Welcome to our dedicated page for Torq Resources news (Ticker: TRBMF), a resource for investors and traders seeking the latest updates and insights on Torq Resources stock.
Torq Resources Inc. (TRBMF) is a Vancouver-based copper and gold exploration company with a portfolio of holdings in Chile, and its news flow is closely tied to exploration progress and corporate developments. The company’s releases emphasize work at the Santa Cecilia gold-copper porphyry project in the Maricunga belt of Chile’s Atacama region, where Torq reports multiple drill campaigns and discoveries at targets such as Gemelos Norte and Pircas Norte.
News updates frequently cover drill program milestones, including the number of holes completed, total meters drilled, and technical interpretations of gold-copper mineralization across the property. Torq has reported that mineralization at Santa Cecilia extends for several kilometres and that recent drilling has confirmed new porphyry complexes and extended known mineralized zones.
Another recurring theme in Torq’s news is its earn-in option arrangement with an affiliate of Gold Fields Limited on the Santa Cecilia project. Releases describe Gold Fields’ funding of drilling, the vesting of an initial interest in the project, and the decision to proceed to a second stage of the earn-in with additional planned spending on diamond drilling and property payments.
Investors following Torq’s news can also expect updates on financing transactions, such as private placements, debt settlements, and credit facility extensions, as well as corporate announcements including project rationalization decisions like the termination of the Margarita project option and the retention of the La Cototuda concession. Coverage may also include investor relations initiatives and conference presentations featuring company leadership.
This news page aggregates these exploration, financing, and corporate updates so readers can track how Torq’s Chilean copper and gold exploration strategy is evolving over time.
Torq Resources has announced management changes, appointing Shawn Wallace as CEO and Michael Kosowan as Vice President of Capital Markets. Wallace will continue as Chair of the Board. The company is also creating a new position, Lead Independent Director, filled by Steve Cook. In addition, Tracy George, Corporate Secretary, has been granted 25,000 options. This reorganization aims to enhance executive involvement and support capital market development.
Torq Resources Inc. (OTCQX: TRBMF) announced plans for a follow-up drill program at its Margarita IOCG project in Chile, following a significant discovery in drill hole 22MAR-013R, which intersected 90m of 0.94% copper and 0.84 g/t gold. The program will consist of approximately 4,000m of reverse circulation drilling, focusing on a 1km strike length along the Falla 13 structure. Scheduled to begin in June, road and drill pad construction is underway. Executive Chair Shawn Wallace emphasizes the potential for a world-class discovery.
Torq Resources announced a significant discovery of a new copper and gold sulfide system at its Margarita project in Chile, following a 4,075 m drill program. Drill hole 22MAR-013R revealed 90 m of 0.94% copper and 0.84 g/t gold between 50 m and 140 m depth. The results validate the company’s exploration strategy and suggest substantial IOCG discovery potential. The company is planning a follow-up drilling phase and has expanded its land position by acquiring an additional 200 hectares to enhance exploration prospects.
Torq Resources Inc. (OTCQX:TRBMF) has successfully completed a non-brokered private placement, increasing its total from C$5 million to C$5.28 million. The company issued 7,033,400 equity units at an offering price of $0.75 per unit. Proceeds will fund exploration in Chile, ongoing project costs, and general working capital. The placement is subject to approval from the TSX Venture Exchange. Torq Resources is recognized for its responsible practices in the copper and gold exploration sector in Chile.
Torq Resources Inc. (OTCQX: TRBMF) has successfully completed a C$4.5 million first tranche of its non-brokered private placement, aimed at raising a total of $5 million. The proceeds will be directed towards exploration projects in Chile, covering ongoing costs and general working capital. Executive Chair Shawn Wallace expressed gratitude to shareholders for their support and indicated plans to advance the Santa Cecilia gold-copper project to drill stage soon. The company emphasizes responsible practices in its exploration efforts in prominent mining belts.
Torq Resources Inc. (OTCQX: TRBMF) announced an amendment to its previously disclosed C$5M non-brokered private placement. The new financing terms include a unit priced at $0.75, comprising a common share and a three-year share purchase warrant, exercisable at $1.10. If the common shares trade above $1.75 for 20 consecutive trading days after the first 12 months, the warrant will face an accelerated expiry. All other terms remain unchanged from the initial offering.
Torq Resources Inc. (OTCQX:TRBMF) announced a non-brokered private placement aiming to raise up to C$5 million through the sale of 6,666,667 shares at C$0.75 each. The funds will support exploration in Chile, cover ongoing project expenses, and provide general working capital. The placement is set for completion in multiple tranches, pending approvals. The shares will be sold to accredited investors, subject to a four-month hold period in Canada. This offering underscores Torq's commitment to responsible exploration in its prime Chilean assets.
Torq Resources (OTCQX:TRBMF) has provided an update on its Santa Cecilia gold-copper project in Chile's Maricunga belt. The technical team identified multiple porphyry intrusions and potential high-grade targets over a 10 square km hydrothermal alteration area following an evaluation of historical drill core. Drilling will commence in Q2 2022, focusing on existing drill pads. Previous drilling identified significant copper equivalent mineralization, with results of up to 925.7 m of 0.45% CuEq. The Company emphasizes strong community engagement as part of its operational strategy.
Torq Resources Inc. (OTCQX:TRBMF) appointed Marie-Hélène Turgeon as Director, transitioning from a Board observer and advisor role. Turgeon, an ESG expert with extensive Latin America experience, replaces Ivan Bebek, who retired from his Director role due to over-boarding conflicts but remains on as an advisor. Additionally, Antonio Arribas has been appointed as a Board advisor, bringing over 20 years of mineral exploration experience. The company also issued incentive share options for 115,000 common shares at C$0.86, expiring in five years.
Torq Resources (TSX-V: TORQ, OTCQX: TRBMF) will present live at the Critical and Precious Metals Conference on November 10, 2021, at 7:30 AM PT / 10:30 AM ET. Executives Shawn Wallace and Michael Henrichsen will engage with investors in real-time, addressing questions during the session. The presentation will focus on the Company’s recent projects in Chile, including the Santa Cecilia gold-copper project and the Margarita drilling operations. An archived webcast will be available post-event. Pre-registration is recommended for streamlined participation.