Condor Resources Inc. is pleased to announce that its Peruvian subsidiary, Condor Exploration Perú S.A.C. , has entered into a non-binding Letter of Intent with a Peruvian company to sell a 100% interest in the Company's Soledad project, located in Ancash, Peru. Under the terms of the LOI, Condor Peru will grant Purchaser an exclusive option to acquire the three mineral concessions comprising the Soledad project over a [...]
Condor Resources Inc. announces that further to its news release dated April 15, 2024, Condor has granted 2,000,000 performance share units to a holding company controlled by Mr. Chris Buncic, the Company's President and CEO, pursuant to the Company's Omnibus Equity Incentive Plan . Such PSUs will vest over a period of time beginning on the date of grant and ending on April 10, 2027 , subject to the achievement of certain [...]
Condor Resources Inc. is pleased to announce that the Declaración de Impacto Ambiental for its Cobreorco project has been approved by the Peruvian Ministry of Energy and Mines . The DIA approval marks a key milestone in advancing the Cobreorco project, which is currently being progressed through the permitting process by a subsidiary of Teck Resources Ltd. . Condor stands to benefit meaningfully from any exploration [...]
Condor Resources Inc. is pleased to announce that it has completed its previously announced non-brokered private placement . The Offering received conditional approval from the TSX Venture Exchange on April 15, 2025. On May 8, 2025, under the Offering, the Company issued an aggregate of 8,758,333 units of the Company at a price of C$0.12 per Unit for aggregate gross proceeds of $1,051,000, of which 4,165,499 Units were [...]
Condor Resources Inc. is pleased to announce that Crescat Capital LLC , a strategic institutional shareholder of Condor, will participate in the Company's LIFE Offering Private Placement of up to $1.5 million announced in Condor's April 14, 2025 news release. Crescat will subscribe for $500,000 of the private placement through Crescat Portfolio Management LLC on behalf of its Pooled Investment Funds. Additional insiders [...]
Condor Resources Inc. is pleased to announce a non-brokered private placement of up to 12,500,000 units of the Company at a price of $0.12 per Unit for gross proceeds of up to $1,500,000 pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions . Each Unit will consist of one common share of the Company and one-half of one non-transferable common share purchase [...]
Drilling programs at Huinac Punta and Pucamayo planned for Spring 2025 to advance our two priority exploration projects Condor Resources Inc. is pleased to provide an update on its exploration activities in Peru and ongoing discussions on other projects. With continued delays with the Pucamayo South East DIA application, the Company is shifting its focus to drill programs at Huinac Punta and Pucamayo East, which are both [...]
Condor Resources Inc. is pleased to provide a corporate update and management's outlook for the remainder of 2025. Chris Buncic, President and CEO, commented: "We expect 2025 to be a defining year for Condor. We are advancing two highly prospective precious metals projects-Pucamayo and Huinac Punta-both of which have the potential to scale to a size that could attract the interest of major mining companies. Significant [...]
Highlights: Historical drilling, geochemical and geophysical data recently obtained from a major mining company that previously controlled the Rio Bravo project confirms intersections of significant porphyry copper and molybdenum mineralization associated with a largely untested target. Three historical drill holes completed in 2012 encountered 200+ m intercepts of mineralization: DDH-01 intersected 220 m grading 0.32% Cu [...]
Condor Resources Inc. is pleased to announce that it has reached an agreement with Element79 Gold Corp. to restructure the December 2024 payment obligation related to the Lucero Project in Chachas, Arequipa, Peru. Under the agreed terms, the US$1,000,000 payment originally due in December 2024 has been restructured as follows: The payment is increased to US$1,100,000 and is due on or before June 30, 2025. As security for [...]
Condor Resources Inc. is pleased to announce the voting results of the Company's 2024 Annual General and Special Shareholders' Meeting held on December 11, 2024 at 10am PST, in Vancouver, British Columbia. A total of 32,169,685 common shares were voted at the Meeting, representing 22.79% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting [...]
Condor Resources Inc. is pleased to announce a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.15 per Unit for gross proceeds of up to $1,500,000 pursuant to the Listed Issuer Financing Exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions . Each Unit will consist of one common share of the Company and one-half of one non-transferable common share purchase [...]