TRU Precious Metals Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Steve Nicol
- Full Time Employees
- 8
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 70 Trius Drive Fredericton NB Canada E3B 5E3
- IPO Date
- Nov 23, 2020
- Website
- trupreciousmetals.com
- Similar Companies
- Business
- TRU Precious Metals Corp. is a Canada-based mineral exploration company focused on gold and copper deposits in the Central Newfoundland Gold Belt. The company holds a portfolio of projects including its flagship Golden Rose Project, a regional-scale 297.50 square kilometre land package straddling 45 kilometres of strike length along the gold-bearing Cape Ray-Valentine Lake Shear Zone; the Twilite Gold Project, consisting of 65 claims covering 16.25 square kilometres along the same structural corridor; and a 51% interest in the Staghorn Project joint venture with Quadro Resources Ltd., covering 33.25 square kilometres within the Golden Rose area. TRU conducts exploration activities such as diamond drilling, rock sampling, soil sampling, trenching, channel sampling, geophysical surveys including induced polarization, and prospecting for gold and copper mineralization, targeting high-grade zones like Mark's Pond, Rich House, Jacob's Pond, Woods Lake, and copper-focused areas. Operations are centred in Central Western Newfoundland, Canada, with all properties located in this highly prospective district between major deposits such as Equinox Gold's Valentine Project and AuMEGA Metals' Cape Ray Gold Project; the company targets junior mining investors and strategic partners in the precious and base metals sectors. Founded in 1996 and headquartered at 70 Trius Drive in Fredericton, New Brunswick, TRU changed its name from Trius Investments Inc. in October 2020 upon shifting to a mining issuer focus. Recent developments include signing a definitive earn-in agreement with Eldorado Gold Corporation in July 2024, granting the latter an exclusive option to earn an 80% interest in the Golden Rose Project for up to $15 million in expenditures and cash over four years; appointing Steve Nicol as CEO in August 2024; completing a 1,988-metre diamond drilling program at Golden Rose in 2025; commencing an 1,800-metre drilling program in 2025 with MCL Drilling; exercising the initial option for 51% of Staghorn while opting not to pursue an additional 14% interest; granting an option on Twilite to Copperhead Resources Inc. for 100% interest; voluntarily delisting from OTCQB effective May 31, 2025 after a prior delisting in 2023 and relisting; reporting high-grade gold assays from Mark's Pond to Rich House fairway sampling and copper exploration results in 2024; securing CAD$3 million funding from Ormonde Mining Plc in 2023; and ongoing leadership changes including the departure of Corporate Secretary Heran Zhou in February 2025.
TRU Precious Metals Corp. Announces Adoption of Semi-Annual Financial Reporting Under Coordinated Blanket Order 51-933
TRU Exercises Initial Option to Acquire 51% Interest in Staghorn Property
TRU Announces Commencement of Drilling at Golden Rose
TRU Awards Drilling Contract for the 2025 Drilling Program at Golden Rose
TRU Announces Change of Corporate Secretary
TRU Reports High Grade Gold in Rock Samples recovered from the Golden Rose Project
TRU Copper Exploration Program Returns Samples Assaying 3.7% and 3.2% Cu at Golden Rose
TRU Precious Metals Completes Granting of Golden Rose Option to Eldorado Gold
TRU Concludes Normal Course Issuer Bid
TRU Appoints Experienced Mining Executive Steve Nicol as New CEO
TRU Precious Metals Receives Shareholder and TSXV Approval for Golden Rose Option Agreement with Eldorado Gold
TRU Precious Metals Enters Definitive Option Agreement with Eldorado Gold
TRU Engages Global One Media for Digital Marketing Services
TRU to Present at the Battery & Precious Metals Virtual Investor Conference July 23rd, 2024
TRU Commences Copper Exploration Program at Golden Rose
Eric Sprott Announces Changes to His Holdings in TRU Precious Metals Corp
TRU Precious Metals announces departure of VP of exploration
TRU Grants Incentive Stock Options
TRU Precious Metals CEO says he's been a big buyer of the company's stock
TRU Precious Metals launches share repurchase program