Erdene Resource Development Corporation

(NewsDirect) Erdene Resource Development CEO Peter Akerley joins Natalie Stoberman from the Proactive newsroom to share the company's progress throughout its Mongolian gold exploration projects, highlighted by its recent strategic alliance with Mongolian Mining Corporation MMC to support the development of the Khundii Minerals District. Akerley says this partnership will contribute roughly $40 million to the project, along with senior debt financing from Export Development Canada. Erdene says he envisions further expansion in Mongolia, with multiple gold and molybdenum-copper deposits ye...

HALIFAX, Nova Scotia, May 04, 2023 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the close of the second stage of the Strategic Alliance with Mongolian Mining Corporation (“MMC”), to provide an update on the Bayan Khundii (“BK”) Gold Project development and exploration in the Khundii Minerals District (“KMD”), and to report operating and financial results for the quarter ended March 31, 2023. This release should be read in conjunction with the C...

HALIFAX, Nova Scotia, April 12, 2023 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX: ERD | MSE: ERDN) (“Erdene” or the “Company”) is pleased to announce the commencement of drilling at its 100% owned Zuun Mod molybdenum-copper porphyry project in southwest Mongolia, located within the Khundii Minerals District, 35 kilometres east of the Bayan Khundii Gold Project. Quotes from the Company “We are excited to commence the 2023 drilling program at our Zuun Mod project, one of the largest undeveloped molybdenum-copper deposits in Asia...