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HIRU CORP - HIRU STOCK NEWS

Welcome to our dedicated page for HIRU news (Ticker: HIRU), a resource for investors and traders seeking the latest updates and insights on HIRU stock.

Hiru Corp. (HIRU) is a Georgia corporation listed as a public quoted Pink Sheet OTC issuer. The company focuses on owning and operating commercial water bottling and labeling facilities. Recent changes include consolidating West Coast operations to a Glendale, Arizona location and planning to expand manufacturing operations on the East Coast. The company's CEO, Kathryn Gavin, emphasizes revenue growth and cost-cutting measures to maximize performance.

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HIRU Corp. has outlined its strategic roadmap, focusing on three key timeframes. Short-term goals (1-6 months) include becoming SEC-compliant for OTC QB listing, acquiring an ASX-listed mining company, and selling water assets valued at $2.5M. Mid-term objectives (6-18 months) involve a share buyback program and SPAC launch. Long-term plans (18-36 months) aim for debt-free status and uplisting to NASDAQ/NYSE, with additional listings planned on Frankfurt, Qatar, and London exchanges. The company is pursuing strategic M&As with industrial companies and plans vertical integration of mining operations.

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Hiru (HIRU) released its Q3 2024 financial results, reporting significant growth with revenue increasing from under $1 million in 2023 to over $11 million in 2024, and operating profits rising to $2.76 million from $112,670. The company's outstanding shares reached 3.888 billion, with a 1.2 billion increase attributed to new Chairman and CEO Sheikh Khalid Nasser A.S. Al-Thani. The company is integrating mining assets valued at $130 million, expected to be consolidated by Q4 2024. HIRU is also exploring merger opportunities involving lithium, cobalt, and gold mining assets, with a potential $20 million initial investment deal in the pipeline.

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Hiru (OTC Pink: HIRU) has provided key updates on recent developments and strategic investments. The company highlights continued support from CEO and Chairman H.E. Khalid Nasser A.S. Al-Thani, a member of Qatar's wealthy Al-Thani Royal family. Hiru has also attracted interest from major Qatari institutional investors, signaling growing confidence in the company's prospects.

The CFO, Mr. Thorp, stated that upcoming announcements about multiple acquisitions of mining and natural resources assets in Australia will reveal the company's true size. While the Balfour Project in Tasmania remains important, Hiru is adding more large resources projects to its portfolio.

As part of reorganization, Hiru has increased authorized shares to 7 billion, reflecting investments by H.E. Khalid Nasser A.S. Al-Thani and board members. These shares will be sold to non-US accredited institutional investors under SEC Regulation S.

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HIRU (OTC Pink: HIRU) has provided an update on the market and marketing feasibility for its Balfour Copper Project in Tasmania, Australia. The project is positioned to capitalize on the ongoing copper super cycle, driven by global trends in renewable energy, electric vehicles, and manufacturing shifts. Key points include:

1. Expected annual production of 50,000 tonnes of copper concentrate in early stages
2. Potential for operations to extend beyond the initial 10-year production plan
3. Forecasts of copper prices exceeding USD $40,000 per tonne in coming years
4. Adherence to Australia's strict ESG standards, appealing to institutional investors
5. Strategic marketing efforts focusing on positioning Balfour as a critical and scalable copper supplier

The project's scalability, sustainability, and long-term potential make it well-positioned in the copper market, with HIRU confident in attracting investor and industry partner interest.

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HIRU (OTC Pink: HIRU) has announced a Feasibility Scoping Study for its Balfour Copper Project in northwestern Tasmania, Australia. The study outlines a 10-year initial plan to process 500,000 tonnes of ore annually, producing 50,000 tonnes of copper concentrate. The project's pre-production capital is estimated at USD $78 million, including $60 million for infrastructure and $18 million for initial operational expenses.

The project is expected to generate positive cash flow in Year 1, with projected revenues of USD $33.80 million, growing to USD $42.81 million by Year 10. The Balfour Project has significant expansion potential beyond the initial plan, with 110 known deposits along the 70-kilometer tenement strike. The project benefits from existing infrastructure in Tasmania and offers potential for additional revenue from gold and silver by-products.

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HIRU (OTC Pink: HIRU) has completed a preliminary feasibility scoping study for its Balfour Copper Project in northwestern Tasmania, Australia. The study outlines a 10-year Life of Mine (LOM) scenario, projecting to treat 500,000 tonnes of ore annually with a grade of 1.5% copper, yielding approximately 50,000 tonnes of copper concentrate per year.

Key financial projections include:

  • Year 1 metal revenue: USD $73.47 million
  • Year 10 metal revenue: USD $93.07 million
  • Year 1 net revenue: USD $33.80 million
  • Year 10 net revenue: USD $42.81 million

The study highlights the project's scalability and financial robustness, with extensive exploration opportunities along a 70-kilometer strike. The presence of gold and silver as by-products offers potential for diversified revenue streams.

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HIRU (OTC Pink: HIRU) has released a comprehensive research report titled "How Copper Mining Companies Earn Money During the Exploration Stage" on OTC Markets. The report explores the critical role of copper in the global economy and provides insights into the industry's growth potential, market size, and future outlook.

Key topics covered in the report include:

  • Global Copper Demand: Examining current market trends and projections, highlighting copper's importance in technological advancements and industrial growth.
  • Revenue Generation in the Exploration Stage: An in-depth look at how copper mining companies can monetize their exploration efforts through strategic partnerships, resource estimates, and investor relations.
  • Future Market Outlook: Offering perspectives on the copper industry's future.

