Associated tags: Mining, Steppe, Gold, TSX, Cryptocurrency, FSE, Rare-earth element, Technical report, Trade, Trade and Development Bank of Mongolia, Toronto Stock Exchange, Silver, SEDAR, Development finance institution, Security (finance)
Locations: MI, MONGOLIA, PERU
ULAANBAATAR, Mongolia, April 11, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold”) is pleased to announce that, further to its press releases dated January 22, 2024 and March 19, 2024, it has entered into a share exchange agreement (the “Share Exchange Agreement”) pursuant to which Steppe Gold will acquire all of the issued and outstanding common shares (the “BG Common Shares”) of Boroo Gold LLC (“Boroo Gold”) from an indirect, wholly owned subsidiary of Boroo Pte Ltd. (“Boroo Singapore”) in an all-share transaction (the “Boroo Gold Transaction”).
Key Points:
- ULAANBAATAR, Mongolia, April 11, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold”) is pleased to announce that, further to its press releases dated January 22, 2024 and March 19, 2024, it has entered into a share exchange agreement (the “Share Exchange Agreement”) pursuant to which Steppe Gold will acquire all of the issued and outstanding common shares (the “BG Common Shares”) of Boroo Gold LLC (“Boroo Gold”) from an indirect, wholly owned subsidiary of Boroo Pte Ltd. (“Boroo Singapore”) in an all-share transaction (the “Boroo Gold Transaction”).
- Additionally, it is a condition to the closing of the Boroo Gold Transaction that the Tres Cruces Transaction has closed.
- At the closing of the Boroo Gold Transaction, Steppe Gold will enter into an investor rights agreement with Boroo Singapore (the “Investor Rights Agreement”).
- The key executive management team of Steppe Gold will remain in place following closing of the Boroo Gold Transaction.
Tax,
Term sheet,
Silver,
Exercise,
Development finance institution,
Acceleration,
Tres Cruces,
Sheet,
Gold,
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Mining ULAANBAATAR, Mongolia, April 01, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2023.
Key Points:
- ULAANBAATAR, Mongolia, April 01, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2023.
- Average realized prices for the three months and year ended December 31, 2023 were $1,977 and $1,948 per gold ounce and $20 and $21 per silver ounce, respectively.
- All in Sustaining Cost was $1,281 and $1,140 per ounce sold for the three months and year ended December 31, 2023, respectively.
- The Company’s consolidated financial results for the year ended December 31, 2023 have been filed on SEDAR+.
ULAANBAATAR, Mongolia, March 19, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold”) is pleased to announce the extension (the “Extension Letter Agreement”) of the binding term sheet entered with, among other parties, Boroo Gold LLC (“Boroo Gold”) dated January 18, 2024 (the “Binding Agreement”), pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Boroo Gold in an all-share transaction (the “Proposed Transaction”).
Key Points:
- ULAANBAATAR, Mongolia, March 19, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold”) is pleased to announce the extension (the “Extension Letter Agreement”) of the binding term sheet entered with, among other parties, Boroo Gold LLC (“Boroo Gold”) dated January 18, 2024 (the “Binding Agreement”), pursuant to which Steppe Gold, either directly or through a wholly-owned subsidiary, will acquire all of the issued and outstanding common shares of Boroo Gold in an all-share transaction (the “Proposed Transaction”).
- The Extension Letter Agreement extends the exclusivity period between Steppe Gold and Boroo Gold in the Binding Agreement from March 29, 2024 to April 12, 2024, or such earlier or later time as Steppe Gold and Boroo Gold mutually agree, in order to provide more time for the parties to complete due diligence and enter into a definitive agreement.
- For more information on the Transaction, please see the news release dated January 22, 2024 which is available on SEDAR+ at www.sedarplus.ca.
ULAANBAATAR, Mongolia, March 15, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) announces the following Board changes.
Key Points:
- ULAANBAATAR, Mongolia, March 15, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) announces the following Board changes.
- The Company would like to pay special thanks to Mr. Wood for his outstanding contributions to Steppe Gold.
- Bataa Tumur-Ochir, Chairman and CEO of Steppe Gold, commented “We are hugely grateful for Matt’s leadership of Steppe Gold, from the early days as a private company with a greenfield site in Eastern Mongolia.
- We wish him every success in his future endeavors.”
“We will look to refresh our Board as we work to conclude the Boroo Gold acquisition, and we welcome our President, Byambatseren as a Board member.”
