Mundoro Capital: A Strong Q3-2024 Financial Performance and Exploration Update

Mundoro Capital Inc. (TSXV: MUN, OTCQB: MUNMF), a mineral exploration and development company, recently provided its financial results and exploration portfolio highlights for the first nine months of 2024. The company's robust financial performance, coupled with its strategic exploration initiatives, positions it well for future growth in the base and precious metals sector.



Mundoro Capital's Q3-2024 financial update showcases a strong cash position of $4,233,609 and no long-term debt, indicating a solid financial foundation. The company generated fees, net option payments, and interest of $1,042,956, while recording overall corporate expenses of $903,774. Exploration expenditures totaled $5,980,712, with net exploration costs of $826,565 attributable to Mundoro's generative programs, primarily funded by third parties.

The exploration portfolio highlights demonstrate Mundoro's proactive approach to enhancing asset value and attracting investor confidence. In Serbia, the company conducted new geophysical surveys and analysis at the Borsko Project, approved a new drill program at the Trstenik Project, and advanced exploration at the South Timok Project. In the USA, Mundoro progressed exploration initiatives at the Dos Cabezas and Copperopolis projects. These strategic exploration plans, coupled with Mundoro's robust portfolio of mineral properties, showcase the company's commitment to driving growth in the base and precious metals sector.



Mundoro's exploration programs have yielded a 60% success rate in discovering mineralization, further enhancing investor confidence in funding the company's generative programs. The company's strategic positioning in mineral-rich regions, such as the Western Tethyan Belt and Laramide Belt, along with its partnerships with major mining companies, provides a solid foundation for future growth.

In conclusion, Mundoro Capital's Q3-2024 financial update highlights its robust financial performance and strategic exploration initiatives. With a strong cash position, no long-term debt, and a 60% success rate in discovering mineralization, Mundoro is well-positioned to capitalize on emerging opportunities in the mineral exploration sector. The company's focus on strategic exploration, partnerships, and mineral-rich regions further enhances its potential for growth and success in the base and precious metals sector.