{"success":true,"data":{"pressRelease":{"id":"141158","rtpr_id":"nACSVLh6Fa-20260911","ticker":"TORQ","exchange":"","all_tickers":["TORQ"],"title":"Torq Announces Debt Settlement and Corporate Update","author":"ACCESSWIRE","published_at":"2026-09-11T02:00:00.951Z","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / September\n10, 2026 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) (\"Torq\" or the\n\"Company\") is pleased to announce that it has reached agreements in principle\nwith certain arms-length and non-arm's length creditors to settle\napproximately $400,000 in units, identical to those in the private placement\noffering announced on August 20, 2026 (the \"Financing\"), and approximately\n$110,000 in shares priced at $0.05 per share (the \"Debt Settlement\"). The Debt\nSettlement is subject to execution of settlement agreements and TSX Venture\nExchange approval. Completion of the settlement is targeted for September 2026\nto coincide with the previously announced Financing.\n\nCorporate Update:\n\nThe Company announces that director, Marie-Hélène Turgeon, has resigned from\nher position on the board of directors with the Company, effective\nimmediately. The Company's CEO, Shawn Wallace, stated \"On behalf of Torq and\nthe Board, I would like to thank Marie-Hélène for all her efforts over the\npast 5-years and wish her success in her future endeavors.\"\n\nThe Company also announces that it has terminated its investor relations\nagreement with Kin Communications, effective July 31, 2026. The agreement was\noriginally entered into on June 10, 2025. The termination was made in\naccordance with the terms of the agreement. The Company thanks Kin\nCommunications for its services.\n\nON BEHALF OF THE BOARD,\n\nShawn Wallace\nCEO & Chair\n\nFor further information on Torq Resources, please visit www.torqresources.com\nor contact the company at (778) 729-0500 or info@torqresources.com.\n\nAbout Torq Resources\n\nTorq is a Vancouver-based copper and gold exploration company with a portfolio\nof premium holdings in Chile. The Company is establishing itself as a leader\nof new exploration in prominent mining belts, guided by responsible,\nrespectful and sustainable practices. The Company was built by a management\nteam with prior success in monetizing exploration assets and its specialized\ntechnical team is recognized for their extensive experience working with major\nmining companies, supported by robust safety standards and technical\nproficiency. The technical team includes Chile-based geologists with\ninvaluable local expertise and a noteworthy track record for major discovery\nin the country. Torq is committed to operating at the highest standards of\napplicable environmental, social and governance practices in the pursuit of a\nlandmark discovery. For more information, visit www.torqresources.com.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nSOURCE: Torq Resources Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/torq-announces-debt-settlement-and-corporate-update-1219677)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nACSVLh6Fa-20260911","title":"Torq Announces Debt Settlement and Corporate Update","author":"ACCESSWIRE","ticker":"TORQ","created":"2026-09-11T02:00:00.951Z","tickers":["TORQ"],"exchange":"","article_body":"VANCOUVER, BC / ACCESS Newswire (https://www.accessnewswire.com/) / September\n10, 2026 / Torq Resources Inc. (TSXV:TORQ)(OTCQB:TRBMF) (\"Torq\" or the\n\"Company\") is pleased to announce that it has reached agreements in principle\nwith certain arms-length and non-arm's length creditors to settle\napproximately $400,000 in units, identical to those in the private placement\noffering announced on August 20, 2026 (the \"Financing\"), and approximately\n$110,000 in shares priced at $0.05 per share (the \"Debt Settlement\"). The Debt\nSettlement is subject to execution of settlement agreements and TSX Venture\nExchange approval. Completion of the settlement is targeted for September 2026\nto coincide with the previously announced Financing.\n\nCorporate Update:\n\nThe Company announces that director, Marie-Hélène Turgeon, has resigned from\nher position on the board of directors with the Company, effective\nimmediately. The Company's CEO, Shawn Wallace, stated \"On behalf of Torq and\nthe Board, I would like to thank Marie-Hélène for all her efforts over the\npast 5-years and wish her success in her future endeavors.\"\n\nThe Company also announces that it has terminated its investor relations\nagreement with Kin Communications, effective July 31, 2026. The agreement was\noriginally entered into on June 10, 2025. The termination was made in\naccordance with the terms of the agreement. The Company thanks Kin\nCommunications for its services.\n\nON BEHALF OF THE BOARD,\n\nShawn Wallace\nCEO & Chair\n\nFor further information on Torq Resources, please visit www.torqresources.com\nor contact the company at (778) 729-0500 or info@torqresources.com.