Buscar Co Stock Price, News & Analysis

Buscar Company (OTC: CGLD) has acquired a 50% stake in Terramer, Inc. through a stock swap transaction. Terramer is known for developing TERBO-1000, a hemp-based bioplastic that biodegrades within 180 days without leaving microplastic residue.

Terramer operates a 350,000 sq. ft. facility capable of producing 300 million pounds annually. The company has secured $6.8 million in purchase orders and over $80 million in LOIs from major household brands. The partnership aims to accelerate TERBO-1000's development and commercialization across packaging, food service, automotive, and construction industries.

The deal structure involves Buscar issuing shares to Terramer stakeholders for the 50% equity position, preserving cash while aligning both companies' interests. This acquisition complements Buscar's portfolio, which has recently benefited from a 70% surge in gold prices affecting its mining assets.

Buscar Company (OTC: CGLD) announced an exclusive agreement to acquire APTG, Inc., a prominent green energy technology firm, as part of its strategic shift toward sustainable energy. The acquisition is aimed at integrating innovative solutions in energy generation and green hydrogen production utilizing concentrated solar power. CEO Vadim Gurman highlighted their advanced technology for creating a solar concentrator system capable of producing both electricity and green hydrogen, while President Jose Kreidler emphasized the importance of green hydrogen in the global energy transition.

Buscar Company (OTC: CGLD) is selling its subsidiary Gold Mining LLC for $3.5 million, which possesses 30 unpatented claims covering 600 acres in Plumas County. These claims were identified via analysis by the US Geological Survey and backed by a geological report from Strategic Metals, confirming significant mineral content, including approximately 6.45 ounces of gold and 22.5 ounces of silver per ton. The area is historically rich in gold, enhancing its exploration potential. The company holds a total of 1,860 acres of claims in Northern California.

Buscar Company (OTC: CGLD) has appointed Jose Kreidler as its new President and Board member. With over two decades of management and investment banking experience, Kreidler aims to enhance the company’s focus on acquiring mining projects through mergers and acquisitions. As President, he will also lead the communication strategy, serving as the primary contact for shareholders and investors. Buscar Company operates ten gold mining claims in Plumas County, California, and has recently acquired an additional thirty claims.

Buscar Company (OTC: CGLD) has appointed Daniel McGill as its new Chief Operating Officer. McGill, who has over 40 years of experience in mining, will oversee daily operations and regulatory interactions. His extensive background includes 20 years as the general manager of Ward Enterprises. McGill co-founded Strategic Metals Consulting, utilizing advanced technology for mineral exploration. He replaces Thomas Heathman, who resigned due to health issues. The company holds rights to ten mining claims in California and has recently acquired thirty more in the Bucks Lake region.

Buscar Company has significantly expanded its mineral claims by over 800%, increasing its total to approximately 2,000 acres across California and Nevada. The company has initiated mining operations in Nevada by staking an additional 10 claims, aimed at exploring over 4,000 acres in the state's productive mining region. Following initial soil sampling showing 16 grams per ton of gold, Buscar is optimistic about the area's potential for gold and silver production. The company's strategic focus includes acquiring additional lithium projects to further diversify its portfolio.

Buscar Company (OTC PINK: CGLD) announced progress in finalizing its Plan of Operations in June 2022, focusing on compliance with the California Regional Water Quality Control Board (RWQCB). The company has contracted VESTRA Resources, Inc. to address concerns raised by the RWQCB, and the revised plan was submitted on June 27th, 2022. Following approval, this will facilitate further steps towards the Plan of Operations approval by the US Forest Service. The company owns ten gold mining claims in Plumas County and has recently acquired thirty additional claims in Northern California.

Buscar Company, Inc. (OTC PINK: CGLD) has announced a Certificate of Amendment, changing the effective date of its proposed 3 1/2 to 1 forward stock split to September 1, 2022. This adjustment awaits approval from FINRA, which has been informed of the amendment. The company operates in the mining sector, holding ten gold mining claims in Treasure Canyon, Plumas County, California, and acquiring thirty additional claims in the Bucks Lake area, totaling 800 acres of unpatented claims in Plumas National Forest.

Buscar Company, Inc. (OTC-PINK: CGLD) announced a significant commitment from JV Partner Mars Mines Limited, pledging $500,000 for the Treasure Canyon project. Company President Thomas Heathman emphasized this investment demonstrates confidence in the project's success. Following a recently completed ten-year Production Agreement, the company aims to leverage the resources and expertise of Mars Mines to advance mining operations. Buscar also holds rights to 800 acres of mining claims in California, including newly acquired claims in the Bucks Lake area.