Pinnacle Silver & Gold Corp has completed a $1.65 million private placement to fund the development of its El Potrero gold-silver project in Durango, Mexico. The funds will support project evaluations, refurbishing an existing processing plant, and general working capital. El Potrero is near four operating mines and includes three historic mines along a 500-meter strike that have not been explored with modern methods. Pinnacle aims to earn up to 100% interest in the project, starting with 50% upon production commencement, subject to a 2% net smelter return royalty.
Pinnacle Silver and Gold's recent $1.65 million private placement is noted here alongside Pluang's Basic Materials sector market snapshot. As of Oct 03, 2026 01:02 WIB, 27 of 38 priced US Basic Materials stocks rose while 11 fell. Notable movers include ICL at USD 5.05 with a 1.61% increase and a typical hold time of 56 days, and HMY at USD 17.27 down 1.46%, both showing 100% buy order activity on Pluang.
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