Welcome to our dedicated page for Entree Resources news (Ticker: ERLFF), a resource for investors and traders seeking the latest updates and insights on Entree Resources stock.
Entrée Resources Ltd (ERLFF) is a Canadian mining company with a strategic carried interest in Mongolia's Oyu Tolgoi copper-gold project, one of the world's largest undeveloped mineral resources. This page aggregates official updates and analysis regarding the company's joint venture participation, operational developments, and sector positioning.
Investors and analysts will find timely updates on key areas including joint venture restructuring progress, licensing agreements, and strategic partnership developments. All content is verified through primary sources to ensure accuracy in reporting complex mining sector arrangements.
The curated news feed covers essential categories such as operational milestones, arbitration outcomes affecting project timelines, and financial updates related to Entrée's non-operating revenue model. Regular updates provide insight into how the company navigates large-scale mining partnerships without direct production responsibilities.
Bookmark this page for streamlined access to Entrée Resources' evolving role in global copper markets. Check back regularly for verified updates on legal proceedings, resource estimates, and partnership developments impacting the Oyu Tolgoi project's value chain.
Entrée Resources (ERLFF) has reported its fiscal year 2024 results and significant developments. The company achieved a major milestone when an international arbitration Tribunal ruled in its favor against Oyu Tolgoi (OTLLC) in December 2024. Following this, the Joint Venture Agreement (Entrée/Oyu Tolgoi JVA) was formally executed in February 2025.
Key operational highlights include the commencement of first Oyu Tolgoi Lift 1 Panel 1 underground development work on October 28, 2024, with 48 equivalent metres of lateral development completed by year-end. The 2024 drilling program included extensive surface and underground drilling at Hugo North Extension, totaling ~4,652.1 metres and ~6,221.1 metres respectively.
Financial results show an operating loss of $4.8 million for 2024, compared to $4.5 million in 2023. The company ended the year with a cash balance of $2.4 million and working capital of $2.6 million. In January 2025, they raised C$5.7 million through a private placement.
Entrée Resources (ERLFF) has announced significant drill results from its Hugo North Extension (HNE) and Heruga deposits in Mongolia. The company reported results from eleven underground diamond drill holes completed between 2022-2024 at HNE, with notable highlights including:
- UGD 578: 164m at 1.61% copper equivalent (CuEq), including 72m at 2.89% CuEq
- UGD 807C: 465.5m at 1.51% CuEq, including 188.5m at 2.50% CuEq
- UGD 815: 224m at 2.05% CuEq
- UGD 852: 351.2m at 1.53% CuEq, including 104m at 2.65% CuEq
At Heruga, drill hole EJD0099 returned 409.9m at 0.58% CuEq, including 230m at 0.79% CuEq, marking the first drilling at this deposit in over 12 years. The 2024 drilling program at HNE included 4,652.1m of surface drilling and 6,221.1m of underground drilling.
Entrée Resources (OTCQB:ERLFF) has announced the formal execution of its Joint Venture Agreement with Oyu Tolgoi (OTLLC), formalizing their 16-year operational partnership that began on June 30, 2008. The agreement enables the transfer of Joint Venture licenses to OTLLC under Mongolian law.
The execution follows a favorable arbitration award from December 19, 2024. The next step involves transferring the Shivee Tolgoi and Javkhlant mining licenses from Entrée to OTLLC, with joint venture fees and taxes being shared according to ownership structure (OTLLC lending Entrée's 20% share).
Additionally, the agreement has been amended to include the Shivee West Property within the Joint Venture Properties. This strategic move, effective February 3, 2025, helps Entrée avoid the significant annual holding cost of US$350,000 for the property.
Entrée Resources (TSX:ETG; OTCQB:ERLFF) has won a significant arbitration decision against Oyu Tolgoi (OTLLC) and Turquoise Hill Resources The three-member international arbitration Tribunal ruled in Entrée's favor on all issues and dismissed the Respondents' counterclaims. The Tribunal's binding declarations establish that OTLLC must: provide an executed Joint Venture Agreement (JVA), facilitate the transfer of the Shivee Tolgoi and Javhlant mining licenses, and cover Entrée's 20% share of taxes and fees as a loan under the JVA. The decision provides certainty for Oyu Tolgoi project stakeholders and supports keeping Lift 1 Panel 1 development work on schedule.
