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GSP Resource Corp V.GSPR

Alternate Symbol(s):  GSRCF

GSP Resource Corp. is a Canada-based mineral exploration and development company focused on projects located in Southwestern British Columbia. The Company has an option to acquire a 100% interest and title to the Alwin Mine Copper-Gold-Silver Property in the Kamloops Mining Division, as well as an option to acquire 100% interest and title to the Olivine Mountain Property in the Similkameen Mining Division, of which it has granted an option to earn a 60% interest to a third party. The Alwin Mine Copper-Silver-Gold property is approximately 575.72 hectares (ha) and is located on the semi-arid, interior plateau in south-central British Columbia. The Olivine Mountain Project is an approximately 3021.87-ha project, which is located in the Interior Plateau area of South-Central British Columbia, about 25 kilometers northwest of Princeton, near producing mines. The Olivine Mountain property covers part of the Tulameen Ultramafic Complex.


TSXV:GSPR - Post by User

Post by TELEMARKERon May 01, 2024 11:54am
29 Views
Post# 36017491

MD&A

MD&AThe capital resources of the Company as of February 29, 2024, are primarily its cash of $262,743 (May 31, 2023 - $189,063). The Company has raised sufficient funds to conduct any anticipated operating expenses, to conduct exploration programs or for future acquisitions. The Company will require additional financing to fund future projects. The Company anticipates funding future expenditures additional equity subscriptions, such as private placements or through the exercise of warrants and options. In light of the continually changing financial markets, there is no assurance that funding by equity subscriptions will be possible at the times required or for the amounts desired or that it can be obtained on terms acceptable to the Company and its shareholders. If additional funds are raised through the issuance of equity securities, the percentage ownership of current shareholders will be reduced, and such equity securities may have rights, preferences, or privileges senior to those of the holders of the Company’s Common Shares.
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