Bonterra Res (BONXF) Stock News

Bonterra (OTCQX: BONXF) announced the 2026 Phoenix JV exploration program with Gold Fields, featuring an ~8,000 m deep-drill campaign at the Barry deposit and planned Barry camp upgrades.

Gold Fields may earn a 70% interest by spending C$30 million (minimum C$10M/year), expects to complete the earn-in by mid-2026, and has budgeted ~C$4 million for 2026 work. Barry has a 2021 MRE of 0.7 Moz Measured & Indicated and 0.7 Moz Inferred, is delineated over 1.4 km strike and 700 m vertical, and remains open at depth.

Bonterra (OTCQX: BONXF, TSXV: BTR) announced that the Canada Revenue Agency is completing a tax audit of the company's renunciations of Canadian exploration expenses (CEE) related to flow-through financings closed on Dec 13, 2019 and Oct 21, 2021 that raised approximately C$16.96 million. CRA intends to reclassify about C$11.05 million of previously renounced CEE, a position Bonterra disputes (CRA views the Moroy Deposit as an extension of the Bachelor Mine). CRA will notify subscribers of reassessments starting with the Dec 2019 financing; Bonterra has indemnified subscribers under the subscription agreements. The company estimates a maximum aggregate exposure, including interest, penalties and Part XII.6 tax, of about C$9.5 million, with initial reassessment liability nearer C$3.0 million, and expects to record the liability in its FY2025 financial statements.

Bonterra Resources (OTCQX: BONXF) is advancing a 3 million ounce gold portfolio and moving drill rigs across Quebec projects.

Key points: a joint venture with Gold Fields at the Phoenix JV in the Abitibi Greenstone Belt is active, with two drill rigs running as part of a 15,000 m 2025 program. Bonterra also has one rig on its 100% owned Desmaraisville property, where it plans a 10,000–12,000 m program this year.

Bonterra Resources (OTCQX: BONXF) announced discovery of an extension to the Hewfran Zone at the 100%‑owned Desmaraisville South Project, adjacent to historical Bachelor Mine workings and within 500 m of the Bachelor Mill Complex.

Key facts: drill highlights include 2.78 g/t Au over 4.7 m (BRDS‑25‑076), 2.54 g/t Au over 8.0 m (BRDS‑25‑077) and 1.32 g/t Au over 17.0 m (BRDS‑25‑092). To date, 22 holes (5,658 m) completed in a 10,000–12,000 m 2025 program; 1,148 assays pending. Historic Bachelor production exceeded 350,000 oz at 5.0 g/t Au, supporting a potential low‑cost restart using existing infrastructure.

Bonterra Resources (OTCQX:BONXF) has provided updates on its exploration activities at two key projects. At the Phoenix JV Project, where Gold Fields has invested approximately C$20 million to date under a C$30 million earn-in agreement, over 65,000 meters have been drilled. A new 15,000-meter drilling campaign is set to begin with initial focus on the Duke NE target.

The company has completed an airborne gravimetric survey and conducted extensive B-horizon soil sampling and prospecting activities at Phoenix JV. At Desmaraisville South, Bonterra has drilled approximately 2,500 meters at Hewfran and Mistik targets, with plans to complete 10,000-12,000 meters by year-end. The company also clarified that 2,509,109 non-transferable broker warrants were issued in connection with its recent C$10.5 million private placement.

Bonterra Resources (OTCQX: BONXF) has unveiled its 2025 exploration plans for the wholly-owned Desmaraisville South Project. The company plans to execute a 10,000 to 12,000-meter drill program by year-end, targeting areas identified through VRIFY's AI-Assisted Mineral Discovery Platform DORA.

The company owns the Bachelor Mill Complex, a strategic asset with an 800 tonnes per day capacity, powered by hydroelectric grid power. The facility includes an assay laboratory processing 6,000 samples monthly and a 100-person camp. Notably, permitting is in progress for a potential expansion to 1,800 tonnes per day.

Following a successful 2024 drilling campaign and recent upsized financing completion, Bonterra is fully funded to execute its 2025 exploration plans, which include field work, mapping, and geochemical sampling.

Bonterra Resources (OTCQX: BONXF) provided updates on its Phoenix JV project with Gold Fields, where Gold Fields can earn a 70% interest by spending C$30 million in work expenditures. The project has seen significant progress with over 65,000 meters drilled and C$20 million invested to date.

Current exploration activities include gravity surveys and field work, with a planned 15,000-meter drill program starting in August. The program will focus on the Barry Shear Zone at Gladiator NE and Titan targets, with three drill rigs to be deployed. Previous drilling at Titan returned promising results, including intersections of 12.4 g/t Au over 5.3m.

Bonterra Resources (BONXF) held its 2025 Annual General Meeting on June 11, 2025, where shareholders approved all proposed matters. The meeting saw participation from approximately 46% of outstanding shares, with 77,193,201 common shares voted. Key approvals included setting the board size at seven members, re-electing all seven directors including Cesar Gonzalez and Marc-André Pelletier, appointing Crowe MacKay LLP as auditors, and adopting the company's Omnibus Equity Incentive Compensation Plan. The meeting represented the fiscal year ended 2024.

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.