Minera Alamos Becomes Mining Americas, Names Capstone Founder Chair

Minera Alamos shareholders voted to change the company's name to Mining Americas Inc., marking a deliberate shift toward a U.S.-focused gold production strategy. The move came at the annual general meeting alongside the appointment of Capstone Copper founder Darren Pylot as chairman.

The name change is not cosmetic. The company said it reflects a strategy to become a "leading, U.S.-focused intermediate gold producer." Mining Americas currently operates the Pan mine in Nevada, owns the permitted Gold Rock project adjacent to it, and holds the Copperstone underground project in Arizona. Mexican assets – including the Cerro de Oro project in Zacatecas – remain in the portfolio but are not the centre of the growth plan.

Darren Pylot's appointment adds weight to that ambition. He founded Capstone Copper and served as its president, CEO and later executive chairman, taking it from a developer to a mid-tier copper producer. He replaces Jason Kosec as chair; Kosec stays on as a director.

Shareholders also approved amendments to the omnibus incentive plan that introduce performance share units and consolidate termination provisions. The amended plan accommodates a potential future listing on the Toronto Stock Exchange, which would mark an up-listing from the TSX Venture Exchange. A TSX listing would broaden the shareholder base and likely improve liquidity for the stock, which trades under the ticker MAI on the TSXV and MAIFF on the OTCQX.

The company has conditional approval from the TSXV for the name change. The exchange will publish a bulletin setting the effective date. Mining Americas will keep the same ticker symbols for now.