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Prospect Ridge Resources Corp. reports developments tied to its British Columbia mineral exploration portfolio, with a focus on critical metals and gold. Company updates center on copper-gold porphyry targets in the Golden Horseshoe and Cariboo regions of north-central British Columbia, including work at the 100% owned Camelot copper-gold project and exploration planning for Excalibur and Castle.
Recurring news themes include drill results, assay interpretation, geochemical and geophysical targeting, technical advisory appointments, flow-through share financings, board changes, and investor presentations. The company’s disclosures also describe exploration partnerships and technical work intended to advance drill targets across its project portfolio.
Prospect Ridge (OTC:PRRSF) will begin a 2,000 metre diamond drill program at its 100% owned Camelot copper-gold project in British Columbia on November 1, 2025. The 2,646-hectare property lies ~65 km east of Williams Lake in the Quesnel Terrane. The company identified a 1,700 m x 500 m coincident chargeability-magnetic anomaly and defined 10 high-priority and 10 lower-priority drill collar locations for a ten-hole program. Prospect Ridge reports $2.8M in treasury, all permits in place, and has contracted Dorado Drilling to execute the program.
Prospect Ridge (CSE:PRR / OTCQB:PRRSF) closed the first tranche of a non-brokered flow-through private placement on October 27, 2025, issuing 10,783,334 flow-through units for gross proceeds of $1,294,000.08. The company paid $85,400 cash and issued 711,667 finder warrants exercisable at $0.18. Insiders purchased 41,667 units ($5,000), ~0.39% of units in the tranche; related party exemptions under MI 61-101 were relied upon. Proceeds are intended to fund eligible Canadian exploration expenditures, primarily a 2,000 metre drill program at the Camelot project near Horsefly, British Columbia. Securities issued are subject to a statutory hold until February 28, 2026.
Prospect Ridge (CSE:PRR / OTCQB:PRRSF) announced the formation of a Technical Advisory Committee to support accelerated British Columbia exploration and named industry veterans including Henry Awmack, David Caulfield, Mark Baknes, Michael Michaud and John McVey.
The company also granted 1,200,000 incentive stock options to directors, officers, consultants and advisors at an exercise price of $0.15 per share exercisable for five years.
A recording of the October 16, 2025 town hall is now available on the company website and the company acknowledged the First Nations territories for its projects.
Prospect Ridge (CSE:PRR; OTCQB:PRRSF) announced a non-brokered private placement of up to $3,000,000 via up to 25,000,000 critical mineral flow-through units at $0.12 per Unit. Each Unit includes one flow-through share and one-half warrant; whole warrants exercisable at $0.18 for two years, with accelerated expiry if shares trade at $0.35 for ten consecutive days. Proceeds are intended to fund Canadian exploration expenses, primarily a 2,000 metre drill program on the Camelot project near Horsefly, B.C. Closing is subject to regulatory approvals and a four-month-plus-one-day hold period.
Prospect Ridge (OTC:PRRSF) announced its 2025 fall exploration program and an investor townhall on October 16, 2025. Key field work includes a planned ~2,000 m diamond drill program at the Camelot Project starting in late October 2025 targeting a ~1,700m x 500m chargeability/magnetic anomaly.
Other programs: a ~20 line-km IP survey at Excalibur (new western “Warlock” soil target: six of nine samples >150 ppm Cu); a 500 line-km airborne magnetic survey completed at Castle (Oct 1); and mapping/assays at Knauss Creek/Holy Grail including 63 assays received with 17 >100 ppm Cu, eight >1,000 ppm Cu and four >10,000 ppm Cu.
Prospect Ridge Resources (OTCQB:PRRSF) has completed the acquisition of a 100% interest in the Camelot copper-gold porphyry project from Orogen Royalties Inc. The initial payment consisted of 243,180 shares at $0.102804 per share ($25,000), with an additional $175,000 payment due within six months. The deal includes a 1% NSR royalty to Orogen with a 0.5% buydown option for $1 million.
The company has also provided updates on its exploration programs across multiple projects in British Columbia: Castle (completed ~7 line-km IP survey), Excalibur (planned 20 line-km IP survey), and Knauss Creek and Holy Grail projects (upcoming one-week prospecting program). Prospect Ridge plans to conduct a 2,000-metre drill program at Camelot this fall and aims for similar programs at Castle and Excalibur by summer 2026.
Prospect Ridge Resources (OTCQB:PRRSF) has acquired a 100% interest in the 2,646-hectare Camelot copper-gold porphyry project from Orogen Royalties in British Columbia's Cariboo Mining district. The project, located 65 kilometers east of Williams Lake, features a significant 1700m x 500m northeast-southwest composite chargeability-magnetic anomaly under shallow till cover that remains untested by drilling.
The property comes with permits for up to 255 Reverse Circulation and diamond drill holes. The project's potential is enhanced by its proximity to producing mines like Gibraltar and Mount Polley in the Quesnellia Terrane. Prospect Ridge plans to conduct an aggressive drill program in 2025 with exploration partner Equity Exploration Consultants.
Prospect Ridge Resources (OTCQB:PRRSF) has completed exploration programs at its Knauss Creek and Holy Grail projects in British Columbia, while launching new programs at its Castle and Excalibur copper-gold porphyry projects. The company has received a $200,000 B.C. Mineral Exploration Tax Credit, strengthening its treasury to $2.3 million.
At Knauss Creek and Holy Grail, crews collected 61 rock samples across 17 high-priority targets, with results pending. The Excalibur project (27.7 km²) completed initial fieldwork with 15 rock samples submitted and plans for a 30 line-km IP survey in September. The Castle project will undergo a 325 line-km airborne survey and 8 line-km IP survey.
The company aims to define multiple high-priority drill targets for a planned minimum 2,000-metre diamond drilling campaign on each property in summer 2026.
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.