Entrée Resources Announces Fiscal Year 2025 Results and Reviews Q4 Corporate Highlights

Core Viewpoint - Entrée Resources Ltd. has filed its annual operational and financial results for the year ended December 31, 2025, highlighting ongoing developments in the Oyu Tolgoi project and the company's financial performance [1]. Group 1: Financial Performance - The company's operating loss for the fiscal year 2025 was $4.2 million, a decrease from $4.8 million in 2024, attributed to lower legal costs related to arbitration and negotiations [26]. - Operating cash outflow before changes in non-cash working capital items was $2.6 million in 2025, down from $3.3 million in 2024 [12]. - As of December 31, 2025, the cash balance was $4.3 million, and the working capital balance was $4.2 million [12]. Group 2: Oyu Tolgoi Project Updates - The Oyu Tolgoi project is expected to become the world's fourth largest copper mine by 2030, with an average production target of around 500 thousand tonnes of copper per year from 2028 to 2036 [5]. - The underground development work on the Shivee Tolgoi mining licence area was paused pending the transfer of licences from Entrée LLC to OTLLC [6]. - The Entrée/Oyu Tolgoi joint venture approved a 2025 in-fill diamond drilling program at the Hugo North Extension deposit, with approximately 8,329 meters of drilling planned [6]. Group 3: State Interest and Regulatory Developments - The Parliament of Mongolia established a Temporary Oversight Committee to investigate the State's interest in the Oyu Tolgoi Strategic Deposit, with the company participating in public hearings [6][19]. - Resolution No. 120 was approved by the Parliament, directing the Government of Mongolia to implement measures regarding the exploitation of the Oyu Tolgoi Strategic Deposit and to provide quarterly progress reports [20]. - The company is focused on resolving outstanding issues related to the State's interest in the Oyu Tolgoi Strategic Deposit, which may include a potential 34% equity participation by the State [16][18]. Group 4: Corporate Developments - The company is working towards the transfer of licences to OTLLC as part of the implementation of a partial final arbitration award in its favor [8][9]. - The company engaged with the Mongolian tax authority to confirm the calculations of the values of the licences, but faced delays in receiving confirmation [13]. - A new independent director, Mr. Chris Adams, was appointed to the Board effective January 1, 2026, following the retirement of Dr. Michael Price [12].