News & Videos - ORSU METALS CORP NEW

VANCOUVER, BC / ACCESSWIRE / March 21, 2023 / Orsu Metals Corporation (NEX:OSU.H) ("Orsu" or the "Company") reports that the three directors of the Company: Sergey Kurzin, David Rhodes and Mark Corra have resigned effective immediately. A year ago, the Board had considered the sanctions made against Russia due to Russia's invasion of Ukraine, neither of which were expected to be resolved quickly. Given the Company's limited cash treasury and inability to raise additional equity financing, as a...

VANCOUVER, BC / ACCESSWIRE / March 16, 2023 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") provides a corporate update. On November 30, 2022, the Company reported that following the disposition of its sole mineral project (as announced on November 14, 2022) the TSX Venture Exchange (the " Exchange ") determined that the Company did not meet the continued listing requirements for a Tier 2 listed company, and therefore the Company was on notice ending March 1, 2023 (the " Notice...

VANCOUVER, BC / ACCESSWIRE / January 19, 2023 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") announces that effective January 18, 2023, Dan O'Brien and Ben Meyer have stepped down as Chief Financial Officer and Corporate Secretary, respectively. The Board thanks Mr. O'Brien and Mr. Meyer for their contributions to the Company over their tenure. ON BEHALF OF THE BOARD Sergey Kurzin, Interim Managing Director...

VANCOUVER, BC / ACCESSWIRE / November 30, 2022 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") reports that following the disposition of its sole mineral project, announced on November 14, 2022, the TSX Venture Exchange (the " Exchange ") has determined that the Company does not currently meet the continued listing requirements for a Tier 2 listed company, and therefore the Company is on notice ending March 1, 2023 (the " Notice Period ") from the Exchange that its listing may be...

VANCOUVER, BC / ACCESSWIRE / November 14, 2022 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") provides an update to its October 14, 2022, announcement following the termination of the non-binding letter of intent with respect to a business combination that would have resulted in a reverse takeover and change of business of Orsu (the " Proposed Transaction "). Subsequently, the Company sought and received shareholder approval by way of a consent resolution to waive the closing of...

VANCOUVER, BC / ACCESSWIRE / October 14, 2022 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") entered into a non-binding letter of intent (the " LOI ") with Invenir Ltd. and Skyfire Ltd. (collectively, the " Target Companies" ) with respect to a business combination that would result in a reverse takeover and change of business of Orsu (the " Proposed Transaction "), as announced in the Company's press release dated May 24, 2022. Pursuant to the LOI, the Proposed Transaction was...

VANCOUVER, BC / ACCESSWIRE / August 26, 2022 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") . Orsu is pleased to announce that the shareholders of Orsu (the " Shareholders ") have approved the disposition (the " Disposition ") of Orsu's 90% interest (the " Majority Interest ") in the Sergeevskoe gold project (the " Russian Assets ") to the holders of the other 10% interest in the Russian Assets (the " Buyers "). The Disposition was approved by 99.6% of the votes cast by...

VANCOUVER, BC / ACCESSWIRE / August 19, 2022 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") . As announced on May 24, 2022, Orsu entered into a share purchase agreement (the " SPA ") providing for the sale (the " Disposition ") of Orsu's 90% interest (the " Majority Interest ") in the Sergeevskoe gold project (the " Russian Assets ") to the holders of the other 10% interest in the Russian Assets (the " Buyers "). The SPA provides that the Buyers will acquire the Majority Interest...

VANCOUVER, BC / ACCESSWIRE / July 28, 2022 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") provides an update on a business combination as announced on May 24, 2022. Orsu entered into a non-binding letter of intent (the " LOI ") with Invenir Ltd. (" Invenir ") and Skyfire Ltd. (" Skyfire ", collectively, the " Target Companies" ), pursuant to which Orsu and the Target Companies will complete a business combination that will result in a reverse takeover and change of business of...

VANCOUVER, BC / ACCESSWIRE / July 15, 2022 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") . On September 21, 2017, the Board granted incentive stock options (the " Options ") under the Company's 2017 Stock Option Incentive Plan (the " Plan ") to purchase an aggregate 2,845,000 common shares in the capital of the Company (the " Option Shares ") to directors, officers, employees and consultants (the " Optionees ") exercisable for a period of five years expiring on September 21,...

VANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") . As announced on May 24, 2022, Orsu entered into a non-binding letter of intent (the " LOI ") with Invenir Ltd. (" Invenir ") and Skyfire Ltd. (" Skyfire ", collectively, the " Target Companies" ), pursuant to which Orsu and the Target Companies will complete a business combination that will result in a reverse takeover and change of business of Orsu (the " Proposed Transaction "). The...

VANCOUVER, BC / ACCESSWIRE / May 24, 2022 / Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent dated as of May 23, 2022 (the " LOI ") with Invenir Ltd. (" Invenir ") and Skyfire Ltd. (" Skyfire ", collectively with Invenir, the " Target Companies" ), pursuant to which Orsu and the Target Companies will complete a business combination that will result in a reverse takeover and change of business of Orsu (the "...

VANCOUVER, BC / ACCESSWIRE / March 8, 2022 / Orsu Metals Corporation (TSX-V:OSU) ("Orsu" or the "Company") owns 90 percent of the Sergeevskoe gold exploration project located in the Zabaikalskiy Region of eastern Russia. The property is leased from the Russian Government until 2031. In February 2022, countries around the world imposed a number of sanctions on Russia in response to its invasion of Ukraine. These sanctions include, but are not limited to, removing certain Russian banks from the...

VANCOUVER, BC / ACCESSWIRE / January 7, 2022 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") has issued a total of 559,908 shares for services (amended from 675,292 as previously announced). To December 31, 2021, there is a total accrual of the Canadian equivalent of $145,576 which has been settled in full by the issuance of a total of 559,908 shares of the Company priced at $0.26, being the closing share price on December 31, 2021. The common shares are subject to a four-month...

VANCOUVER, BC / ACCESSWIRE / January 5, 2022 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") plans to issue 675,292 shares for services. In 2017, the Company reached agreement with its directors, officers and a consulting advisor that each director, officer or consulting advisor may elect to be paid up to 100% of their annual fees in common shares of the Company, subject to the approval of the TSX Venture Exchange (the " Exchange "). The Company will settle the total amount...

Highlights A consistent porphyry Cu-Au-(+/-Mo) signature was identified based on >0.05% Cu/>0.1 ppm Au anomalism in 2021 soil samples The Surprise anomaly measures 1000x650 m with up to 0.29% Cu and 0.89 ppm Au values The Sergeeva anomaly is 1100x250 m with up to 0.32% Cu and 0.74 ppm Au values The 400x100 m Ust-Borovoe anomaly returned up to 0.15% Cu and 0.36 ppm Au VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") is pleased to report...

WHITE ROCK, BC / ACCESSWIRE / November 15, 2021 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") is pleased to provide an update on its exploration activities at the Sergeevskoe project in Russia. As previously reported, the Company has completed a geochemical sampling survey. Orsu has now received analytical results for all 2457 soil samples collected from approximately 5.5 square kilometres outside of the resource envelope of the Sergeevskoe licence area and excluding the...

WHITE ROCK, BC / ACCESSWIRE / September 21, 2021 / Orsu Metals Corporation (TSXV:OSU)(OTC PINK:ORSUF) ("Orsu" or the "Company") is pleased to provide an update on its exploration activities at the Sergeevskoe project located in Russia. The Company has completed a geochemical sampling survey. A total of 2456 soil samples were collected, covering approximately 5.5 square kilometres of the license area outside of the resource envelope located in the southeast of the Sergeevskoe licence area and...

VANCOUVER, BC / ACCESSWIRE / September 15, 2021 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") provides an update on its activities at the Sergeevskoe project. On 2 nd of September 2021 Orsu signed an agreement with the Russian Government confirming that the Sergeevskoe project is included into the territory of the Advanced Social Economic Zone in the Russian Federation. The territories of Advanced Social Economic Zone in Russia aim to stimulate investments into various...

VANCOUVER, BC / ACCESSWIRE / January 20, 2020 / Orsu Metals Corporation (TSXV:OSU) ("Orsu" or the "Company") is pleased to announce the results of an updated Mineral Resource estimate for its Sergeevskoe Gold Project in Zabaikalsky Krai, Russia. The Mineral Resource estimate was independently prepared by Wardell Armstrong International Ltd. ("WAI") in accordance with the guidelines of the JORC Code (2012)/CIM Definitions Standards and NI 43-101 requirements. A Technical Report covering the...