Rhyolite Resources Ltd.

Rhyolite Resources Ltd. has terminated its option to earn an 80% interest in the Brothers property in Suriname. The Company received US$62,000 for agreeing to the termination. The Exploitation License for the Brothers project was scheduled for renewal in December 2022 at which time Rhyolite ceased all expenditures on the property until Property title was secure. The property vendors have now informed Rhyolite that the [...]

Rhyolite Resources Ltd. reports that it has changed its auditor from KPMG LLP, Chartered Professional Accountants, Toronto, Ontario to Davidson & Company LLP, Chartered Professional Accountants, Vancouver, BC . At the request of the Company, the Former Auditor resigned as the auditor of the Corporation effective July 11, 2023 and the Board of Directors of the Corporation appointed the Successor Auditor as the [...]

Rhyolite Resources Ltd. reports that its Chief Financial Officer, Cybill Tsung, has resigned her position to pursue other opportunities effective May 5, 2023. Rhyolite will appoint Mr. Quinn Martin as CFO effective May 5, 2023. In the coming weeks, Ms. Tsung will assist with the transition of duties to Mr. Martin, including the completion of Rhyolite's 2022 annual financial statements. "I would like to thank Cybill, who [...]

Rhyolite Resources Ltd. has terminated its option to earn in a 70% interest in Suku Passi property and its option to earn in a 70% interest in the Bob's Pit property, both in Suriname. Discussions with the property vendors on amending the original agreement to reflect the exploration results to date proved unsuccessful. As a result, Rhyolite has elected to terminate the property agreements and will not be making a total [...]

Rhyolite Resources Ltd. provides the following update on its operational activities. The Company is aggressively taking action to preserve available cash and to focus on identifying new accretive options in order to serve the best interests of shareholders. The exploration data collected from the Suku Passi and Bob's Pit Concession in Suriname are being evaluated ahead of the next option payments due on March 21, 2023 [...]

Rhyolite Resources Ltd. announces the appointment of Richard Graham as Chief Executive Officer and a Director and the resignation of Tony Chedraoui as Chairman of the Board and a Director of the Company. The Company also announces that it had requested a halt in trading of its common shares late in the trading day on February 16, 2023 while it considered proceeding with a private placement. The Company has decided not to [...]

Rhyolite Resources Ltd. announces that the Company has completed the transfer of ownership of its wholly-owned subsidiary, Muckahi Inc. , to Fred Stanford, pursuant to the terms of a mutual separation agreement entered into between the Company and Mr. Stanford and dated effective December 15, 2022. The transfer of ownership follows the resignation of Mr. Stanford as Chief Executive Officer of the Company, and a decision [...]

Rhyolite Resources Ltd. announces that the Company has reached a settlement with Fred Stanford who will resign from his duties as Chief Executive Officer and a director of the Company, effective immediately. This follows the decision by the board of directors of the Company to cease further development of the Muckahi Mining System, including releasing all employees previously retained in the further development of the [...]

Rhyolite Resources Ltd. announces that the board of directors has elected to cease further development of the Muckahi Mining System due to the increasing uncertainty around securing and financing projects that adopt the System. Following the decision, the Company has released all employees previously retained in the further development of the System. This decision aims to preserve the cash of the Company and to focus on [...]

Rhyolite Resources Ltd. is pleased to announce that its inaugural 3,000-metre diamond core drilling program at the Brothers Project in Suriname has identified a gold mineralized shear zone 3.5 km in length. The shear zone is open on strike at both ends and is open down dip. Highlight assay results include 10 metres of 1.8 g/t gold in hole BRDD-001, 6m of 4.6 g/t Au in hole BRDD-004, 8m of 2.4 g/t Au in hole BRDD-009, 1m [...]