Cordoba Minerals Stock Price, News & Analysis

Cordoba Minerals (OTCQB: CDBMF) has announced the filing and distribution of special meeting materials for shareholders to vote on two key proposals: (1) the sale of its remaining 50% stake in the Alacran Project and other Colombian exploration assets, and (2) a cash distribution plan to shareholders following the transaction completion.

The special meeting is scheduled for September 15, 2025, with a proxy voting deadline of September 11, 2025. The Board of Directors recommends shareholders vote in favor of both resolutions. The transaction's closing is expected in Q4 2025, pending Environmental Impact Assessment approval from Colombia's ANLA and shareholder approval. The company has already received conditional approval from the TSX Venture Exchange.

Cordoba Minerals (OTCQB: CDBMF) has announced that JCHX Mining Management has completed its final US$20 million payment to maintain its 50% interest in CMH Colombia S.A.S., which holds the Alacrán Project. This payment completes JCHX's total US$100 million investment commitment under the Initial Framework Agreement.

Cordoba has used US$10 million of the final installment to repay bridge loans from JCHX affiliates. Additionally, the company has entered into a definitive agreement to sell its remaining 50% interest in the Alacrán Project to Veritas Resources AG, a JCHX subsidiary, which will result in Veritas owning 100% of the project upon completion.

Cordoba Minerals Corp. (CDBMF) held its Annual General Meeting of Shareholders on June 9, 2025, where all nominated directors were successfully elected with overwhelming shareholder support, each receiving over 99% of votes in favor. The seven elected directors include Dr. Diane Nicolson, Terry Krepiakevich, Luis Valencia González, Dr. Huaisheng Peng, Jordan Neeser, Quentin Markin, and Glen Kuntz. Shareholders also approved the re-appointment of Deloitte LLP as the company's auditors and re-approved the company's rolling stock option plan, which allows for up to 10% of issued and outstanding shares to be issued under the plan, subject to TSX Venture Exchange approval.

Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) announced significant management changes on May 9, 2025. Mark Gibson has resigned from his positions as Chief Operating Officer and Director of the Company, concluding his 10-year tenure. Gibson will not stand for election at the upcoming annual general meeting scheduled for June 9, 2025. The company clarified that previously submitted proxy votes for other board nominees and resolutions remain valid, though votes regarding Gibson's election will be disregarded.

Cordoba Minerals (CDBMF) has announced a transformational deal to sell its remaining 50% stake in the Alacran Project and other Colombian assets to Veritas Resources AG for US$88 million in immediate cash, plus potential additional payments of up to US$40 million. The transaction includes a deferred payment of US$12 million payable upon commercial production or within 36 months, and a contingent payment of US$8-28 million based on copper prices. Veritas, currently owned by JCHX (19.81% Cordoba shareholder), will be controlled by a mining investor consortium with JCHX retaining 55%. Cordoba plans to distribute US$65-70 million to shareholders within six months of closing, retaining US$5 million for corporate purposes. The deal requires TSX Venture Exchange approval, shareholder approval, and Environmental Impact Assessment approval, with closing expected by December 2025.

Cordoba Minerals Corp (TSXV: CDB) (OTCQB: CDBMF) has announced significant changes to its leadership team. The company has appointed two new members to its Board of Directors: Mark Gibson and Glen Kuntz.

Gibson, currently Ivanhoe Electric's Chief Geophysics Officer, brings over 33 years of experience as a geoscientist and manager. He has been Cordoba's Chief Operating Officer since 2017 and played a important role in the Alacran Project Feasibility Study.

Kuntz, serving as Ivanhoe Electric's Senior Vice President of Mine Development since November 2022, contributes over 30 years of expertise in exploration, development, and operations. He has been significantly involved in the Alacran Project's technical work.

The company also announced that Gustavo Zulliger has stepped down from his position as Vice-President of Exploration to pursue other opportunities.

Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) has received a US$10 million bridge financing from affiliates of its joint venture partner, JCHX Mining Management. The financing consists of two US$5 million loans advanced to Cordoba and the joint venture entity holding the Alacran Copper-Gold-Silver Project in Colombia.

The bridge loans will support the company's mineral projects advancement, particularly the detailed engineering design work program at the Alacran Project, and general corporate purposes. The company aims to progress the Alacran Project towards the construction phase while maintaining stakeholder engagement.

Cordoba Minerals (TSXV: CDB) (OTCQB: CDBMF) has secured US$10 million in bridge financing from JCHX Mining Management Co., The financing consists of two US$5 million loans, one directly to Cordoba and another to the joint venture entity holding the Alacran Copper-Gold-Silver Project in Colombia. The Bridge Loans carry a 10% annual interest rate for the first six months, increasing to 12% thereafter. The loans mature in 36 months or when JCHX's third US$20 million installment becomes due under their US$100 million strategic arrangement. The funds will support the advancement of mineral projects, including detailed engineering design work at Alacran Project, and general corporate purposes.

Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) has announced the granting of equity incentive awards. The Board of Directors has approved a total of 709,823 common shares in the form of 256,529 stock options and 453,294 deferred share units (DSUs) to certain directors.

The stock options are exercisable at $0.455 per common share with a vesting schedule of 1/3 on the grant date, 1/3 after six months, and the final 1/3 after one year. These options have a five-year expiration period. The DSUs will be redeemable upon the retirement or replacement of a director.