Mundoro Cap - MUNMF STOCK NEWS

Mundoro Capital reports Q3-2024 financial results with a strong cash position of $4,233,609 and no long-term debt. The company earned fees, net option payments, and interest of $1,042,956, while recording corporate expenses of $903,774. Exploration expenditures totaled $5,980,712, with recoveries from optionees of $5,154,147.

Key operational highlights include new geophysical surveys at the Borsko Project, approval of a new drill program at Trstenik Project, and advancement of exploration activities at the South Timok Project in Serbia. The company also progressed exploration at its US projects, including Dos Cabezas, Copperopolis, and Picacho.

Mundoro Capital announces advancement of five prospective porphyry exploration targets on the Trstenik project in Serbia, where BHP Exploration is earning interest and providing funding. The targets include SouthWest Zone, SouthEast Zone, North-Central Zone, Central Zone, and North Zone, all located near the Majdanpek porphyry copper deposit. Permit applications for drill locations have been submitted, with drilling expected to commence in Q4 2024 using two drill rigs. The project covers 55 sq km within the northern portion of the Timok Magmatic Complex.

Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) has identified four highly prospective porphyry exploration targets at the Tilva Rosh prospect area on its 100% owned licenses in Serbia. The targets include:

1. Tilva Rosh Valley: A 2 km x 2 km target area at the junction of two significant fault structures.
2. Tilva Rosh North: A 3 km x 1.5 km target with advanced surface alteration and increasing molybdenum grades at depth.
3. Tilva Rosh South: A deeper porphyry target with molybdenum anomalies and porphyry style alteration zonation.
4. Tilva Rosh Bridge: A 2.3 km zone linking two lithocaps with copper-gold soil anomalies.

These targets are located in the Timok Magmatic Complex, near the Bor and Cukaru Peki Mine Complexes. The company has designed drill holes to test each target area for porphyry and high-sulphidation epithermal systems.

Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF) has reported its H1-2024 financial results and provided an update on exploration activities. Key highlights include:

- Strong cash position of $4,372,473 as of June 30, 2024
- Generated $918,080 in fees and payments
- Net loss of $286,337
- Ongoing discussions for optioning projects in Serbia and Arizona
- Purchased 174,000 shares through NCIB program

Exploration plans for H2-2024 include:
- Drill program at Trstenik, Serbia in Q4-2024
- Ground magnetic survey and sampling at South Timok licenses, Serbia
- Environmental assessment at EE1, Bulgaria
- Reconnaissance mapping and sampling at Copperopolis and Dos Cabezas, USA

Partner-funded programs with BHP and JOGMEC are progressing, with AMT surveys completed at various projects and environmental assessments underway.

Mundoro Capital released its Q1-2024 financial results and exploration updates. As of March 31, 2024, Mundoro held $3,610,283 in cash, down from $6,479,508 at the end of 2023, with no long-term debt. The company reported a net income of $313,305, up from $294,586 in Q1-2023. Exploration expenses, mainly funded by partners, increased to $2,637,541 from $1,686,880 in Q1-2023. Recoveries from partners were $2,584,073, leading to net exploration costs of $53,468. Corporate expenses decreased to $267,522 from $341,199. Cash flow from operations increased to $424,967 from $357,152. Mundoro is in discussions for joint ventures in Serbia and Arizona. Key exploration activities include ongoing surveys and sample analysis in Serbia. Despite no mineralization from a test drill in the Padina license, the costs were covered by Vale prior to the termination of their agreement in April 2024.

Mundoro Capital Inc. (TSXV: MUN) announced its FY-2023 financial results and 2024 outlook, showcasing positive performance with a cash position of $6.5 million, a 240% increase in Fees Earned and Net Option Payments, and a net income of $1.4 million. The company plans to reinvest cash in 2024 for new projects and partnerships, with no anticipated need for capital raising. Operational highlights include advancements in exploration in Serbia, Bulgaria, and Arizona.

Mundoro Capital Inc. announces positive Phase I drill results from the Dos Cabezas Project in Arizona. The drilling at the Dos Cabezas Project confirmed mineralization in two target areas, supporting the potential for a porphyry-style system. The project is located in a prospective area surrounded by known porphyry districts. The exploration program identified three target areas with potential porphyry copper systems and two undercover target areas. The drilling results showed significant mineralization, indicating the need for further exploration. Mundoro is in discussions with external parties to potentially option the project.

Mundoro Capital Inc. had a successful 2023 marked by significant advancements, exploration programs, and partnerships. The company managed extensive field programs across ten projects in three countries, with partner-funded programs totaling $14 million. Mundoro's strategy of value creation through exploration and prospect generation was validated by forming partnerships and advancing projects. The CEO announced regaining 100% control of projects in Serbia and Arizona, with plans for new partnerships and exploration. The company's strong cash position, generative outlook, and partnership discussions reflect a positive corporate outlook for 2024.

Mundoro Capital Inc. provides an update on its exploration portfolio, highlighting nine active projects, expansion of partners, and successful completion of various geophysical surveys. The company also reports on the completion of drill programs, community engagement, and advancing exploration for upcoming drill programs with multiple partners. Additionally, the company provides a corporate update regarding its Normal Course Issuer Bid.