Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) has announced its operating and financial results for the three and nine months ended September 30, 2019, and provided an update on its recently announced financing led by the European Bank for Reconstruction and Development.
During the reporting period, the Company has accomplished the following results:
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Announced positive results of a NI 43-101 Technical Report led by Tetra Tech, Inc;
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Received the Bayan Khundii Mining License on August 5, 2019;
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Monitoring of environmental and social impact led by Sustainability East Asia;
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Completed an exploration and infill drill program on the Khundii mining license in September 2019;
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Concluded process water reserve drilling and testing;
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Initiated the Q4 2019 Exploration and Technical Program;
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Announced a C$8 million financing led by the European Bank for Reconstruction and Development; and
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Recorded a net loss of $638,379 for the three months ended September 30, 2019, compared to a net loss of $743,484 for the comparative 2018 period;
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