Entrée Resources Announces Third Quarter 2026 Results
Key Highlights
- ➤C$36.2 million private placement closed, including a new strategic Tether group affiliate investor
- ➤Licence transfer remains unresolved; tax authority deemed valuation documents incomplete for required certificates
- ➤Oyu Tolgoi copper production rose 29% year-to-date, running at ~450 thousand tonne annualized rate
- ➤Q3 operating loss $1.0 million; cash balance $2.5 million at September 30, 2026
- ➤Chris Adams appointed President and Chief Executive Officer after Stephen Scott’s retirement
VANCOUVER, British Columbia, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) has today filed its interim financial results for the third quarter ended September 30, 2026. All numbers are in U.S. dollars unless otherwise noted.
Resolution of State Participation in Area of Licences The Company is focused on the resolution of outstanding issues relating to State of Mongolia participation in the area of the Shivee Tolgoi and Javkhlant mining licences (the “Licences”). The Minerals Law of Mongolia provides the State may, without compensation, be an up to 34% equity participant with any private legal entity in the exploitation of a mineral deposit of strategic importance (a “Strategic Deposit”) where proven reserves were determined through funding sources other than the State budget. The Parliament of Mongolia may determine that the State receive royalty payments in lieu of an equity interest. The Licences are included in the boundaries of the Oyu Tolgoi Strategic Deposit.
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