Tsodilo Resources Ltd. reports developments in mineral exploration projects in Botswana, including its Gcwihaba Resources project area and the Xaudum Iron Formation project. The company describes itself as an international mineral resource exploration company with a 100% stake in a Gcwihaba project area made up of five metal prospecting licenses for base, precious, platinum group and rare earth metals in Botswana's North-West district.
Recurring updates cover critical minerals and rare earth element work at Gcwihaba, including skarn-hosted mineralization, geophysical and drilling results, mineralogy and geochemistry studies, and research collaborations with universities and applied-science organizations. News also includes non-brokered private placements, stock option grants, and funding uses tied to exploration programs and working capital.
Tsodilo Resources (OTCQB: TSDRF) is continuing a research collaboration with Botswana International University of Science and Technology to test Xaudum Iron Project (XIF) material for pig iron and pellet feed production using local fluxes and coal.
The company supplied 18m of core (hole L9600-11V-250; average 45% Fe magnetite) and will support bulk sampling (two tons per target), construction of an experimental oven and blast furnace, and metallurgical optimisation to assess producing +67% Fe premium magnetite pellet/DRI feed and pig iron.
Tsodilo Resources (OTCQB: TSDRF) announced on November 14, 2025 that it intends to pursue re-domiciliation to the United States.
The company noted its operations are based in the Republic of Botswana and that a vast plurality of its shareholders are non-Canada based. The announcement states intent to pursue re-domiciliation but does not disclose timing, approvals, or specific next steps.
Tsodilo Resources (OTCQB: TSDRF) has successfully completed a non-brokered private placement financing, raising C$310,317 through the issuance of 2,067,581 units at C$0.15 per unit.
Each unit consists of one common share and one purchase warrant, with warrants exercisable at USD$0.15 for 5 years. The securities have a hold period until January 27, 2026. An accelerated expiry clause is triggered if the stock trades at USD$0.30 or higher for 10 consecutive days. Proceeds will fund the Xaudum Iron Formation project, Critical and Rare Earth Metals projects, and working capital needs.
Tsodilo Resources (OTCQB: TSDRF) has received support from the Walvis Bay Corridor Group (WBCG) for its commitment to Namibia's railway infrastructure development. The company plans to utilize the Walvis Bay Corridors to export high-grade iron ore (+67%) with a capacity of over 20 million tonnes per year.
The project involves the rehabilitation of the Walvis Bay-Tsumeb railway line and planned extension from Grootfontein to Katima Mulilo under the Trans-Zambezi Railway initiative. Tsodilo plans to construct a rail link in Botswana connecting via Divundu, supporting Namibia's goal of becoming southern Africa's logistics hub.
WBCG is organizing a stakeholder workshop including Tsodilo Resources, TransNamib, Namport, and relevant ministries from both countries to coordinate supply chain and infrastructure solutions.
Tsodilo Resources (TSXV: TSD) (OTCQB: TSDRF) has appointed Mr. Mosimanegape ('Gape') Mogegeh to its Board of Directors effective February 10, 2025, pending TSX Venture Exchange approval. Mogegeh will also join the boards of Tsodilo's Botswana subsidiaries.
Mogegeh brings over 20 years of experience in financial services, specializing in asset management, private equity, and corporate finance. He founded a leading private equity fund management company in Botswana, managing commitments exceeding BWP 540 million. His experience includes roles at Botswana Development , Deloitte Botswana, and currently serves as Executive Director at Catapult Advisors.
As part of his appointment, Mogegeh has been granted 200,000 stock options at CDN $0.16 per share, valid for five years with vesting in four equal installments between February 2025 and August 2026.
Tsodilo Resources has announced the grant of 400,000 stock options to officers, senior employees, and advisors, effective January 1, 2025. The options are priced at CDN $0.16 per common share and will be valid for five years. The options will vest in four equal installments on January 1, 2025, July 1, 2025, January 1, 2026, and July 1, 2026, following the company's Stock Option Plan and board policy from September 2002.
On June 14, 2024, Tsodilo Resources held its Annual General Meeting (AGM) and announced key decisions. James M. Bruchs, Jonathan R. Kelafant, and Blackie Marole were elected as directors. McGovern Hurley LLP was appointed as the company's auditors. Tsodilo granted stock options allowing ten individuals to purchase a total of 950,000 common shares at CDN$0.23 each. These options vest 25% every six months starting June 17, 2024, and are valid for five years. Additionally, Dr. Gary A. Bojes was appointed Director of Business Development, and Samuel S. McCullough was named Chief Financial Officer, effective July 1, 2024.
Tsodilo Resources (TSX-V:TSD, OTCQB:TSDRF, FSE:TZO) announced its engagement of Red Cloud Securities to provide liquidity services. This agreement, pending regulatory approval, aims to maintain a reasonable market and enhance liquidity for Tsodilo's common shares on the TSX Venture Exchange. Red Cloud, a financial services firm based in Toronto, will receive $5,000 monthly, paid quarterly in advance. The engagement is ongoing but can be terminated by either party with 30 days' notice. The deal is not a formal market making agreement, and no shares or options will be given to Red Cloud as compensation.
On May 6, 2024, Tsodilo Resources closed a non-brokered private placement financing, raising C$283,500 through the issuance of 945,000 Units at C$0.30 per Unit. Each Unit consists of one Common Share and one Warrant, with each Warrant allowing the purchase of one Common Share at US$0.30 within 24 months. The proceeds will be used for the Xaudum Iron Formation project in Botswana and general corporate purposes.