Pacific Ridge Exploration (PEX.V) released an overview of its activities in 2024 (which you can read here in its entirety) but the update also contained a brief summary of the company’s plans for 2025. Surprisingly, the company announced it will be looking to diversify its project portfolio by adding a copper porphyry project in the United States. This would allow the company to complete exploration activities on a year-round basis as the current exploration season on its British Columbia based assets can be pretty limited. Pacific Ridge has a specific wish list for a US-based project as it would like it to be located on either patented land or BLM land in a mining-friendly state (which of course makes a lot of sense as CEO Blaine Monaghan likely would want to avoid the permitting frustration in certain areas of the USA). The company is targeting an announcement on this to be released in the first quarter of the year.
Additionally, the company plans to spin off the Yukon-based gold properties into a new company. The Mariposa project (with historical drill holes with 39 meters of 2.44 g/t gold and 11.1 meters of 6.44 g/t gold) will be added to the SpinCo as well.
And finally, Pacific Ridge will actively look for a joint venture partner for its Kliyul project in British Columbia.
2025 could be a busy year for Pacific Ridge and we hope to see the share price put in a positive performance this year as the current share price of 2-2.5 cents doesn’t make anyone happy.
Disclosure: The author has a long position in Pacific Ridge Exploration. Pacific Ridge is a sponsor of the website. Please read the disclaimer.
