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Gold Reserve Inc. (“Gold Reserve” or the “Company”) is engaged in the business of acquiring, exploring and developing mining projects. The Company, an exploration stage company incorporated in 1998 under the laws of the Yukon Territory, Canada and continued to Alberta, Canada in September 2014, is the successor issuer to Gold Reserve Corporation which was incorporated in 1956. In 1992, the Company acquired and began developing what is known as the Brisas gold and copper project, located in the historic Km 88 mining district of the State of Bolivar in southeastern Venezuela (the “Brisas Project”). From 1992 to 2009, the Company invested close to US $300 million in acquisition, land exploration, development, equipment, and engineering costs, developing the Brisas Project into what management believed was a world class mining project. In April 2008 the Bolivarian Republic of Venezuela revoked the Authorization to Affect, eliminating the Company`s ability to exploit the Brisas Project. In October 2009, the Company filed a Request for Arbitration under the Additional Facility Rules of the International Centre for Settlement of Investment Disputes (“ICSID”) of the World Bank, in Washington D.C., against the Bolivarian Republic of Venezuela seeking compensation for the losses caused by the actions of Venezuela that terminated our Brisas Project in violation of the terms of the Treaty between the Government of Canada and the Government of Venezuela for the Promotion and Protection of Investments. In September 2014, the ICSID Tribunal unanimously granted us an Award of $740.3 million. In July 2016, we signed a Settlement Agreement (as amended) whereby Venezuela agreed to pay us $792 million to satisfy the Award and $240 million for the purchase of the Mining Data for a total of approximately $1.032 billion payable in monthly installments. The first $240 million to be received by Gold Reserve from Venezuela is related to the sale of the Mining Data. Venezuela has paid the Company a total of approximately $254 million pursuant to the Settlement Agreement. Approximately $913 million (including interest of approximately $135 million) remains unpaid. The Company is currently working on collecting the remaining payments contemplated under the Settlement Agreement (See Arbitral Award section) and executing the Mixed Company Agreement (See Mixed Company section). The Company maintains its executive/administrative office at 999 West Riverside Ave., Suite 401, Spokane, Washington 99201 USA, and is listed on the Toronto Venture Exchange (symbol: GRZ.V) and quoted on the OTCQX Markets Exchange (symbol: GDRZF). The Company employed 8 individuals as of June 30, 2021.
Fontana Foundry Corp is a Fontana, CA-based company in the Agriculture and Mining sector.
RungePincockMinarco is the world’s largest publicly listed independent group of mining technical experts. We are the market leader in the innovation of advisory and technology solutions that optimise the economic value of mining assets and operations. We have serviced the industry with a full suite of advisory and technology solutions for over 45 years. We have global expertise achieved through our work in over 118 countries and our approach to the business of mining is strongly grounded in economic principles. We have local expertise in all mining regions and are experienced across all commodities and mining methods. We operate offices in 19 locations across 13 countries including Australia, Brazil, Canada, Chile, China, Hong Kong, India, Indonesia, Mongolia, Russia, South Africa, Turkey and the USA. If it needs to be relied upon for capital investment decisions or economic operational decisions, RPM is the global authority to turn to for accuracy, certainty and reliability.
Mundoro Mining Inc. is a Vancouver, BC-based company in the Agriculture and Mining sector.
Golden Predator Mining Corp. is currently seeking joint venture partnership arrangements to take our advanced stage projects to production. The Brewery Creek project is a past producing heap leach gold mine with expanded current oxide resources and several new discoveries. A preliminary economic assessment was delivered in Q4 2014. The company continues to delineate and test the high-grade 3 Aces project in the Yukon. The company acquired the Castle West project in Nevada in Q3 2014. The Company`s Marg deposit, a polymetallic sulfide deposit, located in the Yukon, is currently under option to Minquest Limited of Brisbane, Australia.