- Business
- Capitan Silver Corp. (TSXV:CAPT), formerly Capitan Mining Inc., is a Canadian mineral exploration company focused on the acquisition, exploration and development of precious metal properties, primarily gold and silver deposits in Mexico. The company holds a 100%-owned interest in the Cruz de Plata Project spanning 22.9 square kilometers in Durango state within Mexico's historic silver belt, featuring the oxide gold El Capitan prospect, high-grade silver Jesus Maria deposit with polymetallic veins containing silver, gold, lead and zinc, and the San Rafael silver mine; it also owns seven mineral concessions across Canada. Operations target high-grade silver-gold mineralization styles including polymetallic veins and low-arsenic silver-gold veins along a 2.5-kilometer mineralized trend open for expansion, supported by over 86 diamond drill holes totaling more than 11,550 meters at Cruz de Plata. Incorporated on October 30, 2019, as part of a reorganization of Riverside Resources Inc., Capitan Silver Corp. maintains headquarters at 550-800 West Pender Street, Vancouver, British Columbia, Canada, with Mexican activities conducted through subsidiary Rios de Suerte S.A. de C.V. Recent developments include a name change from Capitan Mining Inc. to Capitan Silver Corp. in March 2023 to reflect its silver focus; acquisition of seven Canadian mineral concessions; a January 2025 strategic investment-led non-brokered private placement aiming to raise up to C$4.2 million spearheaded by Jupiter Silver & Gold Fund with participation from insiders such as Michael Gentile and Construplan for 2025 exploration drilling and project consolidation at Cruz de Plata; expanded high-grade silver intercepts and new zone discoveries from ongoing drilling; and a $5.3 million financing at a premium to advance the exploration plan.