Velocity Minerals Ltd.
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
- Keith J. Henderson
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 999 West Hastings Street Vancouver BC Canada V6C 2W2
- IPO Date
- Aug 3, 2012
- Website
- velocityminerals.com
- Similar Companies
- Business
- Velocity Minerals Ltd. is a precious metals and base metals exploration company primarily focused on gold and copper exploration in Europe. The company’s core products and services include the exploration and development of mineral properties, with key assets historically concentrated in southeastern Bulgaria. Its main holdings include a 70% interest in the Rozino gold project and other nearby gold deposits such as the Momchil, Nadezhda, and Iglika properties. Velocity Minerals pursues a “Hub & Spoke” development strategy aimed at producing gold concentrates from multiple deposits for central processing at a strategically important gold processing plant operated by a Bulgarian partner, Gorubso Kardzhali A.D. The company also recently expanded its geographic operations to northern Greece, where it has acquired exploration licenses for copper-gold projects. Velocity was founded in 2007 and is headquartered in Vancouver, British Columbia, Canada. In recent major developments, Velocity Minerals agreed to sell all its Bulgarian assets for approximately USD 59 million to Türker Global Madencilik Sanayi ve Ticaret A.Ş., a Turkish mining company, under a definitive share purchase and option agreement finalized in early 2025. This transaction includes the sale of its 70% stake in the Rozino project along with licenses, license applications, and associated rights for other mineral properties in Bulgaria. Following this strategic divestiture, Velocity has been active in project generation and exploration in northern Greece, where it secured an exploration license in 2025. The company has also signed a Funding and Technical Services Agreement with Türker to facilitate the transition. These moves mark a significant strategic shift away from Bulgarian hard asset holdings towards advancing a development and exploration pipeline in Greece and possibly other European locations. Velocity continues to focus on gold and copper exploration and aims to leverage existing operational expertise and partnerships to grow its resource base in these new regions. Velocity operates primarily in the gold and base metals mining exploration industry with a business model centered on acquiring and developing high-potential mineral properties and advancing them toward commercial production. The company targets markets in southeastern Europe, including Bulgaria and Greece, with a strong emphasis on leveraging local processing infrastructure and cost-effective development strategies. Velocity's strategic alliances and recent asset sales reflect a repositioning to consolidate and focus its project pipeline for enhanced growth prospects. The company is listed on the TSX Venture Exchange under the ticker VLC and on the OTCQB Market under VLCJF.
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