Entrée Resources Ltd. reports developments tied to its Mongolia-focused mineral interests and the Entrée/Oyu Tolgoi joint venture. Recurring updates cover the Shivee Tolgoi and Javkhlant mining licenses, license-transfer matters involving Entrée LLC and Oyu Tolgoi LLC, drill and regional exploration results, and disclosures related to the Oyu Tolgoi project area.
Company news also includes annual and interim financial results, cash and working-capital updates, private placement activity, annual meeting voting results, auditor appointments, and board composition changes.
Entrée Resources (ERLFF) has submitted license valuations for tax review as it advances mining-license transfers to joint venture partner Oyu Tolgoi.
Entrée LLC calculated the values of the Shivee Tolgoi and Javkhlant licenses, paid the applicable transfer tax and submitted supporting materials to the Mongolian tax authority. The authority has not confirmed the calculations, and tax payment certificates remain unavailable. Discussions with the Government Working Group and project stakeholders about State participation in the license area are ongoing. The licenses must be transferred to Oyu Tolgoi for Lift 1 underground development and extraction on the Shivee Tolgoi license to proceed.
Entrée Resources (ERLFF) updated shareholders on Oyu Tolgoi license transfers and plans for a new technical report.
The joint venture partners paid the license transfer tax in June but still need a tax payment certificate before the transfer can be registered. Entrée targets Q1 2027 for a report covering Hugo North Extension Lifts 1 and 2. Oyu Tolgoi LLC expects an updated Lift 1 mine plan and production schedule in Q4 2026. After the license transfers, Entrée intends to pursue a simpler joint venture structure of equivalent economic value, subject to exchange acceptance and Canadian regulatory requirements. Sarah Strunk joined the board in August, and Richard Williams was elected in June.
Entrée Resources (ERLFF) announces the sudden passing of former President, CEO and director Stephen Scott on September 8, 2026.
Scott led Entrée for over a decade until his retirement in July 2026, during which he guided the company through restructuring and steps to reduce risk around its principal mining interest in Mongolia. His mining career spanned more than 30 years, including senior roles at Rio Tinto Exploration Australasia, Rio Tinto Indonesia, Rio Tinto Canada, and Turquoise Hill Resources, before he founded a capital markets and advisory consultancy in Vancouver in 2014 and joined Entrée in 2015.
Entrée Resources is a Canadian mining company with a carried joint venture interest in part of the Oyu Tolgoi copper‑gold project in Mongolia. It holds a 20% or 30% carried participating interest in the Entrée/Oyu Tolgoi joint venture, depending on mineralization depth. Royal Gold and Rio Tinto beneficially hold approximately 24% and 16% of Entrée’s shares, respectively.
Entrée Resources (OTCQB:ERLFF, TSX:ETG) reported Q2 2026 interim results and outlined progress on its Oyu Tolgoi joint venture licences in Mongolia. The company’s main objective remains transfer of the Shivee Tolgoi and Javkhlant licences to Oyu Tolgoi LLC to enable Lift 1 Panel 1 underground development. In Q2 2026, the JV updated licence valuation calculations and paid related Mongolian corporate income tax, but the tax authority declined to issue a tax payment certificate, prompting a formal complaint by Entrée LLC. Rio Tinto later disclosed that the Government of Mongolia agreed to commence work on the JV licence transfer for Panel 1. The JV approved ~9,136 metres of 2026 in-fill underground drilling and an additional ~5,039 metres of surface drilling at Hugo North Extension, and OTLLC completed an updated resource model, with a new Lift 1 mine plan expected in H2 2026. Entrée reported Q2 and H1 2026 operating losses of $0.6 million and $1.3 million, operating cash outflows of $0.5 million and $1.1 million, cash of $3.1 million and working capital of $3.0 million. Board and management changes included a new director, a CEO transition to Chris Adams, and appointment of independent director Sarah Strunk.
Entrée Resources (OTCQB:ERLFF, TSX:ETG) announced the appointment of Sarah Strunk as an independent director, effective August 4, 2026, filling the Board vacancy created by the retirement of Stephen Scott. Non-Executive Chair Alan Edwards highlighted her mining-industry reputation and leadership experience.
Strunk has over 40 years of business and finance law experience focused on M&A, corporate governance, international contracts, and exploration projects, and is a director of Teck Resources. Entrée also reiterates its 20%–30% carried participating interest in the Entrée/Oyu Tolgoi joint venture copper-gold project in Mongolia and notes Royal Gold and Rio Tinto as major shareholders.
Entrée Resources (OTCQB:ERLFF) announced a planned leadership transition in which Chris Adams will replace Stephen Scott as President and Chief Executive Officer, effective July 17, 2026, which will also be Scott’s last day of employment with the company.
According to Entrée Resources, Scott will retire as both CEO and director after more than 10 years of service but will continue to support the transition under an Advisory Services Agreement. Adams has served as a non-executive director since January 2026 and brings over 35 years of mining finance and investment banking experience, including senior roles at Macquarie Group and CIBC. He holds a B.Com. from McGill University, an MBA from MIT, and the CFA designation. The board highlighted his familiarity with Entrée’s business and its Mongolian joint venture asset.
Entrée Resources (OTCQB:ERLFF, TSX:ETG) reported 2026 AGM voting results and the election of new director Richard Williams.
Shareholders set the Board at seven directors, elected all nominees with about 98% support, re-appointed Davidson & Company as auditor, and renewed the Stock Option Plan to June 18, 2029.
Entrée Resources (OTCQB:ERLFF) reported Q1 2026 operating loss of $0.7 million (vs. $0.6 million in Q1 2025) and operating cash outflow of $0.6 million, with $3.5 million cash and $3.4 million working capital.
The company advanced transfer of its Mongolian licences to OTLLC, submitted a non-binding proposal on State participation, and outlined tax steps following a favorable 2024 arbitration award. A 2026 in-fill and exploration drilling program at Hugo North Extension and regional targets was approved. CEO Stephen Scott plans to retire in H2 2026, with a succession process underway. Entrée cautions that continued delays in licence transfer and State ownership resolution could significantly impact Oyu Tolgoi Lift 1 Panel 1 development timing, costs, future cash flow, and its share price.
Entrée Resources (OTCQB:ERLFF) reported a March 25, 2026 non-binding proposal to Mongolia to transfer the Shivee Tolgoi and Javkhlant JV licenses to OT LLC and to replace a 34% state equity stake with a negotiated royalty. The company also released drill results including UGD951: 124m @ 3.41% CuEq and UGD952A: 42.4m @ 1.32% CuEq, plus regional holes EGD198 and EGD199 with extensive copper and Mo intervals. Many assays remain pending; Entrée says it will continue discussions with Mongolian authorities, Rio Tinto and OT LLC.
Entrée Resources (OTCQB: ERLFF) filed 2025 annual results on March 5, 2026, reporting a 2025 operating loss of $4.2M versus $4.8M in 2024 and a year-end cash balance of $4.3M with working capital of $4.2M. The company highlighted a 2025 Entrée/Oyu Tolgoi JV in-fill drilling program and an arbitration Award ruling in Entrée's favour requiring licence transfer steps.
Key near-term risks include delays from Mongolian tax authority processes, active government oversight of the Oyu Tolgoi Strategic Deposit, a March 2026 court hearing on tax valuation, and potential State interest adjustments that could affect licence transfer timing and project development.