Olive Resource Capital Provides Update on Investments for August 2026
Olive Resource Capital reports higher portfolio and liquid investment values through August 2026, with investments up about 8% in August and 22% for the year.
Rhea-AI Summary
Olive Resource Capital (XTERF) reported an updated investment portfolio value of $23.30 million as of August 31, 2026, up from $16.47 million on December 31, 2025.
The largest positions include Omai Gold Mines, Black Sheep Ventures, Cotec Holdings, Goldsky Resources, GeoPark, Bravo Mining, Ero Copper, Sun Valley Minerals, West Point Gold and Aquitaine Metals. Other public liquid investments and cash equivalents rose from $2.40 million to $5.58 million, while other public fundamental investments were $3.49 million. Management stated that portfolio investments were up approximately 8% in August and approximately 22% for the year, supported by strength in gold, copper and oil equities and an equity offering completed in August 2026. Olive reported no share repurchases under its Normal Course Issuer Bid in August and currently has 136,463,754 common shares outstanding, including 4,046,000 shares held in treasury pending cancellation.
Positive
- Portfolio value increased from $16.47M (Dec 31, 2025) to $23.30M (Aug 31, 2026).
- Liquid investments and cash equivalents grew from $2.40M to $5.58M over the same period.
- Management reports investments up ~8% in August and ~22% for the year.
- Recent equity financing leaves Olive with an above average cash position while remaining net buyers in July and August.
Negative
- The company did not repurchase any common shares under its NCIB during August.
- Olive has 4,046,000 shares held in treasury pending cancellation, so the reduction in effective float is not yet completed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - September 3, 2026) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an update on its investments for the period ending August 31, 2026.
Table 1: Olive's Investment Portfolio
| Name | Ticker | Sector | Category | (Audited) Value | (Unaudited) Value | (Unaudited) Value |
| Dec 31, 2025(1) | Jul 30, 2026(1) | Aug 31, 2026(1) | ||||
| Omai Gold Mines Corp.(2) | OMG.v | Precious Metals | Public Equity | |||
| Black Sheep Ventures Inc. | Private | Real Estate | Private Equity & Conv. Debenture | |||
| Cotec Holdings Corp. | CTH.v | Mining Technology | Public Equity & Conv. Debenture | |||
| Goldsky Resources Corp. (inc. Warrants) | GSKR.v | Precious Metals | Public Equity | |||
| GeoPark Ltd. | GPRK | Oil & Gas | Public Equity | |||
| Bravo Mining Corp. | BRVO.v | Precious Metals | Public Equity | |||
| ERO Copper Corp. | ERO | Base Metals | Public Equity | |||
| Sun Valley Minerals Inc.(2) | Private | Precious Metals | Private Equity | |||
| West Point Gold Corp.(2) | WPG.v | Precious Metals | Public Equity | |||
| Aquitaine Metals Corp. | Private | Precious Metals | Private Equity | |||
| Other Public Equity Liquid Investments and Cash Equivalents (3) | ||||||
| Other Public Equity Fundamental Investments Incl. Warrants (4) | ||||||
| Other Private Equity, Loans, & Conv. Debenture Investments | ||||||
| Total | ||||||
- For publicly listed investments traded on recognized exchanges, valuation is based on closing trading prices. For private equity investments, valuation is per the most recent financial statements. For Convertible Debentures, valuation is per the most recent financial statements, adjusted for interest accruals and convertibility value.
- Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer (Omai; West Point). Samuel Pelaez, CEO of Olive Resource Capital is a Director of this issuer (Sun Valley).
- Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security. This measure also includes cash and cash equivalents; but does not include adjustments for working capital and liabilities. Olive invites the reader to refer to its most recent financial statements available on its website; www.olive-resource.com for details on the Company's liabilities.
- Out of the Money Warrants are valued using Black Scholes with
35% volatility, and3% interest rate. In the Money Warrants are valued at their intrinsic value. - The increase in value from December 31, 2025 is primarily as a result of stock price appreciation of the investments, and to an equity offering conducted in August 2026 - For details please refer to the Company's press release dated August 17, 2026.
Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "August was an excellent month for the natural resource complex. Gold, copper, and oil posted strong advances for the month. However, the action was in the equities, which amply outperformed their commodity references. These results can be partly attributed to the U.S. dollar index and volatility references declining, as investors reacted to U.S. officials' actions to suppress long term yields. At Olive we continue to be active in deploying capital in companies we consider having near-term tangible catalysts."
Derek Macpherson, the Company's Executive Chairman stated: "August was another strong month for Olive's investment portfolio, with investments up approximately
Normal Course Issuer Bid ("NCIB")
During the month of August, the Company did not repurchase common shares pursuant to the NCIB. As of the date of this release, the Company holds 4,046,000 common shares in treasury pending cancellation.
As of the date of this release Olive Resource Capital Inc. has 136,463,754 common shares outstanding inclusive of the shares in treasury pending cancellation.
About Olive Resource Capital Inc.:
Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The Company's assets consist primarily of investments in natural resource companies in all stages of development.
For further information, please contact:
Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive's website is located at www.olive-resource.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.
Cautionary Note Regarding Forward-Looking Statements: This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should", "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive's intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company's public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.
This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/312770