Toronto - Delayed Quote • CAD Erdene Resource Development Corporation (ERD.TO) Follow Compare 0.5800 -0.0100 (-1.69%) At close: January 10 at 3:53:10 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Top Penny Stocks On The TSX To Watch In January 2025 While recent shifts in bond yields have influenced the Canadian market, they also hint at potential opportunities for stronger performance in fixed-income investments. For investors exploring beyond traditional options, penny stocks—often representing smaller or newer companies—remain a relevant area of interest. Despite their vintage name, these stocks can offer surprising value and growth potential when backed by solid financials. Erdene Provides Corporate Finance Update HALIFAX, Nova Scotia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the execution of an up to US$50 million working capital facility with Trade and Development Bank of Mongolia (“TDB”) by Erdene Mongol LLC (“EM”) to fund commissioning and ramp up of the high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii”, “BK” or "Project”), under development with Mongolian Mining Corporation (“MMC”). Additi TSX Penny Stocks To Consider In December 2024 The Canadian market has shown resilience, with stocks performing well alongside easing inflation and supportive economic policies that have bolstered growth and corporate profits. In this context, penny stocks—though a term from earlier market days—remain relevant for investors seeking opportunities in smaller or newer companies. By focusing on those with strong financial health, these stocks can offer potential value and stability amidst the evolving economic landscape. Erdene Announces Q3 2024 Results and Provides Bayan Khundii Gold Project Update HALIFAX, Nova Scotia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD | MSE:ERDN) ("Erdene" or the "Company") is pleased to announce operating and financial results for the three months ended September 30, 2024, and to provide an update on progress at the Bayan Khundii Gold Project (“BK” or “Project”), being developed with Mongolian Mining Corporation (“MMC”). This release should be read in conjunction with the Company’s Q3-2024 Condensed Consolidated Interim Financi 3 TSX Penny Stocks With Market Caps Under CA$300M To Consider As the Canadian market experiences a cooling labor landscape and anticipates potential rate cuts from the Bank of Canada, investors are eyeing opportunities that align with these evolving economic conditions. Penny stocks, despite their somewhat antiquated name, continue to represent an intriguing investment area for those interested in smaller or newer companies. By focusing on those with strong financial foundations and growth potential, investors might discover promising opportunities... We're Hopeful That Erdene Resource Development (TSE:ERD) Will Use Its Cash Wisely Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the... Erdene Provides Bayan Khundii Gold Project Update Drilling Adjacent to the Planned Open Pit Expands Mineralization Khundii Minerals District 2024 Gold Exploration Update Bayan Khundii Deposit - Resource Expansion Drilling Q3 2024 Drilling Targeting Resource Expansion Zones HALIFAX, Nova Scotia, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company”) is pleased to report drill results targeting areas outside of the currently defined reserve at the Bayan Khundii gold project, under Erdene Reports Strong Drill Results and Provides Mine Development Update for the Bayan Khundii Gold Project Bayan Khundii Gold Deposit Plan Map Q3 Drilling Highlights HALIFAX, Nova Scotia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD | MSE:ERDN) ("Erdene" or the "Company") is pleased to provide results from shallow drilling within the initial mining areas of the Bayan Khundii orebody and to provide an update on mine development for the Bayan Khundii Gold Project (“BK Project”) currently under construction. The BK Project is being developed by Erdene Mongol LLC (“EM”), Erdene Announces Q2 2024 Results and Provides Bayan Khundii Gold Project Update HALIFAX, Nova Scotia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce operating and financial results for the three months ended June 30, 2024, and to provide an update on progress at its Bayan Khundii Gold Project (“BK” or “Project”), being developed with Mongolian Mining Corporation (“MMC”). This release should be read in conjunction with the Company’s Q2-2024 Condensed Consolidated Interim Financial St Erdene Announces Results of Annual General Meeting of Shareholders HALIFAX, Nova Scotia, June 21, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company's Annual General Meeting of Shareholders (“Meeting”) held on June 20, 2024 in Halifax, Nova Scotia. Details of the Meeting are provided below. Appointment of Board and Executive At the Meeting, shareholders voted in favour of Erdene manage Erdene Releases 2024 Shareholder Letter HALIFAX, Nova Scotia, June 19, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to publish its 2024 Letter to Shareholders authored by President and CEO, Peter Akerley. To read the letter please visit: Letter to Shareholders Peter Akerley, Erdene’s President and CEO stated, “The past year has been transformative for our Company. As outlined in my letter to fellow shareholders, we closed the Strategic Alliance with Mongol Erdene Resource Development (TSE:ERD) Is In A Good Position To Deliver On Growth Plans We can readily understand why investors are attracted to unprofitable companies. For example, although... Erdene Announces Q1 2024 Results and Provides Bayan Khundii Gold Project Update HALIFAX, Nova Scotia, May 13, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce operating and financial results for the three months ended March 31, 2024, and to provide an update on progress at its Bayan Khundii Gold Project (“BK” or “Project”), being developed with Mongolian Mining Corporation (“MMC”). This release should be read in conjunction with the Company’s Q1-2024 Condensed Consolidated Interim Financial Sta Erdene Announces Year-End Results and Provides Bayan Khundii Project Update HALIFAX, Nova Scotia, April 02, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce operating and financial results for the year ended December 31, 2023, and to provide an update on progress at its Bayan Khundii Gold Project (“BK” or “Project”). This release should be read in conjunction with the Company’s 2023 Financial Statements and MD&A, available on the Company’s website and SEDAR+. Peter Akerley, Erdene’s Preside Erdene Secures Debt Financing for Bayan Khundii Gold Project From Strategic Partner HALIFAX, Nova Scotia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the execution of debt finance agreements for up to US$80 million with Mongolian Mining Corporation (“MMC”) to fund construction of the high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii”, “BK” or "Project”) in southwestern Mongolia. Peter Akerley, Erdene’s President and CEO stated, “We are very pleased to close the financing Erdene Commences Construction at the High-Grade Bayan Khundii Gold Project and Finalizes Strategic Alliance With Mongolian Mining Corporation Figure 1 Process Plant Foundations and Temporary Facilities – October 2023 Figure 2 Process Plant Foundations and Temporary Facilities – January 2024 Milestone Milestone HALIFAX, Nova Scotia, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the commencement of full construction at the high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii”, “BK” or "Project”) in southwestern Mongolia and the close Between China and Russia, landlocked Mongolia eyes summit to enhance ties as geopolitical pressures mount Mongolia says it is trying to arrange a summit with China and Russia to enhance their collaborative projects, and a gathering of the neighbours could speed up new railway connections, economic corridor developments and a widely watched gas pipeline known as the Power of Siberia 2. Mongolia's prime minister also tells the Post that a feasibility study is being conducted to further enhance the nation's involvement in China's Belt and Road Initiative that aims to link economies into a trading netwo Performance Overview Trailing total returns as of 1/10/2025, which may include dividends or other distributions. Benchmark is S&P/TSX Composite index Return ERD.TO S&P/TSX Composite index YTD +5.45% +0.60% 1-Year +81.25% +18.10% 3-Year +26.09% +17.47%