What Capitan Silver does

Capitan Silver Corp. is a Canadian junior mining exploration company incorporated in British Columbia and headquartered in Vancouver at Suite 550 - 800 West Pender Street. The company is publicly traded on the TSX Venture Exchange (TSXV: CAPT) and the OTCQX Best Market (CAPTF), and was originally spun out of Riverside Resources Inc. in August 2020 as Capitan Mining Inc., adopting its current name in March 2023 to reflect its strategic focus on silver exploration. Its sole material asset is the 100%-owned Cruz de Plata Project in Durango, Mexico, located within the Faja de Plata (Mexican Silver Belt) and comprising a consolidated 2,171-hectare land package.\n\nThe company advances the project through systematic mineral exploration combining reverse circulation and diamond core drilling with property-wide airborne magnetotelluric geophysical surveys conducted by Expert Geophysics Limited. Exploration centers on two anchor targets: the Capitan Hill Oxide Gold Deposit, hosting an inferred resource of approximately 525,000 ounces of gold (40 million tonnes at 0.41 g/t Au), and the Jesus Maria Silver Zone, where surface mapping has identified over 21 km of cumulative mineralized vein structures and drilling has confirmed 2.5 km of continuity along the Jesus Maria Main Vein. A 60,000-metre, four-rig 2026 drill campaign — approximately four times the size of the 2025 program — is the largest in company history and follows receipt of a new federal exploration drill permit.\n\nCapitan Silver is pre-revenue and funds exploration exclusively through periodic equity issuances on the TSX Venture and OTCQX markets. Cumulative equity raised approaches C$45 million since inception, with a C$29 million raise in December 2025 — a C$23 million LIFE Offering bought deal plus a C$6 million private placement led by Schroder Investment Management — fully funding the 2026 program alongside a C$6.6 million accelerated warrant exercise in January 2026. The base customer segment is institutional and retail investors seeking precious-metals exposure; senior mining companies, including Minera Fresnillo as a current concession counterparty, are the natural acquirer cohort for any eventual production or M&A event.

Name

Capitan Silver

Legal name

Capitan Silver Corp.

Website

https://capitansilver.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Capitan Silver Corp. is a Canadian junior mining exploration company advancing its 100%-owned Cruz de Plata Project in Durango, Mexico. It conducts RC drilling, diamond core drilling, and airborne geophysical surveys to define a high-grade silver-gold system.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Mineral Resource Development: Pre-revenue exploration stage company. Future revenue expected from development of mineral resources into production operations at the Cruz de Plata project in Durango, Mexico. Current inferred resources include approximately 525,000 oz Au (Capitan Hill Oxide Gold Deposit) and significant silver resources.
2. Property Transactions: Potential revenue from sale or option of mineral property concessions, as demonstrated by the Letter of Intent to acquire land packages and concessions acquired from Minera Fresnillo.
3. Joint Venture Agreements: Potential for joint venture partnerships with larger mining companies for development and production, typical model for junior explorers in Mexico.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Capitan Silver is a Canadian gold-silver mining exploration company engaged in exploring its 100%-owned Cruz de Plata Project in Durango, Mexico. The company's core business is identifying, drilling, and developing high-grade silver-gold mineral resources through RC and diamond core drilling programs, geophysical surveys, and resource estimation, targeting future production from the Capitan Hill Oxide Gold Deposit and Jesus Maria Silver Zone.

Product overview

Capitan Silver Corp. is a Canadian silver-gold mining exploration company operating a portfolio of exploration projects in Durango, Mexico. The company's flagship asset is the Cruz de Plata Project, which contains the Capitan Hill Oxide Gold Deposit and the Jesus Maria Silver Zone. The projects are 100%-owned and represent a high-grade silver system in Mexico's primary silver belt.

Differentiator

Problem solved

Functional benefit

Products and services

• Cruz de Plata Project A high-grade silver-gold exploration project located in Durango, Mexico, in the heart of Mexico's silver belt (Faja de Plata). The project encompasses 22.9 km² area including Capitan Hill and Jesus Maria Silver Zone with over 21 km of cumulative mineralized strike length. Target audience is investors and potential mining partners.
• Capitan Hill (Oxide Gold Deposit) An oxide gold deposit within the Cruz de Plata Project area with approximately 525,000 ounces of inferred gold resources (40 million tonnes at 0.41 g/t Au). The deposit is open at depth and along strike, representing a 115% increase from previous estimates.
• Jesus Maria Silver Zone A high-grade silver trend within the Cruz de Plata Project, traced over 2.5 km of drilled continuity and expanding to over 21 km of cumulative mineralized vein structures through surface mapping. Features high-grade intercepts including 1,071.1 g/t AgEq over 2.0m and 1,450.5 g/t AgEq over 1.5m.

