Bonterra Res Stock Price, News & Analysis

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) has announced the issuance of stock options to company employees, officers, and directors. The compensation package includes 1,875,000 common shares that can be exercised at $0.26 per share. The stock options vest immediately and have a five-year exercise period from the grant date. The implementation of these options is subject to regulatory approval and follows the company's stock option plan.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has completed a non-brokered private placement, raising $325,000 through the sale of 1,625,000 units at $0.20 per unit. Each unit comprises one common share and half a warrant, with each full warrant allowing purchase of one share at $0.26 for two years.

The offering includes a four-month plus one day restricted period ending August 5, 2025, with $19,500 paid in finder's fees. CEO Marc-André Pelletier noted this placement specifically targeted European investors, building on relationships developed since last summer. The proceeds will fund exploration activities and general working capital.

Bonterra Resources (BONXF) has reported initial drilling results from the Gladiator Southwest target and announced its 2025 exploration program at the Phoenix JV project with Gold Fields. The company has completed over 65,000 meters of drilling, with approximately C$18 million invested under the JV Agreement.

Key highlights include:

• A significant intersection of 20.3 g/t Au over 1.5m in hole PHX-24-0119
• 5,700 meters (13 drill holes) completed at the Gladiator SW Target
• Gold Fields plans a potential 15,000m drill program for 2025

The Phoenix JV project contains combined resources of 1.08 million ounces of Measured and Indicated Mineral resources and 1.68 million ounces of Inferred Mineral resources. Gold Fields has the right to acquire a 70% interest by spending C$30 million in work expenditures, with a minimum C$10 million annual commitment over three years.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced that Urbana is initiating a 4,150-meter winter drilling program on the Urbana property, which is adjacent to Bonterra's Moss target on the Phoenix JV with Gold Fields

The Urbana property is strategically located along the regional Mazères Fault, the main structural corridor hosting the Barry deposit (0.689 million ounces in Measured and Indicated categories, plus 0.689 million ounces in Inferred category). Recent drilling at the Moss Target has revealed high-grade gold mineralization similar to the Lynx Zone at the Windfall project.

The Urban-Barry camp has already yielded nearly 10 million ounces of gold discoveries across the Windfall, Barry, and Gladiator deposits, yet remains underexplored with potential for additional discoveries.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced new security-based compensation grants effective December 23, 2024. The company granted 300,000 restricted share units (RSUs) to one officer, which will vest over a one-year period under the company's Omnibus Equity Incentive Compensation Plan. Additionally, another officer received 750,000 stock options that vest immediately and can be exercised at $0.225 per share over a five-year period from the grant date.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced initial assay results from its 4,761-meter diamond drilling campaign at the Desmaraisville South Project. The campaign, consisting of 16 diamond drill holes, discovered four new mineralized zones within 5 km of the company's Bachelor Mill Complex.

Key highlights include:

• 1.13 g/t Au over 16.0 m, including 2.02 g/t Au over 6.0 m
• 5.30 g/t Au over 1.4 m, including 18.39 g/t Au over 0.4 m
• 2.58 g/t Au over 6.0 m, including 4.50 g/t Au over 3.2 m
• 0.59 g/t Au over 22.3 m, including 3.17 g/t Au over 2.4 m

The drilling campaign focused on testing new targets based on 2024 fieldwork observations, follow-up on previous promising results, new geophysical IP targets, and the near-surface extension of the Hewfran gold mineralized zone.

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has completed a non-brokered private placement, selling 2,722,391 flow-through units at $0.40 per unit for gross proceeds of $1,088,956.40. Each unit includes one flow-through share and half a warrant, with each full warrant exercisable at C$0.31 until December 12, 2026.

The offering attracted key investors including SIDEX, a mineral exploration investment fund, and Wexford Capital. The proceeds will fund Canadian exploration expenses and utilize VRIFY's AI tools for exploration work at the company's Desmaraisville property, which hosts the Bachelor Mill. Quebec residents will be eligible for an additional 20% tax deduction. Company insiders participated by acquiring 548,478 units.

Bonterra Resources (BONXF) has announced additional assay results from the Moss target and the restart of drilling operations by Gold Fields at the Phoenix JV project. Under the JV Agreement, Gold Fields can acquire up to 70% interest by spending C$30 million, with a minimum C$10 million yearly commitment over three years.

The Moss target drilling program revealed significant results, including 6.23 g/t Au over 2.8m and 12.3 g/t Au over 0.5m. Over 60,000 meters have been drilled, with approximately C$16 million spent on the Project this year.

Gold Fields is planning a 20,000 meters drill program with three to four drill rigs, focusing on the Barry Shear Zone near the Gladiator deposit, which contains 0.4 million ounces of Measured and Indicated resources and 1.0 million ounces of Inferred resources.

Bonterra Resources has extended its marketing agreement with Westlake Capital, a Zurich-based marketing firm. Westlake will provide non-exclusive marketing and investor relations services, including investor outreach, organizing meetings, news distribution, marketing campaign assistance, and market intelligence. The agreement spans six months with a monthly fee of GBP 4,500, not exceeding CAN$49,000 total. Westlake, operating at arm's length from Bonterra, owns no securities or interests in the company.