Welcome to our dedicated page for Defiance Silver news (Ticker: DNCVF), a resource for investors and traders seeking the latest updates and insights on Defiance Silver stock.
Defiance Silver Corp. (OTCQX: DNCVF; TSXV: DEF; FSE: D4E) regularly issues news updates about its mineral exploration activities in Mexico. The company’s releases focus on its district-scale Zacatecas silver-polymetallic project, the Tepal Gold/Copper Project in Michoacán, and its copper-gold-silver projects in Sonora acquired through Green Earth Metals Inc.
Recent news has highlighted technical results and field programs at the Zacatecas project, including a large trench sampling campaign on the Veta Grande vein system at the San Acacio area. Defiance has reported trenching across historical open pits, detailed channel sample results, and geological interpretations of silver-rich, polymetallic epithermal veins. The company also reports on drilling campaigns, such as a minimum 10,000-meter oriented core drill program at Zacatecas designed to support a future mineral resource estimate and test multiple targets.
Beyond Zacatecas, Defiance’s news flow covers project access and agreements at Tepal, including a six-year surface access agreement that allows surface exploration, drilling, and engineering studies and supports data collection for permit applications. The company also issues updates on corporate transactions, such as the acquisition and integration of Green Earth Metals Inc., which added the Victoria, Espiritu, and Los Ocotes copper-gold-silver projects in Sonora.
Investors following DNCVF news can also expect announcements on corporate and capital markets matters, including equity incentive grants under the company’s omnibus plan, shares-for-services arrangements, and shareholder meeting results. Together, these updates provide ongoing insight into Defiance Silver’s exploration progress, technical results, project agreements, and corporate developments across its Mexican portfolio.
Defiance Silver Corp (TSXV: DEF) (OTCQX: DNCVF) has announced two key developments: First, the extension of its San Acacio Silver Project option payment deadline from September 27 to December 31, 2024, with no changes to economic terms. Second, the acquisition of six new licenses totaling 636.25 hectares near the Tepal project for USD$20,000 + VAT. The new concessions show potential for Au-Cu-Mo mineralization based on regional airborne magnetics and SGM data. Additionally, the company has engaged Torrey Hills Capital for investor relations services at USD$5,000 monthly and issued 52,375 shares for administrative services.
Defiance Silver Corp. (TSXV: DEF) has issued a clarifying news release regarding statements made on July 12, 2024. The company clarifies that its engagement with AXINO Media GmbH for investor relations services began on July 1, 2024, not earlier as previously stated. AXINO is a private investor relations firm based in Germany, specializing in representing resource sector companies in European financial markets.
Additionally, Defiance Silver corrects that an administrative services agreement with an officer of the company, previously described as arm's length, is in fact non-arm's length. The company reiterates its focus 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) (OTCQX: DNCVF) has closed the final tranche of its non-brokered private placement, raising total gross proceeds of C$3,222,615. The offering consisted of units priced at C$0.20, with each unit comprising one common share and half a warrant. Each full warrant allows the purchase of one common share at C$0.35 within 24 months.
The company issued 16,113,075 units in total across two tranches. The net proceeds will fund exploration and working capital. In connection with the offering, Defiance paid C$110,868 in cash commissions and issued 748,453 non-transferable finder warrants. Securities from the final tranche are subject to a four-month hold period expiring November 26, 2024.
Defiance Silver announced the closure of the first tranche of a non-brokered private placement, raising C$2,613,900 through the sale of units at C$0.20 each. Each unit comprises one common share and one-half of a warrant, each warrant exercisable at C$0.35 within 24 months. The proceeds will be used for exploration and working capital.
Additionally, the company paid finder's fees, including C$146,809 in cash and 633,870 non-transferable warrants. Director Ron Sowerby purchased 100,000 units, constituting a related party transaction exempt from formal valuation and minority approval requirements as per Regulation 61-101.
Defiance also entered into a corporate communication service agreement with AXINO Media GmbH for annual payments of €50,000 and additional fees for translation services. The company will issue 52,375 shares at an average price of C$0.179 per share for administrative services provided from January to June 2024.
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