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ENTRÉE RESOURCES ANNOUNCES FIRST QUARTER 2022 RESULTS
ENTRÉE RESOURCES ANNOUNCES FIRST QUARTER 2022 RESULTS Canada NewsWire ...
About this update from Entree Resources Ltd
[{"type":"text","content":"\n \n \n \n ENTRÉE RESOURCES ANNOUNCES FIRST QUARTER 2022 RESULTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 12, 2022\n \n \n /CNW/ - Entrée Resources Ltd. (TSX: ETG) (OTCQB: ERLFF) – the \"\n \n Company\n \n \" or \"\n \n Entrée\n \n \") has today filed its interim financial results for the first quarter ended\n \n March 31, 2022\n \n . All numbers are in U.S. dollars unless otherwise noted.\n \n \n \n Q1 2022 HIGHLIGHTS\n \n \n \n \n Oyu Tolgoi Underground Development Update\n \n \n \n The Oyu Tolgoi project in\n \n Mongolia\n \n includes two separate land holdings: the Oyu Tolgoi mining licence, which is held by Entrée's joint venture partner Oyu Tolgoi LLC (\"\n \n OTLLC\n \n \") and the Entrée/Oyu Tolgoi joint venture property (the \"\n \n Entrée/Oyu Tolgoi JV Property\n \n \"), which is a partnership between Entrée and OTLLC. On\n \n May 10, 2022\n \n , OTLLC's 66% shareholder Turquoise Hill Resources Ltd. (\"\n \n Turquoise Hill\n \n \") provided an update on Oyu Tolgoi underground development:\n \n \n \n COVID-19 cases identified at Oyu Tolgoi trended downward in the first quarter 2022. Onsite workforce numbers over the quarter increased to approximately 90% of plan with mobilization of personnel across multiple work-fronts. COVID-19 related restrictions for international arrivals to\n \n Mongolia\n \n have been lifted and international flights have resumed across the region. Safety continues to be OTLLC's top priority and controls remain in place at site to protect the workforce.\n \n \n On\n \n January 24, 2022\n \n , Turquoise Hill announced the resolution of key outstanding issues related to the Oyu Tolgoi underground mine:\n \n \n \n Turquoise Hill and the Government of\n \n Mongolia\n \n reached a mutual understanding for a renewed partnership.\n \n \n Turquoise Hill and Rio Tinto entered into a binding agreement that delineates a comprehensive funding arrangement to address Turquoise Hill's estimated incremental fundi...