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. explores precious-metal and copper opportunities in Europe, with recent company updates centered on project generation, mineral licenses and corporate transactions. News releases describe exploration work in northern Greece, including the Miriofito exploration license, and broader updates on the company’s mineral-asset portfolio.
Recurring announcements also cover shareholder meetings, approvals of stock-option plans, option grants, warrant exercises, restricted cash arrangements and amendments to investment agreements. The company’s updates reflect the financing, governance and capital-structure matters common to a public mineral explorer quoted on the OTCQB under VLCJF and listed on the TSX Venture Exchange under VLC.
Velocity Minerals Ltd. has exercised its option to acquire a 70% interest in the Momchil property, including the Obichnik gold project, from Gorubso-Kardzhali AD. This is part of the company's strategy to expand its gold exploration efforts in Bulgaria. An initial estimate suggests the Obichnik deposit contains 4.4 million tonnes grading 1.1 g/t gold, amounting to 156,000 ounces. Shareholders have passed all resolutions at the recent annual general meeting, re-electing directors and approving a stock option plan. The company continues to make advancements in its mineral resource reporting and project development.
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.