Aztec Minerals - Closed $10mil All-Share Financing, Project Updates At Tombstone & Cervantes

17 Oct 2025 • 11 min • EN

In this KE Report Company Update, we speak with Simon Dyakowski, President and CEO of Aztec Minerals (TSX-V:AZT - OTCQB:AZZTF), following the company’s largest financing to date - a $10 million bought deal, with no warrants attached. Simon outlines how this strong institutional financing positions Aztec to expand and de-risk its flagship Tombstone Project in Arizona while advancing toward an initial resource estimate in early 2026. Key Discussion Highlights: Largest financing in company history: $10M raised via upsized bought deal, with significant institutional participation and no warrants. Exploration momentum: Current Tombstone drill program expanded from 5,000m to 7,500m; 12 holes pending assays with more drilling underway. Resource pathway: Targeting an initial resource estimate in Q1 next year, followed by metallurgical studies.. Cervantes Project (Mexico): Optionality asset with high-grade gold-silver-copper targets; further fieldwork planned pending market and policy clarity. Please email me any questions you have for Simon. My email address is Fleck@kereport.com.  Click here to visit the Aztec Minerals website   --------------- For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad’s resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

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