STOCK TITAN

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.

Rhea-AI Summary

Hiru (OTC Pink: HIRU) has announced a significant development in its mining operations. The company has signed an agreement with Zebs Minerals Pty and D & B Mining Pty to fund and manage exploration and mining operations at the Balfour Project in Western Tasmania. HIRU has exclusive rights to explore, develop, and exploit mineral resources in the concession area, with an expected exploration phase of five years followed by exploitation activities.

Key aspects of the agreement include:

  • HIRU will make royalty payments of 2.5% of annual mine profits to Zebs Minerals or D & B Mining
  • HIRU will cover all tax obligations related to the project, except corporate income tax
  • The company has secured funding through a complex financial arrangement described as an off-market traditional PIPE with a credit derivative swap

HIRU's Chairman, Sheikh Khalid Nasser Al Thani, emphasized the company's commitment to developing the Balfour Project in a financially sustainable and efficient manner.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-31.58%
Tags
none
-
Rhea-AI Summary

Hiru (OTC Pink: HIRU) has secured a 50-year mining concession for the Balfour Project in Western Tasmania, Australia. The agreement, signed with Zebs Minerals Pty and D & B Mining Pty , includes an option to extend for an additional 50 years. This landmark deal allows HIRU to explore, develop, and exploit substantial copper resources in the region.

The concession can be extended on a rolling 12-month basis, ensuring operational continuity. HIRU views this as a key milestone in its growth strategy, positioning the company to contribute to the global copper supply chain. The agreement is governed by Tasmanian law, ensuring compliance with local regulations.

HIRU also addressed shareholder inquiries, clarifying that individuals with similar names to company officers who have had legal issues are not associated with Hiru

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5%
Tags
none
-
Rhea-AI Summary

Hiru (OTC: HIRU) has announced key updates to its business operations and management:

  • Updated OTC Markets profile with new management and business description
  • Launched new website www.hirumining.com showcasing the Balfour Copper Mine Project in Tasmania, Australia
  • Recent research indicates potential for large-scale copper-cobalt deposits in the region
  • Australia's copper production expected to rise until 2028-29
  • Copper industry revenue growing at 3.5% CAGR, reaching estimated $9.6bn in 2024
  • Company seeking new opportunities in resource-rich regions worldwide

CEO Khalid Nasser A.S. Al-Thani expressed confidence in the Balfour Project's potential to contribute significantly to the global supply of copper and other essential metals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.5%
Tags
none
Rhea-AI Summary

HIRU (OTC Pink: HIRU) has announced the sale of its eCommerce subsidiary, The Fixture Place, for $2,500,000 in a mix of cash and restricted shares. This strategic move aligns with HIRU's focus on its core mining business in Australia. The company's new management took control on July 31, 2024, and is awaiting SEC and OTC access codes to complete filings. HIRU's CEO has purchased approximately 1.2 billion shares of HIRU common stock.

The company plans to release full mining and cooperation agreements for its Australian mining project, which is valued at over $150 million USD. HIRU emphasizes that it is under new ownership and management, distinct from previous operators who may have failed to meet local community expectations. The company is committed to responsible corporate citizenship and will provide timely updates to shareholders.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.29%
Tags
none
-
Rhea-AI Summary

Hiru (OTC Pink: HIRU) has announced significant developments in its expansion strategy. The company has appointed new corporate officers and directors, including Khalid Nasser A.S. Al-Thani as Chairman & CEO and James Peter Thorp as CFO. HIRU is also launching a new corporate website at www.hirumining.com to enhance stakeholder engagement.

In a strategic move, HIRU has relocated its headquarters to Toronto, Canada, at 1 Yonge Street, 4th Floor. This decision aims to align with the company's expanding global footprint in the mining sector and positions HIRU in a major financial hub catering to the mining industry. The company's official X (Twitter) account is @HiruMining, and investors are advised to rely on information posted on OTC Markets OTC: HIRU and SEC filings for official updates.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

Hiru (OTC Pink: HIRU) has undergone significant changes, including a control block sale of preferred shares and new management. The company is addressing a $1.4 million debt, secured by water equipment, with potential buyers considering the purchase. HIRU is shifting its focus to acquiring and collaborating with profitable mines and large real estate construction projects, aiming to develop into a small conglomerate.

The company is eyeing mining projects valued between $70 to $150 million, with full mining reports and audited financials. HIRU plans to establish offices in New York and either Toronto or Vancouver to leverage strong mining circles. The company has also launched its X (Twitter) account as part of its new direction.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.5%
Tags
none
Rhea-AI Summary

Hiru (HIRU) has appointed Vlad Duba as the new interim CEO, bringing a wealth of expertise in business development, financial restructuring, and strategic advancement. Vlad has a distinguished career in various sectors including banking, oil and gas, industrial real estate, pharmacy, and mining. His notable achievements in the mining sector include the discovery of a significant Copper deposit in Kyrgyzstan and the management of a Lithium brownfield project in Russia. Vlad's focus on Clean Energy metals and Carbon Offset projects aligns with Hiru 's commitment to sustainability.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
-
Rhea-AI Summary
Hiru (HIRU) announces the return of 1 billion shares to its treasury, a new CEO, and an African mining acquisition. The company clawed back shares due to unmet milestones from an ecommerce/shipping acquisition. Despite the return of shares, the company reacquired the logistics business and the retail portal thefixtureplace.com through a debt swap and financing. The Q2 disclosure will reflect revenues and expenses from these transactions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Hiru Corp announces a management change with the CEO and COO stepping down to make room for new management in the mining field. The company is searching for a new CEO with mining sector experience. Additionally, Hiru Corp is clawing back issued shares from a recent acquisition of a logistics business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-22.22%
Tags
none
Rhea-AI Summary
Hiru announces its entry into the gold market with the acquisition of a West African mine and the establishment of a regional office in Dubai. The company aims to partner with Central Banks and stakeholders to procure gold and become a key player in the vibrant Dubai gold market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none

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