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20264 releases
Velocity Provides Update on Sale of Bulgarian Assets
Türker Global Madencilik has delivered written notice, dated October 15, 2026, electing to proceed to closing of its acquisition of Velocity's Tintyava Exploration Assets, including the Rozino gold project in Bulgaria, with closing anticipated on or about December 14, 2026, subject to conditions precedent and funding requirements. The total purchase price is US$55.0 million, of which US$16.5 million has been received, with the remaining US$38.5 million to be placed in escrow before closing. The separate option over the Non-Tintyava Exploration Assets, for an additional US$4.0 million, remains unexercised.
AcquisitionVelocity Announces New Director
Erik Marchand has been appointed to the board of directors of Velocity Minerals Ltd. as the nominee of Artemis Gold Inc. under the January 16, 2019 strategic investment agreement (as amended) between the parties. He replaces Gerrie van der Westhuizen, who resigned as a director effective October 1, 2026. Marchand is a Chartered Professional Accountant with approximately 15 years of finance and accounting experience and currently serves as Chief Financial Officer and Corporate Secretary of Artemis Gold.
ManagementVelocity Reports 2026 AGM Results
All motions were approved at Velocity Minerals' annual general meeting held June 16, 2026 in Vancouver, British Columbia. Votes representing 126,964,360 shares were cast, or 62.06% of shares issued and outstanding at the record date. Shareholders voted 100% in favour of the number of directors, the election of Keith Henderson, Mark Cruise, Daniel Marinov, Gerrie van der Westhuizen and Michelle Roth, the appointment of the auditor, and ratification of the stock option plan.
CorporateVelocity Announces Exercise of Warrants and Granting of Stock Options
Proceeds of $1,316,387 were received from the exercise of warrants that expired December 19, 2025, with 98% of outstanding warrants exercised at $0.18; Velocity Minerals now has no remaining share purchase warrants outstanding. The company also granted 3,665,000 stock options to directors, officers, employees and consultants at $0.18 per share for five years, vesting over three years in equal bi-annual tranches beginning six months from issue. Options now represent 8.9% of issued and outstanding stock.
Financing
20256 releases
Velocity Provides Transaction Update
Closing of the Türker Transaction will occur within 18 months from June 23, 2025, or earlier at Türker's discretion, with the second and final tranche reduced by USD $1.5 million if closing occurs on or before June 23, 2026. Under a Funding and Technical Services Agreement dated July 18, 2025, Türker funds 100% of costs for a feasibility study targeted for Q2 2026 and an EIA report filed August 8, 2025. A November 3, 2025 amendment to the 2019 Artemis Gold investment agreement provides for distribution of net profits to shareholders, caps the board at five directors, and is accompanied by lock-up agreements.
CorporateVelocity Reports 2025 AGM Results
Corporate
202410 releases
Velocity Reports 2024 AGM Results
Corporate