Welcome to our dedicated page for Green River news (Ticker: CCRRF), a resource for investors and traders seeking the latest updates and insights on Green River stock.
About Green River Gold Corp. (CSE: CCR, OTC Pink: CCRRF)
Green River Gold Corp. is a dynamic Canadian mineral exploration and development company headquartered in Edmonton, Alberta. With a strategic focus on sustainable resource development, the company operates a diverse portfolio of mining projects across British Columbia, targeting both critical minerals and precious metals. Its wholly-owned properties include the Fontaine Gold Project, the Quesnel Nickel/Magnesium/Talc Project, and the Kymar Silver Project, all located in renowned mining districts with significant geological potential.
Core Business Areas
Green River Gold Corp.’s operations are centered around three main pillars:
- Critical Minerals Exploration: The Quesnel Nickel Project focuses on nickel, magnesium, cobalt, and talc, essential materials for modern industries such as electric vehicles and renewable energy.
- Precious Metals Exploration: The Fontaine Gold Project and Kymar Silver Project target gold and silver deposits in mineral-rich regions, leveraging proximity to established mining operations like Osisko Development Corp.’s Cariboo Gold Project.
- Placer Gold Mining: The company operates placer mining claims along the Swift River in the Cariboo Mining District, generating immediate cash flow while supporting its broader exploration initiatives.
Strategic Initiatives
Green River Gold Corp. employs a multi-faceted strategy to create long-term value:
- Exploration and Resource Development: The company is advancing its Quesnel Nickel Project through infill drilling, bulk sampling, and metallurgical testing to establish an NI 43-101 compliant resource estimate.
- Cash Flow Optimization: By leveraging high gold prices, Green River’s placer mining operations aim to achieve self-sustaining cash flow, reducing reliance on external funding for exploration.
- Diversification: In 2025, the company plans to enter the real estate development sector in Alberta, focusing on multi-family residential units to further enhance revenue streams.
Competitive Positioning
Green River Gold Corp. stands out in the mining industry through its diverse asset base and integrated approach. Its affiliation with Gold Rush Supplies Inc. provides operational efficiencies for placer mining, while its projects’ proximity to established mining operations enhances their strategic value. By balancing short-term cash flow from placer mining with long-term exploration goals, the company mitigates risks associated with market volatility and funding challenges.
Commitment to Sustainability
Sustainability is a core tenet of Green River Gold Corp.’s operations. The company adheres to rigorous environmental standards and employs industry best practices to minimize its ecological footprint. Its focus on critical minerals aligns with global efforts to transition to a low-carbon economy.
Future Outlook
With a strong portfolio of critical minerals and precious metals projects, Green River Gold Corp. is well-positioned to capitalize on growing demand for these resources. Its innovative diversification into real estate further underscores its commitment to creating value for shareholders while navigating the complexities of the mining sector.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has provided a bi-weekly default status report regarding its Management Cease Trade Order (MCTO) granted by the Alberta Securities Commission on February 6, 2025. The company was unable to file its annual financial statements, CEO and CFO certifications, and management discussion & analysis for the year ended September 30, 2024, by the January 28, 2025 deadline.
The company confirms that no material changes have occurred since the MCTO Notice, and they are working with auditors to complete the audit. Directors, officers, and insiders are restricted from trading company securities until the Annual Filings are completed. Green River Gold Corp. expects to file the required documents by the stipulated deadline of March 28, 2025.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has requested a temporary Management Cease Trade Order (MCTO) from the Alberta Securities Commission due to delays in filing its annual financial statements for the year ended September 30, 2024. The delay is attributed to increased business complexity from expansion into placer mining operations and the CEO's health issues, which affected the completion of a $900,000 convertible debenture financing and delayed audit fee payments.
The company expects to close the financing around February 11, 2025, and anticipates completing the audit within 6-8 weeks thereafter. The Annual Filings were originally due by January 28, 2025, but the company now aims to file by March 28, 2025. During this period, management and insiders are subject to a trading black-out. The company confirms no undisclosed material information since its last interim financial report filed on August 29, 2024.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has requested a temporary Management Cease Trade Order (MCTO) from the Alberta Securities Commission (ASC) regarding the delayed filing of its annual financial statements for the year ended September 30, 2024. The delay is attributed to increased complexity in financial statements due to the company's expansion into a new line of business.