Quantifiable outcome

• 115% increase in contained gold ounces at Capitan Hill Oxide Gold Deposit (525,000 oz Au inferred resource)
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered major, minor and core.

• Minera Fresnillo S.A. de C.V.majorStrategic or Co-development PartnerCapitan Silver signed a Letter of Intent to acquire mineral concessions from Fresnillo in Durango, Mexico. Fresnillo is Mexico's largest silver producer and a major player in the Mexican Silver Belt. This transaction provides Capitan with strategic land position additions to its Cruz de Plata project.
• Heliostar MetalsminorOthersFellow junior mining company also advancing Mexican projects. Both companies received federal permits in the same period advancing their respective Mexican drilling programs, indicating parallel activities in the Mexican mining sector.
• Expert Geophysics LimitedcoreTechnology or IntegrationConducted property-wide Airborne Magnetotelluric geophysical survey at the Cruz de Plata project. Survey results demonstrated strong vertical continuity of geological features extending beyond 1.5 km down-dip, supporting the company's large-scale mineralized system thesis.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Pan American Silver Corp. Pan American Silver is a major silver producer with multiple Mexican operations. Comparable as a senior precious-metals incumbent in Mexico's prolific silver belt that could pursue Capitan as a JV partner or M&A target once resource stage is established. Operates the La Colorada and Dolores mines in close proximity to the Faja de Plata.
• First Majestic Silver Corp. First Majestic Silver is a senior silver producer operating the San Dimas, Santa Elena, and La Encantada mines in Mexico. Comparable silver-focused incumbent operating in the same Faja de Plata district where Capitan explores; represents the type of acquirer/partner senior silver producers that could partner with or acquire Capitan.
• Fresnillo plc: Fresnillo is Mexico's largest silver producer and the operator that previously held the concessions Capitan is now acquiring. Highly relevant as a regional incumbent — the same geological belt, and Fresnillo's prior ownership of Capitan's land signals district knowledge. Represents a potential acquirer or JV partner given the existing transaction relationship.
• Endeavour Silver Corp. Endeavour Silver is a mid-tier silver producer with three operating mines in Mexico (Guanaceví, Bolañitos, Terronera). Comparable as a silver-focused company operating in the same Mexican silver belt, though at a more advanced production stage versus Capitan's exploration stage.

Direct peers

• GR Silver Mining: GR Silver Mining is a Canadian junior focused on the Plomosas silver-gold project in Sinaloa, Mexico. Comparable as a small-cap silver-gold explorer in Mexico's silver belt pursuing resource expansion via drilling, targeting similar epithermal vein systems.
• MAG Silver Corp. MAG Silver is a Canadian-listed silver explorer focused on the Juanicipio silver-gold project in Mexico's Faja de Plata (joint venture with Fresnillo). Directly comparable as a Canadian junior focused on high-grade silver exploration in the same Mexican silver belt, with similar mineralization style (epithermal veins).
• Discovery Silver Corp. Discovery Silver was a Canadian junior explorer-developer advancing the Cordero silver project in Chihuahua, Mexico. Comparable as a pre-production Mexican-focused silver developer with similar oxide/sulfide mineralization profile and TSX-listed share structure.
• Silver Tiger Metals: Silver Tiger Metals is a Canadian junior explorer-developer advancing the El Tigre silver-gold project in Sonora, Mexico. Comparable as a silver-gold junior targeting epithermal vein-style mineralization in a Mexican jurisdiction, with a similar TSXV-listed profile and multi-rig drill program approach.
• Heliostar Metals: Heliostar Metals is a junior gold-silver explorer also operating in Mexico's Faja de Plata silver belt and is explicitly cited as Capitan Silver's industry peer (fellow junior advancing Mexican projects in parallel). Both companies received federal drilling permits in the same period and are drilling similar Ag-Au targets.
• Vizsla Silver Corp. Vizsla Silver is a Canadian junior advancing the Panuco silver-gold project in Sinaloa, Mexico. Comparable business model: Canadian-listed, junior explorer, advancing high-grade silver-gold epithermal vein systems in Mexico with multi-rig drill programs targeting resource expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/CapitanSilverC
• Facebookfacebook.com/100028284025339
• LinkedInlinkedin.com/company/capitan-mining-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Capitan Silver