Welcome to our dedicated page for Rusoro Mining news (Ticker: RMLFF), a resource for investors and traders seeking the latest updates and insights on Rusoro Mining stock.
News for Rusoro Mining Ltd. (RMLFF) highlights a gold-sector company whose recent disclosures focus on legal and financial developments rather than active mine operations. The company states that its principal business activities were historically the acquisition, exploration, development, and operation of gold mineral properties, and that since Venezuela expropriated its Venezuelan assets in 2012 it has concentrated on recovering its Arbitration Award.
Recent news releases describe Rusoro’s involvement in U.S. court proceedings related to the sale of shares of PDV Holding, Inc., the indirect 100% owner of Citgo Petroleum Corp. Coverage includes updates on a court-issued Sale Order authorizing the sale of PDVH shares to Amber MSub LLC, the expected treatment of Rusoro’s U.S. judgment in the court-ordered priority waterfall, and appeals and regulatory approvals that may affect the transaction.
Other news items address Rusoro’s participation in a consortium backing a credit bid submitted by Dalinar Energy Corporation for PDVH shares, as well as the special master’s recommendation of a different stalking horse bid. The company also reports on corporate and capital markets developments, such as the grant of incentive stock options under its incentive stock option plan and a financing of unsecured, non-interest-bearing promissory notes whose principal is payable only from proceeds of any successful enforcement of its arbitral award.
Regulatory and disclosure-related news includes announcements about delays in annual financial filings, the issuance of a Management Cease Trade Order that restricts insider trading in the company’s securities, and bi-weekly status updates under National Policy 12-203. Investors and observers can use this news stream to follow Rusoro’s progress in its arbitration award enforcement efforts, financing arrangements tied to those efforts, and key court decisions affecting the PDVH and Citgo-related sale process.
Rusoro Mining (RMLFF) announced that a U.S. District Court in Delaware issued a Sale Order on November 29, 2025 authorizing the sale of PDV Holding shares to Amber MSub LLC to satisfy multi‑billion‑dollar judgments against Venezuela and PDVSA.
The sale is expected to generate sufficient proceeds to extinguish US$5.892 billion in judgments. Rusoro's U.S. judgment (including interest) is approximately US$1.550 billion today; Rusoro will receive US$400 million cash at closing, US$650 million in a debt instrument (convertible notes) at closing, plus Amber warrants. The Notes carry an initial principal of US$3.65 billion (subject to flex) and a liquidation preference structure.
The Republic, PDVSA, PDVH and Citgo appealed the Sale Order on December 1, and the sale remains subject to OFAC approval.
Rusoro Mining (TSXV: RML / OTC: RMLFF) announced on November 13, 2025 that the Delaware Court of Chancery denied Gold Reserve's request for expedited treatment of a motion for a preliminary injunction related to the PDV Holdings sale process.
The company said Vice Chancellor Lori Will found Gold Reserve did not show a risk of irreparable injury from the ongoing federal sale process, and suggested those disputes can be addressed by the federal judge. Separately, Delaware federal Judge Leonard P. Stark denied motions from Gold Reserve, Citgo, PDVSA and the Republic of Venezuela to disqualify the special master and denied Gold Reserve's request for his recusal in a 54-page opinion.
Rusoro Mining (TSXV: RML) has successfully closed a financing through unsecured, non-interest-bearing promissory notes. The subscribers provided an aggregate of US$1.7 million to the company. The notes have a unique structure where the principal repayment amount varies: US$5.1 million if paid by July 31, 2028, or US$6.8 million if paid after that date.
The repayment is contingent on proceeds from the company's successful enforcement of its arbitral award against Venezuela regarding the unlawful expropriation of Rusoro's Venezuelan investments. The funds will be used for legal expenses related to enforcing the arbitral award and working capital.
Rusoro Mining Ltd. (TSXV: RML) has provided a bi-weekly status update regarding its previously announced Management Cease Trade Order (MCTO). The company failed to file its annual audited financial statements for 2024 by the April 30, 2025 deadline. Rusoro is working with its audit team and remains confident in completing the Annual Filings before June 30, 2025.
The MCTO, issued by the British Columbia Securities Commission on May 1, 2025, restricts the CEO and CFO from trading company securities but does not affect other shareholders' ability to trade. The company confirms no material changes or undisclosed information since the Default Announcement and will continue issuing bi-weekly status reports.
Rusoro Mining has announced a delay in filing its financial statements for the year ended December 31, 2024. The company has received a voluntary management cease trade order (MCTO) from Canadian securities regulators, which restricts insider trading but allows general trading to continue.
The delay stems from the resignation and replacement of the company's auditor on October 11, 2024. Management expects to complete the required filings by May 23, 2025. The company confirms compliance with alternative information guidelines and has not initiated any insolvency proceedings.
Additionally, three directors - Jay Kaplowitz, Dmitri Ushakov, and Vladimir Agapov - have resigned effective immediately.
Rusoro Mining (TSXV: RML) has provided an update regarding a credit bid submitted by Dalinar Energy , a subsidiary of Gold Reserve , for the purchase of PDV Holding, Inc. (PDVH), the indirect parent company of CITGO Petroleum Corp.
The bid, supported by a consortium including Rusoro, Gold Reserve, Koch Minerals Sarl, and Koch Nitrogen International Sarl, was not selected as the 'Stalking Horse' or 'Base Bid' by the Special Master under the U.S. District Court for the District of Delaware sale process. Instead, the Special Master recommended a $3.699 billion bid from Red Tree Investments, an indirect subsidiary of Contrarian Funds,
Interested parties can now object to the Special Master's recommendation before a Court hearing. Rusoro has engaged Rothschild & Co as financial advisor and Kirkland & Ellis LLP and DLA Piper LLP as legal counsel to maximize the value of its U.S. Judgment in the PDVSA sale process.
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