GobiMin Inc.
GMNFF
Other OTC1.27
USD
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GobiMin Inc.
GMNFF
(Other OTC)
Recent
price
1.27
P/E
ratio
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div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- GobiMin Inc. (GMNFF) operates as an investment issuer focused on acquiring equity, debt, or other securities in publicly traded and private companies, as well as properties; the company previously engaged in mineral exploration and development, primarily gold and copper projects in China. It holds investments including a remaining indirect interest in a commercial office building in Xinjiang, China, following the divestiture of its mining assets. GobiMin was founded in 2005 and maintains its headquarters in Toronto, Canada. The company's core activities center on building a diversified investment portfolio leveraging its industry expertise and financial resources; prior to its 2017 business shift from a mining issuer, it explored and developed properties such as the Sawayaerdun Gold Project in Xinjiang, China, in which it held a 70% indirect equity interest, and the Yanxi Copper Property. In July 2022, GobiMin completed the disposal of its 100% indirect equity interest in Xinjiang Weifu Mining Limited, which controlled the Sawayaerdun Gold Project, to a subsidiary of a Hong Kong-listed mining company for USD68 million, with final payment received in December 2022; this transaction marked the exit from its primary mining operations. In March 2023, the company underwent privatization through a share consolidation and purchase agreement with Belmont Holdings Group Limited, resulting in delisting from the TSX Venture Exchange on March 9, 2023. These changes reflect a strategic pivot to pure investment activities post-2017, including earlier disposals such as partial stakes in Loco Hong Kong Holdings Limited in 2015 and 2016, and various mining assets between 2009 and 2014.