Colibri Resource Corporation (TSXV: CBI) just announced it’s bumping up its non-brokered equity unit offering after getting more investor interest than expected. That’s usually a solid signal for confidence — both from retail traders and bigger hands watching the story unfold. The company’s also getting ready to lock in a drilling contractor for its fully permitted EP Gold Project in Sonora, Mexico.
Financing Breakdown
- New size: increased from 8.67M to 11.5M units
- Price per unit: $0.15 CAD
- Each unit: one share + one warrant @ $0.25 for 24 months
- Proceeds: to push forward drilling at EP, exploration at Pilar, and general working capital
Basically, Colibri’s got a bigger cash buffer heading into an active exploration cycle. For a microcap gold explorer, that’s real momentum.
What the CEO Said
Ian McGavney, President & CEO, summed it up nicely:
“We are very pleased with the response to this financing. The strong participation from both new investors and long-term supporters underscores growing confidence in Colibri’s direction. These funds will position us to advance exploration at the EP Gold Project and Pilar while strengthening our balance sheet and maintaining momentum toward our next milestones.”
Why It’s Interesting
When a junior raises more than planned, it’s not just about money — it’s about sentiment. This bump shows that investors believe Colibri’s story is picking up traction. With the EP Gold Project drill-ready and Pilar moving forward through its JV with Tocvan Ventures, there’s legit near-term newsflow potential.
Highlights Investors Should Note
- Fully permitted: EP Gold Project is ready to drill.
- Timing: Expansion comes while gold prices are hovering around record levels.
- Friendly structure: Priced low with warrants for upside exposure.
- Momentum: Enough capital to run parallel exploration programs.
Previous Developments
Earlier this month (Oct 6, 2025), Colibri announced two private placements: equity units at $0.15 and convertible debenture units at $0.25, raising capital for EP and Pilar. On Sept 16, it also shared a corporate update outlining plans to advance its 100%-owned EP (Evelyn/Plomo, 4,766 ha) and strengthen its 49% stake in the Pilar Gold-Silver Project with Tocvan Ventures.
And in August, Colibri confirmed its JV partner Tocvan got the green light for a 50,000-tonne pilot mine near Pilar. That’s not small potatoes — it shows that the asset has scale potential beyond early-stage exploration. A 2023 bulk sample there returned about 1.9 g/t Au with roughly 62–63% recovery by simple heap leach.
The Gold Backdrop
Gold’s been flirting with new all-time highs above US$4,000/oz — a mix of central bank buying, rate cuts, and investors piling into hard assets. It’s the kind of environment where even small-cap explorers can get attention fast. Colibri’s projects in Mexico’s Caborca Gold Belt put it in one of the most active exploration zones in the Americas.
If sentiment stays bullish, drill results from EP or progress at Pilar could act as catalysts.
What to Watch Next
- Drill contractor news — the shortlist is down to two, so that announcement should drop soon.
- Start of drilling at EP — this will be the big one for momentum traders.
- JV progress at Pilar — Tocvan’s next pilot-phase update could spark extra interest.
- Possible new financing or JV deals if momentum continues.
Bottom Line
For a junior like Colibri, momentum means everything. Strong investor demand, active drilling prep, and a supportive gold market — it’s the right mix. Now it’s all about execution.
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.
