Bonterra Res Stock Price, News & Analysis

Bonterra Resources (TSXV: BTR) (OTCQX: BONXF) has announced its participation in the upcoming 121 Mining Investment Conference in London on November 14-15. President and CEO Marc-Andre Pelletier and Executive Chairman Cesar Gonzalez will present the company's recent and planned activities. The conference will feature over 150 mining companies and more than 500 investors, offering pre-arranged one-on-one meetings and expert commentary on industry developments. Investors can register for free attendance.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) congratulates Gold Fields on its C$2.16 billion acquisition of Osisko Mining Inc. The all-cash transaction, approved by Osisko Mining shareholders on October 17, 2024, is expected to close around October 25, 2024. Upon closing, Gold Fields will become the Operator of the Phoenix JV project in the Urban-Barry camp near the Windfall gold deposit.

Under the existing earn-in and joint venture agreement, Gold Fields can acquire up to 70% interest in the Project by investing C$30 million in work expenditures over three years. Since November 2023, Osisko Mining has drilled 60,000 meters and invested over C$15 million, leading to a significant discovery at the Moss target with high-grade mineralization similar to the Windfall-Lynx Zone.

Bonterra's Executive Chairman, Cesar Gonzalez, expressed enthusiasm about partnering with Gold Fields, a global gold producer, and the potential for new discoveries near the future Windfall mine.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) has appointed Lesley Antoun to its Board of Directors as an independent non-executive director. Antoun, with 30 years of leadership experience in various industries including mining, will chair the Human Resources and Compensation Committee and serve on several other committees. She replaces Matthew Happyjack, who will transition to a consulting role focusing on stakeholder relations. The Board maintains seven directors, four being independent.

Antoun brings expertise in engineering, marketing, and program management, with experience in collaborating with First Nations organizations. She holds board positions at Wainbee and Jacques Cartier and Champlain Bridges Incorporated. Antoun has a mechanical engineering degree and an MBA, and is pursuing a Sustainability and ESG Certification.

The appointment comes as Bonterra prepares to collaborate with Gold Fields on the Phoenix Joint Venture. Antoun has been granted 300,000 stock options at $0.285 per share, exercisable for five years.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) has launched a diamond drilling program at its wholly-owned Desmaraisville South project. The company plans to drill 4,000 to 6,000 meters by year-end, targeting several prospective areas identified through geological and geophysical work. The primary goal is to discover new mineralized lenses within 15 kilometers of the Bachelor Mill Complex.

Concurrently, Bonterra is considering updating its 2021 mineral resource estimate for the Barry and Gladiator deposits, following over 100,000 meters of additional drilling. The company also noted ongoing compilation work at the Phoenix JV, where a 60,000-meter drill campaign was completed in July, with further drilling expected later this year under Gold Fields' operation.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) congratulates Osisko Mining on its C$2.16 billion friendly takeover by Gold Fields The all-cash transaction values Osisko shares at C$4.90 per share, representing a 55% premium to the 20-day volume weighted average trading price. Bonterra's CEO, Marc André Pelletier, expressed enthusiasm for the deal, highlighting its significance for the Windfall gold project and the region's development. He also emphasized Bonterra's commitment to continuing the joint venture with their new partner, Gold Fields.

Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) has announced high-grade gold drill results from the Phoenix JV project, particularly at the Moss Target. Highlights include 38.33 g/t Au over 1.1 m and 7.37 g/t Au over 4.2 m. The project, under a joint venture with Osisko Mining, has seen about 60,000 meters drilled to date, with 37,000 m focused on the Moss Target. The mineralization is similar to the high-grade Lynx Zone and remains open. Drilling activities are completed for now and will resume later this year. The company has exceeded the minimum annual spending commitment of $10 million outlined in the agreement. Additionally, Bonterra plans a 6,000 m drill program at its Desmaraisville project, starting in September.

On June 12, 2024, Bonterra Resources (OTCQX: BONXF) held its Annual General Meeting (AGM) for the fiscal year ending 2023 in Val-d'Or, Quebec. Shareholders approved all matters, including the setting of the number of Directors at seven and the re-election of Cesar Gonzalez, Marc-André Pelletier, Normand Champigny, Matthew Happyjack, Paul Jacobi, Matt Houk, and Peter O'Malley as Directors. Crowe MacKay LLP was appointed as the auditors for the following year. Additionally, the Omnibus Equity Incentive Compensation Plan was approved. A total of 76,212,048 common shares, representing 57% of all issued and outstanding shares, were voted.

Bonterra Resources announced a non-exclusive marketing agreement with Westlake Capital to enhance investor relations and market presence. Westlake will receive GBP 5,850 monthly for services including connecting with investors, organizing meetings, and aiding marketing efforts. The six-month term, costing up to CAN$65,000, is extendable with mutual consent. Westlake is an independent Zurich-based firm with no prior ties to Bonterra and holds no Bonterra securities.

Bonterra Resources announced an update on its Desmaraisville project, having completed a 15,000-meter drill program and two geophysical surveys in late 2023. The company identified promising targets for field work, aiming to prioritize drill targets for a 9,000-meter drill program later this year. Bonterra also engaged Dr. Michel Jébrak for technical support. The field work will focus on gold showings, outcropping areas, Bouguer anomalies, and IP conductors. Concurrently, exploration at the Phoenix JV with Osisko Mining is progressing with 35,000 meters drilled so far. Additionally, Bonterra closed a private placement, raising $8.54 million and issuing compensation options and warrants to agents.