Couloir Capital updated research coverage on Roxmore Resources (OTCQX: GARLF) on March 9, 2026, highlighting the Converse Gold Project (~5.9 Moz Au total resource) and recent corporate changes.
The report cites the Taura Gold acquisition (closed Nov 20, 2025), an oversubscribed $32.64M financing expected to close Feb 27, 2026, and a new management team as de-risking steps aimed at valuation uplift versus peers.
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Positive
- Converse resource ~5.9 Moz Au (M&I 5.57 Moz; Inferred 0.42 Moz)
- Taura Gold acquisition closed on November 20, 2025
- Oversubscribed $32.64M financing expected to close February 27, 2026
- Management team with prior multi‑billion dollar exits in Nevada and West Africa
Negative
- EV/oz valuation gap: Roxmore at US$14/oz vs peers US$105/oz
- Project remains undeveloped, requiring permitting and further technical work
Vancouver, British Columbia–(Newsfile Corp. – March 9, 2026) – Couloir Capital is pleased to announce that it has updated its research coverage on Roxmore Resources (TSXV: RM) (OTCQX: GARLF) (“Company”). Couloir Capital’s mining analyst, Sehaj Anand, MBA, P.Eng., crafted a report titled “From Corporate Reset to Development Execution: Roxmore’s Converse Pathway Takes Shape”.
Report excerpt: “Our investment thesis for Roxmore Resources is anchored on the Converse Gold Project, one of the largest undeveloped gold deposits in Nevada not owned by a major producer, hosting a total resource of ~5.9Moz Au (5.57Moz M&I at 0.52 g/t Au and 0.42Moz Inferred at 0.53 g/t Au). Roxmore’s strategy going forward is to apply targeted technical de-risking such as updated resource modeling, metallurgy, and permitting to re-rate the assets. This approach reduces exposure to early-stage exploration risk, keeps capital requirements low, and positions the project portfolio for valuation uplift relative to peers, which trade at an average US
The report can be accessed through Couloir Capital’s portal: https://www.couloircapital.com/research-portal.
About Couloir Capital Ltd.
Couloir Capital Ltd. is an investment research firm with a team of experienced investment professionals providing institutional-quality research coverage for small-cap equities. Our research reports are distributed via Bloomberg, FactSet, Capital IQ, LSEG, Research Tree and other platforms, as well as via social media and extensive email distribution lists. To subscribe, visit: https://www.couloircapital.com/research-portal.
DISCLAIMER:
- Analyst Disclosure: The Company has retained Couloir Capital under a service agreement that includes analyst research coverage only.
Investors are encouraged to read the complete list of disclosures contained in the report.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287700
FAQ
What resource size did Couloir Capital report for Roxmore Resources (GARLF) on March 9, 2026?
Couloir Capital reported a total resource of approximately 5.9 Moz Au for Converse. According to the company, that comprises 5.57 Moz M&I at 0.52 g/t and 0.42 Moz Inferred at 0.53 g/t.
How does the Taura Gold acquisition affect Roxmore Resources (GARLF)?
The Taura Gold acquisition is presented as a corporate transformation step that closed Nov 20, 2025. According to the company, it strengthens the asset base and supports management credibility for development execution and re-rating.
What financing did Roxmore Resources (GARLF) secure to advance the Converse project?
Roxmore secured an oversubscribed financing of $32.64M expected to close Feb 27, 2026. According to the company, the capital is intended to fund technical de‑risking and early development activities.
Why does Couloir Capital believe Roxmore (GARLF) could be re‑rated versus peers?
Couloir highlights targeted technical de‑risking like updated modeling, metallurgy, and permitting to reduce exploration risk. According to the company, this approach plus new capital and team could narrow the EV/oz valuation gap to peers.
