Entree Resources Stock Price, News & Analysis

Entrée Resources (OTCQB:ERLFF) filed interim financials for Q3 2025 for the period ended September 30, 2025. Key operational items include ongoing efforts to transfer the Shivee Tolgoi and Javkhlant mining licences to OTLLC and a claim filed with the Administrative Court of Mongolia on August 1, 2025 seeking MTA confirmation of licence value calculations for tax purposes. Rio Tinto reported record quarterly copper production at Oyu Tolgoi on October 14, 2025, and project ramp-up remains on track to ~500,000 tonnes of recoverable copper per year from 2028–2036. Cash was $4.9 million at September 30, 2025.

Entrée Resources (OTCQB:ERLFF) reported Q2 2025 results highlighting significant developments in its joint venture with Oyu Tolgoi LLC. The company faces key challenges regarding the transfer of Shivee Tolgoi and Javkhlant mining licenses to OTLLC, with ongoing negotiations with Mongolian tax authorities.

Underground development at Hugo North Extension was paused in June 2025 pending license transfers. The 2024-2025 drilling programs included 5,340.70 metres in surface holes and 6,566.88 metres in underground holes. As of June 30, 2025, the company maintained a cash balance of $5.7 million and working capital of $5.6 million.

Critical negotiations continue with the Mongolian government regarding 34% state ownership in the strategic Oyu Tolgoi deposit area, while the project aims to become the world's fourth-largest copper mine by decade's end.

Entrée Resources (OTCQB:ERLFF) provided a comprehensive update on critical corporate matters, primarily focusing on the transfer of the Shivee Tolgoi and Javkhlant mining licenses to Oyu Tolgoi LLC (OTLLC). The company reported that Lift 1 Panel 1 underground development work has been paused since June 6, 2025, pending the license transfer completion.

Key developments include: 10% corporate income tax assessment requirement on license transfers, ongoing negotiations regarding State participation of up to 34% in the strategic deposit, and Royal Gold's announced acquisition of both Sandstorm Gold and Horizon Copper. Horizon Copper currently owns 24.25% of Entrée's shares (50,297,717 common shares).

The company is actively engaging with Mongolian authorities to resolve these matters and facilitate the resumption of development work.

Entrée Resources Ltd. (ERLFF) held its 2025 annual general meeting where shareholders approved all proposed matters. The meeting resulted in the approval of six directors: Teresa Conway (96.79% votes for), Alan Edwards (96.71%), Allan Moss (96.80%), Michael Price (96.71%), Paula Rogers (96.80%), and Stephen Scott (96.80%). Each director received strong shareholder support with over 96% approval rates. Additionally, shareholders approved the reappointment of Davidson & Company LLP as the company's auditors for the upcoming year, with remuneration to be determined by the directors.

Entrée Resources (ERLFF) has announced a pause in the Oyu Tolgoi Lift 1 Panel 1 underground development work on the Shivee Tolgoi mining licence in Mongolia. The pause comes after completing approximately 230 equivalent metres of lateral development since October 2024. The delay is due to incomplete transfer of mining licenses from Entrée LLC to Oyu Tolgoi LLC (OTLLC), which requires tax assessment approval from Mongolian authorities. OTLLC will shift focus to Lift 1 Panel 2 South on its fully-owned mining licence to minimize operational impacts. The duration of the pause remains uncertain, and if significantly delayed, could materially affect development costs, schedule, and the company's financial condition. The license transfer process began in February 2025 following an international arbitration award, but awaits tax assessment from Mongolian authorities.

Entrée Resources (ERLFF) has announced significant drill results from its Hugo North Extension (HNE) deposit in Mongolia. The highlight includes surface drill hole UGD189B which intercepted 552 meters grading 3.11% copper equivalent (CuEq), including an impressive 260 meters grading 4.45% CuEq. Underground drilling also yielded notable results, with UGD876 returning 169.3 meters at 3.21% CuEq.

The drilling program, conducted in partnership with Oyu Tolgoi LLC, included one surface diamond drill hole and six underground holes completed during 2022 and 2024. The results demonstrate strong mineralization continuing up to 200 meters below the potential Lift 2 block cave, suggesting potential for future deeper mining operations.

Additionally, Panel 1 underground development has progressed with approximately 152 equivalent meters of lateral development work completed as of April 30, 2025. The company is working towards transferring the Shivee Tolgoi and Javkhlant mining licenses to OTLLC, which is crucial for planned 2025 development work.

Entrée Resources (ERLFF) reported Q1 2025 results highlighting significant developments in its Oyu Tolgoi joint venture. The company won a favorable arbitration ruling against Oyu Tolgoi LLC (OTLLC), leading to the formal execution of the Joint Venture Agreement. Operating loss decreased to $0.6M from $1.1M in Q1 2024, with cash balance at $5.8M. The company completed a private placement raising C$5.7M ($4.0M). Development work at Hugo North Extension commenced with 95 meters of lateral development completed. OTLLC achieved record copper production in March, with the Oyu Tolgoi project on track to become the world's fourth-largest copper mine by 2030, expecting average production of ~500 ktpa between 2028-2036. The company is working to transfer mining licenses to OTLLC and potentially convert the JV agreement to include a mechanism for sharing up to 34% of economic benefits with Mongolia.

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.