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Velocity Minerals Ltd. (TSXV: VLC) is a precious metals and copper explorer focused mainly in Eastern Europe. The company holds interests in various properties like Tintyava, Momchil, Nadezhda, Dangovo, and Iglika. Recent developments include the termination of the Option Agreement with Zelenrok EOOD and the issuance of common shares. The company is exploring the potential sale of the Rozino gold deposit and provided an update on the Iglika Project after Dundee Precious Metals decided to terminate the option agreement.
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Velocity Minerals Ltd. (TSXV: VLC) terminates an agreement with Raiden Resources Limited subsidiary, Zelenrok EOOD, regarding the Kalabak project in Bulgaria. The company also issues 125,000 common shares to Leede Jones Gable Inc. and grants 3,455,000 common share stock options to directors, officers, employees, and consultants.
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Velocity Minerals Ltd. (TSXV: VLC) has closed a non-brokered private placement, raising $1,488,652.50 million for ongoing work at the Company's gold and copper exploration projects and general working capital.
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Velocity Minerals Ltd. (VLC) provides an update on its ongoing exploration program at the Zlatusha exploration license in Bulgaria. The company has confirmed the presence of magmatic-hydrothermal centers with copper-gold mineralization. The Zlatusha Property is located within a Tier One porphyry copper-gold and epithermal belt, similar to other major copper-gold deposits in Serbia and Bulgaria. The company is planning an initial drill program for H1 2024 with a focus on the discovery of copper-gold porphyry mineralization.
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Velocity Minerals Ltd. (TSXV: VLC) (OTCQB: VLCJF) announces the restart of drilling at the Iglika copper-gold property in southeast Bulgaria, fully funded by Dundee Precious Metals Inc. The phase II drill program plans approximately 7,000m of drilling in 13 holes, with a focus on testing geochemical and geophysical targets to identify copper porphyry, copper skarn, and epithermal gold deposits.
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Velocity Minerals appoints Michelle Roth as an independent director. She will Chair Velocity's Audit Committee and serve on other committees. The company grants 300,000 stock options to Ms. Roth. The company also issues 125,000 common shares to Leede Jones Gable Inc.
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Velocity Minerals announces positive drilling results at Iglika copper-gold project in Bulgaria. Highlights include 2.5m grading 2.78% copper and 14.5m grading 0.89% copper. Phase II drilling expected to begin in October 2023. DPM committed to completing 10,000m of drilling by June 2024.
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FAQ
What is the current stock price of VELOCITY MINERALS ORD (VLCJF)?
The current stock price of VELOCITY MINERALS ORD (VLCJF) is $0.1039 as of August 30, 2024.
What is the market cap of VELOCITY MINERALS ORD (VLCJF)?
The market cap of VELOCITY MINERALS ORD (VLCJF) is approximately 23.8M.
What are the core business operations of Velocity Minerals Ltd.?
Velocity Minerals Ltd. is primarily focused on exploring precious metals and copper in Eastern Europe.
What recent achievements has the company made?
Recent achievements include terminating the Option Agreement with Zelenrok EOOD, issuing common shares, and considering the sale of the Rozino gold deposit.
What projects is the company currently involved in?
Velocity Minerals Ltd. is involved in projects like Tintyava, Momchil, Nadezhda, Dangovo, Iglika, and exploring the potential sale of the Rozino gold deposit.
What recent financial condition updates does the company have?
Recent financial updates include the issuance of common shares and management changes with the appointment of a new Chief Financial Officer.
What partnerships or agreements has the company entered into?
The company has entered into agreements with Zelenrok EOOD, Raiden Resources Limited, DPM, and Leede Jones Gable Inc. for various projects and transactions.
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