Quadro Maintains 49% Interest in Staghorn Property as Parties Agree to Pursue Joint Venture Arrangement
Quadro Resources (OTC:QDROF) announced that TRU Precious Metals has completed its 51% earn-in at the Staghorn Property in Newfoundland and Labrador, with Quadro maintaining a 49% interest. TRU has opted not to proceed with the Additional Option under their June 2022 agreement.
The companies will now pursue a Joint Venture Agreement (JVA) to govern their respective rights and obligations for the property. Assay results from TRU's 2025 drill program are pending, which will help shape future exploration plans. Quadro is exploring funding options, including flow-through and hard-dollar financings, to support future exploration activities.
Quadro Resources (OTC:QDROF) ha annunciato che TRU Precious Metals ha completato la sua acquisizione del 51% della proprietà Staghorn a Terranova e Labrador, mentre Quadro mantiene una quota del 49%. TRU ha deciso di non procedere con l'Opzione Aggiuntiva prevista nell'accordo di giugno 2022.
Le società ora intendono avviare un Accordo di Joint Venture (JVA) per regolare i rispettivi diritti e obblighi sulla proprietà. Sono in attesa dei risultati delle analisi del programma di perforazione 2025 di TRU, che guideranno i piani di esplorazione futuri. Quadro sta valutando opzioni di finanziamento, inclusi finanziamenti flow-through e hard-dollar, per sostenere le attività di esplorazione future.
Quadro Resources (OTC:QDROF) anunció que TRU Precious Metals ha completado su adquisición del 51% en la propiedad Staghorn en Terranova y Labrador, manteniendo Quadro un interés del 49%. TRU ha optado por no continuar con la Opción Adicional bajo su acuerdo de junio de 2022.
Las compañías ahora buscarán un Acuerdo de Joint Venture (JVA) para regular sus respectivos derechos y obligaciones sobre la propiedad. Están pendientes los resultados de los ensayos del programa de perforación 2025 de TRU, que ayudarán a definir los planes futuros de exploración. Quadro está explorando opciones de financiamiento, incluyendo financiamiento flow-through y hard-dollar, para apoyar las actividades futuras de exploración.
Quadro Resources (OTC:QDROF)는 TRU Precious Metals가 뉴펀들랜드 래브라도의 Staghorn 광산에서 51% 권리를 획득했으며, Quadro는 49% 지분을 유지한다고 발표했습니다. TRU는 2022년 6월 계약에 따른 추가 옵션을 진행하지 않기로 결정했습니다.
양사는 앞으로 광산에 대한 각자의 권리와 의무를 규정하는 합작 투자 계약(JVA)을 추진할 예정입니다. TRU의 2025년 시추 프로그램 분석 결과가 대기 중이며, 이는 향후 탐사 계획 수립에 도움이 될 것입니다. Quadro는 향후 탐사 활동 지원을 위해 플로우스루 및 하드달러 자금 조달 방안을 검토하고 있습니다.
Quadro Resources (OTC:QDROF) a annoncé que TRU Precious Metals a finalisé son acquisition de 51% sur la propriété Staghorn à Terre-Neuve-et-Labrador, tandis que Quadro conserve une participation de 49%. TRU a choisi de ne pas exercer l'Option Supplémentaire prévue dans leur accord de juin 2022.
Les entreprises vont désormais chercher à établir un Accord de Coentreprise (JVA) pour régir leurs droits et obligations respectifs concernant la propriété. Les résultats des analyses du programme de forage 2025 de TRU sont en attente, ce qui aidera à définir les plans d'exploration futurs. Quadro explore des options de financement, incluant des financements flow-through et hard-dollar, pour soutenir les activités d'exploration à venir.
Quadro Resources (OTC:QDROF) gab bekannt, dass TRU Precious Metals seinen 51%igen Erwerb am Staghorn-Grundstück in Neufundland und Labrador abgeschlossen hat, während Quadro einen 49%igen Anteil behält. TRU hat sich entschieden, die zusätzliche Option aus ihrem Juni-2022-Abkommen nicht weiter zu verfolgen.
Die Unternehmen werden nun eine Joint-Venture-Vereinbarung (JVA) anstreben, um ihre jeweiligen Rechte und Pflichten für das Grundstück zu regeln. Die Ergebnisse der Analysebohrungen von TRU aus dem Jahr 2025 stehen noch aus und werden die zukünftigen Explorationspläne beeinflussen. Quadro prüft Finanzierungsoptionen, darunter Flow-Through- und Hard-Dollar-Finanzierungen, um zukünftige Explorationsaktivitäten zu unterstützen.
- None.
- Loss of opportunity to gain additional interest as TRU declines Additional Option
- Will need to secure funding to maintain participation in future exploration activities
Vancouver, British Columbia--(Newsfile Corp. - August 6, 2025) - Quadro Resources Ltd. (TSXV: QRO) (OTC Pink: QDROF) (FSE: G4O) ("Quadro" or the "Company") announces that TRU Precious Metals Corp. ("TRU") has elected not to proceed with the Additional Option under the Option Agreement dated June 15, 2022 (as amended), relating to Quadro's Staghorn Property in Newfoundland and Labrador.
As a result, TRU has completed its earn-in of a
Quadro President and CEO T. Barry Coughlan commented: "We welcome TRU's continued involvement at Staghorn and look forward to working constructively toward the establishment of a Joint Venture Agreement. With Quadro maintaining a
Assay results from TRU's 2025 drill program are pending, and Quadro believes these will be instrumental in shaping future exploration plans and strategic options. The Company is also evaluating funding opportunities, including potential flow-through and hard-dollar financings, to support its future participation in exploration activities and to preserve shareholder value.
About Quadro Resources - Quadro Resources Ltd. is a publicly traded mineral exploration company with approximately 28.5 million shares outstanding, listed on the TSX Venture Exchange under the ticker symbol "QRO." The Company is dedicated to advancing gold exploration projects across North America. Quadro holds a
On behalf of the board of directors,
Quadro Resources Ltd.
"T. Barry Coughlan"
President and CEO
Tel (604) 644-9561
info@quadroresources.com
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections." For more information on the Company, interested parties should review the Company's filings that are available at www.sedarplus.ca.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261485
FAQ
What percentage stake does Quadro Resources (QDROF) maintain in the Staghorn Property?
What is the next step for Quadro Resources and TRU Precious Metals regarding the Staghorn Property?
What potential funding options is Quadro Resources exploring for future operations?
When will the results from TRU's 2025 Staghorn Property drill program be available?
Where is the Staghorn Property located?
