GlobeNewswire·Mar 5, 2026, 8:00 AM ET

Entrée Resources Announces Fiscal Year 2025 Results and Reviews Q4 Corporate Highlights

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Entrée Resources Ltd. filed its annual operational and financial results for the year ended December 31, 2025, with all figures in U.S. dollars.
The Company's operating loss for 2025 was $4.2 million, a decrease from $4.8 million in 2024, driven by lower legal costs compared to the previous year's arbitration proceedings.
Cash balance as of December 31, 2025, stood at $4.3 million, while operating cash outflow before non-cash working capital changes was $2.6 million.
Mongolia's Parliament approved Resolution No. 62 in Q3 2025 to form a Temporary Oversight Committee investigating the State's interest in the Oyu Tolgoi Strategic Deposit.
On December 26, 2025, Mongolia's Parliament passed Resolution No. 120 directing the Government to implement measures regarding the Oyu Tolgoi Strategic Deposit, provide quarterly reports, and present results in the Autumn 2026 session.
A Government Working Group led by the Minister of Industry and Mineral Resources was established to negotiate the State's interest, with a preliminary meeting held on December 10, 2025.
Development work on Oyu Tolgoi Lift 1 Panel 1 remains paused pending the transfer of Shivee Tolgoi mining licences from Entrée LLC to Oyu Tolgoi LLC.
The 2025 infill drilling program at the Hugo North Extension deposit included approximately 8,329 metres underground and 9,050 metres on the surface, with partial completion reported by year-end.
Rio Tinto announced on January 21, 2026, that the Oyu Tolgoi Lift 1 underground mine ramp-up remains on track to reach approximately 500,000 tonnes of copper annually from 2028 to 2036.
Record copper production was achieved in Q4 2025, supported by a fully operational conveyor to surface with daily throughput averaging 42,000 tonnes in December.
An arbitration award from December 19, 2024, ruled in favor of Entrée Resources regarding the transfer of licences, but the transfer is delayed due to tax assessment issues.
The Mongolian tax authority stated it cannot confirm licence values or issue tax payment certificates until the State ownership percentage is determined, leading to a court hearing scheduled for March 2026.
Delays in transferring licences to the joint venture partner could significantly impact development schedules, costs, and the Company's financial condition.
Dr. Michael Price retired from the Board on December 31, 2025, with Mr. Chris Adams appointed as an independent director effective January 1, 2026.
Royal Gold, Inc. closed its acquisition of Sandstorm Gold Ltd. and Horizon Copper Corp. via its subsidiary International Royalty Corporation on October 20, 2025.
The Company capitalized $1.1 million in development costs for Lift 1 Panel 1 as of December 31, 2025, after determining key development milestones were achieved.
Entrée Resources maintains a 20% or 30% carried interest in the Entrée/Oyu Tolgoi Joint Venture, depending on the depth of mineralization.