- Business
- Torq Resources Inc. is a Vancouver-based junior exploration company focused on the acquisition, exploration, and development of copper and gold mineral properties primarily in Chile, a leading global mining jurisdiction. Founded in 1985 and headquartered at 1199 West Hastings Street, Suite 600, Vancouver, British Columbia, Canada V6E 3T5, the company holds options to earn up to 100% interests in key projects including the Santa Cecilia gold-copper porphyry project spanning 3,250 hectares in the Maricunga belt adjacent to Newmont and Barrick's Norte Abierto development; the Margarita iron oxide-copper-gold project covering 1,045 hectares near Copiapo; and the Andrea copper porphyry project, targeting high-grade mineralization through advanced drilling programs such as the ongoing Santa Cecilia campaign that recently intersected 557 meters of 0.38 g/t gold, 0.23% copper, and 56 ppm molybdenum. Torq operates exclusively in the Americas with emphasis on Chile's prolific copper-gold belts, serving institutional investors and mining partners through its TSX Venture Exchange listing (TORQ.V) and OTCQB quotation (TRBMF). In recent developments, the company finalized a January 2025 earn-in option and joint venture agreement with an affiliate of Gold Fields Limited, enabling Gold Fields to fund up to USD$48 million over six years for a potential 75% indirect interest in Santa Cecilia, including a committed USD$6 million initial spend that converted prior USD$1.8 million bridge loans; Gold Fields elected Stage 2 in October 2025 committing approximately USD$11 million for further drilling; and Torq completed a CAD$3.12 million recapitalization in June 2025 via private placement units and debt settlements to bolster working capital and support exploration amid the Santa Cecilia joint venture.