Velocity Minerals Ltd. provides an update on project generation work in northern Greece. The Company has been active in Greece for approximately 18 months, visiting historical mineral occurrences, completing geological mapping, rock sampling and prospecting. In connection with this generative strategy, the Company is pleased to announce that it has been granted an exploration license located in northern Greece . Figure 1 [...]
Velocity Minerals Ltd. announces that, further to its news releases of October 1, November 29 and December 17, 2024, it has entered into a definitive share purchase and option agreement made as of February 24, 2025 with Türker Global Madencilik Sanayi Ve Ticaret A.Ş. , a subsidiary of Türkerler İnşaat Turizm Madencilik Enerji Üretim Ticaret ve Sanayi A.Ş. , a diversified company based in Ankara [...]
Velocity Minerals Ltd. is pleased to provide an update regarding the sale of the Rozino gold project and the Company's other Bulgarian assets for USD $59.0 million cash , as previously announced on October 1, 2024. Following in-person meetings in Ankara, Turkiye, Velocity has signed an amendment to the binding letter agreement which specifies Türker Global Madencilik Sanayi ve Ticaret A.Ş. , as the purchaser [...]
Velocity Minerals Ltd. is pleased to provide an update regarding the sale of the Rozino gold project and the Company's other Bulgarian assets for USD $59.0 million cash , as previously announced on October 1, 2024. Türkerler İnşaat Turizm Madencilik Enerji Üretim Ticaret ve Sanayi A.Ş. has delivered confirmation to the Company that it has completed its legal, financial, technical and geological due [...]
Velocity Minerals Ltd. is pleased to announce that it has entered into a binding letter agreement with Türkerler İnşaat Turizm Madencilik Enerji Üretim Ticaret ve Sanayi A.Ş. , a diversified company based in Ankara, Turkey, whereby Türkerler has agreed to purchase 100% of the Rozino gold project, together with certain licences, licence applications and associated tenures and rights and the interest of [...]
Velocity Minerals Ltd. announces that it has entered into a binding letter agreement, through its wholly-owned subsidiary, with an arm's length third party , whereby the Vendor has granted the Company the exclusive option to acquire a 100% interest in the Toledo gold-silver property , located in Western Bulgaria. Toledo Project Highlights Historical resource >500,000 ounces gold Historical exploration includes 27,500m [...]
Extends and Amends Advisory Engagement Velocity Minerals Ltd. announces that it has published its fourth annual ESG Report , which is available for download on the Velocity website. In the Report, the Company outlines Velocity's continued focus on environmental stewardship, local stakeholders and leadership in the community. The Company also provides clarification on its advisory engagement with Leede Jones Gable Inc. and [...]
Velocity Minerals Ltd. reports the results of its annual general meeting of shareholders held on June 18, 2024 in Vancouver, British Columbia. All the motions presented to the shareholders were approved. Votes representing 149,815,984 shares were cast, representing 76.36% of the issued and outstanding shares at the record date. A summary of the Meeting results is outlined below. Motion Votes for the Motion Percentage of [...]
Velocity Minerals Ltd. provides a corporate and exploration update and extends its advisory engagement with Leede Jones Gable Inc. who will continue to work with Velocity's management and Board to evaluate a range of strategic alternatives that may be available to the Company to maximize value for all shareholders. Strategy and Potential Asset Sale The Company is considering various strategic alternatives including but [...]
Announces Management Changes Velocity Minerals Ltd. announces that it has entered into an agreement to the letter agreement signed with Zelenrok EOOD , a wholly-owned subsidiary of Raiden Resources Ltd. , whereby Velocity has been granted an exclusive option to acquire, in two stages, up to a 75% interest in and to the Zlatusha prospecting and exploration license . Amendment Details Under the terms of the Amendment, an [...]
Velocity Minerals Ltd. provides an update on the ongoing exploration program at the Zlatusha copper-gold project , located in the prolific Tethyan Belt that has potential for epithermal, porphyry, and skarn deposit discoveries. Phase I drill testing is planned for Q2 2024, with an initial 3,000m of diamond drilling to test priority copper-gold target areas. 2023 Highlights and Project Background Exploration completed in [...]
Drill Highlights include: 4.0m at 0.47% copper and 71m at 0.15% copper, including 4.7m at 0.26% copper, 6.0m at 0.37% copper, and 24.5m at 0.21% copper Trench Highlights include: 7.8m grading 2.37 g/t gold, including 1.0m grading 12.3 g/t gold Second Drill Rig Mobilized to Project Velocity Minerals Ltd. announces receipt of drill results from the Iglika copper-gold property , located in southeast Bulgaria. Exploration is [...]
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