Colibri Resource Corp. (“Colibri” or “the Company”) has closed the second tranche of a non-brokered private placement financing, raising gross proceeds of C$140,980. The financing included the issuance of 939,867 units at C$0.15 per unit, with each unit consisting of one common share and one full warrant exercisable at C$0.25 for 24 months. All securities issued are subject to a four-month and one-day hold period and remain pending final approval from the TSX Venture Exchange. No finder’s fees were paid on this tranche, preserving all net proceeds.
Total Financing Raises Over C$1.5 Million
This second tranche follows the closing of the first tranche on October 31, 2024, which raised C$1,350,722. Combined, Colibri has now secured C$1,491,702 in total financing—a significant achievement for a junior explorer operating in a challenging capital market. This strengthened financial position provides the Company with greater certainty as it advances its projects into 2025.
Positioning the Company
To investors, the importance of the financing lies not only in the amount raised but in its timing and intended use. Colibri is actively advancing two principal assets in Sonora, Mexico: the EP Gold Project (100% owned) and the Pilar Gold & Silver Project (49% interest).
EP Gold Project
At EP Gold, the Company is progressing toward the next stage of technical development, including the preparation of drill plans and the integration of geophysical survey results into its geological model. The project covers 4,766 hectares within the Caborca Gold Belt, one of Mexico’s most productive gold regions. The property is located approximately 25 kilometres northwest of Fresnillo’s La Herradura and Noche Buena mines. Early-stage work has identified broad mineralized trends and structures indicative of a bulk-tonnage deposit, and the upcoming drilling program is expected to refine and expand these targets.
Advancing the Near-Surface Oxide System at Pilar Gold & Silver Project
The Pilar Gold & Silver Project is a near-surface oxidized system with heap-leach potential. Public disclosures from Colibri and its partner Tocvan indicate that approximately 15,000 metres of historic core and RC drilling have been completed, in addition to several later drilling campaigns and a bulk sample program.
Drill Highlights (Publicly Reported)
- 94.6 m @ 1.6 g/t Au, including 9.2 m @ 10.8 g/t Au and 38 g/t Ag
- 108.9 m @ 0.8 g/t Au, including 9.4 m @ 7.6 g/t Au
- Historical intervals: 21.0 m @ 38.3 g/t Au and 13.0 m @ 9.6 g/t Au
Additional Public Technical Datapoints
- Mineralization encountered across the Main, North Hill, and 4-T (4 Trench) trends, all characterized by near-surface oxide gold.
- Heap‑leach amenability supported by bulk sample and bottle-roll tests reported by Tocvan, including rapid recovery under agitated conditions.
Proceeds from the financing are expected to support metallurgical refinement, resource-model development, and engineering work necessary for pilot-scale evaluation at Pilar.
Simplistic Market-Clean Financing Structure
The private placement structure is straightforward: each unit includes a common share and a two-year warrant priced at a premium to market. With no finder’s fees paid, the financing remains clean, efficient, and fully optimized for exploration spending.
What to Watch Going Forward
In the coming weeks, investors will be watching for final TSXV approval of the financing and updates regarding the start of drilling at the EP Gold Project. Continued progress in de-risking the Pilar Project will also play a key role in shaping market expectations.
Gold Market Background
As of November 10, 2025, gold traded at approximately US$4,078 per ounce, reaching a two-week high driven by a weakening U.S. dollar and softer U.S. economic data. Analysts highlighted rising expectations of a Federal Reserve rate cut, which historically boosts gold by reducing the opportunity cost of holding non-yielding assets. Major institutional commentary further noted that as long as gold remains within the US$4,050–4,100 range, momentum could continue to push prices higher—particularly if macroeconomic uncertainty persists.
Outlook: An Efficient Raise Supporting Meaningful 2025 Catalysts
Although modest in size, the second tranche completes a nearly C$1.5 million financing that demonstrates sustained interest in Colibri’s exploration portfolio. The strengthened treasury provides the Company with the ability to pursue meaningful technical milestones through 2025. For Colibri Resource Corp. (TSXV: CBI | OTC: CRUCF), this financing positions the Company to convert advancing technical groundwork into material, value‑creating catalysts at a time when disciplined exploration is increasingly rewarded by the market.
Regional Context: Sonora and the Caborca Gold Belt
Sonora remains one of the most productive mining jurisdictions in Mexico, hosting world‑class operations and a longstanding mining culture supported by infrastructure, skilled labour and established permitting frameworks. The Caborca Gold Belt, in particular, is well recognized for its structurally controlled, near‑surface gold systems with characteristics that lend themselves to open‑pit, heap‑leach development. Projects such as La Herradura, Noche Buena and San Francisco have set operational benchmarks in the region, and Colibri’s land position sits within this same metallogenic corridor. This proximity strengthens the geological case for EP and Pilar by aligning them with proven regional deposit models.
Why This Matters for Junior Explorers
In a market where access to capital remains selective, the ability to close an oversubscribed financing is itself a noteworthy signal. Investors in the junior exploration sector continue to favour companies that demonstrate:
- consistent technical progress,
- the ability to execute field programs efficiently, and
- exposure to districts with established geological pedigree.
Colibri fits this profile by combining a prospective land package in a tier‑one mining jurisdiction with a clear sequence of upcoming catalysts, including drilling, metallurgical evaluations and potential resource‑related milestones.
Market and Valuation Perspective
With gold trading near record levels and macroeconomic uncertainty supporting safe‑haven demand, exploration companies with credible pathways to discovery or near‑surface development may be positioned for improved market attention. While valuations across the junior sector remain compressed relative to historical norms, financings such as Colibri’s can help reset the narrative by enabling sustained technical work that feeds into valuation‑anchoring results. As the Company moves toward drilling at EP and continued de‑risking at Pilar, incremental data has the potential to materially influence investor sentiment.
Although modest in size, the second tranche completes a nearly C$1.5 million financing that demonstrates sustained interest in Colibri’s exploration portfolio. The strengthened treasury provides the Company with the ability to pursue meaningful technical milestones through 2025. For Colibri Resource Corp. (TSXV: CBI | OTC: CRUCF), this financing positions the Company to convert advancing technical groundwork into material, value‑creating catalysts at a time when disciplined exploration is increasingly rewarded by the market.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
