Torq Resources Stock Price, News & Analysis

Torq Resources (OTCQB:TRBMF) and a Chilean affiliate of Gold Fields are advancing planning for a 2026 Santa Cecilia drill program. Gold Fields holds an option to earn a 75% indirect interest by funding a USD$48 million exploration option (10% earned to-date).

An approximately USD$11 million program, 100% funded by Gold Fields, will target Pircas Norte, Gemelos Norte and other prospective zones. Prior drilling returned strong intercepts including 450 m of 0.51 g/t Au and 0.155% Cu and 206 m of 0.99 g/t Au and 0.109% Cu. A planned start was delayed after an on-site fatality; preliminary review cited natural causes and investigations continue, with no expected material financial impact.

Torq Resources (OTCQB:TRBMF) announced that an affiliate of Gold Fields has elected to proceed to Stage 2 of a USD$48 million earn-in at the Santa Cecilia project.

Stage 2 carries an anticipated spend of ~USD$11 million (including a USD$1 million property payment) focused mainly on diamond drilling. Work is expected to commence in early to mid-November 2025 using two drill rigs; detailed program parameters will be released closer to start-up.

Torq Resources (OTCQB:TRBMF / TSXV:TORQ) will present at Kinvestor Day 2025 (KD25) on Thursday, October 23, 2025. CEO Shawn Wallace is scheduled to present at 9:00 AM PT / 12:00 PM ET, followed by a live Q&A.

KD25 is a virtual investor conference focused on small and mid-cap companies in mining and energy, moderated by Arlen Hansen. Investors can register to view presentations, join a roundtable on mining and commodities trends, and engage with executive presenters.

Torq Resources (OTCQB:TRBMF) has announced significant drill results from its Phase III diamond drilling campaign at the Santa Cecilia gold-copper porphyry project in Chile's Maricunga belt. The campaign revealed a third major discovery at Gemelos Norte, with impressive intercepts including 450m of 0.51 g/t gold and 0.155% copper within a broader zone of 652m of 0.42 g/t gold and 0.134% copper.

The program consisted of five diamond drill holes totaling 4,061.5 meters, focusing on the Pircas Norte and Gemelos Norte targets. Step-out drilling at Pircas Norte extended mineralization with notable results of 206m of 0.99 g/t gold and 0.109% copper. The project's strategic location, within 1-2 kilometers of Newmont and Barrick's Caspiche deposit, underscores its potential scale.

Gold Fields has invested over $6 million of a possible $48 million earn-in, securing a 10% vested interest in the project. The mineralization at Santa Cecilia now extends approximately 3,500 meters in an east-west direction.

Torq Resources (OTCQB:TRBMF) has announced the termination of its option to acquire interest in the Margarita Project in Chile. The decision comes as the company shifts focus to its Santa Cecilia copper/gold project, which has a US$48M Earn-in Option granted to Gold Fields.

The company will maintain 100% ownership of the 90-hectare La Cototuda concession adjacent to Margarita, which has minimal holding costs and no royalty burden. The termination will have no material impact on financial statements as capitalized costs were previously written off.

Additionally, Torq has completed its inaugural drill program at Santa Cecilia under the Gold Fields joint venture, with results pending from laboratory analysis.

Torq Resources (OTCQB:TRBMF) has completed its first drill program at the Santa Cecilia project under its joint venture with Gold Fields. The program comprised five holes totaling 4,062 metres, targeting the unexplored Gemelos Norte area and following up on the Pircas Norte discovery from 2024.

Gold Fields has earned a 10% interest in the project by funding this drilling program. The company is awaiting Gold Fields' decision on further funding to increase their project stake. Additionally, Torq has granted 12.7 million stock options, with 8.75 million allocated to directors, officers, and an IR consultant, exercisable at $0.10 with a five-year expiration.

Torq Resources (TRBMF) has received regulatory approval to extend its $2.8 million Credit Facility for one year until July 11, 2026. As part of the extension agreement, the lender will receive 46,666,667 share purchase warrants, exercisable at $0.06 per common share until July 11, 2026. The interest rate will reset to 12% for the final year, and the lender will receive a $30,000 payment for security priority and default waivers. The lender's existing 7.5 million warrants at $0.35 will be cancelled. The new warrants include a blocker term limiting exercise to 9.99% of issued shares without company approval, with potential increase to 19.99% requiring TSXV and shareholder approval.

Torq Resources (TRBMF) has engaged Kin Communications Inc. to handle its investor relations activities. The agreement spans 12 months with a month-to-month continuation option. Kin, a Vancouver-based full-service IR firm owned by President & CEO Arlen Hansen, will focus on building relationships with shareholders, investment professionals, newsletter writers, and media to effectively communicate Torq's corporate message. The compensation includes a monthly fee of CDN$15,000 plus GST and 2,000,000 stock options with a five-year expiry term. The agreement and stock options are pending TSXV approval. Kin Communications and its CEO have no prior relationship with Torq and currently own no securities in the company.

Torq Resources (TRBMF) has completed a recapitalization through two key transactions totaling C$3.12 million. The company executed a private placement of 25.15 million units at C$0.06 per unit, raising C$1.51 million. Each unit includes a share and a warrant exercisable at C$0.12 until June 2027. Additionally, Torq settled C$1.30 million in debt by issuing shares and units to creditors, primarily related to the 2024 Minera Santa Drilling Campaign. The company paid C$51,012 in finder's fees and issued 800,200 finder's warrants. Torq is seeking approval to extend its credit facility to July 2026. The company expects these transactions to strengthen its financial position for more active operations in 2025, with ongoing exploration at the Santa Cecilia project funded by Gold Fields under an earn-in option.