Torq Resources Inc. would like to clarify the terms of the finder's warrants announced in the May 7, 2024 news release. The correct exercise price for the finder's warrant is $0.10. All other terms are the same as the warrants issued in the private placement. Shawn Wallace CEO & Chair For further information on Torq Resources, please visit [...]
Torq Resources Inc. announces that it has agreed to an amendment of its November 18, 2020 Margarita Project Unilateral Option Agreement to extend the option by one year and to defer the August 22, 2024 payment of USD $1,200,000 for one year. Under the terms of an amending agreement dated August 5, 2024, an additional USD $300,000 , was added to the [...]
Torq Resources Inc. announces that it has agreed to an amendment of its November 18, 2020 Margarita Project Unilateral Option Agreement to extend the option by one year and to defer the August 22, 2024 payment of USD $1,200,000 for one year. Under the terms of an amending agreement dated August 5, 2024, an additional USD $300,000 , was added to the [...]
Torq Resources Inc. is pleased to announce that as of July 31, 2024 it has entered into a non-binding term sheet with an affiliate of Gold Fields Ltd. with respect to a proposed option and joint venture agreement to advance the exploration and development of Torq's Santa Cecilia copper-gold project in Chile . Under the Option Agreement, Gold Fields [...]
Torq Resources Inc. is pleased to announce the Company has received conditional TSX Venture Exchange approval to extend the offering to August 25, 2024 subject to customary conditions including the absence of material changes during the extended offering period. Raising any further funds remains subject to the execution of additional subscription [...]
Torq Resources Inc. is pleased to announce that it has completed the first tranche of its non-brokered private placement, the terms of which were announced on May 7, 2024 , by issuing 4,645,300 units of the Company at an offering price of $0.10 per Unit for gross proceeds of C$464,530. The Company has received conditional TSX Venture Exchange [...]
Torq Resources Inc. is pleased to announce the second set of results from the recently completed Phase II drilling program at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile . The second discovery hole, 24SC-DDH-005, intercepted an interval of 120 m with 1.33 g/t gold , 0.096% copper at a depth of [...]
Torq Resources Inc. is pleased to announce it is undertaking a private placement of up to 15,000,000 units of the Company at an offering price of $0.10 per Unit for gross proceeds to the Company of up to $1.5 million . Each Unit consists of one common share of the Company and one half of one common share purchase warrant of the Company . Each whole [...]
Torq Resources Inc. is pleased to announce the first set of results from the recently completed phase II drill program at its Santa Cecilia project, located in the prolific Maricunga belt, in the Atacama region of Chile. The program consisted of approximately 1,500 metres over three diamond drill holes; two located at the Pircas Norte target and [...]
Torq Resources Inc. is pleased to announce the appointment of Waldo Cuadra, Torq's General Manager in Chile and an Officer, as Director of the Company. Mr. Cuadra has been leading Torq's technical team in Chile since he joined the Company in 2020. He brings over 40 years of experience both as a geologist and an executive within the mining industry [...]
Torq Resources Inc. announces that effective immediately the Company has implemented cash preservation measures including an immediate 50% pay cut for all salaried North American senior executives, a deferral of those reduced salaries until a financing permits payment and a deferral of all directors cash compensation. The Company will also effect [...]
Torq Resources Inc. is pleased to announce it has engaged the services of Independent Trading Group to provide market-making services in accordance with policies of the TSX Venture Exchange . ITG will trade shares of the Company on the TSXV with the objective of maintaining a reasonable market and improving the liquidity of the Company's common [...]