Gold Reserve Stock Price, News & Analysis

Gold Reserve (OTCQX:GDRZF) filed a notice of appeal on December 2, 2025 to the U.S. Court of Appeals for the Third Circuit from the U.S. District Court for the District of Delaware's November 29, 2025 final sale order authorizing sale of the PDVH shares to Elliott/Amber Energy.

The appeal expressly challenges the district court's November 25, 2025 opinion and order approving the Elliott bid instead of Gold Reserve's bid, which the company says was $2 billion higher. The Venezuela Parties also filed appeals and a motion to stay the final sale order pending appeal.

Gold Reserve (OTCQX:GDRZF) announced the U.S. District Court for the District of Delaware issued a final sale order authorizing sale of the PDVH shares to Elliott/Amber Energy on December 1, 2025. The court also stayed closing until, at the earliest, seven days after the Special Master files notice that Elliott/Amber has obtained OFAC and other regulatory approvals and the sale is ready to close. The release cautions that proceeds, timing, and enforceability of Gold Reserve's writ and claims remain uncertain.

Gold Reserve (OTCQX: GDRZF) announced that its affiliate obtained a Final Award of $28,982,568.70 in international arbitration against Banco De Desarrollo Economico Y Social De Venezuela (BANDES), inclusive of pre-award interest.

The tribunal also awarded costs of €434,000 and post-award interest at 12-month SOFR + 2% from the Final Award date until full payment. Gold Reserve expects to pursue recognition and enforcement of the Final Award in Portuguese courts and warned that enforcement may be affected by court rulings, OFAC or other regulatory actions.

Gold Reserve (OTCQX: GDRZF) announced that the Canada Revenue Agency completed its audit of the company's international transactions and did not propose any net adjustments to the Company’s Canadian tax filings for the years under review.

The CRA had earlier proposed reassessments for the 2014, 2016, 2017 and 2018 taxation years related to the September 2014 arbitral award and certain settlement payments; the completion of the audit concludes CRA examinations and those filings are no longer subject to proposed reassessments.

Gold Reserve (OTCQX: GDRZF) announced the U.S. Court of Appeals for the Third Circuit denied its Petition for Writ of Mandamus and request for oral argument on November 18, 2025. The order was issued without a written opinion. The company said it is continuing to evaluate all available appellate remedies and other avenues for relief related to the Delaware sale proceedings in Crystallex v. Venezuela (D. Del. No. 1:17-mc-00151-LPS).

The release reiterates forward-looking cautionary language about bids for PDVH shares, regulatory approvals, financing risks, competing creditor claims, and uncertainty over proceeds from the Sale Process.

Gold Reserve (OTCQX: GDRZF) announced that its Board appointed Michael Johnston as Chair of the Board, effective immediately, following a Board meeting on November 13, 2025. Johnston succeeds Robert Cohen, who is stepping down from his role as Chair and director after many years of service. The company said Johnston will work with the Board and executive management to advance Gold Reserve’s strategic objectives and thanked Cohen for his leadership.

The release also includes a standard cautionary statement on forward-looking information and directs investors to the company’s MD&A on SEDAR+ for risk factors.