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 Gold Corp (Brookmount Explorations, Inc.) (OTC:BMXI) is a gold exploration and production company that regularly issues updates on its mining operations, corporate restructuring, and capital markets activities. This news page aggregates those disclosures, giving readers a single place to review company-issued information about its Southeast Asian mines and North American gold assets.
In its public releases, Brookmount highlights operational developments at its producing gold mines in Southeast Asia, including changes in production levels, investments in equipment, workforce expansion, and efforts to increase ore throughput and efficiency. The company also reports on geological and technical work, such as NI 43-101 report updates for its Moosehorn property in Canada and audit and consulting engagements for its Alaskan properties.
Brookmount’s news flow also covers corporate and financial topics. These include announcements about its Regulation A offering, the use of proceeds to reduce convertible debt and fund mining upgrades, agreements related to the repayment and settlement of convertible notes, and commentary on profitability and cash flow. The company has additionally provided detailed updates on the creation and development of its subsidiary North America Gold, Inc., the transfer of Moosehorn, Atlin, and Macarthur Creek into that entity, and plans for a special share dividend and separate listing.
Visitors can use this page to follow Brookmount’s own descriptions of its strategy, which emphasizes a combination of Southeast Asian production and North American exploration and development. By reviewing the sequence of press releases, readers can track how the company presents its progress on asset transfers, resource validation, audit milestones, and recapitalization steps over time.
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 (OTCID: BMXI) is implementing a strategic geographic diversification approach, balancing high-grade operations in Indonesia with North American expansion. The company reported Q2 2025 revenue of $3.75 million from its Indonesian operations, which feature some of the highest ore grades in its history.
BMXI is advancing its presence in the Tintina Gold Belt, supported by a $2 million credit facility. This dual-market strategy aims to combine the high margins of emerging markets with the stability and investor confidence of developed markets, positioning the company for sustainable growth and improved market access.
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.
Brookmount Explorations (OTC:BMXI), a U.S.-based gold exploration and production company, reported strong Q2 2025 financial results from its Indonesian mining operations. The company achieved an operating profit of $1.7 million, marking a 21% increase from Q1 2025's $1.4 million. Sales revenue reached $3.8 million, up 11% quarter-over-quarter.
The positive results follow Brookmount's recent acquisition of full ownership of its Indonesian assets. The company is focusing on expanding production capacity through workforce growth and horizontal shaft development to access higher-grade ore seams. Complete Q2 financial statements will be filed on OTC Markets by July 20, 2025, with details of an upcoming shareholder call to be announced.
Brookmount Gold (OTC PINK:BMXI) has announced a significant stock buyback program, authorizing the repurchase of up to 10,000,000 shares or a maximum of $500,000 of its common stock at prices up to $0.05 per share. The repurchases will be conducted through open market transactions, with repurchased shares being returned to Treasury and retired.
The company, which operates gold mines in Southeast Asia and has exploration properties in North America, plans to execute this buyback while maintaining its other strategic initiatives, including debt payoff, accelerating production in Indonesia and North America, and completing the PSWW acquisition. CEO Nils Ollquist highlighted the company's strong audited balance sheet, new credit facility, and under $2 million in liabilities as enabling factors for this shareholder-focused initiative.
Brookmount Gold Corp. (OTC PINK:BMXI) has secured a preliminary agreement with J.J. Astor & Co. for a $2 million credit facility, with an initial tranche of $500,000 expected by June 30. The funds will partially finance gold production at their Yukon property, which contains 30,000 oz of gold tailings with potential revenue of up to $3 million.
The facility will help pay down convertible debt as part of a recapitalization strategy for uplisting. The agreement limits the company's Reg.A offering to $250,000 (12.5 million shares). This financing aligns with BMXI's recently announced plan to merge its North American operations with Principal Solar (OTC Pink:PSWW).