Welcome to our dedicated page for Velocity Mineral news (Ticker: VLCJF), a resource for investors and traders seeking the latest updates and insights on Velocity Mineral stock.
Velocity Minerals Ltd. (VLCJF) generates a steady stream of news related to precious metals and copper exploration in Eastern Europe, corporate transactions and shareholder approvals. Company releases provide detailed updates on its gold, silver and copper projects in Bulgaria and northern Greece, as well as on agreements with partners and investors.
Recent news has focused on the sale of Velocity’s Bulgarian assets, including its 70% interest in the prefeasibility-stage Rozino gold project and other Bulgarian mineral property interests, to Türker Global Madencilik Sanayi ve Ticaret A.Ş. Updates describe the definitive agreement, payment structure, shareholder approval of the transaction, and the initial tranche payment received. The company also reports on related arrangements such as a standby letter of credit benefiting its Bulgarian partner Gorubso-Kardzhali AD and a funding and technical services agreement under which Türker Mining finances work to keep the assets in good standing and advance feasibility and environmental studies.
News items also cover exploration and project generation activities, including the granting of the Miriofito copper-gold exploration license in northern Greece and planned work programs involving mapping, sampling and geophysical surveys. Additional releases describe the option agreement for the Toledo gold-silver property in Western Bulgaria, outlining historical exploration data, the historical mineral resource estimate treated as such by Velocity, and the staged cash payments required to exercise the option.
Investors following VLCJF can use this page to review transaction milestones, exploration updates, option agreements, governance decisions and strategic investment developments, including amendments to the investment agreement with Artemis Gold Inc. and the results of annual and special shareholder meetings. Bookmark this news feed to track how Velocity’s exploration portfolio and corporate structure evolve over time.
Velocity Minerals Ltd. has filed an independent Prefeasibility Study (PFS) Technical Report for its Rozino gold project in Bulgaria. The PFS indicates a viable economic open-pit mining operation, showing an after-tax NPV of CAD$163 million and IRR of 27.4% based on a gold price of $1,500/oz. The project boasts a probable mineral reserve of 465,000 ounces and an all-in sustaining cost of $755/oz. It also highlights low environmental risk with non-hazardous waste. Further exploration opportunities exist due to the deposit's open nature.