Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTProactiveMon, June 29, 2026 at 3:32 PM GMT+2 2 min readPinnacle Silver and Gold names Auramet as lead financier for El Potrero gold-silver project Proactive uses images sourced from ShutterstockPinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) announced that it has appointed Auramet Capital Partners as lead project financier to arrange or potentially provide up to $5 million in non-equity financing for the development of its El Potrero gold-silver project in Durango, Mexico.The companies have entered into an agreement under which they will work toward a mutually acceptable financing package during a seven-month exclusivity period. Any financing remains subject to due diligence, operational and financial progress, and other customary conditions.Under the agreement, Auramet has the right of last offer to provide the financing but is not obligated to do so. The deal also includes a non-solicitation provision covering competing financing proposals and a $400,000 break fee if Pinnacle accepts an alternative offer during the exclusivity period.President and CEO Robert Archer said the company aims to secure non-dilutive financing to advance El Potrero toward production while reducing reliance on equity markets."Having a well-known metal trader and financier such as Auramet to partner with, not only brings a lot of credibility but will give us financial flexibility without being captive to the volatility of capital markets as we move through the various stages of development," Archer said in a statement."Having enjoyed a long-standing relationship with the Auramet team, I am confident that they will be a reliable partner going forward. By participating in our last financing, they have already demonstrated strong support for our management team, business model and the Potrero Project itself."Pinnacle said work at El Potrero continues to advance, with underground delineation drilling underway. The company also reported metallurgical testing indicating average head grades of about 7.7 grams per tonne gold and 116 grams per tonne silver, with potential recoveries exceeding 97% for gold and about 70% for silver.The company added that a feasibility study for a 3.3-kilometre powerline extension has been completed, while baseline studies for a water licence and other permits, along with community agreements, are progressing.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info