan balance from CAD $6,753,045 to CAD $3,505,256, effectively lowering the company's debt obligations.
Diamcor Mining (TSX-V:DMI)(OTCQB:DMIFF) announces that due to the ongoing Canada Post labour strike, meeting materials for the upcoming annual general and special meeting on December 30, 2024, are available electronically on SEDAR+ and the company's website.
Shareholders must submit their votes by 10:00 a.m. (PST) on December 24, 2024. Non-Objecting Beneficial Owners (NOBOs) and Registered Shareholders can access materials and vote online, requesting control numbers from Computershare. Objecting Beneficial Shareholders should contact their brokers for voting materials.
Diamcor Mining announces a CAD$1,500,000 term loan financing with a 15% annual interest rate. For every CAD$100,000 advanced, the company will issue 150,000 common shares and 75,000 share purchase warrants exercisable at CAD$0.07 per share. The loans will mature in 12 months.
The funds will support increased processing volumes at the Krone-Endora at Venetia Project, advance existing work programmes, and prepare for bulk sampling expansion. The company notes improving conditions in the rough diamond sector, citing inventory normalization, stricter Russian diamond sanctions, and increased luxury retailer marketing efforts highlighting natural diamonds' value versus lab-grown alternatives.
Diamcor Mining announces a term loan financing of up to CAD$1,500,000 to support increased processing volumes at its Krone-Endora at Venetia Project. The unsecured loans will carry a 15% annual interest rate, with the company issuing 150,000 common shares and 75,000 share purchase warrants per CAD$100,000 borrowed. The warrants are exercisable at CAD$0.07 per share for 12 months. The financing aims to expedite processing operations, advance work programmes, and prepare for bulk sampling expansion. The company notes improving market conditions in the rough diamond sector, with expectations of recovery in 2025 due to balancing inventories, Russian diamond sanctions, and increased marketing efforts for natural diamonds.
Diamcor Mining has received final approval from the TSX Venture Exchange for a CND$2,006,300 non-brokered private placement. This Offering, announced on July 2, 2024, includes significant participation from existing insiders and major shareholders, with NM Management acquiring 6,000,000 units for CND$300,000. Pre-Offering, NM held 25,827,890 shares (20.09% of the issued and outstanding shares), and post-Offering, they hold 31,827,890 shares and 6,000,000 warrants (18.12% on a partially diluted basis). A total of 40,126,000 units were issued in the Offering at CND$0.05 per unit, each consisting of one Class 'A' Common share and one non-transferable share purchase warrant exercisable at CND$0.075 within 36 months. The Offering adheres to TSX Venture Exchange Policy 5.9 and MI 61-101 regulations. All securities are subjected to a hold period of four months plus one day following issuance.
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