Welcome to our dedicated page for Bonterra Res news (Ticker: BONXF), a resource for investors and traders seeking the latest updates and insights on Bonterra Res stock.
Bonterra Resources Inc. (OTCQX: BONXF) generates frequent news related to gold exploration activities in Quebec, Canada. As a gold exploration company with advanced assets and a central milling facility, Bonterra regularly reports on drill results, project updates, and corporate developments that are relevant to investors following the gold ore mining sector.
News releases often highlight progress at the Desmaraisville South Project, where Bonterra is exploring near the Bachelor Mill Complex. Updates include details on drill campaigns at targets such as Hewfran, Mistik 13, and Le Sueur, as well as the use of VRIFY’s AI-Assisted Mineral Discovery Platform (DORA) to refine exploration targets. The company also reports on the potential of zones located within the Bachelor mining lease and near existing underground workings and infrastructure.
Another major source of news is the Phoenix JV with a subsidiary of Gold Fields Ltd. Bonterra’s releases describe drilling programs, geophysical surveys, and target generation across the Urban-Barry properties, including the Gladiator and Barry deposits. These updates may include meters drilled, target areas such as Gladiator NE, Titan, Duke NE, and Moss, and references to historical and current gold intersections.
In addition to technical exploration news, Bonterra publishes corporate announcements such as private placements, security-based compensation grants, and results of annual general meetings, including shareholder approvals and governance items. Together, these news items provide a view of how the company advances its projects, manages its capital, and works within a joint venture framework.
Investors and observers can use this news feed to follow Bonterra’s exploration progress, joint venture activities with Gold Fields, and corporate actions that may influence the company’s gold exploration profile in Quebec.
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.
Bonterra Resources Inc. amends its agreement with Machai Capital Inc. to pay a cash fee for digital marketing services instead of common shares, following TSX Venture Exchange policies. The three-month engagement, starting on March 15, 2024, will see Machai receive $33,000 plus taxes by May 8, 2024. Machai specializes in marketing and public awareness in various sectors and is unrelated to Bonterra aside from this agreement.
Bonterra Resources Inc. has successfully closed its 'best efforts' private placement, raising gross proceeds of $8.5 million. The Offering included the sale of 5,250,000 flow-through units and 24,820,000 units at specific prices. Eight Capital acted as lead agent in the transaction. The Company plans to utilize the net proceeds for working capital and general corporate purposes. Additionally, Bonterra settled $1.5 million in outstanding debt through the issuance of common shares.
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