Hiru Corp Stock Price, News & Analysis

Hiru (OTC Pink: HIRU) has announced a significant development in its mining operations. The company has signed an agreement with Zebs Minerals Pty and D & B Mining Pty to fund and manage exploration and mining operations at the Balfour Project in Western Tasmania. HIRU has exclusive rights to explore, develop, and exploit mineral resources in the concession area, with an expected exploration phase of five years followed by exploitation activities.

Key aspects of the agreement include:

• HIRU will make royalty payments of 2.5% of annual mine profits to Zebs Minerals or D & B Mining
• HIRU will cover all tax obligations related to the project, except corporate income tax
• The company has secured funding through a complex financial arrangement described as an off-market traditional PIPE with a credit derivative swap

HIRU's Chairman, Sheikh Khalid Nasser Al Thani, emphasized the company's commitment to developing the Balfour Project in a financially sustainable and efficient manner.

Hiru (OTC Pink: HIRU) has secured a 50-year mining concession for the Balfour Project in Western Tasmania, Australia. The agreement, signed with Zebs Minerals Pty and D & B Mining Pty , includes an option to extend for an additional 50 years. This landmark deal allows HIRU to explore, develop, and exploit substantial copper resources in the region.

The concession can be extended on a rolling 12-month basis, ensuring operational continuity. HIRU views this as a key milestone in its growth strategy, positioning the company to contribute to the global copper supply chain. The agreement is governed by Tasmanian law, ensuring compliance with local regulations.

HIRU also addressed shareholder inquiries, clarifying that individuals with similar names to company officers who have had legal issues are not associated with Hiru

Hiru (OTC: HIRU) has announced key updates to its business operations and management:

• Updated OTC Markets profile with new management and business description
• Launched new website www.hirumining.com showcasing the Balfour Copper Mine Project in Tasmania, Australia
• Recent research indicates potential for large-scale copper-cobalt deposits in the region
• Australia's copper production expected to rise until 2028-29
• Copper industry revenue growing at 3.5% CAGR, reaching estimated $9.6bn in 2024
• Company seeking new opportunities in resource-rich regions worldwide

CEO Khalid Nasser A.S. Al-Thani expressed confidence in the Balfour Project's potential to contribute significantly to the global supply of copper and other essential metals.

HIRU (OTC Pink: HIRU) has announced the sale of its eCommerce subsidiary, The Fixture Place, for $2,500,000 in a mix of cash and restricted shares. This strategic move aligns with HIRU's focus on its core mining business in Australia. The company's new management took control on July 31, 2024, and is awaiting SEC and OTC access codes to complete filings. HIRU's CEO has purchased approximately 1.2 billion shares of HIRU common stock.

The company plans to release full mining and cooperation agreements for its Australian mining project, which is valued at over $150 million USD. HIRU emphasizes that it is under new ownership and management, distinct from previous operators who may have failed to meet local community expectations. The company is committed to responsible corporate citizenship and will provide timely updates to shareholders.

Hiru (OTC Pink: HIRU) has announced significant developments in its expansion strategy. The company has appointed new corporate officers and directors, including Khalid Nasser A.S. Al-Thani as Chairman & CEO and James Peter Thorp as CFO. HIRU is also launching a new corporate website at www.hirumining.com to enhance stakeholder engagement.

In a strategic move, HIRU has relocated its headquarters to Toronto, Canada, at 1 Yonge Street, 4th Floor. This decision aims to align with the company's expanding global footprint in the mining sector and positions HIRU in a major financial hub catering to the mining industry. The company's official X (Twitter) account is @HiruMining, and investors are advised to rely on information posted on OTC Markets OTC: HIRU and SEC filings for official updates.

Hiru (OTC Pink: HIRU) has undergone significant changes, including a control block sale of preferred shares and new management. The company is addressing a $1.4 million debt, secured by water equipment, with potential buyers considering the purchase. HIRU is shifting its focus to acquiring and collaborating with profitable mines and large real estate construction projects, aiming to develop into a small conglomerate.

The company is eyeing mining projects valued between $70 to $150 million, with full mining reports and audited financials. HIRU plans to establish offices in New York and either Toronto or Vancouver to leverage strong mining circles. The company has also launched its X (Twitter) account as part of its new direction.

Hiru (HIRU) has appointed Vlad Duba as the new interim CEO, bringing a wealth of expertise in business development, financial restructuring, and strategic advancement. Vlad has a distinguished career in various sectors including banking, oil and gas, industrial real estate, pharmacy, and mining. His notable achievements in the mining sector include the discovery of a significant Copper deposit in Kyrgyzstan and the management of a Lithium brownfield project in Russia. Vlad's focus on Clean Energy metals and Carbon Offset projects aligns with Hiru 's commitment to sustainability.