Entree Resources (ERLFF) Stock News

Entrée Resources (OTCQB:ERLFF) reported a March 25, 2026 non-binding proposal to Mongolia to transfer the Shivee Tolgoi and Javkhlant JV licenses to OT LLC and to replace a 34% state equity stake with a negotiated royalty. The company also released drill results including UGD951: 124m @ 3.41% CuEq and UGD952A: 42.4m @ 1.32% CuEq, plus regional holes EGD198 and EGD199 with extensive copper and Mo intervals. Many assays remain pending; Entrée says it will continue discussions with Mongolian authorities, Rio Tinto and OT LLC.

Entrée Resources (OTCQB: ERLFF) filed 2025 annual results on March 5, 2026, reporting a 2025 operating loss of $4.2M versus $4.8M in 2024 and a year-end cash balance of $4.3M with working capital of $4.2M. The company highlighted a 2025 Entrée/Oyu Tolgoi JV in-fill drilling program and an arbitration Award ruling in Entrée's favour requiring licence transfer steps.

Key near-term risks include delays from Mongolian tax authority processes, active government oversight of the Oyu Tolgoi Strategic Deposit, a March 2026 court hearing on tax valuation, and potential State interest adjustments that could affect licence transfer timing and project development.

Entrée Resources (OTCQB:ERLFF) provided an update on the Entrée/Oyu Tolgoi joint venture license matters for the Shivee Tolgoi and Javkhlant licences held by Entrée LLC.

The Mongolian Parliament established a Temporary Oversight Committee (Resolution No. 62) that held public hearings in December 2025 and on Dec 19, 2025 reported draft findings returned to the Standing Committee on Economics for further review. The company attended the hearings and submitted requested documentation.

The Prime Minister established a Government Working Group (Order No. 73, Aug 22, 2025) to negotiate State interest; Entrée met the group on Dec 10, 2025 and negotiations are expected to begin shortly. OT LLC holds an 80% (or 70% depending on depth) economic interest and exclusive operational rights in the JV License area. Entrée LLC filed an Administrative Court claim in Q3 2025 seeking tax-value review required before license transfer registration; a court hearing is expected to be scheduled shortly.

Entrée Resources (OTCQB:ERLFF) announced a board change: Dr. Michael Price will retire from the board effective December 31, 2025 after more than seven years of service. The company named Chris Adams as an independent director to fill the vacancy and he will join the board effective January 1, 2026. Mr. Adams is a mining finance consultant with 35 years of industry experience, formerly head of Mining Finance for the Americas at Macquarie Group, and holds a B.Com from McGill, an MBA from MIT, and the CFA designation.

The board highlighted Adams’ mining finance background and said he will assist as the company continues efforts to resolve outstanding issues in Mongolia to enable restart of Oyu Tolgoi Lift 1 Panel 1 underground development work.

Entrée Resources (OTCQB:ERLFF) filed interim financials for Q3 2025 for the period ended September 30, 2025. Key operational items include ongoing efforts to transfer the Shivee Tolgoi and Javkhlant mining licences to OTLLC and a claim filed with the Administrative Court of Mongolia on August 1, 2025 seeking MTA confirmation of licence value calculations for tax purposes. Rio Tinto reported record quarterly copper production at Oyu Tolgoi on October 14, 2025, and project ramp-up remains on track to ~500,000 tonnes of recoverable copper per year from 2028–2036. Cash was $4.9 million at September 30, 2025.

Entrée Resources (OTCQB:ERLFF) reported Q2 2025 results highlighting significant developments in its joint venture with Oyu Tolgoi LLC. The company faces key challenges regarding the transfer of Shivee Tolgoi and Javkhlant mining licenses to OTLLC, with ongoing negotiations with Mongolian tax authorities.

Underground development at Hugo North Extension was paused in June 2025 pending license transfers. The 2024-2025 drilling programs included 5,340.70 metres in surface holes and 6,566.88 metres in underground holes. As of June 30, 2025, the company maintained a cash balance of $5.7 million and working capital of $5.6 million.

Critical negotiations continue with the Mongolian government regarding 34% state ownership in the strategic Oyu Tolgoi deposit area, while the project aims to become the world's fourth-largest copper mine by decade's end.

Entrée Resources (OTCQB:ERLFF) provided a comprehensive update on critical corporate matters, primarily focusing on the transfer of the Shivee Tolgoi and Javkhlant mining licenses to Oyu Tolgoi LLC (OTLLC). The company reported that Lift 1 Panel 1 underground development work has been paused since June 6, 2025, pending the license transfer completion.

Key developments include: 10% corporate income tax assessment requirement on license transfers, ongoing negotiations regarding State participation of up to 34% in the strategic deposit, and Royal Gold's announced acquisition of both Sandstorm Gold and Horizon Copper. Horizon Copper currently owns 24.25% of Entrée's shares (50,297,717 common shares).

The company is actively engaging with Mongolian authorities to resolve these matters and facilitate the resumption of development work.

Entrée Resources Ltd. (ERLFF) held its 2025 annual general meeting where shareholders approved all proposed matters. The meeting resulted in the approval of six directors: Teresa Conway (96.79% votes for), Alan Edwards (96.71%), Allan Moss (96.80%), Michael Price (96.71%), Paula Rogers (96.80%), and Stephen Scott (96.80%). Each director received strong shareholder support with over 96% approval rates. Additionally, shareholders approved the reappointment of Davidson & Company LLP as the company's auditors for the upcoming year, with remuneration to be determined by the directors.

Entrée Resources (ERLFF) has announced a pause in the Oyu Tolgoi Lift 1 Panel 1 underground development work on the Shivee Tolgoi mining licence in Mongolia. The pause comes after completing approximately 230 equivalent metres of lateral development since October 2024. The delay is due to incomplete transfer of mining licenses from Entrée LLC to Oyu Tolgoi LLC (OTLLC), which requires tax assessment approval from Mongolian authorities. OTLLC will shift focus to Lift 1 Panel 2 South on its fully-owned mining licence to minimize operational impacts. The duration of the pause remains uncertain, and if significantly delayed, could materially affect development costs, schedule, and the company's financial condition. The license transfer process began in February 2025 following an international arbitration award, but awaits tax assessment from Mongolian authorities.