Welcome to our dedicated page for Barksdale Resources news (Ticker: BRKCF), a resource for investors and traders seeking the latest updates and insights on Barksdale Resources stock.
Barksdale Resources Corp. (OTCQB: BRKCF; TSXV: BRO; FSE: 2NZ) is a base metal exploration company headquartered in Vancouver, British Columbia, with a focus on critical, base, and precious metal projects across the Americas. Company news frequently centers on its copper- and zinc-focused exploration programs and corporate developments that affect its capital structure and project ownership.
Readers following Barksdale’s news can expect regular updates on the Sunnyside copper-zinc-lead-silver project and the San Antonio copper project in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico. News releases describe drilling campaigns, assay results, and technical interpretations, including details on mineralized intervals, geological observations, and quality assurance and quality control procedures.
Barksdale also issues news on joint venture and earn-in milestones at Sunnyside, outlining progress toward ownership thresholds such as 51% and 67.5%. These updates often explain completed drilling footage, defined expenditures, and related cash and share payments to its joint venture partner.
In addition, the company reports on financing transactions, such as secured convertible debentures and associated warrants with investment funds managed by Delbrook Capital Advisors Inc., and on equity-based compensation matters, including the adoption of an omnibus share incentive plan and stock option grants. Governance and corporate updates, such as board changes and recognition as an OTCQX Best 50 Company in 2023, are also disclosed through its news flow.
For investors and observers, Barksdale’s news stream provides insight into exploration progress, project ownership evolution, and the financing arrangements that support its activities in Arizona and Mexico.
Barksdale Resources (OTCQB: BRKCF) has announced plans to increase its ownership in the Sunnyside project from 51% to 67.5%. The company has completed required expenditures and drilling for its initial 51% stake, pending confirmation from Regal Resources to release $1.0 million cash and 5.0 million shares held in escrow.
The company plans an additional 7,620 metres fall drilling program to achieve 67.5% ownership. Preliminary Spring drilling results confirmed copper mineralization up to 0.78% Cu over 4.6 metres. The Sunnyside project contains extensions of South32's Taylor and Peake deposits, along with a copper porphyry deposit and near-surface chalcocite target.
Additionally, Barksdale announced its transition from OTCQX to OTCQB market due to not meeting minimum bid requirements.
Barksdale Resources (TSXV: BRO) (OTCQX: BRKCF) has secured up to C$3 million in secured convertible debentures from Delbrook Capital Advisors. The funding will support completion of 3,300 feet of drilling at the Sunnyside Project in Southern Arizona and facilitate a C$1.0 million payment to Regal Resources USA to secure a 51% stake in the project.
The new debentures feature a 10% annual interest rate, mature on December 31, 2026 (extendable to 2027), and are convertible at C$0.12 per share. The offering includes an initial C$2 million advance with potential additional advances totaling C$1 million. The company will issue 5,000,000 warrants exercisable at C$0.12 until December 31, 2027.
Additionally, Barksdale has agreed to extend existing C$1.5 million convertible debentures and 8,000,000 warrants from December 31, 2025 to December 31, 2027. A finder's fee of 1,200,000 common shares at C$0.12 is payable to Medalist Capital Advisors.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has received TSX Venture Exchange acceptance for extending its convertible debentures maturity date to December 31, 2025, and reducing the conversion price to $0.12 per common share. The debentures, held by Delbrook entities, have a remaining principal of $1,500,000.
The company issued 1,684,931 units to settle $151,644 of accrued interest, with each unit comprising one common share at $0.09 and half a warrant exercisable at $0.12 for three years. Additionally, Barksdale issued 8,000,000 share purchase warrants as an extension fee, exercisable at $0.12 until December 31, 2025. All securities are subject to a four-month hold period until June 15, 2025.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has announced a leadership transition as Rick Trotman steps down from his position as President and CEO, effective February 5, 2025. William Wulftange, a current board member since 2020, has been appointed as interim CEO.
Wulftange brings significant experience as an exploration geologist, having contributed to the discovery and development of major mines including Paradise Peak Mine in Nevada, El Peñón mine in Chile, and Cerro Negro Mine in Argentina. He previously served as SVP of Global Exploration for Yamana Gold until his retirement in 2018.
In his new role, Wulftange will focus on completing the earn-in for the company's flagship Sunnyside Project. The Board will conduct a search for a permanent CEO in the coming months.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) has announced modified terms for its convertible debentures with Delbrook Capital Advisors. The key changes include:
- Extension of maturity date to December 31, 2025
- Reduction of conversion price to $0.12 per share
- Issuance of 8,000,000 new detachable warrants at $0.12 per share
- Continuation of 10% annual interest rate
The company will also settle accrued interest of $151,643.84 through the issuance of 1,684,932 units at $0.09 per unit. Each unit includes one share and half a warrant, with whole warrants exercisable at $0.12 for three years. All securities will have a four-month hold period and require TSX Venture Exchange approval.
Barksdale Resources Corp. (BRKCF) has announced significant assay results from drill hole SUN24-002B at its Sunnyside Project, confirming high-grade polymetallic sulfide mineralization. The results revealed impressive grades of up to 3.1% copper, 842 g/t silver, 5.5% zinc, and 7.6% lead in stacked sulfide-rich horizons.
The mineralization spans approximately 100 meters, from depths of 1270.8m to 1371.4m, where the hole was lost. The high-grade horizons vary in width from less than 1 meter to over 10 meters. The drill hole encountered over 80m of pervasive manganiferous siderite alteration before being lost at 1,374m depth when the rods became stuck.
According to company experts, the size and scale of the alteration and mineralization indicates a large hydrothermal system operating at depth, suggesting potential for a major deposit discovery.
Barksdale Resources Corp (TSXV: BRO) (OTCQX: BRKCF) is seeking TSXV approval to modify terms of its $1.5 million convertible debentures held by Delbrook Capital Advisors. The key changes include reducing the conversion price from $0.55 to $0.18 per share and extending the maturity date to December 31, 2025.
The company plans to issue 8 million new detachable common share purchase warrants to Delbrook, replacing 2.77 million expired warrants. The debentures carry a 10% annual interest rate. Additionally, Barksdale proposes a securities-for-debt settlement to resolve $151,643.84 in accrued interest through the issuance of 1,045,819 units at $0.145 per unit. Each unit includes one share and half a warrant exercisable at $0.18 for three years.
Delbrook has granted a payment extension until January 17, 2025, allowing time for TSXV approval and documentation completion.
Barksdale Resources Corp. (TSXV: BRO) (OTCQX: BRKCF) has announced significant findings from its ongoing exploration drilling at the Sunnyside Project in Arizona. The company has intercepted copper-rich carbonate replacement deposit (CRD) style mineralization at depth. Drill hole SUN24-002B has encountered approximately 93m of intensely altered and mineralized rocks, with a notable 9.75m interval of semi-massive sulfides containing up to 50% sulfide composed of chalcopyrite and galena with accessory minerals.
The drilling, currently at 1,370m depth, revealed mineralization within altered volcanic and carbonate lithologies from 1,265 to 1,358m, featuring semi-massive to stockwork textured sulfide mineralization. While visual results are encouraging, the company awaits assay results from ALS Global's laboratory in Tucson for definitive confirmation.