Hiru Corp Stock Price, News & Analysis

HIRU Corporation (OTC:HIRU) has completed the first phase of its corporate restructuring, marking a strategic shift towards mining and natural resources. The company has achieved several key milestones, including: removal of legacy operations resulting in a $1.42 million accounting gain, regaining OTCID Current Information status, and relocating its U.S. headquarters to Atlanta, Georgia.

The company has implemented significant changes including a leadership overhaul, increased investment from Middle Eastern investors, and is conducting due diligence on three U.S.-based gold mining operations. HIRU maintains operations across Qatar, the U.S., and Australia, with no new share issuance or debt leverage, as all activities are funded through chairman capital contributions.

Hiru (OTC Pink: HIRU) has announced progress on its strategic growth initiatives, including a major takeover plan for OTC Markets. The company has secured partnerships with offshore investors through a Regulation S offering restricted to non-North American residents. Management projects 2025 revenues of $10-15 million USD with 30% EBITDA margins.

The company addresses criticism regarding share issuances, stating these are part of a calculated strategy for growth. Key upcoming milestones in the next 60-90 days include finalizing the takeover deal, revenue growth, operational expansion, and increased market visibility. The company reports gaining attention from Bloomberg and Fox Business media outlets.

HIRU Corp. has outlined its strategic roadmap, focusing on three key timeframes. Short-term goals (1-6 months) include becoming SEC-compliant for OTC QB listing, acquiring an ASX-listed mining company, and selling water assets valued at $2.5M. Mid-term objectives (6-18 months) involve a share buyback program and SPAC launch. Long-term plans (18-36 months) aim for debt-free status and uplisting to NASDAQ/NYSE, with additional listings planned on Frankfurt, Qatar, and London exchanges. The company is pursuing strategic M&As with industrial companies and plans vertical integration of mining operations.

Hiru (HIRU) released its Q3 2024 financial results, reporting significant growth with revenue increasing from under $1 million in 2023 to over $11 million in 2024, and operating profits rising to $2.76 million from $112,670. The company's outstanding shares reached 3.888 billion, with a 1.2 billion increase attributed to new Chairman and CEO Sheikh Khalid Nasser A.S. Al-Thani. The company is integrating mining assets valued at $130 million, expected to be consolidated by Q4 2024. HIRU is also exploring merger opportunities involving lithium, cobalt, and gold mining assets, with a potential $20 million initial investment deal in the pipeline.

Hiru (OTC Pink: HIRU) has provided key updates on recent developments and strategic investments. The company highlights continued support from CEO and Chairman H.E. Khalid Nasser A.S. Al-Thani, a member of Qatar's wealthy Al-Thani Royal family. Hiru has also attracted interest from major Qatari institutional investors, signaling growing confidence in the company's prospects.

The CFO, Mr. Thorp, stated that upcoming announcements about multiple acquisitions of mining and natural resources assets in Australia will reveal the company's true size. While the Balfour Project in Tasmania remains important, Hiru is adding more large resources projects to its portfolio.

As part of reorganization, Hiru has increased authorized shares to 7 billion, reflecting investments by H.E. Khalid Nasser A.S. Al-Thani and board members. These shares will be sold to non-US accredited institutional investors under SEC Regulation S.

HIRU (OTC Pink: HIRU) has provided an update on the market and marketing feasibility for its Balfour Copper Project in Tasmania, Australia. The project is positioned to capitalize on the ongoing copper super cycle, driven by global trends in renewable energy, electric vehicles, and manufacturing shifts. Key points include:

1. Expected annual production of 50,000 tonnes of copper concentrate in early stages
2. Potential for operations to extend beyond the initial 10-year production plan
3. Forecasts of copper prices exceeding USD $40,000 per tonne in coming years
4. Adherence to Australia's strict ESG standards, appealing to institutional investors
5. Strategic marketing efforts focusing on positioning Balfour as a critical and scalable copper supplier

The project's scalability, sustainability, and long-term potential make it well-positioned in the copper market, with HIRU confident in attracting investor and industry partner interest.

HIRU (OTC Pink: HIRU) has announced a Feasibility Scoping Study for its Balfour Copper Project in northwestern Tasmania, Australia. The study outlines a 10-year initial plan to process 500,000 tonnes of ore annually, producing 50,000 tonnes of copper concentrate. The project's pre-production capital is estimated at USD $78 million, including $60 million for infrastructure and $18 million for initial operational expenses.

The project is expected to generate positive cash flow in Year 1, with projected revenues of USD $33.80 million, growing to USD $42.81 million by Year 10. The Balfour Project has significant expansion potential beyond the initial plan, with 110 known deposits along the 70-kilometer tenement strike. The project benefits from existing infrastructure in Tasmania and offers potential for additional revenue from gold and silver by-products.

HIRU (OTC Pink: HIRU) has completed a preliminary feasibility scoping study for its Balfour Copper Project in northwestern Tasmania, Australia. The study outlines a 10-year Life of Mine (LOM) scenario, projecting to treat 500,000 tonnes of ore annually with a grade of 1.5% copper, yielding approximately 50,000 tonnes of copper concentrate per year.

Key financial projections include:

• Year 1 metal revenue: USD $73.47 million
• Year 10 metal revenue: USD $93.07 million
• Year 1 net revenue: USD $33.80 million
• Year 10 net revenue: USD $42.81 million

The study highlights the project's scalability and financial robustness, with extensive exploration opportunities along a 70-kilometer strike. The presence of gold and silver as by-products offers potential for diversified revenue streams.

HIRU (OTC Pink: HIRU) has released a comprehensive research report titled "How Copper Mining Companies Earn Money During the Exploration Stage" on OTC Markets. The report explores the critical role of copper in the global economy and provides insights into the industry's growth potential, market size, and future outlook.

Key topics covered in the report include:

• Global Copper Demand: Examining current market trends and projections, highlighting copper's importance in technological advancements and industrial growth.
• Revenue Generation in the Exploration Stage: An in-depth look at how copper mining companies can monetize their exploration efforts through strategic partnerships, resource estimates, and investor relations.
• Future Market Outlook: Offering perspectives on the copper industry's future.

The report emphasizes copper's essential role in infrastructure development, renewable energy, and electric vehicles, making it a highly sought-after commodity.