In connection with Mr. Wood’s resignation, Steppe Gold intends to issue an aggregate of 2,000,000 common shares of the Company at a deemed price of $0.78 per share to settle all amounts owing by Steppe Gold to Mr. Wood (the “Settlement Transaction”).
Tres Cruces,
FSE,
IRR,
Lagunas Norte mine,
Gold,
TSX,
Metallurgy,
Economics,
La Arena,
Cryptocurrency,
Mining ULAANBAATAR, Mongolia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce the filing of an updated preliminary economic assessment (the “Technical Report”) regarding its 100% owned Tres Cruces Oxide Gold Project located in Peru (“Tres Cruces”).
Key Points:
- ULAANBAATAR, Mongolia, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce the filing of an updated preliminary economic assessment (the “Technical Report”) regarding its 100% owned Tres Cruces Oxide Gold Project located in Peru (“Tres Cruces”).
- Chairman and CEO of Steppe Gold, Bataa Tumur-Ochir commented, “We are delighted to announce this updated technical study for the Tres Cruces project.
- Tres Cruces is strategically located in a highly prospective geological belt that hosts the Lagunas Norte and La Arena mines, both with multi-million ounce gold production.
- The Tres Cruces deposit contains oxide plus sulphide indicated resources of 2,474,000 ounces with a grade of 1.65 g/t gold, inclusive of 630,000 ounces contained within leachable gold oxide mineralization with a grade of 1.28 g/t gold.
Trade and Development Bank of Mongolia,
Partnership,
Employment,
Toronto Stock Exchange,
Silver,
EPC,
Reward,
FSE,
Hallmark-Sonali Bank Loan Scam,
Gold,
Development finance institution,
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Security (finance),
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Cryptocurrency ATO Phase 2 Expansion Highlights:
Key Points:
- ATO Phase 2 Expansion Highlights:
-- US$150 million fully funded to finance the Phase 2 Expansion of the ATO Gold Mine.
- -- Fresh rock mine expansion life is 12 years, extending open pit mining and milling operations to December 2036.
- Steppe Gold Chairman and CEO, Mr. Bataa Tumur-Ochir commented, "This is a significant milestone for Steppe Gold and secures the future of the ATO Gold mine for the next 14 years.
- Goh Way Chuan, Director of TDB Capital commented, "We are delighted to announce the extension of our long-standing partnership with Steppe Gold.
Featuring Critical Metals Day on June 20, 2023
Key Points:
- Aneel Waraich, EVP & Director, will be presenting at 10:30 AM ET on June 19th.
- Management from Steppe Gold Ltd will also be holding one-on-one investor meetings throughout the three-day conference.
- Interested parties should contact Jennifer Choi at [email protected] to inquire about registering to attend.
- Information regarding THE Event including investor registration details, a list of participating companies, panelists and keynote speakers and a preliminary agenda can be found here https://vidconferences.com/conferences-events/tier-1-mining-conference/
Exercise,
Trade and Development Bank of Mongolia,
ROM,
Technical report,
Model Business Corporation Act,
Bank statement,
Hong Kong Stock Exchange,
COVID-19,
Silver,
Tax,
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Cryptocurrency,
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Bookkeeping,
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Uranium mining,
Rare-earth element,
Security (finance) ULAANBAATAR, Mongolia, March 31, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2022.
Key Points:
- ULAANBAATAR, Mongolia, March 31, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2022.
- The Company repaid $46,856 on the 2021 Gold 2 Loan from the cash deposit during 2022.
- 2022 was an active year for mining and stacking on the heap leach phase at the ATO gold mine.
- The Company’s consolidated financial results for the year ended December 31, 2022 have been filed on SEDAR.
ULAANBAATAR, Mongolia, March 13, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) today announces the filing of a technical report (the “Technical Report”) regarding its 100% owned Altan Tsagaan Ovoo Project located in Mongolia.
Key Points:
- ULAANBAATAR, Mongolia, March 13, 2023 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) today announces the filing of a technical report (the “Technical Report”) regarding its 100% owned Altan Tsagaan Ovoo Project located in Mongolia.
- The Technical Report titled “Altan Tsagaan Ovoo Project (ATO) 2022 Mineral Resources & Reserves Report (NI 43-101)” has been prepared by Xenith Consulting Pty Ltd and GeoRes.
- The Technical Report is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.steppegold.com.
