Research analysts covering GOLD RESERVE.
Recent press releases and 8-K filings for GDRZF.
Gold Reserve presenta oposición a la moción de desestimación de Rusoro Mining Ltd.
GDRZF
Legal Proceedings
New Projects/Investments
- Gold Reserve ha presentado una oposición a la moción de desestimación planteada por la demandada Rusoro Mining Ltd. en el procedimiento ante el Tribunal de Equidad del Estado de Delaware.
- La demanda de Gold Reserve, presentada el 7 de noviembre de 2025, alega que Rusoro incumplió de forma consciente e intencionada sus obligaciones contractuales en virtud de un acuerdo de consorcio.
- Este acuerdo establecía cómo las partes coordinarían y apoyarían su oferta conjunta en la venta judicial de las acciones de PDVH.
- Gold Reserve solicita una medida cautelar para impedir que Rusoro participe en la venta de las acciones de PDVH, adem\u00e1s de otras formas de reparaci\u00f3n.
4 days ago
Gold Reserve Appeals Citgo Sale Process and Updates on Bank Fees
GDRZF
Legal Proceedings
M&A
- Gold Reserve Ltd. filed an initial appeal with the U.S. Court of Appeals for the Third Circuit, challenging the proposed judicial sale of PDVH shares to Elliott/Amber Energy.
- The company argues that the District Court's order violated Delaware law by not selling to the highest bidder, as Elliott/Amber Energy's offer was $2 billion lower than Gold Reserve's.
- Gold Reserve also asserts that the District Court should have recused itself due to conflicts of interest involving the court-appointed special master and advisors.
- The deadline for responses in the appeal process is February 9, 2026.
- Gold Reserve reached an agreement to pay approximately $5 million in commitment fees to banks for a credit line, using available cash, with any additional payments contingent on the closing of the PDVH share sale to Elliott.
Jan 9, 2026, 9:34 PM
Gold Reserve Files Appeal in Citgo Sale Process
GDRZF
Legal Proceedings
Takeover Bid
- Gold Reserve Ltd. has filed an appeal with the U.S. Court of Appeals for the Third Circuit regarding the proposed judicial sale of PDVH Shares to Elliott/Amber Energy.
- The company asserts that the District Court's approval of Elliott/Amber Energy's bid, which was $2 billion lower than Gold Reserve's, violated Delaware law and that the District Court should have been disqualified due to conflicts of interest.
- Responses to the appeal are due by February 9, 2026.
- Separately, Gold Reserve reached a settlement to pay approximately $5 million from cash on hand to banks for commitment fees related to its own bid for PDVH shares.
Jan 9, 2026, 1:00 PM
Gold Reserve Supports Actions Against Maduro Regime
GDRZF
Legal Proceedings
New Projects/Investments
- Gold Reserve has expressed support for recent actions by the U.S. administration and Joint Armed Forces to hold Nicolás Maduro accountable in Venezuela.
- The company cites the Maduro regime's crimes against the Venezuelan people, including the arbitrary detention and torture of Gold Reserve colleague, José Ignacio Moreno Suárez.
- Gold Reserve's projects, Brisas and Siembra Minera, were illegally expropriated by the Chávez and Maduro regimes, respectively, and are now being illegally exploited with Chinese technology for the financial benefit of the Maduro regime.
- Due to the changing situation in Venezuela, Gold Reserve cannot currently provide a timeline for resuming operations but is prepared to return and collaborate in post-Maduro transition and recovery efforts.
Jan 6, 2026, 10:45 PM
Gold Reserve Files Statement Supporting Stay in CITGO Sale Process
GDRZF
Legal Proceedings
Takeover Bid
- Gold Reserve Ltd. filed a statement in support of a stay pending appeal with the U.S. Court of Appeals for the Third Circuit concerning the judicial sale of PDVH Shares.
- The company argues that the sale process, which approved the sale of PDVH Shares to Elliott/Amber Energy, was procedurally and substantively defective.
- Gold Reserve asserts that a stay is necessary to preserve the status quo while the Third Circuit considers the merits of the pending appeals.
- The Venezuela Parties have also filed a motion for stay, which is opposed by several other parties, including Crystallex International Corporation and ConocoPhillips Appellees.
Dec 9, 2025, 12:30 PM
Gold Reserve and Venezuela Parties File Disqualification Motions in Citgo Sale Process
GDRZF
Legal Proceedings
- Gold Reserve Ltd. filed a motion to disqualify the professional advisors (Weil, Gotshal & Manges LLP and Evercore, Inc.), the Special Master, and the district court judge involved in the Citgo Sale Process.
- The company's motion is based on recently discovered information that Weil has been representing Elliott Management during the sale process, and that Weil and Evercore have ongoing relationships with 2020 Bondholders who stand to benefit from the Elliott Management bid.
- Gold Reserve also requested a temporary stay of all decisions concerning bids in the Sale Process pending the resolution of its disqualification motion.
- The Venezuela Parties (Bolivarian Republic of Venezuela, PDVSA, PDVH, and Citgo Petroleum) also filed a motion to disqualify the Special Master, Weil, and Evercore.
- Opening post-Sale Hearing briefs were submitted by the parties on October 8, 2025.
Oct 10, 2025, 12:33 PM
Quarterly earnings call transcripts for GOLD RESERVE.
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