Roxmore Resources Stock Price, News & Analysis
Company Description
AXCAP VENTURES INC, now known as Roxmore Resources Inc. in its most recent news releases, is associated with the OTC symbol GARLF. According to company disclosures, Axcap has described itself as an investment company whose primary objective is to identify promising investments with a focus on acquiring gold projects in North America. Over time, Axcap has also emphasized a focus on consolidating neglected gold resources in the USA and Canada and on advancing the Converse Gold Project in Nevada, USA.
In later disclosures, the business has been presented under the name Roxmore Resources Inc. (formerly, Axcap Ventures Inc.). Roxmore states that it is focused on developing its flagship Converse Gold Project, described as a large, underdeveloped gold deposit in Nevada, USA that is not owned by a major mining company. The Converse Gold Project is located within the Battle Mountain trend in Nevada and is supported by a technical report titled "Amended and Restated NI 43-101 Technical Report and Mineral Resource Update, Converse Property, Humboldt County, Nevada, USA" with an effective date of February 13, 2025.
Business focus and projects
Axcap has stated that it looks for projects with established resources and material expansion potential, using management experience in deal sourcing, operations and capital raising. In several news releases, Axcap explains that it aims to consolidate neglected resources in the USA and Canada that it believes are constrained by drilling rather than geology, with the goal of delivering a portfolio of development-ready gold resources into a future gold cycle.
The company has highlighted the Converse Gold Project as a core asset. Disclosures describe Converse as hosting a large open-pit style mineral resource in Nevada, with Measured, Indicated and Inferred mineral resources summarized in the NI 43-101 technical report referenced in the company’s news. Axcap’s exploration updates refer to drill programs at Converse, including confirmation of modelled near-surface gold mineralization and identification of higher-grade zones at depth, as well as geological features such as the Havallah Sequence, Antler Peak Formation and the Golconda Thrust within the project area.
Corporate evolution and name change
According to a joint news release by Axcap and Taura Gold Inc., Axcap implemented a share consolidation and a corporate name change to Roxmore Resources Inc. The release states that Axcap set post-market close on November 19, 2025 as the effective date of a 10:1 consolidation of its common shares and a change of its corporate name to "Roxmore Resources Inc.". It further notes that the common shares of Roxmore would commence trading on the Canadian Securities Exchange under the new trading symbol "RM" at the opening of trading on November 20, 2025.
A subsequent news release states that Roxmore Resources Inc. (formerly, Axcap Ventures Inc.) trades on the OTCQX Best Market in the United States under the symbol GARLF, and that its common shares continue to trade on the Canadian Securities Exchange. This situates GARLF as the U.S. market symbol associated with Roxmore following the Axcap name change and consolidation.
Transactions and corporate structure
In connection with its evolution, Axcap/Roxmore has been involved in a plan of arrangement with Taura Gold Inc.. A news release explains that Roxmore Resources Inc. (formerly, Axcap Ventures Inc.) and Taura Gold completed a court-approved plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Roxmore acquired all of the issued and outstanding common shares of Taura. Following completion of this arrangement, Taura became a wholly owned subsidiary of Roxmore. Another release notes that Taura is focused on gold exploration in Canada and is actively exploring the Shabu Project in the Red Lake District of Northwestern Ontario.
Axcap has also reported entering into various marketing, investor relations and consulting agreements with multiple third-party firms to provide digital marketing, advertising, consulting, and media services. These agreements are described in detail in a company news release and include specified cash fees and fixed terms, with the company noting that it would not issue securities or options as compensation under those agreements.
Exploration and technical work at Converse
Several Axcap news releases provide detailed technical information about exploration at the Converse Project. The company has reported:
- A 5,500-meter drill program at Converse, with initial holes confirming modelled near-surface gold mineralization and intersecting new higher-grade zones at depth.
- Drill hole CV25-001C, which intersected intervals of gold mineralization, including a zone described as a potentially new higher-grade area below the current resource shell.
- Drill hole CV25-002C, which intersected the Antler Peak Formation below the Golconda Thrust, described as a favorable host rock sequence associated with several large gold systems in Nevada.
- Quality assurance and quality control procedures for drill core handling, sampling, and assaying, including use of ALS Global laboratories and OREAS standards, and verification by a Qualified Person under National Instrument 43-101.
Axcap has also announced the engagement of a Preliminary Economic Assessment (PEA) on the Converse Gold Project. The company describes this PEA as the first comprehensive economic study on Converse in over a decade, with a scope that includes updated resource modelling, mine plan optimization, assessments of heap leach recovery and metallurgical trade-offs, and economic modelling at multiple gold price scenarios.
Capital markets and shareholder matters
Company news releases describe several capital markets and governance-related steps, including:
- Shareholders entering into voluntary pooling agreements that restrict the sale of a significant number of common shares issued in a prior private placement, with staged release schedules over multiple months.
- Implementation of a minimum share ownership policy for members of the board of directors and senior executives, requiring specified minimum ownership levels of company shares, including unvested share units, relative to base salary.
- Extensions of milestone payment deadlines under agreements related to the Converse Project, with consideration paid in the form of company shares.
- Upgrading trading of the company’s shares in the United States from OTC PINK to the OTCQX Best Market, as disclosed in the Roxmore Resources release.
Status of GARLF and issuer identity
Based on the available news, the OTC symbol GARLF has been used in company disclosures in connection with Axcap Ventures Inc. and later in connection with Roxmore Resources Inc. (formerly Axcap Ventures Inc.). A news release dated December 19, 2025 explicitly states that Roxmore Resources Inc. (formerly, Axcap Ventures Inc.) has begun trading on the OTCQX Best Market under the symbol GARLF, while continuing to trade on the Canadian Securities Exchange.
Investors researching GARLF are therefore looking at the historical and ongoing activities of the issuer that was previously referred to as Axcap Ventures Inc. and is later referred to as Roxmore Resources Inc., with a stated focus on the Converse Gold Project in Nevada and, through its subsidiary Taura Gold Inc., gold exploration in Canada.