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Defiance Silver Corp. reports exploration and corporate developments for precious and base metal projects in Mexico. The company focuses on the Zacatecas Project in the historic Zacatecas Silver District, the 100%-owned Tepal Gold-Copper Project in Michoacán, and the Green Earth Metals property portfolio in Sonora State.
Recurring news includes diamond drilling and trench sampling results at San Acacio and the Veta Grande system, environmental authorizations from SEMARNAT, surface access arrangements for exploration targets, and project data that supports mineral-resource work. Company updates also cover shareholder-meeting results, board and auditor approvals, omnibus plan matters, and financing-related disclosures.
Defiance Silver has appointed Armando Vazquez as Vice President, Operations, effective May 1, 2025. Vazquez, who holds an M.Sc. in Exploration Geology and is a Certified Professional Geologist (C.P.G.), brings over 14 years of exploration expertise to the role.
Currently serving as Senior Consultant at OreQuest Consultants, Vazquez has been supporting Defiance Silver's strategic development since 2020. His experience spans various deposit types, including epithermal, porphyry, and orogenic gold systems across Mexico, the UK, and Finland.
The company also reported issuing 33,448 Common Shares at $0.244 per share, totaling $7,980, as part of an administrative services agreement. These shares are subject to a four-month hold period and comply with TSX Venture Exchange policies.
Defiance Silver Corp (TSXV: DEF) has announced a strategic acquisition of Green Earth Metals Inc (GEMS), a private company with three drill-permitted copper-gold-silver-molybdenum projects in Mexico's Sonoran Desert. The transaction involves issuing 4,954,613 Defiance shares at C$0.255 per share, totaling C$1,250,000.
The acquisition includes the Victoria, Espiritu, and Los Ocotes projects, covering 6,795.22 hectares in prime mining territory near major operations like Alamos Gold's Mulatos Mine. The projects are located in the Sonoran Desert porphyry copper belt, known for hosting significant copper-gold deposits.
As part of the deal, Defiance will invest C$150,000 in GEMS through a convertible debenture bearing 8% annual interest, maturing in two years. The transaction completion is subject to due diligence, definitive agreement execution, and regulatory approvals, expected within 75 days of the agreement signing.
Defiance Silver Corp. (DNCVF) has announced a strategic acquisition of Green Earth Metals Inc. (GEMS), a private company with three drill-permitted copper-gold-silver-molybdenum projects in Mexico's Sonoran Desert. The transaction involves Defiance issuing 4,954,613 shares at C$0.0255 per share, totaling C$1,250,000, plus a C$150,000 convertible debenture investment.
The acquisition includes the Victoria, Espiritu, and Los Ocotes projects, covering 6,795.22 hectares near major operating mines including Alamos Gold's Mulatos Mine. The projects are located in the Sonoran Desert porphyry copper belt, known for hosting significant copper-gold deposits like Cananea and La Caridad.
The deal is subject to due diligence, definitive agreement execution, and regulatory approvals. At least 90% of GEMS shareholders must agree to exchange their shares, with completion expected within 75 days of the definitive agreement signing.
Defiance Silver Corp (TSXV: DEF) (OTCQX: DNCVF) has announced several corporate updates. The company has engaged Capital Analytica for investor relations services starting March 1st, 2025, with a six-month contract valued at $120,000.
The company has granted various equity awards including:
- 2,888,500 stock options at $0.22 exercise price
- 643,500 Deferred Share Units to directors
- 55,000 Performance Share Units to employees
- 252,475 Restricted Share Units to employees
Additionally, Defiance has issued 33,448 shares at an average price of $0.244 per share for administrative services rendered between July-December 2024, totaling $7,980. The company focuses on developing the Zacatecas project in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán, Mexico.
Defiance Silver Corp (TSXV: DEF) has successfully closed the third and final tranche of its non-brokered private placement, raising C$975,000 through the issuance of 4,875,000 Units at C$0.20 per Unit. The total offering resulted in aggregate gross proceeds of C$3,267,800 from 16,339,000 Units.
Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$0.35 for 24 months. The company paid finder's fees totaling C$166,368 and issued 831,840 Finder Warrants. The proceeds will support exploration activities and general working capital purposes.
The securities are subject to a four-month hold period, and the offering awaits final approval from the TSX Venture Exchange. Defiance Silver focuses on advancing the Zacatecas project in Mexico's historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state.
Defiance Silver Corp (TSXV: DEF) has successfully closed the second tranche of its non-brokered private placement, issuing 7,803,000 Units at C$0.20 per Unit for gross proceeds of C$1,560,600. This follows the first tranche closure on January 20, 2025, which raised C$732,200. The company plans a third tranche to reach total proceeds of C$3,300,000.
Each Unit consists of one common share and half a warrant, with each full warrant exercisable at C$0.35 for 24 months. The company paid finder's fees of C$75,336 and issued 376,680 non-transferable warrants. Proceeds will fund exploration and working capital. Securities are subject to a four-month hold period, and the offering awaits final TSX Venture Exchange approval.
Defiance Silver (TSXV: DEF) (OTCQX: DNCVF) has filed an amended technical report for its 100% owned Tepal Gold-Copper Project. The amendment follows the December 10, 2024 announcement of a Mineral Resource Estimate (MRE) and primarily involves changes to specific columns in the Tepal Project Mineral Resource Estimate Table and minor edits to Resource Estimates Notes.
The amended report, titled 'NI 43-101 Technical Report and 2024 Mineral Resource Estimate for the Tepal Project, Michoacán, Mexico,' has an effective date of October 30, 2024. The report was prepared by independent Qualified Persons from Micon, including William J. Lewis, Chitrali Sarkar, and Richard Gowans. Importantly, there have been no changes to the actual mineral resource estimates previously reported in December 2024.
Defiance Silver Corp (TSXV: DEF) has closed the first tranche of a non-brokered private placement, issuing 3,661,000 Units at C$0.20 per Unit for gross proceeds of $732,200. Each Unit consists of one common share and one-half warrant, with each whole warrant exercisable at C$0.35 for 24 months.
The company will use the proceeds for exploration and working capital. The offering included finder's fees of $24,132 and 120,660 non-transferable warrants exercisable at C$0.20 for two years. The securities are subject to a four-month hold period.
Additionally, the company clarified that for its previous private placement which closed in July 2024, raising $3,222,615 from 16,113,075 units, the total cash commissions paid were $149,690.60.
Defiance Silver Corp (TSXV: DEF) has announced an extension to its San Acacio Silver Project option agreement in the Zacatecas district. The scheduled payment originally due December 31, 2024, has been rescheduled to March 31, 2025. The amendment was signed by both parties and awaits notarization in Mexico City, with no changes to the economic terms of the option agreement.
The company operates the district-scale Zacatecas Project in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán state, Mexico. Defiance focuses on capital-efficient exploration aimed at resource growth and new mineral discoveries.