Roxmore Resources Inc. reports developments tied to its 100% owned Converse Gold Project on the Battle Mountain-Eureka Trend in Nevada. Company news centers on gold-project advancement, including preliminary economic assessment work, mineral resource updates, infill and extensional drilling, land-position changes, assay procedures and project-design considerations.
Roxmore updates also cover public-company matters such as shareholder meeting materials, audited financial statement review, director elections, auditor appointments, material agreements and capital-structure actions, including private placement financing used for project advancement and general corporate purposes.
Roxmore Resources (OTCQX:GARLF) released a Preliminary Economic Assessment for the Converse Gold Project in Nevada showing strong economics and a clear development pathway. The PEA models a 14-year open-pit heap leach with 3.5 million payable ounces LOM and average production of 246,000 oz/year.
At a US$3,600/oz gold price the after-tax NPV5% is US$2.7B with an IRR 43%; at US$4,700/oz spot price NPV5% rises to US$4.5B and IRR to 60%. Pre-production capital is estimated at US$829M.
Roxmore (OTCQX: GARLF) expanded its Converse Gold Project land position by 70%, increasing acreage from 7,784 to 13,257 acres over six months via BLM claim staking and private land purchases. The additions cost approximately US$700,000 and aim to improve infrastructure layout ahead of a planned PEA.
The larger footprint is intended to support future resource growth, give flexibility for surface infrastructure optimization, and de-risk preliminary project design ahead of the Q2 2026 PEA.
Roxmore Resources (OTCQX:GARLF) has launched a 30,000‑meter infill and extensional drilling campaign at the Converse Gold Project on Nevada's Battle Mountain–Eureka Trend. Phase 1 (15,000 meters) is underway with an RC rig added to complement core drilling.
Recent core twinning and offsets target shallow oxide extensions and higher‑grade structures; a notable intercept included 25.0m @ 0.96 g/t Au (including 10.8m @ 1.70 g/t Au). A silver re‑assay program and permitting work for a Mine Plan of Operations have been initiated. Key near‑term catalysts: additional drill results and the Converse PEA in Q2 2026, and silver re‑assay results in Q3 2026.
Couloir Capital updated research coverage on Roxmore Resources (OTCQX: GARLF) on March 9, 2026, highlighting the Converse Gold Project (~5.9 Moz Au total resource) and recent corporate changes.
The report cites the Taura Gold acquisition (closed Nov 20, 2025), an oversubscribed $32.64M financing expected to close Feb 27, 2026, and a new management team as de-risking steps aimed at valuation uplift versus peers.
Roxmore (OTCQX:GARLF) closed a non-brokered private placement for gross proceeds of C$32,640,000 by issuing 13,600,000 common shares at C$2.40 per share.
Proceeds will primarily fund an accelerated 18-month work program at the Converse Gold Project, including ~30,000 metres of drilling, re-assays to include silver, baseline studies, hydrogeology, geotechnical work and metallurgical testing. Advisory fees totaled C$974,000 and finder fees C$360,000. Shares are subject to a statutory hold period until July 3, 2026.
Roxmore (TSX:RM / OTCQX:GARLF) increased its non-brokered private placement to raise C$32,640,000 by issuing 13,600,000 common shares at C$2.40 per share. Proceeds will primarily fund acceleration of the Converse Gold Project and general corporate purposes.
The Upsized Offering is expected to close on or about February 27, 2026, subject to customary conditions and TSX conditional acceptance; securities carry a statutory four-month-and-one-day hold period.
Roxmore (OTCQX:GARLF) announced a C$30,000,000 non-brokered private placement of 12,500,000 common shares at C$2.40 per share to advance the Converse Gold Project.
Proceeds will accelerate a Pre‑feasibility Study including ~30,000m of drilling, re‑assays for silver, baseline studies, hydrogeology/geotech work, and further metallurgical testwork. Closing expected on or about February 27, 2026, subject to TSX conditional acceptance.
Roxmore Resources (OTCQX: GARLF) will voluntarily delist from the Canadian Securities Exchange at market close on February 4, 2026 and commence trading on the Toronto Stock Exchange (TSX) at market open on February 5, 2026 under ticker RM. Shareholders need not take action and shares will remain listed on OTCQX as GARLF. Management said the uplisting aims to improve visibility with institutional and retail investors while the Preliminary Economic Assessment (PEA) for the Converse Gold Project remains on track for completion in Q2 2026.
Roxmore Resources (OTCQX:GARLF) reported drill results from the Converse Gold Project, Nevada, including a 194.5m interval grading 0.71 g/t Au from 190.2m in hole CV25-007C, which contains 12.5m at 1.14 g/t Au from 208.5m and 24.1m at 1.77 g/t Au from 281m. CV25-007C twinned historic RC hole NK-087 and extended mineralization 89.6m below the historic end-of-hole. True thickness is estimated at ~150m. The highest assay returned 5.39 g/t Au. Results will feed an updated geological model and the Preliminary Economic Assessment due in Q2 2026, with more drill results expected in Q1 2026.
Roxmore Resources (OTCQX:GARLF) announced that its common shares began trading on the OTCQX Best Market in the United States on December 19, 2025.
U.S. investors can access current financial disclosure and real-time Level 2 quotes on www.otcmarkets.com. Roxmore will continue trading on the CSE and upgraded to OTCQX after meeting the market's standards for financial reporting, corporate governance, and securities-law compliance.