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Altai Announces Repositioning of Investment Portfolio to Maximize Liquidity
Globenewswire· 2025-06-02 20:34
Core Viewpoint - Altai Resources Inc. has completed the repositioning of its Canadian investment portfolio to enhance liquidity and eliminate equity market risk [1][2]. Group 1: Repositioning Details - The repositioning involved the sale of all marketable securities and reinvestment of net cash proceeds into cash and cash equivalents [1]. - The total market value of the newly structured Investment Portfolio is approximately $3.9 million [2]. - The market value of the Investment Portfolio per common share is approximately $0.07, based on 56,033,552 issued and outstanding common shares [2]. Group 2: Company Overview - Altai Resources Inc. is based in Toronto, Ontario, and has a producing oil property in Alberta and an exploration gold property in Quebec [3]. - The company’s investment portfolio is now entirely comprised of cash and cash equivalents [2].
OTC Markets Group Welcomes Greenheart Gold Inc. to OTCQX
Globenewswire· 2025-05-27 11:00
Group 1 - Greenheart Gold Inc. has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market [1][3] - The company begins trading under the symbol "GHRTF" and U.S. investors can access financial disclosures and real-time quotes on OTC Markets [2] - The OTCQX Market is designed for established companies that meet high financial standards and corporate governance practices [3] Group 2 - Justin van der Toorn, CEO of Greenheart Gold, expressed that the upgrade to OTCQX will enhance company visibility and attract new investors [4] - Greenheart Gold focuses on exploration within the Guiana Shield, a region known for gold deposits, and is led by a team with a successful track record in gold discovery [4] - The company aims to explore and maintain a portfolio of early-stage projects in Guyana and Suriname, targeting orogenic gold deposits [4] Group 3 - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, including the OTCQX Best Market [5] - The company provides critical market infrastructure through its OTC Link Alternative Trading Systems, facilitating trading for broker-dealers [6]
BULGOLD Announces Filing of First Quarter Financial Results For The Three Months Ended March 31, 2025
Globenewswire· 2025-05-23 21:05
Core Viewpoint - BULGOLD Inc. reported a net loss of $119,150 for the first quarter of 2025, with cash and cash equivalents of $252,891 as of March 31, 2024 [1][2]. Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe [2]. - The company controls 100% of three quartz-adularia epithermal gold projects located in Bulgaria and Slovakia: the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project [2]. - Management believes that the company's assets have potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralization [2]. Shareholder Information - As of March 31, 2025, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by Founders, Directors, and Management [3].
Abcourt Announces its Results for the Third Quarter Ended March 31, 2025
Globenewswire· 2025-05-22 21:22
Core Viewpoint - Abcourt Mines Inc. reported a significant net loss for the third quarter ended March 31, 2025, with no revenues generated during the period, highlighting ongoing financial challenges despite improvements in working capital [1][2]. Financial Results Summary - For the three months ended March 31, 2025, Abcourt reported no revenues, compared to revenues of CAD 255,000 for the same period in 2024 [2]. - Administration expenses increased to CAD 1,068,917 in Q3 2025 from CAD 776,367 in Q3 2024 [2]. - Care and maintenance expenses rose significantly to CAD 692,919 in Q3 2025 from CAD 231,541 in Q3 2024 [2]. - Exploration expenses surged to CAD 4,063,635 in Q3 2025, up from CAD 1,765,615 in Q3 2024 [2]. - The net loss for the three months ended March 31, 2025, was CAD 5,466,608, compared to a net loss of CAD 2,892,142 for the same period in 2024 [2]. - The net loss per share remained at CAD 0.01 for both Q3 2025 and Q3 2024 [2]. - As of March 31, 2025, the company had cash reserves of CAD 937,733, an increase from CAD 757,753 as of June 30, 2024 [2]. - Total assets increased to CAD 16,493,159 as of March 31, 2025, compared to CAD 14,063,983 as of June 30, 2024 [2]. - Non-current liabilities stood at CAD 12,908,748 as of March 31, 2025, up from CAD 12,261,315 as of June 30, 2024 [2]. - Shareholders' equity improved to CAD (3,447,876) as of March 31, 2025, from CAD (6,284,136) as of June 30, 2024 [2]. - Working capital showed improvement, with a negative working capital of CAD (2,172,892) as of March 31, 2025, compared to CAD (4,947,411) as of June 30, 2024 [2]. Company Overview - Abcourt Mines Inc. is a Canadian gold exploration company with properties located in northwestern Quebec, focusing on the Sleeping Giant mine and the Flordin exploration property [5].
