Brookmount Expl (BMXI) Stock News

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).

Brookmount Gold (BMXI) has announced the completion of its 2021/22 financial audit, with Russell Bedford issuing the audit opinion. The company plans to upload the signed accounts to OTC Markets. Additionally, auditors are currently working on the 2023/24 accounts, with all necessary information already uploaded to the company's Xero accounting system on iCloud. This audit completion is part of BMXI's broader strategy to achieve SEC fully reporting status and pursue an uplisting, signaling the company's commitment to enhanced financial transparency and market position.

Brookmount Gold Corp. (BMXI) and Principal Solar (PSWW) have agreed to expand their strategic business combination to jointly develop critical mineral and gold assets across North America. The partnership focuses on building a vertically integrated platform that combines gold mining with critical minerals essential for clean energy. BMXI's portfolio includes gold properties in the Tintina Gold Belt spanning Yukon and Alaska. The strategic combination aims to capitalize on gold's dual role as both a financial safe haven and a component in clean energy technologies like EV power systems, wind turbines, and solar cells. The partnership positions shareholders to benefit from both macroeconomic volatility protection and clean energy market growth. The companies are currently conducting due diligence and will provide a detailed transaction roadmap in the coming weeks.

Brookmount Gold (BMXI) reports significant improvements in ore grades from its Indonesian mining operations, with recent testing showing gold grades of approximately 20 grams/tonne from a 7.5-tonne batch. This marks the highest grade since taking control of Indonesian operations, following strategic decisions to deepen primary shafts to 70 meters and create horizontal extraction shafts. The company expects production and sales to increase substantially in coming months. Current gold prices at US$111/gram, up 4% due to Middle East tensions, combined with fixed production costs and higher ore yields, are expected to boost profitability. The company also plans to update shareholders on an upcoming transaction with Principal Solar, including plans to expand into rare earth mineral assets in North America.

Brookmount Gold (BMXI) has completed the conversion of its 2021/22 financial statements from US GAAP to IFRS standards. The company reported net operational profits of approximately $7 million for 2022, which is within 10% of previously submitted unaudited results to OTC Markets. This translates to earnings per share of $0.04 based on outstanding shares as of February 28, 2025. The converted statements will be forwarded to Russell Bedford for audit sign-off, after which they will be posted to OTC Markets. Additionally, the company confirmed that the audit of 2023/24 accounts is in progress, and once completed, the combined 2021-2024 IFRS audited accounts will undergo PCAOB review and sign-off.

Brookmount Gold (BMXI) reported strong production metrics from its Indonesian mining operations for May-June 2025. The company completed 7 production cycles, processing 52 tonnes of ore and yielding 1.5 kg (approximately 54 oz) of gold, with an average yield of 216 grams (7.7 oz) per run. BMXI is expanding its workforce to reach 100 miners by June end. The company's main vertical shaft extends to 70 meters, with plans to construct two additional horizontal shafts. A new adjacent mining location featuring a pre-excavated horizontal tunnel with three vertical shafts is being prepared, expected to contribute over 50% to total production volume in H2 2025.

Brookmount Explorations (BMXI) has signed a Memorandum of Understanding (MoU) to acquire a controlling interest in Principal Solar (PSWW). The transaction involves Brookmount initially acquiring PSWW through cash and shares, followed by transferring Brookmount's North American gold development properties in the Tintina Gold Belt to Principal Solar. Subsequently, Brookmount plans to distribute its Principal Solar shares to shareholders as a special dividend.

After the transaction, Brookmount shareholders will maintain an 80% stake in the consolidated group, while Principal Solar shareholders will hold 20%. Principal Solar will be renamed "North American Gold" and plans to pursue an underwritten public offering with simultaneous listing. Brookmount will maintain its Indonesian assets separately, which provide increasing cash flow for Asian gold production development.

Brookmount Explorations (BMXI) has signed a Memorandum of Understanding (MoU) to acquire a controlling interest in Principal Solar (PSSW). The transaction involves transferring Brookmount's North American gold properties in the Tintina Gold Belt to Principal Solar, which will be renamed "North American Gold". Following the deal, Brookmount shareholders will retain 80% ownership while Principal Solar shareholders will hold 20% of the consolidated group.

Brookmount plans to distribute its Principal Solar shares to its shareholders as a special dividend. The restructuring aims to create an independent investment platform for North American assets, with Principal Solar pursuing an underwritten public offering and simultaneous listing. Meanwhile, Brookmount will maintain its Indonesian gold mining operations, which provide increasing cash flow for Asian asset development.