Conquest Resources Ltd. is a mineral exploration company focused on base metals and gold properties in Ontario and Finland. News about CQRLF commonly covers exploration work at the Belfast-Teck Mag Project in the Temagami Mining Camp, including the past-producing Golden Rose Mine area, and at the Valimaki Gold Project in southwestern Finland.
Company updates also address flow-through and hard-dollar private placements used to fund exploration, stock option grants, TSX Venture Exchange matters, and the company's adoption of semi-annual financial reporting as a venture issuer.
Conquest Resources (CQRLF) entered into a definitive agreement dated August 27, 2026 with Inventus Mining for the sale of Conquest’s 100% interest in the Belfast-Teck Mag property, including the past-producing Golden Rose Mine near Sudbury, Ontario.
According to Conquest, it will receive 8,000,000 Inventus common shares, subject to hold periods and staged releases over two years, plus a 2.0% net smelter return royalty on certain claims, with Inventus able to buy back 0.5% for C$1,000,000. The transaction requires TSX Venture Exchange acceptance and customary closing conditions. Conquest highlighted a strategic focus on its Valimaki Project in Finland.
Conquest Resources (CQRLF) reported channel and grab sampling results from its 100% owned Smith Lake Gold Project, adjacent to the past-producing Renabie mine. In June 2026, 15 channel and 3 grab samples from the Campbell Vein returned up to 29.1 g/t Au in channels and 4.98 g/t Au in grabs.
Composite weighted averages included 1.95 g/t Au over 1.95 m (Channel 1) and 15.31 g/t Au over 3.00 m (Channel 5. Conquest outlined QA/QC procedures and plans an approximately 500-sample B-horizon geochemical survey this fall north-northeast of the Smith Lake Gold Zone.
Conquest Resources (OTCQB: CQRLF) reported results from its 2026 glacial till and prospecting rock sampling programs at the Valimaki Gold Project in southwestern Finland. The till grid comprised 795 field samples plus 58 QA/QC samples, defining multiple gold‑in‑till anomalies, notably at the Kultakallio‑Valimaki target area and the Silmusuo‑Saarijarvi corridor, with individual values up to 499.9 ppb Au.
Prospecting returned anomalous gold from selected grab samples, including values up to 2.82 g/t Au and two samples above 1 g/t Au. According to Conquest, these results, integrated with 2026 UAV magnetics, geological mapping, historical drilling and boulder data, will guide refinement and prioritization of future drill targets at Valimaki.
Conquest Resources (OTCQB:CQRLF) held its Annual and Special Meeting on June 11, 2026, where all resolutions passed.
Five directors were elected, Simone & Company was re-appointed as auditor with 99.9% support, and the Stock Option Plan was ratified with 99.36% of votes in favour.
Conquest Resources (OTC:CQRLF) reported progress on its spring 2026 exploration program at the Valimaki Gold Project in Finland. Work included high-resolution UAV magnetics, geological mapping, legacy drill core review, glacial till sampling and prospecting.
The program aims to refine structural and lithological targets for future follow-up and drill testing, integrating new geophysical data, 853 till samples, 128 rock samples and historic gold-rich boulder and drill information.
Conquest Resources (OTC: CQRLF) will shift from quarterly to semi-annual financial reporting under Coordinated Blanket Order 51-933. The company will not file interim statements for the quarter ended March 31, 2026, and will begin semi-annual reports for the six-month period ending June 30, 2026. Conquest says the change aims to reduce administrative costs and let management focus on exploration and development.
Conquest Resources (CQRLF / TSXV: CQR) announced on April 24, 2026 that its board granted 4,100,000 stock options on April 21, 2026 to directors, officers, management, employees and service providers.
The options are exercisable at $0.065 per common share, expire on April 21, 2031, vest quarterly over two years, and are subject to TSX Venture Exchange approval.
Conquest Resources (OTC: CQRLF) has started its 2026 exploration program at the Valimaki gold project in southwestern Finland, focused on target refinement ahead of drill testing. Key activities include a high-resolution UAV magnetic survey (~86 km2), geological mapping along a 15 km trend, prospecting, rock sampling, and regional plus detailed glacial till sampling. Historic data within the boulder train include more than 150 boulders >1 g/t Au and assays up to 60 g/t Au. The UAV survey is scheduled for mid-to-late March, with mapping, prospecting, and till programs in April–May 2026.
Conquest Resources (CQRLF) closed the final tranche of a non-brokered private placement and upsized the offering to $415,000 by issuing 8,300,000 shares at $0.05 per share on February 19, 2026.
Proceeds will fund the Belfast-Teck Mag Project in Ontario and working capital; $9,000 in finder’s fees (6%) were paid. The placement included an insider participant and relies on TSXV acceptance and MI 61-101 exemptions.
Conquest Resources (OTC: CQRLF) entered a share purchase agreement dated February 17, 2026 to acquire 100% of Carrigel, owner of the Valimaki Gold Project in Finland.
Consideration includes 5,000,000 shares and $35,000 on closing, a 2% net smelter royalty with a $3,000,000 option for Carrigel to buy 1% back, and a further 5,000,000 shares on first drill approval. Closing is subject to regulatory approvals including TSX Venture Exchange consent; issued securities carry a four‑month plus one‑day hold.