Erdene Resource Development Corporation

https://www.erdene.com

Erdene Resource Development Corporation is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals in Mongolia. Incorporated in 2000, the company is headquartered in Dartmouth, Nova Scotia, Canada. Its mission is to bring its projects into production and develop a multi-mine, multi-commodity operation within the highly prospective Khundii Minerals District.

The company primarily explores for gold, copper, molybdenum, silver, lead, and zinc deposits. Its key projects in Southwest Mongolia include the Bayan Khundii Gold Project, which recently achieved first gold production, the Altan Nar gold-silver-polymetallic deposit, and the Zuun Mod molybdenum-copper project, recognized as one of Asia's largest undeveloped molybdenum deposits. Erdene also maintains a 50-50 strategic alliance with Mongolian Mining Corporation.

Erdene Resource Development Corporation achieved a significant milestone with the first gold production at its Bayan Khundii Gold Mine in September 2025, and is currently in the ramp-up phase, generating early cash flow. Peter C. Akerley serves as the President and CEO. The company is strategically positioned as a low-cost gold producer with substantial exploration upside, aiming to extend the mine life of its current operations and develop additional deposits within the Khundii Minerals District.

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CID: 1554