Erdene Resource Development is pleased to announce completion of the previously announced non-brokered private placement, raising gross proceeds of $7,180,106, led by a $2 million investment from Mr. Eric Sprott. Pursuant to the Offering, Erdene sold 23,933,687 units of the Company (the “Units”) at a price of $0.30 per Unit. Each Unit consists of one common share and one-half (½) of one common share purchase warrant (the [...]
Erdene Resource Development is pleased to provide its 2022 Letter to Shareholders authored by President and CEO, Peter Akerley. To read the letter please visit Letter to Shareholders. “Over the past year, we executed upon our mission of developing the Khundii Gold District for the benefit of all stakeholders,” said Peter Akerley, Erdene’s President and CEO. “As outlined in my letter to fellow shareholders, recent [...]
Erdene Resource Development is pleased to announce that it intends to issue, by way of a non-brokered private placement, up to 20,000,000 units of the Company at a price of $0.30 per Unit, for gross proceeds of up to $6,000,000. Each Unit will consist of one common share and one-half (½) of one common share purchase warrant. Warrants are exercisable by the holder into one common share of the Company within two years of [...]
Erdene Resource Development Corp. is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company's Annual and Special Meeting of Shareholders held on June 22, 2022 in Dartmouth, Nova Scotia. Details of the Meeting are provided below. Appointment of Board and Executive At the Meeting, shareholders voted in favour of Erdene management's nominees to the board of directors [...]
Erdene Resource Development is pleased to announce initial results from the first phase of its 2022 drill program at Ulaan Southeast. The objective of this phase of the program has been met with the confirmation of continuity of an interpreted high-grade gold bearing “feeder” structure at the northern end of the Ulaan SE discovery, and expansion of the discovery to the west and at depth. Highlights
Erdene Resource Development is pleased to announce operating and financial results for the three months ended March 31, 2022 and to provide an update on its Khundii Gold District, including its Bayan Khundii Gold Project. This release should be read in conjunction with the Company’s Q1-2022 Financial Statements and MD&A, available on the Company’s website and SEDAR. Quotes from the Company: “During the first quarter of [...]
It is with great sadness that the Executive and Board of Erdene Resource Development Corp. report the passing of our friend, founding partner, and past-Chairman, John Christopher Cowan. Chris passed away peacefully on April 28, 2022, surrounded by family. "Our company would not exist today if not for Chris' contribution to the development of the concept, the team, his dedication and hard work," said Peter Akerley [...]
Erdene Resource Development Corp. is pleased to announce commencement of the first phase of its 2022 exploration program at its Khundii Gold District in southwest Mongolia. The program will focus on expanding high-grade gold mineralization discovered in 2021 at the Ulaan and Dark Horse discoveries at the Bayan Khundii Gold Project , confirming continuity at the Altan Nar Gold Project, and testing near-surface, high-grade [...]
Erdene Resource Development Corp. is pleased to announce operating and financial results for the year ended December 31, 2021 and to provide an update on its Khundii Gold District, including its Bayan Khundii Gold Project . This release should be read in conjunction with the Company's 2021 Financial Statements and MD&A, available on the Company's website or SEDAR. Quotes from the Company: "During 2021, we executed upon [...]
Erdene Resource Development Corp. is pleased to provide an update on recent exploration at the Dark Horse prospect, located 2.4 kilometres north of its construction-ready Bayan Khundii Gold Project. Highlights Extended Dark Horse Mane mineralization 100 metres south Prospect remains open to the north, south and at depth Intersected highest grade mineralization at Dark Horse to date, beginning near surface AAD-176: 18 [...]
Erdene Resource Development Corp. is pleased to provide an update on the 2021 exploration program at the recent Ulaan Southeast gold discovery, as well as plans for its 2022 Ulaan exploration program. Ulaan Southeast, located on the 100% owned Ulaan licence, is a growing, blind top gold discovery, announced in Q3 2021, 300 metres west of the construction-ready Bayan Khundii Gold Project. Highlights Gold mineralization at [...]
Erdene Resource Development Corp. is pleased to announce that it has received a Tax Stabilization Certificate for the Bayan Khundii Gold Project from the Mongolian Government's National Development Agency , effective December 21, 2021. Quotes from the Company "We are very pleased to receive a Tax Stabilization Certificate which protects the Bayan Khundii Gold Project's economics from potential statutory tax or royalty [...]
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