Tsodilo Resources Ltd. is pleased to announce that it has negotiated a non-brokered private placement of 2,200,941 units of the Company at a price per Unit of CDN $0.20, which will provide gross proceeds to the Company in the amount of CDN $440,188.20. Proceeds from the Private Placement will be used for the advancement of the Xaudum Iron Formation project in Botswana and for general corporate purposes and working [...]
Tsodilo Resources Ltd. reports that in terms of the Stock OptionPlan of the Company and a policyadopted by the board of directors in September 2002, 650,000stock options were granted to officers, senior employees, and advisors to be effective on January 1, 2023, at CDN $0.20 per common share.These options are valid for five years and vest in four equal installments on January 1, 2023, July 1, 2023, January 1, 2024, and [...]
Tsodilo Resources Ltd. announces subject to receipt of required acceptance from the TSX-V, the Company will extend the expiry of a total of 2,804,055 outstanding common share purchase warrants . The Warrants were issued pursuant to a public offering which closed on February 10, 2023, to which the Company issued 2,986,038 units of the Company at a price of C$0.50 per Unit. Each Unit consisted of one common share of the [...]
Tsodilo Resources Ltd. wishes to provide a corporate update with respect to its legal action Botswana Ministry of Minerals & Energy . Since the filing of the complaint against MME on October 31, 2022 , there has been an overwhelming request for proceeding filings and related documentation pertinent to the matter. To be fully transparent and meet the volume of requests, the Company has established landing page regularly [...]
Tsodilo Resources Ltd. wishes to provide a corporate update with respect to its exploration and evaluation projects in Botswana. On or about June 30, 2021, the Company's wholly owned Botswana subsidiary, Gcwihaba Resources Ltd. submitted prospecting renewal license applications for its Xaudum Iron Formation project in northwest Botswana. Of the then current 7 licenses, two licenses were relinquished in their entirety and [...]
Tsodilo Resources Ltd. wishes to provide a corporate update with respect to its exploration and evaluation projects in Botswana. On or about June 30, 2021, the Company's wholly owned Botswana subsidiary, Gcwihaba Resources Ltd. submitted prospecting renewal license applications for its Xaudum Iron Formation project in northwest Botswana. Of the then current 7 licenses, two licenses were relinquished in their entirety and [...]
Tsodilo Resources Ltd. is pleased to announce that at its Annual Meeting of shareholders held on June 30, 2022, the following directors were elected: James M. Bruchs, Thomas S. Bruington, Jonathan R. Kelafant, Blackie Marole and Mark Scowcroft. Appointment of Auditors The shareholders also approved the appointment of Crowe MacKay LLP, Vancouver, Canada, as auditors of the Company. Grant of Stock Options Under the terms of [...]
Tsodilo Resources Ltd. announces that its request for a Management Cease Trade Order was denied on May 4, 2022, by the Ontario Securities Commission . Pursuant to National Policy 12-203 - Management Cease Trade Orders , the Company notified OSC on April 27, 2022, that it anticipated a delay in filing its financial statements for the year-ended December 31, 2021, and the related management's discussion and analysis and [...]
Tsodilo Resources Ltd. as informed by the Ministry of Works and Transport is pleased to announce that the Final Feasibility Study for the Trans-Zambezi Railway Extension Grootfontein-Rundu-Katima Mulilo has been completed. The Study involved the construction of the Trans-Zambezi Railway extension from Grootfontein to Katima Mulilo via Rundu in Namibia and is part of a multinational railway line between Namibia and Zambia [...]
Tsodilo Resources Ltd. reports that in terms of the Stock Option Plan of the Company and a policy adopted by the board of directors in September 2002, 425,000 stock options were granted to officers, senior employees and consultants to be effective January 1, 2022, at CDN $0.64 per common share. These options are valid for five years and vest in four equal installments on January 1, 2022, July 1, 2022, January 1, 2023 and [...]
Tsodilo Resources Ltd. is pleased to announce positive geotechnical lab test results for its wholly owned Xaudum Iron Project. These are the first set of geotechnical lab tests conducted on the Xaudum Iron Formation and indicate that the XIF materials are competent and have good to moderate strength properties and will result in a positive set of geotechnical parameters to be used in the ongoing Preliminary Economic [...]
Tsodilo Resources Ltd. is pleased to announce that its advanced evaluation program on the Xaudum Iron Formation project is progressing as planned. Drill and assay results confirm that Block 2a located 10 kilometers south of Block 1 is a continuation of the same Block 1 magnetite rich units which will result in a significant increase in the resource tonnage for the XIF project upon completion of the Block 2a drill program [...]