Torq Resources Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Shawn Kristen Wallace
- Full Time Employees
- 15
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 1177 West Hastings Street Vancouver BC Canada V6E 3T5
- IPO Date
- Sep 14, 2011
- Website
- torqresources.com
- Similar Companies
- 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.
Company News
Torq Resources Completes Extension of Credit Facility
Torq Completes $529,000 Debt Settlement
Torq Completes $1.7 Million Private Placement
Torq to Upsize Financing to $1.7 Million, Provides Other Updates
Torq Announces Debt Settlement and Corporate Update
Torq Announces C$1.25 Million Financing and Loan Extension
Torq Resources Grants Stock Options
Torq Resources Announces Voting Results of Annual General Meeting
Torq Provides Santa Cecilia Project Update
Torq Announces That Gold Fields Has Elected to Proceed to Stage 2 of Santa Cecilia Project Option USD$11 Million Drilling Program to Start at Santa Cecilia
Torq Resources to Present at Kinvestor Day 2025 Virtual Investor Conference
Torq Resources Drills 450m of 0.51 g/t Gold and 0.155% Copper within 652m of 0.42 g/t Gold and 0.134% Copper, Marking a Third Discovery within the Santa Cecilia Gold-Copper Project, Chile
Torq Terminates Margarita Project Option, Retains Adjacent Concession
Torq Resources Provides Operations Update
Torq Resources Completes Extension of Credit Facility
Torq Resources Engages Investor Relations Agency Kin Communications Inc.
Torq Completes $3.12 Million Recapitalization Transactions
Torq Provides Drilling, Financing, and Corporate Update
Torq Resources to Raise C$2 Million, Settle Debts and Extends Credit Facility
Torq Commences Drilling at Santa Cecilia and Announces Board Change