Entrée Resources Ltd.
ETG.TO
Toronto Stock Exchange3.08
CAD
-0.05
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Entrée Resources Ltd.
ETG.TO
(Toronto Stock Exchange)
Recent
price
3.08
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Entrée Resources Ltd. is a Canadian mineral exploration company primarily engaged in mining and exploration activities with a focus on copper and gold resources. The company holds a carried participating interest in the Entrée/Oyu Tolgoi Joint Venture (JV) located in Mongolia, one of the world's largest copper-gold projects. Entrée Resources' core assets include its interest in multiple mineral properties within this JV, where it benefits from a 20% or 30% carried interest, depending on the depth of the mineralization. The company’s primary business activity includes the exploration, development, and potential production of copper and gold concentrates through its stake in the Oyu Tolgoi underground mine, which is operated by its JV partner, Oyu Tolgoi LLC. Entrée Resources manufactures and sells mineral concentrates primarily copper and gold sourced from the underground mining operations at the Oyu Tolgoi site. Its services revolve around joint venture management and strategic collaborations to advance mining development and production. The company also engages in exploration activities targeting copper-gold deposits in the region to expand its resource base. Entrée Resources operates largely in Mongolia through its joint venture projects, supporting the mining production infrastructure, including ore extraction and processing enhancements. Recent major corporate developments include the formal execution of a joint venture agreement with Oyu Tolgoi LLC in early 2025, underpinning its carried interest in ongoing underground developments at Oyu Tolgoi. The company experienced key operational milestones such as the commencement and ramp-up of underground mine development and first ore transportation via a newly commissioned conveyor system capable of moving ore from depths of up to 1,300 meters to surface processing facilities. Entrée Resources reported significant progress in commissioning activities for infrastructure upgrades, including the concentrator conversion and primary crusher construction, expected to be completed by late 2025. Other important recent changes include a strategic financial strengthening with a $5.7 million financing secured in early 2025 to support arbitration processes and ongoing negotiations related to mining license transfers. Entrée also appointed a new independent director effective January 2026 as part of a leadership transition aimed at improving corporate governance and operational clarity. The company is actively involved in resolving regulatory and contractual issues that affect the development timetable of the joint venture, including efforts to transfer key mining licenses to its JV partner. Production growth is forecasted with plans aiming towards an average annual output of 500,000 tonnes of copper by 2028-2036. Entrée Resources was founded in 1996 and is headquartered in Vancouver, Canada. Its key shareholders include major mining companies such as Royal Gold and Rio Tinto, which hold significant stakes in the company. Entrée Resources operates within the mining and metals industry, serving primarily the copper and gold sectors with customers and stakeholders including large-scale mining operators and investors in Mongolia and internationally. The company’s operations and strategic initiatives are focused on advancing its stake in the Oyu Tolgoi project, one of the most significant copper-gold mining developments globally, while maintaining active exploration and resource expansion programs. This description incorporates Entrée Resources' detailed core products and services, geographic focus, industry positioning, recent operational and strategic developments, and key corporate information as available through the latest public information as of late 2025.