The required Annual Filings deadline is January 29, 2025, but the company expects to complete them by March 28, 2025. The MCTO would prohibit management from trading company securities until the Annual Filings are completed. During this period, management and insiders are subject to a trading black-out. The company will follow alternative information guidelines as required by National Policy 12-203.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has announced its expansion into real estate development, focusing on the Edmonton and Northern Alberta region starting in early 2025. The company plans to invest primarily in multi-family residential units, including new building projects, while maintaining its core business of mineral exploration in British Columbia.
The company has signed a letter of intent to collaborate with an experienced Edmonton-based developer and rental property manager, with a final agreement expected by February 15, 2025. The initiative aims to generate cash flow and reduce reliance on capital markets for funding exploration.
The company plans to focus on building 8-plex multi-unit rental properties for resale in established neighborhoods, leveraging new zoning bylaws effective from 2024. Green River is also expecting to close on its previously announced $900,000 convertible debenture offering in the coming days.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has announced drilling results from its Quesnel Nickel Project in British Columbia. Three drill holes (WK-24-01, WK-24-02, and WK-24-03) showed consistent nickel mineralization, with average grades ranging from 0.171% to 0.189%. The fourth hole, DH-24-01, revealed notable gold mineralization, with the highest grade reaching 0.761 grams per tonne.
The company completed four drill holes for the 2024 season, with three using a portable Winkie drill rig and one using a standard-sized diamond drill rig. The drilling program confirmed significant concentrations of nickel, cobalt, chromium, and magnesium starting from the surface. The company plans a 6,000-meter drilling campaign with 20 planned NQ diamond drill holes for future exploration.
Green River Gold Corp. (CSE: CCR) (OTC Pink: CCRRF) has announced two key financial moves:
1. Launch of Convertible Debenture Offering: The company plans to raise up to CAD$900,000 through a non-brokered private placement of convertible debentures. These debentures will mature in 5 years, bear 11% annual interest, and be convertible to common shares at $0.06 per share.
2. Closure of Flow-Through Share Offering: Green River has completed its previously announced private placement, issuing 3,584,819 units at $0.055 per unit, raising CAD$197,165.05. Each unit includes one flow-through share and half a warrant exercisable at $0.08 for four years.
The company plans to use the proceeds for drilling, exploration, expanding placer mining operations, and working capital.
Green River Gold Corp (CSE: CCR) (OTC Pink: CCRRF) has made significant progress since starting mining operations at its Wabi Placer Mining Project in late June 2024. The company has reported promising results, leading to strategic decisions to enhance production capabilities. Key developments include:
1. Doubling throughput by adding more mining equipment
2. Plans for further expansion of production in the future
3. Intention to add additional placer mining operations to increase cash flow
These initiatives demonstrate Green River Gold's commitment to growth and optimizing its mining operations, potentially leading to improved financial performance and shareholder value.
Green River Gold Corp. has begun placer gold mining on its fully permitted Wabi claim, located on the Swift River. This marks a significant step towards the company's goal of generating self-sustaining cash flow from operations. All necessary equipment is in place and operational. The Wabi claim is fully owned by Green River Gold and is situated 45 minutes from its field headquarters in Quesnel, British Columbia. This operation aims to provide immediate cash flow, supporting the company's exploration of longer-term projects, including the Quesnel Nickel critical minerals project and the Fontaine Gold and Kymar Silver precious metals projects. Drilling on the Quesnel Nickel Project will commence soon. The Swift River project includes 1,112 hectares of placer mining claims.
Green River Gold Corp. (CSE: CCR, OTC Pink: CCRRF) announced the final closing of its non-brokered private placement, issuing 3,940,000 units at $0.05 each, raising CAD$197,000. Each unit includes one common share and one warrant, exercisable at $0.06 for five years, with possible acceleration if the share price exceeds $0.15 for ten consecutive days. The funds are intended for exploration, working capital, and corporate purposes. Additionally, the company launched a new private placement aiming to raise up to $550,000 through the issuance of 10,000,000 flow-through shares and warrants, with proceeds directed towards exploration drilling at the Quesnel Nickel Project.
FAQ
What is the current stock price of Green River (CCRRF)?
What is the market cap of Green River (CCRRF)?
What does Green River Gold Corp. do?
What are Green River Gold Corp.'s key projects?
How does Green River Gold Corp. generate revenue?
What is the significance of the Quesnel Nickel Project?
Why is Green River Gold Corp. entering the real estate market?
What makes Green River Gold Corp. unique?
Where are Green River Gold Corp.’s operations located?
How does Green River Gold Corp. address sustainability?
What are Green River Gold Corp.’s growth strategies?
What industries does Green River Gold Corp. serve?
