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Torq Resources Inc - TRBMF STOCK NEWS

Welcome to our dedicated news page for Torq Resources (Ticker: TRBMF), a resource for investors and traders seeking the latest updates and insights on Torq Resources.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Torq Resources's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Torq Resources's position in the market.

News
Rhea-AI Summary
Torq Resources Inc. appoints Waldo Cuadra, an industry veteran with over 40 years of experience, as a Director of the Company. The Company also makes changes to its Audit Committee, enhancing its leadership team for future projects.
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Torq Resources Inc. (TRBMF) implements cash preservation measures, including a 50% pay cut for senior executives, deferral of salaries, and reduction of non-essential employees. Two directors resign, focusing on more advanced projects. The company aims to explore financing options while emphasizing value creation for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-36.71%
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management
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Rhea-AI Summary
Torq Resources Inc. has engaged Independent Trading Group for market-making services on the TSX Venture Exchange. ITG will receive CAD$6,000 per month for maintaining market liquidity. The agreement is for a minimum of one month, renewable monthly, with no performance factors or stock options involved.
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End-of-Day
-3.6%
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Rhea-AI Summary
Torq Resources Inc. announces the commencement of drilling at Santa Cecilia gold-copper project in Chile, adjacent to major deposits. The CEO highlights the unique opportunity for exploration and potential mineralization. The drill program aims to test the Pircas Norte target with promising geological indicators. The company plans to drill approximately 1,500 meters over 2 months.
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Rhea-AI Sentiment
End-of-Day
5.47%
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News
Rhea-AI Summary
Torq Resources Inc. (TRBMF) announces key activities and achievements in 2023, including successful drill programs at flagship gold-copper project in Chile, Santa Cecilia, and advancing the Margarita iron-oxide-copper-gold project. The company raised $5.3M in financing, improved gold grade at Santa Cecilia by 81%, made multiple new discoveries at Margarita, and identified highly prospective targets for drilling in 2024. Strategic support from Gold Fields and analyst coverage from Red Cloud Securities and Beacon Securities. The company plans to announce the drill plan for Santa Cecilia and commence drilling in February, followed by the next phase of drilling at Margarita in the summer. Torq will be exhibiting at the Vancouver Resource Investment Conference on January 21-22.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.77%
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Rhea-AI Summary
Torq Resources Inc. (TSXV:TORQ)(OTCQX:TRBMF) completed a public and private offering of equity securities, issuing 23,206,860 units at a price of C$0.23 per unit, resulting in gross proceeds of C$5,337,577.80. Gold Fields Atacama Holdings Inc., a wholly owned affiliate of Gold Fields Limited, increased its ownership of Torq to 15.48% through a concurrent private placement. The company issued a total of 23,206,860 common shares, 23,206,860 investor warrants, and 1,084,814 agents compensation warrants. The proposed use of proceeds from these financings is for exploration at Torq's Santa Cecilia gold-copper project in Chile and for general corporate and working capital purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.59%
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none
Rhea-AI Summary
Torq Resources Inc. (TORQ) Announces Positive Results from Trenching Program at Margarita IOCG Project in Chile
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3.83%
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Rhea-AI Summary
Torq Resources Inc. (TSXV:TORQ) Announces 'Best Efforts' Public Offering of Units at C$0.25 per Unit, with Paradigm Capital Inc. and Red Cloud Securities Inc. as Co-Lead Agents and Joint Bookrunners
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Torq Resources announces results from phase III drill program at Margarita project in Chile
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End-of-Day
10.62%
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none
Rhea-AI Summary
Torq Resources Inc. has started its third drill program at the Margarita iron-oxide-copper-gold project in Chile. The program will focus on extension targets to its greenfields discovery, with plans to drill approximately 4,000 m. The company aims to expand mineralization in the Falla 13 discovery area and test additional targets identified through a recent soil survey.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.36%
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Torq Resources Inc

OTC:TRBMF

TRBMF Rankings

TRBMF Stock Data

11.35M
79.75M
27.12%
1.24%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver