Hiru Corporation (OTCMarkets: HIRU) Providing Clarity Regarding Ongoing Strategic Growth Toronto, Canada, November 22, 2024 – Hiru Corporation (OTCMarkets: HIRU) is pleased to provide clarity to its valued shareholders regarding ongoing strategic growth initiatives as outlined in our recent press release. As detailed in our Q3 filings, the company has successfully integrated $90 million in mining assets, primarily in Australia, with expectations to increase this by an additional $130 up to 200 million. These assets, privately owned by our Chairman and primary shareholder, H.E. Khalid Nasser Al Thani, demonstrate the exceptional intrinsic value backing Hiru’s operations. To support this expansion, the company is issuing shares to select private investors. The proceeds will fund essential legal, auditing, and financial advisory services required to facilitate the integration of these high-value assets and the preparation for uplisting. While this may initially be viewed as dilution, it is critical to understand that these contributions represent a minimal fraction of the significant private investments already committed to the company. Currently, our market capitalization remains under $7 million, grossly undervaluing the company at just 1/12th of its underlying asset value. This discrepancy reflects the unique opportunities found in OTC markets and is unlikely to persist for long. With our planned uplisting to the OTCQB, audited financials will ensure greater transparency and unlock the true value of Hiru’s assets. As we move to a more prominent stock exchange, shareholders can expect a correction in share price, aligning with the real asset value. The Board has a variety of options and robust support from institutional investors to restructure and recapitalize Hiru effectively. These steps will optimize the company’s complex financial structure and position us for sustainable growth, solidifying our place among top-performing enterprises. We urge our shareholders to recognize the enormous potential and value that Hiru holds. Your continued trust in this transformative period will be richly rewarded as we realize these opportunities. Q&A Highlights Why issue new shares? To fund the critical groundwork for mergers, legal compliance, and preparation for uplisting, while supporting the strategic growth trajectory. Will the share price remain undervalued? No, the current valuation is temporary. The planned uplisting, supported by audited financials and a solid asset base, will naturally drive a market correction toward our true value. Hiru Corporation is working tirelessly to achieve its milestones and unlock unparalleled value for its shareholders. Thank you for your continued support. Chief Financial Officer, Hiru Corporation
Hiru Corporation (OTC:HIRU)
Mining
Toronto, Ontario 60 followers
Focused on Copper Mining in Australia
About us
$HIRU OTC:HIRU quoted on OTC MARKETS.
- Website
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https://hirumining.com/
External link for Hiru Corporation (OTC:HIRU)
- Industry
- Mining
- Company size
- 11-50 employees
- Headquarters
- Toronto, Ontario
- Type
- Public Company
- Founded
- 1989
- Specialties
- Mining and Trading
Locations
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Primary
20 Bay St
Toronto, Ontario M5J 2N8, CA
Employees at Hiru Corporation (OTC:HIRU)
Updates
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Hiru Corporation (OTCPINK: HIRU) AUD $200 million ($131.5 USD) Current Evaluation Hiru Corporation (OTCPINK: HIRU) is sharing an update to the current valuation and strategic analysis concerning the Balfour Project, following recent independent evaluations and ongoing exploration efforts. As detailed in the 2024 report from ERM/CSA Global, the current exploration expenditure for the Balfour Project totals AUD $23.1 (15.1 million USD) Please note, that this figure reflects recent expenditures and does not include historic exploration costs. This expenditure is utilized, in part, to calculate a technical valuation, with further details available in the company's published NI43-101, ITAR, and VALMIN reports. In addition to the direct exploration costs, CSA/ERM's updated 2024 VALMIN report highlights the significant potential of the Balfour Project. The project area encompasses approximately 960 square kilometers and a 70 km strike length, with over 110 identified deposits. This extensive footprint, combined with the promising findings to date, positions the Balfour Project as a significant asset in the global copper and cobalt market. As noted by CSA/ERM, “Copper is in strong demand due to its critical role in the global energy transition, and there are concerns that demand will outpace supply.” The prospective 70 km of strata within the Balfour Project tenements present a compelling opportunity for world-class copper-cobalt mineralization. D&B's exploration strategy is focused on discovering multiple deposits with estimated tonnages ranging from 100 Mt to 800 Mt, and copper grades between 1.5% to 3.0%. These targets are comparable to globally recognized SEDEX and sediment-hosted copper deposits and could support the development of extensive mining, processing, and logistics infrastructure. Prior to the recent discovery of SEDEX mineralization, the market value of the Balfour Project was estimated at approximately AUD $200 million, according to the VALMIN Code. However, following the discovery of this additional mineralization, the project’s market value has increased significantly. Please do not hesitate to contact me should you require further clarification or additional details regarding this report. The issuer Hiru Corp. Does not have permission to release the non-redacted valuation report in the public domain which was prepared for the management by the valuation appraisal firm. More updates will be disclosed in the Q3 OTCfiling.. The board of Hiru Corporation
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Hiru Corporation (OTCPINK: HIRU) – EXTRACT from The Balfour Mine Project Tasmania Exploration Valuation Opinion made by ERM Australia (NI 43-101 Standard) https://lnkd.in/dk2ANeEA
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Hiru Corporation (OTC: HIRU) is pleased to provide shareholders and the public with key updates regarding recent developments and strategic investments. https://lnkd.in/d6rdR4mG
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Hiru Corporation (OTC: HIRU) is pleased to announce the publication of a comprehensive research report titled "How Copper Mining Companies Earn Money During the Exploration Stage" on OTC Markets (otcmarkets.com). The report delves into the critical role of copper in the global economy, offering insights into the industry's growth potential, market size, and future outlook. Follow the link for detailed report https://lnkd.in/didzMESt
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Hiru Corporation (HIRU) Appoints Mr. Geoffrey Summers, Owner of Large Mining Lands Parcels in Australia and Partner in the Balfour Project Read full press release at Newsfile Corp. https://lnkd.in/dmsjmQMG
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Hiru Corporation (OTCMarkets: HIRU) Additional $3 to $5 Million Cash Injection Directly Into HIRU for Immediate Mining Operations - CEO increasing stake ownership Read more at: https://lnkd.in/dCQx5S8e
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$HIRU just announced from the head office in Qatar regarding FAQ questions from shareholders based on X tweets and updates. The company recently concluded a board meeting where multiple material and positive resolutions were approved. Stay tuned for the full details to be disclosed through filings or official PR later this week. #HIRU #Shareholders #Qatar #BoardMeeting #PositiveResolutions