Bonterra Resources is pleased to announce that Matthew Houk has joined Bonterra's board of directors as an independent non-executive director, effective immediately. Mr. Houk will serve as a member of the Audit Committee and Technical, Safety and Sustainability Committee of the Board. Following the appointment of Mr. Houk, the Board will now consist of seven directors, four of whom are independent. Since 2008, Mr. Houk [...]
Bonterra Resources is pleased to announce that exploration drilling has started on the newly named Phoenix JV as part of the definitive earn-in and joint venture agreement with Osisko Mining Inc. Under the Agreement, Osisko has the right to acquire up to a 70% interest in the Project by spending $30 million in work expenditures, with a minimum spending commitment of $10 million per year over a three-year period . Osisko [...]
Bonterra Resources is pleased to announce that effective Jan 2, 2024, it granted to certain officers of the Company an aggregate of 750,000 restricted share units of Bonterra. The RSUs are subject to a one-year vesting period from the date of grant in accordance with the Company's Omnibus Equity Incentive Compensation Plan. About Bonterra Resources Inc. Bonterra is a Canadian gold exploration company with a portfolio of [...]
Bonterra Resources is pleased to announce the completion of a high-resolution helicopter-borne gravity survey and the commencement of a ground induced polarization survey at its Desmaraisville North and South Properties. These comprehensive gravity and IP surveys are expected to assist the Company in its 2024 exploration program by generating exploration targets. Bonterra contracted Sander Geophysics Ltd based in Ottawa [...]
Bonterra Resources is pleased to announce the first drill results of its 15,000 meters drill program at its Desmaraisville South project. Three diamond drill rigs have been mobilized on the project and are currently drill-testing several new geological and geophysical targets along with historical near surface gold mineralization along the edges of the O'Brien Syenite Intrusion . Located within three kilometers of the [...]
Bonterra Resources is pleased to report it has recovered and sold 1,346.5 ounces of gold in total, generating gross revenue of C$3.6 million from the Bachelor Mill cleanup process. The costs associated with the sales, which include gold recovery efforts, shipment, royalty payments and refining represent a total of C$0.9 million for a net revenue of C$2.7 million. Marc-André Pelletier, President and CEO, commented [...]
Bonterra Resources is pleased to announce that it has executed a definitive earn-in and joint venture agreement with Osisko Mining, further to the news release of Bonterra dated September 25, 2023 and entitled "Bonterra Announces Binding Letter Agreement for JV with Osisko Mining". Under the Agreement, Osisko has the right to acquire up to a 70% interest in the Company's Gladiator and Barry projects, in addition to the [...]
Bonterra Resources announces that, further to its September 25, 2023 news release regarding the binding letter agreement with Osisko Mining Inc. relating to an exploration earn-in and joint venture agreement on its Urban-Barry property and adjoining Duke and Lac Barry properties, the parties have extended the outside date to enter into a definitive agreement from October 31, 2023 to November 17, 2023, or such other date [...]
Bonterra Resources announces corporate changes to its Board of Directors. Effective immediately, Mr. Akiba Leisman has resigned as director of the Company. The Company would like to express its sincere gratitude to Mr. Leisman for his contributions and dedicated service during his tenure. In addition, Bonterra is pleased to announce the appointment of Paul M. Jacobi as a Director of the Company, effective immediately. Mr [...]
Bonterra Resources is pleased to announce that it has entered into a binding letter agreement with Osisko Mining Inc. for an exploration earn-in and joint venture agreement on its Urban-Barry property, in addition to the adjoining Duke and Lac Barry properties. The Duke property is currently 70% owned by Bonterra and 30% owned by Osisko, and the Lac Barry property is currently 85% owned by Bonterra and 15% owned by [...]
Bonterra Resources is pleased to announce that it has entered into an agreement with Cormark Securities Inc. to act as sole agent in connection with a "best efforts" private placement of a minimum of 17,647,100 units of the Company and a maximum of 29,411,764 Units at a price of $0.17 per Unit for minimum gross proceeds of $3,000,007 and maximum gross proceeds of $5,000,000, pursuant to the listed issuer financing [...]
Bonterra Resources is pleased to report that the Bachelor Mill cleanup process has recovered 630 oz of gold to date generating revenue of CAN$1.6 million. Gold recovery efforts continue at the mill and the Company expects additional revenue in the coming months. Marc-André Pelletier, President and CEO commented: "I would like to thank Bonterra's employees that are diligently working on the Bachelor Mill cleanup [...]
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