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. (OTCQB: ERLFF) generates news primarily through developments at the Entrée/Oyu Tolgoi joint venture property in Mongolia and its interactions with partners and government stakeholders. As a Canadian mining company with a carried participating interest in the Oyu Tolgoi copper-gold project, Entrée’s updates often focus on underground mine development, drilling results, and regulatory processes affecting the Shivee Tolgoi and Javkhlant mining licences.
News items commonly cover progress and changes in Lift 1 Panel 1 underground development at the Hugo North Extension deposit, including pauses or advances in lateral development work linked to the timing of licence transfers to Oyu Tolgoi LLC (OTLLC). Entrée also regularly reports detailed analytical results from in-fill and regional diamond drilling programs on the joint venture property, highlighting copper-gold and copper-gold-molybdenum mineralization intervals that support resource models and technical studies.
Another key theme in Entrée’s news flow is the legal and regulatory framework in Mongolia. Company releases describe arbitration outcomes, the implementation of a partial final award in its favor, and subsequent steps such as executing the Entrée/Oyu Tolgoi Joint Venture Agreement and License Transfer Agreements. Updates also address interactions with the Mongolian tax authority, the Administrative Court of Mongolia, and bodies such as the Parliamentary Temporary Oversight Committee and Government Working Group reviewing the Oyu Tolgoi strategic group of deposits and the State’s interest in the joint venture area.
Corporate governance and financing developments, including annual general meeting results, board changes, and private placements, are also reported. Investors following ERLFF news can use this page to review how operational, legal, and policy developments may affect Entrée’s joint venture position and its exposure to the Oyu Tolgoi copper-gold project over time.
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Entrée Resources Ltd. (OTCQB: ERLFF) has filed its annual operational and financial results for 2022, reporting an operating loss of $3.6 million compared to $3.0 million in 2021. The company's cash balance stood at $6.4 million. Key highlights include the commencement of underground production at the Oyu Tolgoi project in Mongolia, expected to become the fourth largest copper mine by 2030. However, ongoing arbitration proceedings related to the Entrée/Oyu Tolgoi joint venture and the company’s exclusion from key investment agreements may pose challenges. The completion of critical shafts is delayed, now expected in the first half of 2024.
Entrée Resources Ltd. (OTCQB: ERLFF) released its interim financial results for Q3 2022, highlighting ongoing developments at the Oyu Tolgoi project in Mongolia. The Company reported an operating loss of $0.5 million for Q3 2022, with a cash balance of $7.1 million as of September 30, 2022. Notable updates include progress on underground construction, with sustainable production from Panel 0 expected in Q1 2023, despite a roughly 15-month delay in commissioning Shafts 3 and 4. Ongoing discussions with government stakeholders aim to resolve issues related to Entrée's exclusion from the Oyu Tolgoi Investment Agreement.