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TMRFF OTC

Welcome to our dedicated page for SOMERSET MINERALS news (Ticker: TMRFF), a resource for investors and traders seeking the latest updates and insights on SOMERSET MINERALS stock.

Tempus Resources Ltd (TMRFF) is a gold exploration company advancing high-potential projects in Canada and South America. This page aggregates official announcements, financial updates, and technical developments across their portfolio.

Investors and industry observers will find timely updates on the Blackdome-Elizabeth Project's resource expansion, Ecuadorian exploration activities, and corporate developments. Content includes drill results, resource estimates, financing announcements, and strategic partnership updates.

Key focus areas include progress at the British Columbia gold properties, exploration permits in Ecuador, and capital management initiatives. Bookmark this page for direct access to SEC filings, ASX disclosures, and geological reports from Tempus Resources' active exploration programs.

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Tempus Resources Ltd (TMRFF) has secured firm commitments for a non-brokered private placement, raising approximately A$1.02 million through the issuance of 20,338,885 shares at A$0.05 each, along with options. The funds are earmarked for further resource drilling at the Elizabeth-Blackdome Gold Project in British Columbia, with an updated mineral resource estimate expected in early 2023. Additionally, an Australian Entitlements Offer will allow eligible shareholders to purchase shares at the same price, potentially raising up to A$3.9 million.

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Tempus Resources Ltd (ASX:TMR, TSXV:TMRR, OTC PINK:TMRFF) reports visible gold findings in drill hole EZ-22-09 at the Elizabeth Gold Project in British Columbia. The drill program continues to show potential at the Blue Vein, having completed approximately 2,200 meters over 9 holes since May 30. This marks the second instance of visible gold in this season's drilling. The results of earlier holes (EZ-22-01 to EZ-22-03) are pending. The project has previously shown high-grade gold mineralization, and approximately 15 additional holes are planned to further explore the area.

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Tempus Resources Ltd (OTCQB: TMRFF) announced the granting of 3,342,857 incentive stock options to its directors, officers, and consultants. The options are divided into two sets: 642,857 options at an exercise price of A$0.11 expiring on April 6, 2024, and 2,700,000 options at A$0.12 expiring on June 29, 2025. Additionally, 444,445 shares have been issued to the Bridge River Indian Band as part of an exploration agreement linked to the Elizabeth Gold Project in British Columbia.

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Tempus Resources Ltd (TMRFF) has reported further visible gold discoveries in drill hole EZ-22-03 at the Elizabeth Gold Project in Southern British Columbia. The drill revealed two zones of quartz veining with visible gold at depths of approximately 96.9 to 97.3 meters and 124.0 to 124.1 meters. Additional grains of gold were noted on the cut core. The core samples are set to be sent to SGS Laboratories for assay results, expected in 1-2 months. Tempus plans to drill 15 additional holes this year to further explore the Blue Vein mineralization, which has previously shown promising results.

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Tempus Resources Ltd has announced notable findings from its ongoing drilling program at the Elizabeth Gold Project in British Columbia, Canada. As of June 13, 2022, three diamond drill holes totaling 645 meters have been completed, with drill hole EZ-22-03 revealing two zones of visible gold within quartz veining. This follows last year's successful drilling campaign, which indicated high-grade gold mineralization over a strike length of 80 meters. Tempus plans to conduct approximately fifteen additional holes this year to further explore the Blue Vein's potential.

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Tempus Resources Ltd has commenced its 2022 Exploration Program at the Elizabeth Gold Project in Southern BC, Canada as of May 30. The diamond drilling aims to expand the high-grade Blue Vein and explore the Main and West Veins, with a target of drilling up to 30 holes (approximately 8,500 metres). Notable targets include the Blue Vein, which has previously shown intervals of up to 33.7g/t Au, and the Main and West Veins, with historic grades recorded at 55g/t Au. An updated NI43-101 Resource estimate will follow the program's completion.

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Tempus Resources Ltd (TMRFF) has announced that its common shares are now eligible for electronic clearing and settlement via the Depository Trust Company (DTC) in the U.S. This DTC eligibility is expected to enhance Tempus's market presence and accessibility for U.S. investors, allowing efficient transaction processing. The company’s President and CEO, Jason Bahnsen, emphasized the benefits for both current and potential shareholders, positioning U.S. investors to engage with Tempus's Americas-based projects.

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Tempus Resources Ltd has successfully raised approximately C$718,000 (A$762,309) through a private placement of 9,828,571 units at C$0.07 each and 352,940 flow-through units at C$0.085 each. Proceeds will support exploration projects, including drilling at the Elizabeth Gold Project in Canada, scheduled to start in Q2 2022. The Offering involved insider participation, and Red Cloud Securities acted as a finder. Closing is subject to regulatory approvals. Each unit includes one share and a half warrant, exercisable at C$0.11 for 24 months.

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Tempus Resources has announced its 2022 exploration program at the Elizabeth Gold Project in British Columbia, focusing on expanding the Blue Vein and other targets. Following a successful 39-hole Phase 1 program, the 2022 initiative plans approximately 30 holes, totaling 8,500 meters. Significant targets include the Blue Vein, which has shown high-grade intersections, and the Main and West veins, previously minimally explored. An updated NI43-101 resource estimate is expected after the drill program, which aims to build on the current inferred resource of approximately 206,139 ounces of gold.

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FAQ

What is the current stock price of SOMERSET MINERALS (TMRFF)?

The current stock price of SOMERSET MINERALS (TMRFF) is $0.03 as of June 5, 2025.

What is the market cap of SOMERSET MINERALS (TMRFF)?

The market cap of SOMERSET MINERALS (TMRFF) is approximately 2.5M.
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