Goldrich | Mining Company
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Goldrich Mining Company (OTCBB: GRMC) is a U.S. junior mining company with world-class exploration potential and an experienced management team. The company holds claim to 100 percent of the historic Alaskan Chandalar gold district, where the potential exists to delineate a world-class mining district in one of the friendliest mining jurisdictions in the world.
Goldrich | Mining Company
2M ago
SPOKANE, WA – January 9, 2024 - Goldrich Mining Company (OTC: GRMC) (“Goldrich” or the “Company”) announces that Mr. William Schara has resigned as Chief Executive Officer (“CEO”) and President of the Company, effective immediately, to focus on other business interests.
Mr. Steve Vincent has been appointed acting interim CEO, effective immediately. Mr. Vincent has been a member of the Board since 2014 and has over 35 years of experience as a finance specialist. He has held a range of positions with various companies including Moore Juran and Co., Miller and Schroeder Financial, Allison Willia ..read more
Goldrich | Mining Company
1y ago
SPOKANE, WA – April 4, 2023 - Goldrich Mining Company (OTCBB: GRMC) (“Goldrich” or the “Company”) is pleased to announce the Company has signed a settlement agreement between Goldrich, NyacAU, LLC (“NyacAU”), Goldrich Placer, LLC (“GP”), Goldrich NyacAU Placer, LLC (“GNP”), Dr. J. Michael James, individually (“Dr. James”), and Bear Leasing, LLC (“Bear Leasing”) (each a “Party” and, collectively, the “Parties”).
William Schara, CEO of Goldrich, commented, “We started the arbitration process in 2017 and are extremely pleased to have this issue behind us and be able to move forward unfettered ..read more
Goldrich | Mining Company
3y ago
SPOKANE, WA - June 11, 2021 - Goldrich Mining Company (OTCQB:GRMC) ("Goldrich" or the "Company") is pleased to announce the results of the independent Initial Assessment Report (the "IA") for the Company's Chandalar Mine in the Chandalar Gold District in Alaska. The IA was prepared by Global Resources Engineering ("GRE"), a widely-respected mining engineering firm in Denver, Colorado.
Highlights - At $1,650 Base Case Gold Price:
After-tax Net Present Value (NPV) (5%) of $64 million and Internal Rate of Return (IRR) of 139%
$25 million in Undiscounted After-tax Net Cash Flow (NCF) genera ..read more
Goldrich | Mining Company
4y ago
SPOKANE, WA – March 25, 2020- Goldrich Mining Company (OTCBB: GRMC) (“Goldrich” or the “Company) announces it has signed an agreement with Nicholas Gallagher (“Gallagher”), a related party and member of the Company’s Board of Directors, in his capacity as Agent (“Agent”) for and on behalf of Gallagher and other lenders (Gallagher and the other lenders collectively, “Holders”). The agreement amends the Senior Secured Note financing previously noted in Goldrich’s new releases dated February 13, 2018 and August 20, 2018.
Goldrich (the “Borrower”) and its wholly-owned subsidiary, Goldrich Plac ..read more
Goldrich | Mining Company
5y ago
SPOKANE, WA – August 8, 2019- Goldrich Mining Company (OTCBB: GRMC) (“Goldrich” or the “Company) announces the dissolution of Goldrich NyacAU Placer, LLC (“GNP”), a 50/50% joint venture between Goldrich and NyacAU, to mine the various placer deposits that occur throughout Goldrich’s 23,000-acre Chandalar gold project in Alaska. The certificate of dissolution was received in July with an effective date of June 3, 2019. NyacAU is the manager of the GNP joint venture.
The joint venture was dissolved because GNP failed to meet the Minimum Production Requirements. According to the terms of the ..read more