The latest announcement is out from Entree Gold ( (TSE:ETG) ).
Entrée Resources Ltd. has announced its fiscal year 2024 results, highlighting a significant arbitration victory against its joint venture partner Oyu Tolgoi LLC and Turquoise Hill Resources Ltd. The arbitration tribunal ruled in favor of Entrée on all issues, leading to the formal execution of the Entrée/Oyu Tolgoi Joint Venture Agreement. This agreement, which dates back to 2008, has been amended to include the Shivee West Property, previously wholly owned by Entrée, now assigned to Oyu Tolgoi LLC with an 80% or 70% beneficial interest. This development marks a crucial step in the company’s operations and strengthens its position within the joint venture, impacting its strategic interests and obligations in the Mongolian mining sector.
More about Entree Gold
Entrée Resources Ltd. operates in the mining industry, focusing on mineral exploration and development. The company is involved in joint ventures and partnerships to explore and develop mining properties, particularly in Mongolia.
YTD Price Performance: -10.71%
Average Trading Volume: 18,626
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $317.5M
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