From the Watch List: Mundoro Capital - Feb 3

[dan_s]

This is a micro-cap that has significant upside potential due to its ongoing relationship with BHP and several other large-cap mining companies.

About Mundoro Capital Inc. (TSXV: MUN) (OTCQB: MUNMF)

Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals. To drive value for shareholders, Mundoro's asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners. The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.

Key Highlights from 2024:

Advanced Exploration at BHP-Mundoro Projects, Serbia:
> Completed ground AMT survey, rock sampling, and soil sampling programs at South Timok.
> Conducted IP and bulk density measurements at Borsko.
> Developed and approved a drilling proposal for the Trstenik project.

Vectoring in on Large-Scale Porphyry Targets within Mundoro controlled South Timok Portfolio in Serbia:
> Announced five prospective porphyry exploration targets at the Trstenik project.
> Identified four highly prospective porphyry exploration targets at the Tilva Rosh prospect area.

Dos Cabezas, Arizona: Drill Results Confirm Porphyry Potential, Partnership Opportunities:
> Announced drill results from two drill holes, intersecting Cu-Au-Mo and Cu-Mo-Ag mineralization.
> Conducted site visits with potential partners to advance exploration and drilling.

Advancing Exploration of the Arizona Projects:
> Commenced fieldwork to generate new drill targets at Copperopolis.
> Refined the drill targets at Mescal Canyon and Mineral Park while generating new targets for drill testing at Elma, all which are within the extensive land package of the Dos Cabezas project.

2025 Outlook

Mundoro's primary focus in the coming year will be on advancing high-potential targets across our wholly-owned projects with the objective of securing additional joint venture partnerships and concurrently the execution of exploration programs for our partners, BHP and JOGMEC. A key element of our strategy involves ongoing generative exploration to identify and develop compelling copper and/or gold targets for drill testing. This will expand our portfolio and attract a broader range of potential partners, thereby increasing exploration and enhancing the opportunity for discovery. We remain committed to building a robust pipeline of projects, leveraging our expertise in generative exploration, and creating value through partnerships. Furthermore, we will continue to review strategic opportunities that align with our core strengths and enhance shareholder value.

Liquidity and Capital Resources

The Company’s principal source of liquidity is its existing cash and cash equivalents and receivables from partners. As of
September 30, 2024, the Company had cash and cash equivalents totaling $4,233,609 (December 31, 2023 – $6,479,508).
The working capital balance as of September 30, 2024 is $2,729,987(December 31, 2023 - $3,422,154).

For the period ended September 30, 2024 the Company had cash used in operating activities of $2,162,189 compared to cash
provided by operating activities of $1,267,480 for the period ended September 30, 2023. The Company expects that with the
existing cash position and operator fees to be earned from operating exploration programs for partners, the Company will
have sufficient cash to meet its obligations for the next twelve months.

As required, the Company will continue to explore appropriate financing routes which may include additional issuance of
share capital; funding through additional joint ventures or strategic partnership; project debt; convertible securities; or other
financial instruments. With the exception of interest earned on its cash balance, operator fees earned for its role as the operator
in Earn-In Agreements, and option payments, the Company does not generate income and relies upon current cash resources
and future financings to fund its ongoing business and exploration activities.
-----------------------
Go to the Company's website for more information: https://www.mundoro.com/