Velocity Minerals Ltd.
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in mil. unless spec.Company Description
- CEO
- Keith J. Henderson
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 999 West Hastings Street Vancouver BC Canada V6E 4A2
- IPO Date
- Mar 14, 2002
- Website
- velocityminerals.com
- Similar Companies
- Business
- Velocity Minerals Ltd. is a precious metals and copper exploration company focused on identifying and advancing high-potential copper, gold, and silver projects primarily in Europe, with operations concentrated in Bulgaria and northern Greece. The company's core products and services include the exploration, acquisition, and evaluation of mineral resource properties such as copper-gold deposits, gold-silver properties, and associated prospecting licenses. Key projects include the Zlatusha copper-gold project, the Iglika copper-gold project undergoing surface exploration and diamond drilling, the Rozino gold deposit—a feasibility-stage joint venture with probable reserves moving through permitting—and the Obichnik gold deposit, which holds inferred resources with expansion potential. Velocity also holds a portfolio of prospecting licenses covering over 189,000 hectares, positioning it as a significant explorer in Bulgaria. The company leverages modern exploration techniques and is committed to sustainable and responsible practices in the energy transition mining sector. Recent major changes include Velocity's definitive agreement to sell all its Bulgarian assets, including a 70% interest in the Rozino project and associated licenses, to Türker Global Madencilik Sanayi Ve Ticaret A.Ş. for USD 59 million, a transaction advancing through shareholder approval as of 2025. This strategic sale marks a shift from asset ownership in Bulgaria to potential new acquisition and exploration opportunities throughout Europe and Asia. Additionally, Velocity entered an option agreement to acquire a 100% interest in a gold-silver exploration property in Bulgaria, expanding its portfolio despite the divestiture. The company has also been active in project generation in northern Greece, securing an exploration license at the Miriofito property within the Tethyan belt. Velocity continues growing its resource base through acquisitions, licensing, and project developments aimed at value creation in the copper and precious metals exploration sector. Velocity Minerals was founded in 2007 and is headquartered in Vancouver, British Columbia, Canada. It operates primarily within the mining exploration industry, targeting precious metals and base metals markets with a focus on innovative exploration methods and sustainable practices. The company’s leadership team comprises experienced mining industry experts with global experience in Europe, Asia, and the Americas, guiding ongoing expansions and portfolio diversification. Velocity Minerals Ltd. is publicly traded on the TSX Venture Exchange (ticker: VLC.V) and OTCQB (ticker: VLCJF).
Company News
Velocity Provides Update on Sale of Bulgarian Assets
Velocity Announces New Director
Velocity Announces Exercise of Warrants and Granting of Stock Options
Velocity Provides Transaction Update
Velocity Receives US $16.5 Million First Tranche Payment from Türker Global Madencilik Sanayi Ve Ticaret A.S.
Velocity Shareholders Approve Sale of Bulgarian Assets
Velocity Acquires Copper-Gold Exploration Property in Northern Greece
Velocity Enters into Definitive Agreement to Sell All Bulgarian Assets
Velocity Provides Additional Transaction Update On Sale of Bulgarian Assets
Velocity Provides Transaction Update On Sale of Bulgarian Assets
Velocity Agrees to Sell All Bulgarian Assets for USD $59.0 Million
Velocity Minerals Amends Zlatusha Project Option Agreement with Raiden Resources
Velocity Minerals Provides Update for the Zlatusha Copper-Gold Project, Bulgaria
Velocity Receives Positive Drill Results from Iglika Copper-Gold Project, Southeast Bulgaria
Velocity Reports Positive Exploration Results at Zlatusha Copper-Gold Property, Bulgaria
Velocity Announces Commencement of Phase II Drilling at Iglika Property, Bulgaria
Velocity Provides Exploration and Drilling Update, Iglika Copper Gold Project, Bulgaria
Velocity Enters into Option Agreement to Acquire 75% Interest in the Kalabak Gold - Copper Property in Bulgaria