Welcome to our dedicated page for Mundoro Cap news (Ticker: MUNMF), a resource for investors and traders seeking the latest updates and insights on Mundoro Cap stock.
Mundoro Capital Inc. (OTCQB: MUNMF) is a mineral exploration and royalty company whose news flow centers on copper-focused projects in the Western Tethyan Belt of Eastern Europe and the Laramide Belt in the southwest USA. The company’s updates frequently cover exploration progress, partner-funded programs, financial results and portfolio developments.
News releases from Mundoro describe ongoing work on partnered projects in Serbia with subsidiaries of BHP Group Limited, including option and earn-in agreements over exploration licenses in the Timok Magmatic Complex. These updates often detail geophysical surveys, geological modeling, drilling campaigns and target refinement at projects such as Borsko, Trstenik and other Timok-area licenses. Additional coverage includes the JOGMEC-Mundoro EE1 copper project in Bulgaria, where the company reports on permitting steps and planned drill programs for sediment-hosted stratiform copper targets.
For its 100%-owned Arizona portfolio, Mundoro’s news highlights field programs and drilling at the Dos Cabezas, Picacho and Copperopolis projects. Disclosures describe mapping, geochemical sampling, geophysical work and initial drill results that the company interprets as indicative of porphyry copper style systems, along with efforts to secure joint venture partners for further exploration.
Investors following MUNMF news can also expect regular financial and corporate updates, including quarterly and annual results, cash position summaries, equity financings, equity incentive grants and annual general meeting outcomes. Together, these news items provide insight into Mundoro’s partner-funded exploration model, generative programs and the evolution of its copper-focused property portfolio in Eastern Europe and the United States.
Mundoro Capital reports Q3-2024 financial results with a strong cash position of $4,233,609 and no long-term debt. The company earned fees, net option payments, and interest of $1,042,956, while recording corporate expenses of $903,774. Exploration expenditures totaled $5,980,712, with recoveries from optionees of $5,154,147.
Key operational highlights include new geophysical surveys at the Borsko Project, approval of a new drill program at Trstenik Project, and advancement of exploration activities at the South Timok Project in Serbia. The company also progressed exploration at its US projects, including Dos Cabezas, Copperopolis, and Picacho.
Mundoro Capital announces advancement of five prospective porphyry exploration targets on the Trstenik project in Serbia, where BHP Exploration is earning interest and providing funding. The targets include SouthWest Zone, SouthEast Zone, North-Central Zone, Central Zone, and North Zone, all located near the Majdanpek porphyry copper deposit. Permit applications for drill locations have been submitted, with drilling expected to commence in Q4 2024 using two drill rigs. The project covers 55 sq km within the northern portion of the Timok Magmatic Complex.
Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) has identified four highly prospective porphyry exploration targets at the Tilva Rosh prospect area on its 100% owned licenses in Serbia. The targets include:
1. Tilva Rosh Valley: A 2 km x 2 km target area at the junction of two significant fault structures.
2. Tilva Rosh North: A 3 km x 1.5 km target with advanced surface alteration and increasing molybdenum grades at depth.
3. Tilva Rosh South: A deeper porphyry target with molybdenum anomalies and porphyry style alteration zonation.
4. Tilva Rosh Bridge: A 2.3 km zone linking two lithocaps with copper-gold soil anomalies.
These targets are located in the Timok Magmatic Complex, near the Bor and Cukaru Peki Mine Complexes. The company has designed drill holes to test each target area for porphyry and high-sulphidation epithermal systems.
Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) has reported its H1-2024 financial results and provided an update on exploration activities. Key highlights include:
- Strong cash position of $4,372,473 as of June 30, 2024
- Generated $918,080 in fees and payments
- Net loss of $286,337
- Ongoing discussions for optioning projects in Serbia and Arizona
- Purchased 174,000 shares through NCIB program
Exploration plans for H2-2024 include:
- Drill program at Trstenik, Serbia in Q4-2024
- Ground magnetic survey and sampling at South Timok licenses, Serbia
- Environmental assessment at EE1, Bulgaria
- Reconnaissance mapping and sampling at Copperopolis and Dos Cabezas, USA
Partner-funded programs with BHP and JOGMEC are progressing, with AMT surveys completed at various projects and environmental assessments underway.
Mundoro Capital released its Q1-2024 financial results and exploration updates. As of March 31, 2024, Mundoro held $3,610,283 in cash, down from $6,479,508 at the end of 2023, with no long-term debt. The company reported a net income of $313,305, up from $294,586 in Q1-2023. Exploration expenses, mainly funded by partners, increased to $2,637,541 from $1,686,880 in Q1-2023. Recoveries from partners were $2,584,073, leading to net exploration costs of $53,468. Corporate expenses decreased to $267,522 from $341,199. Cash flow from operations increased to $424,967 from $357,152. Mundoro is in discussions for joint ventures in Serbia and Arizona. Key exploration activities include ongoing surveys and sample analysis in Serbia. Despite no mineralization from a test drill in the Padina license, the costs were covered by Vale prior to the termination of their agreement in April 2024.
Mundoro Capital Inc. (TSXV: MUN) announced its FY-2023 financial results and 2024 outlook, showcasing positive performance with a cash position of $6.5 million, a 240% increase in Fees Earned and Net Option Payments, and a net income of $1.4 million. The company plans to reinvest cash in 2024 for new projects and partnerships, with no anticipated need for capital raising. Operational highlights include advancements in exploration in Serbia, Bulgaria, and Arizona.
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