Minaurum Silver Inc. (TSXV: MGG) (OTCQX: MMRGF) has announced two key personnel additions to support mine development planning at its production-permitted Alamos Silver Project in Sonora, Mexico. Fernando Robles Noriega has been engaged as Operations Manager at Alamos, while Nicolas Figueroa Tapia has joined the company's Advisory Board. The appointments signal a deliberate shift toward development-stage operational capability at Alamos, drawing investor attention to how the company intends to advance the project through economic studies and infrastructure planning.

Key Points

  • Minaurum Silver Inc. (TSXV: MGG) (OTCQX: MMRGF) announced two senior personnel appointments on September 16, 2026
  • Fernando Robles Noriega named Operations Manager at the Alamos Silver Project; Nicolas Figueroa Tapia appointed to the Advisory Board
  • 385,000 stock options granted at $0.40 per share for five years; 1,315,000 RSUs also granted to senior management and key personnel
  • Investors may be watching how this operational build-out influences the timeline for economic studies and development activities at Alamos

Robles Brings Las Chispas and First Majestic Underground Experience to Alamos

Fernando Robles Noriega joins Minaurum with 22 years of Mexican mining experience, including roles as Mine Superintendent at SilverCrest Metals' Las Chispas silver-gold operation — subsequently acquired by Coeur Mining for $1.7 billion — and as Underground Mine Manager at First Majestic Silver's San Dimas Mine and Santa Elena Mine. The release states he has already begun working with Minaurum's exploration team to incorporate mine-development considerations into ongoing programmes at Alamos. His responsibilities will include evaluating potential production centres, advancing mine planning, and assessing construction and infrastructure requirements.

Figueroa's Five Decades of Mexican Mining Operations Strengthen Advisory Capacity

Nicolas Figueroa Tapia brings more than 51 years of industry experience to Minaurum's Advisory Board, including 40 years in senior mining operations with Industrias Peñoles, S.A. de C.V. His background spans mining operations, mine planning, and mine management. He holds a B.S. in Mining Engineering and Flotation Plants from the University of Guanajuato, Mexico, and a M.Sc. in Sciences from Queen's University in Ontario, Canada. The disclosure indicates he will serve as an advisor to Robles and Minaurum's operational team as the company advances mine development planning at the Alamos Silver Project.

Stock Options and First RSU Grant Issued in Connection with Appointments

Minaurum granted 385,000 stock options exercisable at $0.40 per share for a five-year term. Approximately 275,000 of the options vest in four equal instalments beginning three months from the grant date, while 110,000 vest immediately. In a separate action, the company made its first grant of Restricted Share Units totalling 1,315,000 to senior management, officers, and key Mexican management. The RSUs will fully vest two years from the grant date, with each vested unit representing the right to receive one common share or equivalent cash value at the company's discretion.