Idaho

Revival Gold Inc. (TSXV: RVG, OTCQX: RVLGF) has entered an agreement to acquire Ensign Minerals Inc., enhancing its asset base with the addition of the Mercur Gold Project in Utah. This strategic acquisition, valued at C$21.9 million, is set to increase Revival Gold’s production capabilities to approximately 150,000 ounces of gold annually, propelling it towards becoming a mid-tier heap leach gold producer in the US. The transaction includes a concurrent financing of C$7 million to support ongoing development and exploration efforts, emphasizing Revival Gold’s commitment to growth and operational efficiency. [more]

We have written a 45-page Initiation Report on Silver Bullet Mines, a Canadian-based silver and copper exploration and development company that recently went public and raised over $6 million. SBMI’s main asset is the Black Diamond Property near Globe, Arizona, with silver and copper-gold porphyry projects. Near-term cash flow de-risks the project as work is already underway to get the Buckeye Mine back into production. We are Initiating Coverage with a Speculative Buy rating and one-year price target of $0.80. [more]