Gold Reserve Ltd. reports developments as a Bermuda public mineral exploration and development company with listings on the TSX Venture Exchange, Bermuda Stock Exchange and OTCQX under GDRZF. Its recurring updates center on Venezuelan mining interests, including efforts connected to the Siembra Minera project, an Alaskan property, and changes in mining-law and sanctions frameworks affecting potential gold and strategic-minerals activity.
Company news also covers capital-structure actions such as private placements, contingent value rights and bonus-plan settlements, proposed shareholder matters, and legal proceedings tied to Venezuelan assets. These updates frame Gold Reserve’s mineral-asset strategy, regulatory environment, and public-company financing activity.
Gold Reserve (GDRZF) filed a response supporting a conditional six-month pause in the appeal concerning the proposed judicial sale of PDVH shares. Its support requires concurrent backing from the United States. Venezuela requested the pause to pursue repayment of Delaware creditors, with status reports every six months. Gold Reserve believes a Venezuela-led purchase supported by the U.S. Administration could promptly resolve creditors’ claims.
Gold Reserve (GDRZF) plans a normal course issuer bid starting September 4, 2026 to repurchase up to 7,393,451 common shares.
The amount equals 5% of currently issued and outstanding shares. The bid will end when this limit is reached, on Company termination, or on September 4, 2027, whichever occurs first. Purchases, capped at 2% of outstanding shares in any 30-day period, will be made through the TSX Venture Exchange and other authorized Canadian systems.
TD Securities is engaged as broker under an automatic purchase plan, using the Company’s existing working capital. All repurchased shares will be cancelled, and insiders currently have no intention to sell into the bid.
Summary not available.
Gold Reserve (OTCQX:GDRZF) announced the release of its former Venezuelan attorney and legal representative, José Ignacio Moreno Suárez, from Rodeo I prison in Venezuela after more than three years of detention awaiting a criminal trial that never began. The company highlights the sustained support of José’s family, its team, advisors, Venezuelan officials and international political efforts contributing to recent political-prisoner releases. Gold Reserve reiterates it had long maintained it would not resume operations in Venezuela until José was freed and now plans to prepare the return of personnel and participate in Venezuela’s recovery and investment-driven revitalization.
Gold Reserve (OTCQX: GDRZF) announced key upcoming dates in its litigation and arbitration matters. The Delaware Court of Chancery is expected to rule on Rusoro Mining’s motion to dismiss on August 17, 2026. The ICSID tribunal in Gold Reserve’s arbitration against Venezuela has been constituted, with a first procedural hearing expected before September 12, 2026. The U.S. Court of Appeals for the Third Circuit is scheduled to hear oral argument on the appeal related to the proposed judicial sale of PDVH shares to Elliott/Amber Energy on October 21, 2026.
Gold Reserve (OTCQX:GDRZF) announced plans to make further settlement offers in 2026 to holders of its outstanding contingent value rights and 2012 bonus plan entitlements, largely on the same terms as offers made earlier in 2026. It also intends to offer holders of options expiring in February 2027 cash payments to surrender their options at a discount to market price, with detailed terms expected in Q4 2026.
The board approved amendments to the equity incentive plan to keep the share reserve at about 15% of outstanding common shares, allow additional equity-based awards, and permit cashless or net exercises for all options, subject to shareholder and exchange approvals. The board also granted 100,000 stock options to the Chief Development Officer, exercisable for five years at US$4.56 per share.
Gold Reserve (OTCQX:GDRZF) signed a binding earn-in term sheet with Augusta Capital, granting Augusta the right to earn 50% of Gold Reserve’s interest in the Siembra Minera project in Venezuela by funding US$200 million of project expenditures.
A new Venezuelan mining law enacted in April 2026 removes mandatory state-majority ownership, allowing Gold Reserve to pursue up to 100% project interest. Augusta must initially fund US$25 million within one year, which Gold Reserve will match. Augusta will operate the project, with a joint venture to be formed after the earn-in.
Gold Reserve (OTCQX:GDRZF) announced board approval of two potential spin-outs: American Heralds Mining, to hold its Venezuelan mining interests and Alaskan property, and Dalinar Energy, to hold economic rights in its 2014 arbitration award and related judgments. Both transactions aim to reposition Gold Reserve as an investment holding company and remain subject to shareholder, regulatory and other approvals, with proxy materials expected before year-end.
Gold Reserve (OTCQX: GDRZF) announced the formation of American Heralds Mining Corporation, a U.S.-domiciled mining platform to hold Gold Reserve’s Venezuelan and Alaskan mining interests and support U.S. critical-mineral supply priorities.
The Company is evaluating a spin-out with shares of American Heralds to be distributed to Gold Reserve shareholders, intends a U.S. IPO and U.S. exchange listing for American Heralds, and is targeting proxy mailing in Q3 2026. The Company also plans a corporate name change to Hamilton American Holdings pending approvals.
Gold Reserve (OTCQX: GDRZF) welcomed Venezuela’s newly enacted Organic Mining Law published April 16, 2026, which modernizes mining rules and opens the sector to national and foreign investors.
Key provisions include repeal of the 2015 Gold Law removing mandatory state-majority participation, mining concessions initial terms up to 30 years (extendable to 50 years), arbitration for disputes, contractually set royalties within statutory ceilings, and authorization to sell minerals domestically and internationally. The company notes U.S. OFAC General License 55 (GL-55) permits negotiating new investment contracts in Venezuela’s minerals sector, subject to conditions.