Orsu Metals Corporation
ORSUF
Other OTC0.02
USD
- -
- -
ISIN
CA68752A1049
Return %
Stock
S&P500
1Y
-85.00
21.04
3Y
-85.00
70.88
5Y
-85.00
73.53
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Sergey Vladimirovich Kurzin
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 15782 Marine Drive White Rock BC Canada V4B 1E6
- IPO Date
- May 11, 2005
- Website
- orsumetals.com
- Similar Companies
- Business
- Orsu Metals Corporation is a mineral exploration and development company primarily focused on the acquisition, exploration, and development of precious and base metal properties. The company's principal asset was the 90% owned Sergeevskoe gold project located in the Transbaikal'skiy Region of the Russian Federation, which consisted of an inferred resource of approximately 30 million tons of ore at 1.45 grams per ton gold, totaling about 1.42 million ounces of gold. Orsu Metals' core activities included exploration and resource development targeting gold and copper mineralization with associated porphyry Cu-Au targets identified at the Sergeevskoe project. In recent major corporate changes, Orsu Metals completed its exit from Russia by selling its 90% interest in the Sergeevskoe gold project to the holders of the remaining 10% interest in 2022, closing the disposition of its majority interest and ending its operations in Russia. This strategic divestment marked a significant transformation for the company as it ceased active mineral exploration in Russia and shifted its business focus. Along with this transaction, Orsu Metals implemented management changes, including appointments and resignations of key directors and executives, and sought new qualifying mineral exploration acquisitions to progress its business forward. The company also worked towards reinstatement for trading on the TSX Venture Exchange after these changes. Headquartered in Vancouver, British Columbia, Canada, Orsu Metals was founded in 2007 and has historically operated within the mining industry, specifically focusing on precious metals exploration and development. Following its exit from Russian assets, the company is engaged in evaluating further exploration and development opportunities globally and intends to pursue new acquisitions supported by concurrent equity financing to reposition its portfolio and operations. Orsu Metals emphasizes acquisition, exploration, and development of resource properties with a focus on creating shareholder value through mineral resource growth and project advancement. This description covers Orsu Metals Corporation's main products as mineral exploration and development activities related to precious and base metals, their significant recent exit from Russian mineral assets and operational changes, and their ongoing strategy for new acquisitions and business repositioning in the mining sector. It reflects the company's transition phase and its pursuit of new mineral resource opportunities beyond its previous Russian interests.