newsfilter
← Latest News
GlobeNewswire·

Entrée Resources Announces Third Quarter 2025 Results

ERLFFRGLD
  • Entrée Resources Ltd. filed interim financial results for the third quarter ended September 30, 2025, reporting an operating loss of $0.6 million for the three-month period.
  • The Company filed a claim with the Administrative Court of Mongolia seeking an order for the tax authority to review \& confirm licence value calculations required before transferring the Shivee Tolgoi \& Javkhlant mining licences to OTLLC.
  • The Mongolian Government approved Resolution No. 62 to establish a Temporary Oversight Committee investigating the protection of state interests in the Oyu Tolgoi Strategic Deposit, for which Entrée has submitted thousands of pages of documentation.
  • A renewed Working Group led by Mongolia's Minister of Industry \& Mineral Resources was established via Order No. 73 to negotiate the State's interest, with Entrée confirming its negotiating team composition on October 17, 2025.
  • Underground development work on Oyu Tolgoi Lift 1 Panel 1 remains paused pending the transfer of mining licences from Entrée LLC to OTLLC.
  • The Entrée/Oyu Tolgoi Joint Venture approved a 2025 infill diamond drilling program at the Hugo North Extension deposit, completing 2,447 metres underground \& 4,759 metres on the surface by September 30, 2025.
  • Rio Tinto announced record quarterly copper production at Oyu Tolgoi on October 14, 2025, as the project ramps up to become the world's fourth largest copper mine by 2030.
  • Key infrastructure milestones achieved in Q3 2025 include the completion of the fifth ball mill load commissioning \& the primary crusher #2 construction ahead of plan.
  • Corporate cash balance stood at $4.9 million as of September 30, 2025, while operating cash outflow before working capital changes was $0.9 million for the quarter.
  • The Company aims to convert the Entrée/Oyu Tolgoi Joint Venture Agreement into a new agreement that accommodates the State's 34% economic benefit interest, subject to TSX acceptance.
  • Delays in transferring licences or resolving state interest issues could significantly impact development schedules, costs, \& the Company's financial condition.