BULGOLD Announces Annual General and Special Meeting Voting Results
Globenewswire· 2025-05-21 21:00
Core Points - BULGOLD Inc. held its Annual General and Special Meeting on May 21, 2025, where all matters proposed were approved by the requisite majority of votes [1][2] - Shareholders elected all director nominees and appointed McGovern Hurley LLP as auditors until the next annual meeting [2] - An ordinary resolution was passed to ratify the Company's 10% "rolling" equity incentive plan, allowing for the issuance of awards based on 10% of the outstanding common shares [3] - Approximately 39.7% of the Company's issued and outstanding common shares were voted, with over 99.4% approval for all matters [4] Company Overview - BULGOLD is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [5] - The projects include the Lutila Gold Project, the Kostilkovo Gold Project, and the Kutel Gold Project, which are believed to have potential for high-grade gold mineralization [5] - As of December 31, 2024, BULGOLD had 27,597,928 issued and outstanding shares, with approximately 40.3% held by Founders, Directors, and Management [6]
Precore Gold Announces Appointment of Jacques Trottier, PhD as Head of Its Advisory Board
Globenewswire· 2025-05-21 09:00
Core Insights - Precore Gold Corp. has appointed Mr. Jacques Trottier, PhD, as head of its Advisory Board, bringing over 35 years of experience in geology and mining [1][4] - Mr. Trottier is recognized for significant gold discoveries, including over 1 million ounces at the Perron Gold Project in Quebec, with an average diluted grade of 5.26 grams per tonne [2][3] - The company is focused on exploration projects with strong gold discovery potential, aiming to generate shareholder returns in politically stable, mining-friendly jurisdictions [7][8] Company Background - Precore Gold Corp. is a Canadian junior gold exploration company dedicated to building a solid portfolio of exploration projects [7] - The company emphasizes environmental, social, and corporate governance (ESG) standards in its operations [8] Mr. Jacques Trottier's Contributions - Mr. Trottier has a proven track record, having discovered two copper-gold porphyry systems in Peru and the Shahuindo Gold Mine, which produces approximately 135,000 ounces of gold per year [3][4] - His familiarity with the Arikepay Project in Peru is expected to enhance the company's exploration efforts, with potential for new gold discoveries [5][6] Leadership Statements - The Executive Chairman of Precore Gold expressed confidence in Mr. Trottier's contributions, highlighting his leadership qualities and industry connections [5][6] - The company anticipates that the combined expertise of its executive team will lead to significant gold discoveries and benefits for shareholders [6]
Precore Gold Announces Nomination of Louis Gariepy to Its Board of Directors, Completion of the Arikepay Agreement and Granting of Stock Options
Globenewswire· 2025-05-12 11:00
Core Viewpoint - Precore Gold Corp. has nominated Mr. Louis Gariepy for election to its Board of Directors, highlighting his extensive experience in the mining industry and his recent role as Lead Technical Advisor for the company [1][2]. Group 1: Board of Directors and Management - Mr. Louis Gariepy has over 30 years of international mining experience, including significant roles in developing gold and copper deposits with major companies [1]. - Gariepy has been instrumental in developing the Arikepay gold project in Peru and has expressed enthusiasm for his nomination to the Board [2]. Group 2: Stock Options and Compensation - The company has granted incentive stock options to purchase up to 1,100,000 common shares to directors, officers, and consultants under its 2025 Omnibus Equity Compensation Plan [2]. - The options are exercisable for five years at an exercise price of $0.135 per share, with 25% vesting every six months [2]. Group 3: Company Strategy and Projects - Precore Gold is focused on building a portfolio of exploration projects with strong gold discovery potential, aiming to capitalize on favorable market conditions [4]. - The company is pursuing opportunities in politically stable, Tier-1 mining jurisdictions, with a commitment to environmental, social, and corporate governance (ESG) standards [4].
CSE Bulletin: New Listing - McFarlane Lake Mining Limited (MLM)
Newsfile· 2025-05-06 16:44
Group 1 - McFarlane Lake Mining Limited's common shares have been approved for listing on the Canadian Securities Exchange (CSE) with trading commencing on May 8, 2025 [1][3][5] - The company is focused on gold exploration and development, owning several properties including the McMillan and Mongowin gold properties, West Hawk Lake property, High Lake property, and Michaud/Munro mineral property [2][4] - The total number of issued and outstanding securities is 270,558,654, with an additional 109,862,917 securities reserved for issuance [5] Group 2 - The company operates in the mining sector, specifically in gold exploration [5] - The trading currency for the shares is Canadian Dollars (CDN$) [5] - The fiscal year for McFarlane Lake Mining Limited ends on August 31 [5]
Aben Minerals Ltd. Receives Name Change Approval to Aben Gold Corp.
Globenewswire· 2025-05-01 21:55
Core Points - Aben Minerals Ltd. will change its name to Aben Gold Corp. effective May 6, 2025, as approved by the TSX Venture Exchange [1][2] - The company's share capitalization and trading symbol will remain unchanged, and no action is required from existing shareholders regarding the name change [2] - Aben Gold Corp. will launch its new website, www.abengold.com, on the same date to reflect its focus as a Canadian gold exploration company [3] Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia [4] - The flagship project is the 7,400-hectare Justin Gold Project, which is 100% owned and located in the Tintina Gold Belt [4] - The company also owns the Forrest Kerr Gold Project, which is located in the Golden Triangle of British Columbia [4] - Aben Minerals aims to increase shareholder value through new discoveries and developing exploration projects in geopolitically favorable jurisdictions [5] - The company has 23.2 million shares outstanding [5]
Aben Minerals Ltd. to Change Name to Aben Gold Corp.
Globenewswire· 2025-04-15 11:00
Core Viewpoint - Aben Minerals Ltd. is changing its name to Aben Gold Corp., pending acceptance from the TSX Venture Exchange, while maintaining its share capitalization and trading symbol [1] Group 1: Company Name Change - The company has announced a name change from Aben Minerals Ltd. to Aben Gold Corp. [1] - The share capitalization and trading symbol will remain unchanged [1] - A subsequent news release will confirm the effective date of the name change [1] Group 2: Domain Acquisition - The company has purchased the domain rights to www.abengold.com and www.abengold.ca [2] - The company's website URL will be www.abengold.com upon completion and approval [2] Group 3: Company Overview - Aben Minerals is a Canadian gold exploration company with projects in the Yukon Territory and British Columbia [3] - The flagship project is the 7,400-hectare Justin Gold Project, which is 100% owned and located in the Tintina Gold Belt [3] - The company also owns the Forrest Kerr Gold Project, which is located in the Golden Triangle of British Columbia [3] Group 4: Company Goals - The company's goal is to increase shareholder value through new discoveries and developing exploration projects in geopolitically favorable jurisdictions [4] - The company has 23.2 million shares outstanding [4]