Rusoro Updates CITGO Auction Process

Rusoro Mining Ltd. (TSXV: RML,OTC:RMLFF) (the "Company" or "Rusoro") announces that the Delaware Court of Chancery, following a hearing earlier today, denied Gold Reserve's request for expedited treatment of its motion for a preliminary injunction. Specifically, Vice Chancellor Lori Will found that Gold Reserve had failed to make an adequate showing that the continuation of the sale process before the federal court in Delaware poses a risk of irreparable injury to Gold Reserve, and expressed the view, which Rusoro shares, that disputes concerning the sale process can be addressed by Judge Stark of the federal court.

Unrelatedly, Judge Stark, the Delaware federal judge overseeing the sale process for the PDV Holdings shares, today denied motions made by Gold Reserve, Citgo, PDVSA, and the Republic of Venezuela calling upon him to disqualify the special master and, in the case of Gold Reserve's motion, to recuse himself from further involvement with the sale process. Judge Stark's 54-page opinion denying these motions found that those motions lacked merit for a variety of reasons, and noted his view that both the Venezuela parties and Gold Reserve wish to see the sale process fail.

ON BEHALF OF THE BOARD

"Andre Agapov"
Andre Agapov, President & CEO

For further information, please contact:

Rusoro Mining Ltd.
Gordon Keep
E; gkeep@fiorecorporation.com
T: 604 609-6110

Cautionary Note Regarding Forward-Looking Information and Statements:

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Rusoro Mining Ltd. in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Rusoro's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedarplus.ca. Rusoro Mining Ltd. disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274395

News Provided by Newsfile via QuoteMedia

RML:CA
The Conversation (0)
Blackrock Silver to Present at the Precious Metals and Critical Minerals Virtual Investor Conference on February 10th 2026

Blackrock Silver to Present at the Precious Metals and Critical Minerals Virtual Investor Conference on February 10th 2026

Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") is pleased to announce that Andrew Pollard, President & Chief Executive Officer of the Company, will present live at the Precious Metals & Critical Minerals Virtual Investor Conference hosted... Keep Reading...
Wooden blocks showing a picture of gold bars and the year 2026.

Experts: Gold's Fundamentals Intact, Price Could Hit US$7,000 in 2026

Gold took center stage at this year's Vancouver Resource Investment Conference (VRIC), coming to the fore in a slew of discussions as the price surged past US$5,000 per ounce. Held from January 25 to 26, the conference brought together diverse experts, with a focus point being the "Gold... Keep Reading...
Person pointing at "IPO" text on a chart with fluctuating lines.

Barrick Advances North American Gold Spinoff After Record 2025 Results

Barrick Mining (TSX:ABX,NYSE:B) said it will move ahead with plans to spin off its North American gold assets after a strong finish to 2025.The Toronto-based miner said its board has authorized preparations for an IPO of a new entity that would house its premier North American gold operations,... Keep Reading...
Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

Peruvian Metals Secures 6 Year Agreement with Community at Mercedes Project

Peruvian Metals Corp. (TSXV: PER,OTC:DUVNF) (OTC Pink: DUVNF) ("Peruvian Metals or the "Company") is pleased to announce that the agreement between San Maurizo Mines Ltd. ("San Maurizo"), a private Manitoba company which holds a 100% direct interest in the Mercedes Property, and Comunidades... Keep Reading...
TomaGold Borehole EM Survey Confirms Berrigan Deep Zone

TomaGold Borehole EM Survey Confirms Berrigan Deep Zone

Survey also validates significant mineralization and unlocks new targets Highlights Direct correlation with mineralization : The modeled geophysical plates explain the presence of semi-massive to massive sulfides intersected in holes TOM-25-009 to TOM-25-015. Priority target BER-14C :... Keep Reading...
High-Grade Extensions at BD Deposits for Resource Growth

High-Grade Extensions at BD Deposits for Resource Growth

Aurum Resources (AUE:AU) has announced High-Grade Extensions at BD Deposits for Resource GrowthDownload the PDF here. Keep Reading...

Interactive Chart

Latest Press Releases

Related News