Hiru Corp Stock Price, News & Analysis

Ameerex (OTC:HIRU) signed a Memorandum of Understanding to acquire a 100% interest in the Corcoran Canyon Silver-Gold Project, Nye County, Nevada.

The NI 43-101 outlines an Inferred Mineral Resource of ~45.6 million silver-equivalent ounces (AgEq) (≈39.0M AgEq pit-constrained; ≈6.66M AgEq underground). Historic flotation and cyanidation tests showed strong recoveries. Multiple targets (West, Intrusion, Pediment) are identified for staged expansion.

Ameerex plans updated modelling, confirmation drilling, metallurgical optimisation and preliminary economic assessments after definitive agreements; a separate multi-asset lithium transaction in Argentina and Brazil is expected to be disclosed next week.

Ameerex (OTC:HIRU) signed a Memorandum of Understanding to acquire 100% of the Corcoran Canyon Silver-Gold Project in Nye County, Nevada, which hosts an NI 43-101 inferred mineral resource of ~45.6 million silver-equivalent ounces (AgEq) (≈39.0M AgEq pit-constrained; ≈6.66M AgEq underground). The deposit is described as a low-sulfidation epithermal silver-gold system with historical drilling, metallurgical flotation and cyanidation tests showing strong recoveries.

Management plans include updated geological modelling, targeted confirmation drilling, metallurgical optimization and preliminary economic assessments after definitive agreements. Ameerex also said full details of a multi-asset lithium transaction in Argentina and Brazil will be disclosed next week.

Ameerex Corporation (OTC: HIRU) announced a strategic expansion into oil, gas and mineral resources via a joint venture and targeted investments.

The company acquired 40% equity in Falcon Caddo Venture LLC covering 4,435 acres in Foard County, Texas, with an estimated 24 million BOE in place. Current production is ~800 barrels per day, projected to reach ~5,000 bpd by mid-2026. The redevelopment includes 18 wells and water-injection capacity expanded to 15,000 barrels per day. Funding is exclusively by Ameerex's Qatari shareholders (debt-free). Ameerex is also negotiating a Canadian producing-asset acquisition (>5,000 bpd) and a targeted lithium investment in Texas.

Ameerex Corporation (OTC:HIRU) confirmed a strategic U.S. entry by acquiring an initial 40% equity stake in Falcon Caddo Venture LLC, operator of the Rasberry Unit Field in Foard County, Texas.

The Rasberry Unit covers ~4,435 acres in the Caddo Limestone Reef with an estimated 24 million barrels BOE in place. Ameerex expects production to rise from ~800 BOPD to ~5,000 BOPD by mid-2026 via 18 well redevelopments, expanded water injection to 15,000 BPD, and enhanced secondary recovery. The venture is equity-financed by principal Qatari shareholders with no bank debt. Ameerex is also negotiating a Canada producing-asset partnership exceeding 5,000 BOPD as a next phase.

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.