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GMV Minerals Inc. (GMVMF) reports developments tied to exploration and development of precious-metal assets in Arizona. The company, traded on the TSX Venture Exchange and OTCQB, holds a 100% interest through a subsidiary in the Mexican Hat Property, a gold project in Cochise County, Arizona.
Recurring updates cover drilling at the Mexican Hat Gold Deposit, NI 43-101 resource and technical work, land access arrangements, environmental data collection, and financing activity for field programs. Company news also addresses private placements, unit-and-warrant terms, digital marketing engagements, and other capital or operational matters connected to advancing the project.
GMV Minerals (OTCQB:GMVMF) reports drilling is advancing at its 100%-owned Mexican Hat gold project in Arizona, now on the 10th diamond drill hole totaling 1,996 m. All holes have intersected mineralization, with 20–25 holes planned. A 2025 PEA outlines a 10-year, 597,841-ounce operation, with a base-case pre-tax NPV of US$390.2 million, 66.1% IRR, and US$89.997 million capex at US$2,500/oz gold, while emphasizing the preliminary nature of inferred resources.
GMV Minerals (TSXV:GMV / OTCQB:GMVMF) has begun core drilling at the Mexican Hat gold deposit in southeast Arizona, mobilizing to test a 1,000 m strike and 400 m true width from elevation 1,565 m down to 1,185 m.
The program aims to test ~90% of the mineralization to confirm grade distribution, collect geotechnical data for open-pit modelling, and potentially upgrade the Inferred NI 43-101 resource of 36,733,000 tonnes at 0.58 g/t Au (688,000 ounces, effective August 8, 2025).
GMV Minerals (OTCQB: GMVMF) has mobilized drills to its 100% owned Mexican Hat gold project in Cochise County, Arizona, with a fully funded 2026 program.
KP Exploration will drill ~30 holes (~7,000 m) over ~two months, primarily infill to confirm and upgrade an Inferred NI 43-101 resource of 36,733,000 tonnes at 0.58 g/t Au (688,000 oz) effective August 8, 2025.
GMV Minerals (TSXV:GMV / OTCQB:GMVMF) signed a drill contract with KP Exploration to execute ~30 diamond-core holes (~7,000 m) at the Mexican Hat project, with mobilization expected in late March/early April 2026 and a program duration of ~two months.
The drill testing aims to confirm grade variability, validate and potentially upgrade Mineral Resource categories across a 1,200 m deposit to 100 m below modeled open pit depth. The company is fully funded for the 2026 field season and previously filed a 2025 PEA with a base-case pre-tax NPV(5%) of US$390.2M and IRR 66.1% at US$2,500/oz gold.
GMV Minerals (OTCQB:GMVMF) announced an amended multi‑year land licensing agreement with the Kay B. Graham Revocable Trust granting surface access for exploration drilling, a weather station, and long‑term water monitoring on Graham family ranch lands.
The company also summarized its September 8, 2025 PEA for the Mexican Hat Project: a Base Case pre‑tax IRR of 66.1% (after‑tax 50.2%), pre‑tax NPV(5%) of US$390.2M (after‑tax US$268.3M) at US$2,500/oz, and a 1.53‑year payback. At ~US$4,000/oz gold the PEA shows a pre‑tax NPV(5%) of US$1.055B and pre‑tax IRR of 134.2%. The PEA models a 10‑year mine life with total production of 597,841 oz and initial CAPEX of US$89.997M. The resource estimate (Inferred) is 688,000 oz gold (36,733,000 tonnes @ 0.58 g/t, 0.2 g/t cutoff).
GMV Minerals (OTCQB:GMVMF) retained Machai Capital on a 5-month engagement dated January 15, 2026 to lead digital marketing, multi-platform campaigns and investor communications. GMV paid C$300,000 plus GST from working capital and granted options for 300,000 shares at $0.25 (exercisable to Jan 18, 2028), subject to TSXV approval. The company also granted 2,475,000 incentive options to insiders and consultants at $0.25 (exercisable to Jan 18, 2031), subject to approval. The release reiterates the Mexican Hat PEA (effective Aug 8, 2025): Base Case pre-tax IRR 66.1% (after-tax 50.2%), pre-tax NPV5% US$390.2M (after-tax US$268.3M), 10-year mine life and inferred resource of 688,000 oz Au. The PEA is preliminary and includes inferred resources that are speculative.
GMV Minerals (OTCQB:GMVMF / TSX-V:GMV) closed a non-brokered private placement on Dec 19, 2025, issuing 22,652,500 units at C$0.20 for gross proceeds of C$4,530,500. Each Unit includes one common share and one-half warrant; full warrants exercisable at C$0.35 for 30 months. No insiders participated. The company paid C$214,235 cash and issued 1,071,175 finder's warrants as fees. Net proceeds will fund exploration and development of the Mexican Hat gold project and working capital. The company's NI 43-101 inferred resource is 688,000 oz Au (36,733,000 t at 0.58 g/t, 0.2 g/t cutoff); PEA effective Aug 8, 2025 was updated.
GMV Minerals (TSXV:GMV / OTCQB:GMVMF) announced an increase of its non-brokered LIFE Exemption private placement from C$4.0M to up to C$4.55M via the sale of up to 22,750,000 Units at C$0.20 per Unit.
Each Unit includes one common share and one-half warrant (whole warrant exercisable at C$0.35 for 30 months). Finder compensation: 7% cash and finder warrants equal to 7% of Units placed exercisable at C$0.20 for 30 months. Net proceeds are earmarked for the Mexican Hat gold project (SE Arizona) and working capital. First tranche expected Dec 19, 2025; final closing no later than Jan 19, 2026, subject to TSXV acceptance.
GMV Minerals (TSXV:GMV / OTCQB:GMVMF) announced a non-brokered private placement of up to 20,000,000 Units at C$0.20 per Unit for aggregate gross proceeds of up to C$4,000,000 under the LIFE exemption.
Each Unit comprises one common share and one-half warrant (whole warrant exercisable at C$0.35 for 30 months). Finder fees equal 7% cash plus 7% finder warrants exercisable at C$0.20 for 30 months. Expected first tranche close: Dec 19, 2025; final close by Dec 30, 2025.
Net proceeds will fund exploration and development of the Mexican Hat gold project in Arizona; the company cites an NI 43-101 Inferred resource of 688,000 oz Au (effective July 17, 2024) and a PEA effective Aug 8, 2025.
GMV Minerals (OTCQB:GMVMF) received Bureau of Land Management drill permits for its 100% owned Mexican Hat gold project in SE Arizona, subject to posting required reclamation bonding.
GMV has contracted Harris Exploration Drilling for ~35 diamond holes totaling ~7,300 m, targeting start in early spring 2026 to test grade variability and validate resource categories across a 1,200 m deposit to ~100 m below modeled open pit.
The company references a Sept 8, 2025 PEA with a base-case pre-tax NPV5% of US$390.2M (after-tax US$268.3M), pre-tax IRR 66.1% (after-tax 50.2%), 10-year mine life and inferred resource of 688,000 oz gold.