Proactive Investors
29 Jun 2026, 13:37 UTC · 2h ago
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Pinnacle Silver & Gold appointed Auramet Capital Partners to arrange up to $5 million in non-equity financing for the El Potrero project. — Securing non-dilutive funding reduces shareholder dilution and provides necessary capital to advance project development.
+0.60Metallurgical testing at El Potrero shows potential recoveries exceeding 97% for gold and approximately 70% for silver. — High recovery rates increase the projected economic viability and net asset value of the mining project.
+0.50Pinnacle has entered a seven-month exclusivity period with Auramet, including a $400,000 break fee if an alternative offer is accepted. — The exclusivity and break fee limit the company's ability to pivot to potentially better financing terms in the short term.
-0.20Which stocks this story touches
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The company announced a potential $5 million non-dilutive financing agreement and reported positive metallurgical testing results for its El Potrero project.
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