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Barksdale Resources Corp. reports exploration and corporate financing developments for its critical, base and precious metals portfolio across the Americas. Company announcements center on the flagship Sunnyside Project in Arizona, including reverse-circulation drilling, assay results, copper-zinc-silver mineralization, historical target areas, geophysical targets, permitting under a U.S. Forest Service plan of operation, and qualified-person review under National Instrument 43-101.
News also covers Barksdale's capital structure and funding activity, including private placements of common share units and warrants, secured convertible debenture amendments, shares-for-debt settlements, warrant extensions, related-party transaction disclosures, and TSX Venture Exchange matters tied to its exploration financing.
Barksdale Resources (OTCQB: BRKCF) announced on December 31, 2025 that independent director Jeffrey O'Neill resigned from the Board of Directors for personal reasons after nine years of service. He is based in Vancouver and will continue with the company as a strategic advisor. The Board chair thanked Mr. O'Neill for his contributions and wished him well.
Barksdale Resources (OTCQB: BRKCF) released Spring 2025 assay follow-ups and updated its Phase II drill plan for the Sunnyside joint venture. The company says additional assays expanded mineralized intervals and returned notable copper intercepts, including a 16.7m interval at ~0.15% Cu and a 4.6m interval at 0.78% Cu in SUN25-003.
Phase II (previously called Fall) is being moved to calendar Q1 2026 due to drill contractor availability. The earn-in requires a 7,260 metre drill program plus a stock issuance and cash payment to increase ownership to 67.5%. APEX-collected samples will be assayed and an updated NI 43-101 is being prepared.
Barksdale Resources (OTCQB: BRKCF) has achieved a significant milestone by completing Phase I earn-in requirements for the Sunnyside project in Arizona. The company has secured 51% permanent ownership through a C$1 million cash payment and issuance of 5 million shares to Regal Resources.
The company is now pursuing Phase II earn-in requirements to increase ownership to 67.5%, which involves completing 7,260 metres of drilling, a payment of C$550,000, and issuing 4.9 million shares. Barksdale has designed a comprehensive drill program to test copper, silver, and base metal targets previously identified by ASARCO between 1970-1992.
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.