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Bocana Resources to invest up to $20M in Venture Gold for Colorado mining development, pending approvals.
Bocana Resources Corp. announced on October 6, 2025, a non-binding letter of intent to invest up to $20 million in Venture Gold, Inc., a Nevada-based company developing the Idaho Springs/Central City mining district in Colorado.
The proposed equity investment, to be made through a joint venture, aims to support exploration, development, and working capital, with proceeds restricted to those purposes.
The transaction remains subject to due diligence, definitive agreements, financing confirmation, and regulatory approvals, including from the TSX Venture Exchange.
Bocana stated the move aligns with its strategic goals but emphasized no assurance that the deal will close or proceed as planned.
Bocana Resources invertirá hasta $20 millones en Venture Gold para el desarrollo minero de Colorado, en espera de aprobaciones.