The report emphasizes copper's essential role in infrastructure development, renewable energy, and electric vehicles, making it a highly sought-after commodity.

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Hiru (OTC Pink: HIRU) has appointed Mr. Geoffrey Summers as an independent advisor to its board of directors. Mr. Summers, a 9th generation Tasmanian and 426th member of the First Fleet Society, brings significant mining experience to HIRU. Over the past decade, his companies have been the largest holder of mineral tenements in Tasmania, at times controlling more than half of the state's mineral tenements by area and number.

Mr. Summers' family has a long history in the Tasmanian mining industry, dating back over 100 years. His involvement in the Balfour Project, HIRU's flagship copper operation in north-western Tasmania, is expected to bring valuable expertise and local knowledge to the company's operations. Hiru is a mining company headquartered in Toronto, Canada, focusing on copper and other essential metals, with a commitment to ethical mining practices.

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Hiru (OTC Pink: HIRU) announces a significant financial boost as CEO Sheikh Khalid Nasser Al Thani plans to inject an additional $3 to $5 million directly into the company. This investment aims to accelerate mining operations by enabling the purchase of essential equipment and resources. The CEO's decision will increase his stake ownership in the mine.

Sheikh Al Thani emphasized that the company is well-funded for mining operations, and this new cash infusion will expedite the start date of operations. The previously announced 5-year projection was based on current resources, but this additional funding is expected to significantly enhance the company's capabilities and timeline.

Hiru , headquartered in Toronto, Canada, focuses on copper and other essential metals mining. Its flagship operation, the Balfour Project, is located in north-western Tasmania, Australia.

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Hiru (OTC Pink: HIRU) has reinforced its commitment to environmental sustainability and community engagement as it begins development of the Balfour Project in Western Tasmania. This follows the company's recent agreement granting exclusive mining concession rights in the region. Hiru will ensure full compliance with Tasmania's environmental laws and actively engage with local communities.

The company will prioritize the rehabilitation of the mining area after operations are completed. The estimated value of in-situ copper at the Balfour Project ranges between A$191.5 million and A$446.7 million (approximately US$124.5 million to US$290.4 million), reflecting significant potential returns that will benefit the local economy while preserving the environmental integrity of the region.

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FAQ

What is the current stock price of HIRU (HIRU)?

The current stock price of HIRU (HIRU) is $0.00165 as of November 22, 2024.

What is the market cap of HIRU (HIRU)?

The market cap of HIRU (HIRU) is approximately 4.1M.

What recent changes has Hiru Corp made to its operational footprint?

Hiru Corp has consolidated its West Coast operations to its Glendale, Arizona location and plans to focus on acquiring full-scale water bottling facilities on the East Coast.

Who is the current CEO of Hiru Corp?

Kathryn Gavin is the President and CEO of Hiru Corp.

What is the focus of Hiru Corp's strategy?

Hiru Corp's strategy is to aggressively scale up manufacturing operations to attract new revenue streams.

Is Hiru Corp involved in any legal disputes?

Hiru Corp faced litigation but successfully set aside a default judgment due to negligence by ex-management. The company intends to vigorously defend against any frivolous complaints.

Is Hiru Corp still in the water bottling business?

No, Hiru Corp is no longer in the water packing business and is offering its current equipment for sale through a business broker.

What shares did Hiru Corp recently claw back?

Hiru Corp successfully recovered 1 billion common shares with claw back provisions from an ecommerce & shipping acquisition.

What future plans does Hiru Corp have?

Hiru Corp is in final negotiations with a new CEO and management in the mining sector as part of its future plans.

Where can I find more information about Hiru Corp?

For further details and updates, visit the company's official website at www.otchiru.com and follow their social media channels.

Who has recently joined the Hiru Corp team?

Mr. R Molebatsi (Thebi) has been appointed as the new mining COO at Hiru Corp.

What values does the new COO bring to Hiru Corp?

The new COO, Mr. Thebi, brings a wealth of experience from various industries and a dedication to social justice, aligning with Hiru Corp's values.

What is the focus of Hiru Corp's mining division?

Thebi will spearhead the mining division focusing on mining businesses in Africa and gold trading/processing.

What operations will be highlighted on the new Hiru Corp website?

The new Hiru Corp website will feature mining and gold trading ventures, including joint ventures and mining projects.

What changes are expected in Hiru Corp's share structure?

Following the claw back of 1 billion shares, Hiru Corp's share structure will undergo adjustments, returning the shares to the treasury.

What are the expectations for Hiru Corp's future profitability?

Hiru Corp expects to make a profit moving forward with the current right-sized business model.

What is the status of the management at Hiru Corp?

The CEO and COO are stepping down to make room for a new CEO and COO focused on the mining field.

What actions is Hiru Corp taking to improve its business model?

Hiru Corp is in the process of restructuring its website to reflect separate sectors engaged in logistics and mining.

What updates will follow shortly at Hiru Corp?

For further updates on management changes and new developments at Hiru Corp, shareholders and followers are encouraged to visit the company's website.

What steps is Hiru Corp taking to defend against litigation?

Hiru Corp intends to vigorously defend against legal complaints, including a recent case involving a Credit Union.

What is the focus of Hiru Corp's mining operations?

Hiru Corp is looking for a new CEO to lead its mining operations and aims to continue delivering value to shareholders and stakeholders.

HIRU CORP

OTC:HIRU

HIRU Rankings

HIRU Stock Data

4.08M
1.50B
44.35%
4.6%
Integrated Freight & Logistics
Industrials
Link
United States of America
Phoenix