Welcome to our dedicated page for Conquest Res news (Ticker: CQRLF), a resource for investors and traders seeking the latest updates and insights on Conquest Res stock.
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 a Letter of Intent dated November 27, 2025 to acquire 100% of Carrigel, the owner of the Valimaki Gold Project in southern Finland.
The project covers 23,197 hectares and hosts a 15 km gold-bearing boulder train with historic sampling of >150 boulders >1 g/t Au and assays up to 60 g/t Au. Conquest plans geophysics and mapping in early spring 2026 and drill testing in late summer/fall 2026 once permits are obtained.
Conquest Resources (CQRLF) said on October 28, 2025 it is reviewing data on its 100% owned Ontario gold projects and a 70% stake in King Bay for potential winter exploration, sale, option or joint venture transactions.
Key project notes: the 350 sq km Belfast-Teck Mag area hosts the former Golden Rose Mine (historic production 45,414 oz Au, 1935–1941) and extensive underground development; Smith Lake borders Barrick and Alamos assets and yielded grab samples >10 g/t Au; Alexander lies beside Campbell Red Lake with Goldcorp drilling in 2008 hitting 4.97 g/t Au over 1.82 m including higher subintervals.
Conquest Resources has completed its first phase 3,549m drill program with VerAI Discoveries at the Belfast-TeckMag Project in Ontario. The program tested four AI-generated targets, with three showing potential mineralized systems. The most promising results came from the Eaglerock target, where drilling identified a potential copper, zinc, and gold-bearing VMS system.
Notable intersections include 0.83% Cu over 0.50m in drillhole BC24-33 and anomalous Cu mineralization over 33.50m in BC24-32. The Eaglerock target spans 2km in length and showed sulphidic horizons with chalcopyrite and sphalerite mineralization. The partnership with VerAI, established in April 2024, involves a 1.5% NSR royalty agreement and funding for the drill program.
Conquest Resources (TSXV: CQR) has announced the commencement of a 3,000 m diamond drill program on its Belfast TeckMag Project near Sudbury, Ontario. This follows the exercise of a Royalty Option Agreement by VDI Resources , a subsidiary of VerAI Discoveries Inc. VerAI has been granted a 1.5% net smelter return royalty on certain target areas, with an additional 1.5% NSR in exchange for funding the drill program.
The program will test four high-priority targets identified by VerAI's proprietary AI technology. These targets are located near where Conquest previously discovered anomalous hydrothermal copper mineralization in 2021 and 2022. The AI analysis has identified seven separate areas with signatures similar to the geological setting of the past-producing Copperfields Mine.
Conquest Resources (TSXV: CQR) has announced the grant of 4,000,000 incentive stock options under its Stock Option Plan, representing 2.95% of currently issued shares. The options were distributed to directors, officers, consultants, and other service providers. Key allocations include:
- 500,000 options to John Kearney, Chairman
- 1,200,000 options to Tom Obradovich, CEO
- 500,000 options to Tong Yin, CFO
- 400,000 options to Chair of Audit Committee
- 300,000 options each to two independent directors
- 800,000 options to consultants and other service providers
All options are exercisable at $0.05 per share for a five-year term and will vest immediately.
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