
Junior corporate roundup: Canasil, Cancana, Wealth, Bacanora

Vancouver's Canasil Resources closed the first tranche of a non-brokered private placement of units for proceeds of Cdn$488,000 (US$376,892), the company said in a press release.
The proceeds will be used for exploration at its mineral properties and working capital. The balance of the placement is expected to close by June 29. Cansail has properties in Mexico and Canada.
***
Vancouver-based Cancana Resources renegotiated the interest rate and extended the US$2mn loan from its largest shareholder and JV partner in the BMC manganese project in Brazil, Ferrometals BV, which was due June 30.
The new repayment date is November 30, while the interest rate for the extended period will be zero. To date the company has drawn down US$750,000 of the US$2mn available, a statement said.
***
Chile-focused Wealth Minerals executed a letter of intent to acquire an option to a 100% interest in the Salar 1 and 2 exploration concessions in the Aguas Calientes salt flats in Antofagasta region (II).
Wealth can acquire the properties by issuing 1mn shares to the vendor in various stages, according to a release.
***
Mexico-focused Bacanora Minerals plans to change its governing corporate jurisdiction from Canada to the UK, given its AIM listing and the "positive reception" from UK investors, as well as to reflect the fact that its senior management is based in Britain, the company said in a statement.
Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.
News in: Mining & Metals (Mexico)

Mexico negotiating recovery of Sonora lithium concession
Minister of economy Raquel Buenrostro is in charge of the negotiations with the CEO of the lithium company, which was not named.

Mexico: Silver Tiger Metals Discovers New Wide High Grade Sulphide Zone Intersecting 6.0 Meters of 2,025.5 g/t Silv...
Silver Tiger Metals Inc. has intersected 2,025.5 g/t total silver...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Mexico)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Adelita
- Current stage:
- Updated:
3 months ago
- Project: Cerro de Oro
- Current stage:
- Updated:
4 months ago
- Project: Los Venados
- Current stage:
- Updated:
4 months ago
- Project: Cecilia
- Current stage:
- Updated:
4 months ago
- Project: Angangueo
- Current stage:
- Updated:
4 months ago
- Project: La Verde
- Current stage:
- Updated:
4 months ago
- Project: La Unión
- Current stage:
- Updated:
4 months ago
- Project: Caballo Blanco
- Current stage:
- Updated:
4 months ago
- Project: Sandra (ex Sandra-Escobar)
- Current stage:
- Updated:
4 months ago
- Project: La Cigarra
- Current stage:
- Updated:
4 months ago
Other companies in: Mining & Metals (Mexico)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: ICA Fluor, S. de R.L. de C.V.  (ICA Fluor)
-
ICA-Fluor Daniel, S. de R.L. de C.V. (ICA Fluor) is a JV formed in 1993 between Mexican engineering construction group ICA and US-based engineering, procurement, construction an...
- Company: Metalsa, S.A. de C.V.  (Metalsa)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by BNamericas’ content team. However, it may have been au...
- Company: Outokumpu Mexinox S.A. de C.V.  (Outokumpu Mexinox)
-
Outokumpu Mexinox is stainless steel producer with a distribution network that spans the Americas. it was owned by German firm ThyssenKrupp until the company was acquired by Fin...
- Company: Assa Abloy Global Solutions Mexico S.A. de C.V.  (Assa Abloy Global Solutions – Critical Insfrastructure Mexico)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Toro Drilling, S.A. De C.V.  (Toro Drilling)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...