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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 completion of 16 diamond drill holes and ongoing 17th hole at the Mexican Hat gold project in southeast Arizona, totaling 3,250 meters over 540 meters of strike and to 340 meters depth.
About 1,500 samples have been submitted for assay, with target zones encountered as expected. The 2025 PEA outlines a 10-year heap-leach operation, base-case pre-tax IRR of 66.1%, pre-tax NPV5 of US$390.2M at US$2,500/oz gold, and capex of ~US$90M.
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.