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TRU's Golden Deal: $15M with Eldorado Gold | Joel Freudman - TRU Precious Metals
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#Gold #Mining #resources #stockmarket #finance
In this interview, Joel Freudman, CEO of TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706), discusses the company's recent $15 million deal with Eldorado Gold for their Golden Rose Project in Newfoundland. Freudman explains how the company attracted such a significant partner at an early stage, highlighting the project's strategic location and geological merit. He elaborates on the deal terms, which include cash payments and exploration funding over five years, potentially leading to Eldorado earning an 80% interest in the project. Freudman also touches on the growing interest in Newfoundland's mining sector, the company's long-term plans, and his positive outlook on the gold market. The interview emphasizes the significance of this deal as a major inflection point for TRU Precious Metals and its potential impact on the company's future growth.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed Altius Minerals. Golden Rose is a regional-scale 264.25 km 2 land package, including 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining's Valentine Gold Project and AuMega Metals' Cape Ray Gold Project. In addition, TRU has an option with Quadro Resources Ltd. to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km 2 , including a 12 km strike length along the Shear Zone within Golden Rose. TRU is approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM).
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Disclaimer:
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00:00 Introduction
00:55 Gold Market Outlook: Flirting with $2500
02:02 China and India: The Gold-Hungry Giants
03:31 TRU's Golden Deal: $15M with Eldorado Gold
05:41 Newfoundland Gold Rush: Eric Sprott's Big Bet
07:20 Neighborhood Watch: B2 Gold's Strategic Moves
09:21 Breaking Down the $15M: Cash and Exploration
11:15 The Long Game: Royalties and Joint Ventures
12:27 TRU's Future: Beyond the Eldorado Deal
14:21 A Massive Inflection Point
In this interview, Joel Freudman, CEO of TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706), discusses the company's recent $15 million deal with Eldorado Gold for their Golden Rose Project in Newfoundland. Freudman explains how the company attracted such a significant partner at an early stage, highlighting the project's strategic location and geological merit. He elaborates on the deal terms, which include cash payments and exploration funding over five years, potentially leading to Eldorado earning an 80% interest in the project. Freudman also touches on the growing interest in Newfoundland's mining sector, the company's long-term plans, and his positive outlook on the gold market. The interview emphasizes the significance of this deal as a major inflection point for TRU Precious Metals and its potential impact on the company's future growth.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project, originally optioned from TSX-listed Altius Minerals. Golden Rose is a regional-scale 264.25 km 2 land package, including 45 km of strike length along the deposit-bearing Cape Ray - Valentine Lake Shear Zone, directly between Calibre Mining's Valentine Gold Project and AuMega Metals' Cape Ray Gold Project. In addition, TRU has an option with Quadro Resources Ltd. to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km 2 , including a 12 km strike length along the Shear Zone within Golden Rose. TRU is approximately 36%-owned by European strategic investor Ormonde Mining plc (AQSE:ORM).
===========
Looking for better insights on the markets? The Deep Dive Spotlights is providing exclusive industry insights from executives, insiders, technicians, specialists and more.
We're upgrading our Canadian small cap coverage from written to visual, hitting investors with a double dose of market insights to provide a special look into just what's happening in the Canadian public markets.
Catch our full suite of content below:
Disclaimer:
Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security. The Deep Dive and its affiliates hold no licenses.
00:00 Introduction
00:55 Gold Market Outlook: Flirting with $2500
02:02 China and India: The Gold-Hungry Giants
03:31 TRU's Golden Deal: $15M with Eldorado Gold
05:41 Newfoundland Gold Rush: Eric Sprott's Big Bet
07:20 Neighborhood Watch: B2 Gold's Strategic Moves
09:21 Breaking Down the $15M: Cash and Exploration
11:15 The Long Game: Royalties and Joint Ventures
12:27 TRU's Future: Beyond the Eldorado Deal
14:21 A Massive Inflection Point
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