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Entrée Resources Provides Update on Entrée/Oyu Tolgoi Joint Venture License Matters
VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ET...
About this update from Entree Resources Ltd
[{"type":"text","content":"Entrée Resources Provides Update on Entrée/Oyu Tolgoi Joint Venture License Matters\nVANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) provides an update on matters pertaining to the Shivee Tolgoi and Javkhlant mining licenses (the “JV Licenses”) held by Entrée LLC on behalf of the Entrée/Oyu Tolgoi joint venture participants in Mongolia. Parliamentary Temporary Oversight Committee As previously disclosed by the Company, on July 2, 2025, the Parliament of Mongolia approved Resolution No. 62 to establish a Temporary Oversight Committee to conduct a special investigation related to the protection of Mongolia’s interests and the enhancement of benefits derived from the exploitation of the Oyu Tolgoi strategic group of deposits. The scope of the special investigation includes conducting oversight and inspection in connection with determining the State’s ownership interest and percentage, based on the established reserves and valuation of the JV License areas, as well as other relevant documents. The Company supported the activities of the Temporary Oversight Committee by submitting thousands of pages of requested documents in a timely manner and participating in numerous inspector meetings and discussions. The Temporary Oversight Committee held a three-day public hearing in the first half of December. Approximately 300 witnesses received summons, including former Mongolian Prime Ministers, Presidents, and Ministers, as well as current and former representatives of Rio Tinto and the Company’s joint venture partner Oyu Tolgoi LLC (“OT LLC”). Stephen Scott, the Company’s President and Chief Executive Officer, attended the December 8 hearing on matters related to the JV Licenses to answer questions on behalf of Entrée. The December 10 and 12 hearings focused on OT LLC’s 2011 Amended and Restated Shareholders’ Agreement. The Company understands from media reports that on December 19, 2025, the Temporary Oversight Committee reported its findings and submitted a draft resolution to Parliament. The draft resolution was returned to the Parliamentary Standing Committee on Economics for further consideration before it is ...