Welcome to our dedicated page for Brookmount Expl news (Ticker: BMXI), a resource for investors and traders seeking the latest updates and insights on Brookmount Expl stock.
Brookmount Explorations Inc. reports news centered on gold exploration and production, with revenue updates tied to gold sales from mining operations. Company updates discuss the Talawaan operation in Southeast Asia, operating and financial results, audit status, governance appointments, and capital-structure matters involving the OTC-quoted BMXI shares.
Brookmount also reports developments at its North America Gold subsidiary, including Canadian and Alaskan gold properties such as the MooseHorn Gold Project in Yukon. Recurring disclosures cover mineral-asset transfers, NI 43-101 resource references, processing and mining operations, and the company's focus on gold assets with JORC or NI 43-101 verified resources.
Brookmount Exploration (OTC:BMXI) announced on November 24, 2025 the termination of its Regulation A offering after issuing 92,750,000 of the 125,000,000 shares offered; the remaining 32,250,000 shares will be returned to the company treasury.
The majority of offering proceeds were used to pay down convertible debt and to upgrade and expand gold mining operations in Indonesia. Surplus cash is being held to cover costs for the planned rollout and listing of a newly incorporated wholly owned subsidiary, North America Gold (NAG).
NAG is in the process of acquiring Brookmount’s three North American gold properties via a stock-based transaction using a pricing formula tied to existing NI 43-101 certified reserve values. Moosehorn has a reported initial NI 43-101 pit-constrained inferred resource of 39,040 ounces. Management expects property audit confirmations within about one month and says initial NAG valuation models show NPV figures above USD $100 million.
Brookmount Gold (OTC:BMXI) announced progress toward a planned Q1 2026 spinoff of its North American assets into a newly formed Nevada company, North America Gold, Inc. Brookmount will transfer three North American gold properties to the subsidiary in a stock-based deal using a pricing formula tied to existing NI 43-101 certified reserve values, then retain ~60% while distributing ~40% to Brookmount shareholders as a special dividend.
Brookmount has engaged geological consultants to revalidate NI 43-101 reports within 60–90 days, cites Moosehorn inferred resource of 39,040 oz, and says initial models show NPV valuations above USD $100 million. A SEC registration statement, fundraising and listing program for North America Gold are planned ahead of the spinoff.
Brookmount Gold (OTC:BMXI) announced the launch of a redesigned corporate website and investor relations portal on October 21, 2025. The site features a refreshed design, faster performance, interactive elements, improved navigation, and enhanced security to provide investors and stakeholders with easier access to financial information and company updates.
The update is presented as an effort to improve transparency and streamline communication about Brookmount's vision, growth strategy, and ongoing progress. The new site is available at https://www.brookmountau.com.
Brookmount Gold (OTCID:BMXI) filed Q3 fiscal 2025 results for the quarter ending 2025-08-31 reporting $5.04M revenue (+1% YoY, +34% QoQ) and $1.71M net income (EPS $0.01), with the average gold price in Q3 at $3,355/oz. Operating cash flow was $1.33M vs $102k year-ago. Total assets rose to $59.98M and total liabilities fell 30% to $1.26M, driven by a $365k reduction in convertible notes. Operationally the company mined and sold ~41,000 g (≈1,300 oz) of gold, expanded shafts and equipment, and targets 1 kg/day output within months. The company completed the 2021/22 IFRS audit and expects the 2023/24 audit to finish in the current quarter. Management highlighted non-recurring stock-based compensation and financings as a drag on net earnings and signaled continued North American and Indonesian expansion.
Brookmount Gold (OTC:BMXI) has announced significant measures to reduce stock dilution through two key initiatives. First, the company has executed a settlement agreement with its convertible note lender that eliminates further stock conversions, with the remaining balance to be repaid by December 2026. Second, BMXI is suspending its current Reg.A offering to file for a significant price increase from the existing $0.02 per share.
The company highlighted its 25 consecutive quarters of profitability and plans to accelerate its stock buyback program. Management indicated strong operational performance and cash flow, with plans to expand Indonesian gold operations and progress toward an exchange listing. Additionally, BMXI intends to spin off its North American assets.
Brookmount Gold (OTC PINK:BMXI) has scheduled an investor conference call for September 25, 2025, at 09:00 AM Eastern Time. The call will focus on discussing the company's Indonesian mine production increases and strategic use of its improved cash position.
Management will address key topics including mining asset strategies, operational improvements, plans to eliminate future dilution, and the company's vision for 2025 and beyond. CEO Nils Ollquist and the leadership team will present and take questions from participants.
Brookmount Gold (OTC:BMXI) has terminated its previously announced Memorandum of Understanding to acquire Principal Solar (OTC:PSWW). Instead, the company will establish a new Nevada subsidiary to facilitate the spin-off of its North American properties through a share-based special dividend structure.
Under the new arrangement, Brookmount and its shareholders will maintain 100% equity ownership of the North American properties through the spin-off process. The restructured approach aims to increase flexibility for a future listing of these assets on a recognized exchange. The company believes this bifurcation of Indonesian and North American operations will enhance overall group value.
Brookmount Gold (OTC PINK:BMXI) has appointed Michael Melamed as Director of Finance & Operations, effective immediately. Melamed brings over 30 years of experience in corporate finance, operations, and investor relations, with significant expertise in the mining sector.
Melamed, a Chartered Accountant from Australia, has served as CFO for several mining companies including Nova Minerals (NASDAQ/ASX listed), Asra Minerals, and Viridis Mining. He will focus on upgrading financial controls, coordinating audit activities between Indonesia and US operations, and improving operational management.
The appointment aligns with Brookmount's preparation for a potential uplisting, as stated by CEO Nils Ollquist.
Brookmount Gold (OTC:BMXI) reported Q2 2025 financial results, with revenue of $3.75 million, down 30% year-over-year but up 8% quarter-over-quarter. The company posted net earnings of $1.2 million ($0.01 EPS), impacted by non-recurring charges from the Talawaan acquisition.
Total assets increased to $57.39 million, up from $48.90 million in Q2 2024, while total liabilities decreased to $1.79 million. The company mined approximately 35,000 grams (1,200 ounces) of gold during the quarter and expanded its workforce by over 35 workers. The company completed its 2021/22 IFRS audit and expects to complete 2023/2024 audits next month.
Brookmount Gold (OTC:BMXI) has announced its financial reporting schedule and provided an update on its uplisting strategy. The company will release its Q2 2025 financial results by July 20, 2025, and expects to complete its 2023/24 IFRS/PCAOB audit review by August 15, 2025.
Following the recent completion of 2021/2022 IFRS audits, Brookmount aims to achieve fully reporting SEC status by September 30. The company has been approached by both Nasdaq and NYSE Amex listing committees and is actively pursuing a senior exchange listing. Management plans to provide additional updates through a CEO interview and the company's restructured social media presence.