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 (OTCQX: GDRZF) welcomed Venezuela’s initial approval in first discussion of a Draft Mining Law that would restore a concession model and permit private national and foreign mining concessions.
Key draft terms include 30-year initial property rights (extendable to 60 years), a flat 4% royalty on gold and other listed minerals, access to international arbitration, and explicit authorization to sell minerals domestically and internationally. The draft still requires a second discussion before enactment; Gold Reserve has submitted confidential comments for consideration.
Gold Reserve (OTCQX: GDRZF) announced settlement of certain 2012 contingent obligations. In February 2026 the company offered Bonus Plan participants and CVR holders cash settlement options that closed March 9, 2026. Pursuant to accepted offers, Gold Reserve will pay an aggregate $4.86 million.
The payments settle approximately 20% of outstanding Bonus Plan contingent obligations and approximately 28% of outstanding CVR contingent obligations, reducing a portion of legacy contingent liabilities and simplifying the company’s capital structure.
Gold Reserve (OTCQX:GDRZF) noted that the U.S. Treasury's OFAC issued General License 51 on March 6, 2026, authorizing certain transactions involving Venezuelan-origin gold under specified conditions.
The license permits export, sale, refining, importation, storage, purchase, delivery, and resale of Venezuelan-origin gold in the U.S., subject to designated-account rules, reporting obligations, and applicable sanctions regulations. Gold Reserve said it is reviewing GL 51 and will monitor related regulatory developments for compliant engagement in the Venezuelan mining sector.
Gold Reserve (OTCQX: GDRZF) announced participation in a U.S. mining delegation meeting with Venezuelan President Rodríguez on March 4, 2026, to discuss conditions for foreign investment and resumption of mining operations.
The company said it received a 30-day OFAC license permitting certain businesses, including Gold Reserve, to negotiate with Venezuela and intends to use this opportunity to pursue a return to operations.
Summary not available.
Gold Reserve (OTCQX:GDRZF) closed a US$75 million private placement by issuing 24,999,999 common shares at US$3.00 per share to primarily strategic investors on February 27, 2026. Net proceeds will fund working capital and efforts to return to Venezuela and upgrade the 2018 Siembra Minera PEA.
The Financing was oversubscribed but management did not pursue over-allotment to limit dilution; a cash commission of approximately US$3.0 million will be paid to Cantor Fitzgerald Canada. Canadian-sold shares are restricted until June 27, 2026. Three insiders subscribed for 5,749,999 shares totaling US$17,249,997.
Gold Reserve (OTCQX: GDRZF) upsized a previously announced private placement to raise up to US$75 million by issuing common shares at US$3.00 per share, with an expected closing on or about February 26, 2026.
The company granted the agent a 25% over-allotment option, potentially increasing gross proceeds to US$93.75 million. The Offering is subject to documentation and regulatory approvals, including TSX Venture Exchange and BSX listings, and will be sold on a best-efforts private placement basis under applicable exemptions.
Gold Reserve (OTCQX: GDRZF) has arranged a private placement to raise approximately US$50.3 million by selling common shares at US$3.00 per share, with strategic investor participation and an Agent over-allotment option that could increase gross proceeds to about US$63 million.
Closing is targeted for on or about February 26, 2026 and remains subject to formal documentation and regulatory approvals, including TSX Venture Exchange and BSX listing consents.
Summary not available.
Gold Reserve (OTCQX: GDRZF) granted 1,525,000 stock options to directors, officers, employees and certain key consultants, exercisable for five years at an exercise price of US$3.64 per share under its 2012 Equity Incentive Plan, as amended. The grants comply with TSX Venture Exchange and Bermuda Stock Exchange requirements. Effective January 8, 2026, Sai Ahmed was appointed Chief Operating Officer and Mackenzie Clark was appointed Chief Legal Officer.