Welcome to our dedicated page for Gold Bull Resources news (Ticker: GBRCF), a resource for investors and traders seeking the latest updates and insights on Gold Bull Resources stock.
Gold Bull Resources Corp. (GBRCF) delivers focused gold exploration updates from Nevada's mineral-rich districts through this centralized news hub. Investors and industry observers will find timely access to official announcements, including project developments, resource estimates, and strategic partnerships.
This resource consolidates all material disclosures about GBRCF's exploration activities, including technical evaluations from its Sandman Project and Big Balds prospects. Users can track operational milestones, permitting updates, and corporate developments essential for informed analysis of the company's progress.
The page features verified press releases covering resource acquisitions, drilling results, and management commentary. Content is organized to emphasize geological insights and operational strategies while maintaining compliance with financial disclosure standards.
Bookmark this page for direct access to Gold Bull's latest Nevada exploration updates and corporate announcements. Regular visitors benefit from unfiltered information about the company's progress in developing its gold resources through methodical technical assessments.
Borealis Mining Company has successfully completed the acquisition of Gold Bull Resources and its advanced Sandman Gold project in Nevada. The transaction, approved by Gold Bull shareholders on February 28, 2025, involved exchanging each Gold Bull share for 0.93 Borealis shares, resulting in 14,048,403 new Borealis shares being issued.
The deal provides significant synergies as Borealis' ADR facility can process loaded carbon from the Sandman project, substantially reducing capital expenditure and permitting risks. The acquisition includes the Sandman Gold project, which features a promising 2023 Preliminary Economic Assessment with high IRR and NPV potential, and the early-stage Big Balds project near the Bald Mountain gold mine.
Post-transaction, existing Borealis shareholders own approximately 86% of the company, while former Gold Bull shareholders hold 14%. Gold Bull shares are expected to be delisted from TSXV around March 14, 2025.
Borealis Mining Company has entered into a definitive agreement to acquire Gold Bull Resources through a share exchange ratio of 0.93 Borealis shares for each Gold Bull share, valuing Gold Bull at approximately $0.60 per share. The transaction represents a significant premium of 86.3% to Gold Bull's 30-day VWAP.
The acquisition adds Gold Bull's Sandman Project in Nevada, which contains 433,000 Indicated and 60,800 Inferred gold ounces. The 2023 PEA for Sandman shows promising economics with a post-tax IRR of 81%, NPV of US$121 million, and average annual gold production of 37.9k oz at US$1,800/oz gold price. The project requires low initial capital of US$31.5 million.
Upon completion, existing Borealis and Gold Bull shareholders will own approximately 86% and 14% of the combined entity, respectively. The transaction is expected to close in late January or early February 2025, subject to shareholder and regulatory approvals.
Gold Bull Resources Corp. (OTC:GBRCF), a US-focused gold exploration company, is set to present at the Planet MicroCap Showcase: VEGAS 2023 on April 26, 2023, at 11 AM PST. The presentation will be hosted by CEO Cherie Leeden. The company’s Sandman Project in Nevada contains 21.8Mt at 0.7g/t gold, totaling 494,000 ounces. The initial Phase 1 Preliminary Economic Assessment (PEA) identified a low-cost heap leach gold opportunity, projecting an IRR of 99% and a pre-tax NPV of $77.2M. Gold Bull is also exploring Phase 2 PEA to extract resources below the water table and expand its reserves.
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