Prospect Ridge Stock Price, News & Analysis

Prospect Ridge Resources (OTCQB:PRRSF) has appointed Patrick Donnelly to its Board of Directors, effective August 1, 2025. Donnelly, who holds a B.Sc. in Geology and an MBA, brings over 30 years of experience in mineral exploration and capital markets. His notable achievement includes growing First Mining Gold's market capitalization from CDN$30 million to CDN$600 million through eight M&A transactions.

Simultaneously, Michael Michaud will step down from the Board to focus on his role as President and CEO of Red Pine Exploration Inc., but will continue as an advisor to Prospect Ridge.

Prospect Ridge Resources (OTCQB:PRRSF) has initiated significant exploration programs and completed key acquisitions in British Columbia. The company has begun a 4-week exploration program at Knauss Creek and Holy Grail projects, covering 625.5 km², with crews from Equity Exploration starting July 15.

The company has also closed acquisitions of options for the Castle and Excalibur Copper-Gold porphyry projects, paying $12,000 in cash and issuing 360,000 shares. Comprehensive exploration programs are planned for both properties, including airborne magnetic surveys, IP surveys, and mapping, leading to a planned minimum 2,000-metre diamond drill program for each project targeted for summer 2026.

Prospect Ridge Resources (OTCQB:PRRSF) has entered into an Option Agreement to acquire up to 100% interest in the Excalibur Copper-Gold porphyry project in British Columbia. The 27.7 square kilometer property is strategically located near infrastructure, powerlines, and population centers of Smithers and New Hazelton.

The undrilled project, owned by three renowned BC geologists (Henry Awmack, David Caulfield, and Mark Baknes), represents an early-stage opportunity in a prolific mining belt that includes notable mines like Mt. Milligan, Huckleberry, and Bell Copper. The property has seen limited modern exploration in the past 30 years and is free from underlying royalties or encumbrances.

The company plans to define porphyry drill targets and either conduct drilling independently or partner with major mining companies for exploration funding.

Prospect Ridge Resources (OTCQB:PRRSF) has entered into an Option Agreement to acquire up to 100% interest in the Castle porphyry project in British Columbia's Toodoggone gold-copper district. The 29.14 km² property features two prominent gossans with historic soil sampling yielding up to 6800 ppb Au and 1070 ppm Cu.

The acquisition terms include total payments of CDN $165,000, exploration commitments of CDN $283,000, and 1.1 million shares over five years. The project shows strong similarities to Newmont's Cadia Far East alkalic porphyry mine, with Phase 1 exploration planned for 2025 and drilling targeted for 2026.

The property includes a 1,200 x 1,500m feldspar porphyry stock dated at 210 Ma, similar in age to nearby Red Chris and Kemess Au-Cu deposits. The Vendors will retain a 1.5% NSR royalty, of which 0.9% can be bought back under specific conditions.

Prospect Ridge Resources (CSE:PRR)(OTC:PRRSF) has formed a strategic two-year partnership with Equity Exploration Consultants to manage exploration work on its Holy Grail (59,608 Ha) and Knauss Creek (2,944 Ha) projects in British Columbia. The partnership provides Prospect Ridge access to Equity's team of 30 geologists and expertise in managing 100,000 meters of drilling annually.

Equity Exploration, founded in 1987, brings specialized porphyry expertise from working on B.C.'s top copper-gold deposits. The company will conduct detailed reviews of prior exploration data, identify targets, and interpret findings using the latest technology. Field programs will commence after the alpine snow pack melts. The partnership extends to any new B.C. projects Prospect Ridge acquires.

Prospect Ridge Resources (CSE:PRR)(OTCQB:PRRSF) announced the immediate resignation of Yan Ducharme, P.Geo from his positions as President and Director to pursue other business interests. Dr. Len Brownlie, the current Chief Executive Officer, will take over as President effective immediately.

Chairman Mike Iverson acknowledged Ducharme's three-year service to the company, particularly highlighting his organizational skills and attention to detail in creating a comprehensive database that will support future exploration activities at the Holy Grail and Knauss Creek projects during the upcoming exploration season.

Prospect Ridge Resources Corp. (CSE: PRR) (OTC: PRRSF) (FRA: OED) has announced the adjournment of its annual general meeting. The meeting will reconvene on Friday, December 20, 2024, at 11:30 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia. The company will continue to accept proxies until 48 hours before the rescheduled meeting.

Prospect Ridge Resources (CSE: PRR) (OTC: PRRSF) has announced arrangements for its Annual General Meeting scheduled for December 13, 2024, addressing challenges posed by the Canadian Union of Postal Workers strike. The company is relying on CSA Blanket Order 51-931 for temporary exemption from sending physical proxy-related materials. Shareholders will vote on fixing the board size at seven directors, electing directors, re-appointing auditors, and re-approving the stock option plan.

All proxy materials are available on SEDAR+ and the company's website. Shareholders can request email copies and must submit completed proxy forms via physical delivery, fax, or email to Odyssey Trust Company. The voting deadline has been extended to two hours before the meeting.

Prospect Ridge Resources has announced results from its 2,229-meter drilling campaign at the Copper Ridge Zone of its Knauss Creek property in British Columbia. The program, consisting of 9 holes, targeted surface anomalies covering a 1.5 km by 850 m area. Three distinct 20-metre corridors of gold-silver and copper-gold-silver mineralization were identified. The drilling confirmed mineralization down to 120 m depth, with notable intersections including up to 0.51 g/t gold and 1.7 g/t silver over 20.5 m, and 5.44 g/t gold, 21.1 g/t silver, and 1.89% copper over 1.5 m. The company has $2.7M in treasury to continue exploration.