Drilling And Resource QualityInfill and underground drilling at Copala confirmed high-grade mineralization and provided geotechnical data for areas planned for initial extraction, reinforcing confidence in the resource model and ore quality.
Financing And Treasury StrengthCompletion of a sizeable convertible financing has left the treasury in a strong cash position sufficient to cover initial Panuco capital requirements and support advancement toward a construction decision.
Permitting And Development PathwayPermitting progress alongside agreements with local communities is identified as a major catalyst, with successful permits expected to reduce project risk, enable construction planning, and support a potential valuation re-rating.