Entrée Resources reported Q3 2024 results highlighting progress at the Oyu Tolgoi project in Mongolia. The first Oyu Tolgoi Lift 1 Panel 1 underground development work on the Entrée/Oyu Tolgoi JV Property commenced on October 28, 2024. The company approved a $4.4 million direct capital budget for 212 metres of development work. Rio Tinto announced the Oyu Tolgoi Lift 1 underground mine remains on track to reach 500,000 tonnes of copper per year for 2028-2036. The company reported an operating loss of $0.7 million for Q3 2024, with a cash balance of $3.4 million as of September 30, 2024.
Entrée Resources has announced additional drill results from its 2023 program at the Hugo North Extension (HNE) deposit in Mongolia. Highlights include surface drill hole EGD 174 yielding 448 metres grading 1.62% copper equivalent (CuEq), and underground drill hole UGD 814 showing 138 metres grading 2.37% CuEq. The results come from eight diamond drill holes, with two surface holes drilled on the Entrée/Oyu Tolgoi JV Property and six underground holes collared from existing infrastructure. The drilling program continues to demonstrate significant copper and gold mineralization, with several holes intersecting high-grade zones within the potential Lift 2 block cave footprint.
Entrée Resources announces the commencement of first Oyu Tolgoi Lift 1 Panel 1 underground development work on the Entrée/Oyu Tolgoi joint venture property. The 2024 Development Work includes 212 metres of lateral development with a US$4.4 million direct capital budget. The work is part of initial Panel 1 western ore handling truck chute design. Key issues remain unresolved, including the transfer of the Shivee Tolgoi license to OTLLC. The company is engaged in discussions with Rio Tinto and OTLLC regarding contractual certainty and license ownership. An arbitration process initiated in 2022 is pending decision following hearings in April and July 2024.
Entrée Resources (TSX:ETG; OTCQB:ERLFF) has released its Q2 2024 financial results. Key highlights include:
1. Oyu Tolgoi underground development progressing well, with 114 Lift 1 draw bells opened.
2. Ventilation Shafts 3 and 4 completed, commissioning expected in H2 2024.
3. First Lift 1 Panel 1 development on Shivee Tolgoi mining licence to start in Q4 2024.
4. Drilling programs underway to support Lift 2 Pre-Feasibility Study.
5. Q2 2024 operating loss of $0.9 million, cash balance of $4.0 million as of June 30, 2024.
6. Ongoing arbitration proceedings with Rio Tinto and OTLLC regarding mining licence transfer.
Entrée Resources has announced additional drill results from the Hugo North Extension (HNE) deposit on the Entrée/Oyu Tolgoi JV Property in Mongolia. Highlights include:
- Surface drill hole EGD 161: 398m grading 2.07% copper equivalent (CuEq), including 214m at 2.79% CuEq
- Underground drill hole UGD 735: 574.3m grading 1.89% CuEq, including 234m at 3.73% CuEq
Underground development on the Oyu Tolgoi mining license continues to advance, with Shafts 3 and 4 reaching final depths. Initial underground development work on the JV Property remains on schedule to start in Q4 2024. The company also reported anomalous results from regional exploration drilling at the Railway and Ulaan Khud targets.
Entrée Resources has announced the results of its 2024 annual general meeting of shareholders. During the meeting, all proposed matters were approved by a majority of votes. Shareholders agreed to set the number of directors at six. Teresa Conway, Alan Edwards, Allan Moss, Michael Price, Paula Rogers, and Stephen Scott were elected as directors, with each receiving over 96% of votes in favor. Davidson & Company LLP was re-appointed as the auditors for the upcoming year. Additionally, shareholders approved the renewal of the company's Deferred Share Unit Plan. Detailed voting results are available on SEDAR+ and OTC Markets.
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