\n\nAbout Torq Resources\n\nTorq is a Vancouver-based copper and gold exploration company with a portfolio\nof premium holdings in Chile. The Company is establishing itself as a leader\nof new exploration in prominent mining belts, guided by responsible,\nrespectful and sustainable practices. The Company was built by a management\nteam with prior success in monetizing exploration assets and its specialized\ntechnical team is recognized for their extensive experience working with major\nmining companies, supported by robust safety standards and technical\nproficiency. The technical team includes Chile-based geologists with\ninvaluable local expertise and a noteworthy track record for major discovery\nin the country. Torq is committed to operating at the highest standards of\napplicable environmental, social and governance practices in the pursuit of a\nlandmark discovery. For more information, visit www.torqresources.com.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nSOURCE: Torq Resources Inc.\nView the original press release\n(https://www.accessnewswire.com/newsroom/en/metals-and-mining/torq-announces-debt-settlement-and-corporate-update-1219677)\non ACCESS Newswire\n\n\nCopyright 2026 ACCESS Newswire. All Rights Reserved."},"type":"article","timestamp":"2026-09-11T02:00:00.999089775Z","server_sent_at_ms":1789092000999},"received_at":"2026-09-11T02:00:01.053Z","source_url":"https://www.accessnewswire.com/newsroom/en/metals-and-mining/torq-announces-debt-settlement-and-corporate-update-1219677"},"analysis":{"id":"129994","press_release_id":"141158","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":["debt settled via equity issuance at $0.05 per share — penny-priced dilution for a micro-cap explorer","settlement only 'in principle' — still subject to executed agreements and TSX Venture Exchange approval","director resignation effective immediately with no stated reason or named replacement","investor relations agreement terminated — reduced investor outreach"],"eventType":"dilution","narrative":"Torq Resources has reached agreements in principle with arms-length and non-arm's length creditors to settle roughly $510,000 of debt — approximately $400,000 in units identical to its August 20, 2026 private placement plus approximately $110,000 in shares priced at $0.05 per share.\n\nThe settlement remains subject to executed settlement agreements and TSX Venture Exchange approval, with completion targeted for September 2026 to coincide with the previously announced Financing.\n\nIn the corporate update, director Marie-Hélène Turgeon resigned from the board effective immediately, with CEO Shawn Wallace thanking her for five years of service.\n\nThe company also terminated its investor relations agreement with Kin Communications effective July 31, 2026, about thirteen months after the agreement was originally entered into on June 10, 2025.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"Micro-cap copper explorer clears ~$510K of debt with penny-priced equity amid an abrupt board departure — housekeeping with a dilution cost."},"keyFigures":{"customDimensions":{"settlement_target":"September 2026","debt_settled_units":"$400,000","total_debt_settled":"$510,000","debt_settled_shares":"$110,000","settlement_share_price":0.05,"ir_agreement_effective_date":"June 10, 2025","ir_termination_effective_date":"July 31, 2026"}},"namedEntities":{"people":[{"name":"Marie-Hélène Turgeon","role":"Director (resigned, effective immediately)"},{"name":"Shawn Wallace","role":"CEO & Chair"}],"products":[],"companies":[{"name":"Torq Resources Inc.","ticker":"TORQ","relationship":"filer"},{"name":"Kin Communications","relationship":"terminated investor relations provider"},{"name":"TSX Venture Exchange","relationship":"regulatory exchange requiring approval"}],"dollarAmounts":[{"amount":"$400,000","context":"debt to be settled via units identical to the August 20, 2026 private placement"},{"amount":"$110,000","context":"debt to be settled via shares priced at $0.05 per share"},{"amount":"$0.05","context":"per-share price for the share portion of the debt settlement"}]},"materialImpact":{"score":2,"reasoning":"A ~$510,000 shares-for-debt settlement priced at $0.05 per share is dilutive for a micro-cap explorer, and an unexplained immediate director resignation adds a mild governance signal, but the amounts and scope are small and routine for a TSXV-listed company. No market-moving catalyst is present."},"tickerRelevance":{"others":[{"ticker":"TRBMF","relevance":"US OTCQB listing of the same issuer"}],"primary":"TORQ"},"globalImportance":12,"audienceRelevance":8,"eventTypeSecondary":["board_change"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"small debt-for-equity settlement plus routine board/IR changes","sectorWeight":"copper/gold exploration","marketCapAdjustment":"TSXV/OTCQB micro-cap reduces absolute materiality","retailFavoriteBoost":0}},"event_type":"dilution","event_type_secondary":["board_change"],"sentiment":"bearish","material_impact_score":2,"narrative":"Torq Resources has reached agreements in principle with arms-length and non-arm's length creditors to settle roughly $510,000 of debt — approximately $400,000 in units identical to its August 20, 2026 private placement plus approximately $110,000 in shares priced at $0.05 per share.\n\nThe settlement remains subject to executed settlement agreements and TSX Venture Exchange approval, with completion targeted for September 2026 to coincide with the previously announced Financing.\n\nIn the corporate update, director Marie-Hélène Turgeon resigned from the board effective immediately, with CEO Shawn Wallace thanking her for five years of service.\n\nThe company also terminated its investor relations agreement with Kin Communications effective July 31, 2026, about thirteen months after the agreement was originally entered into on June 10, 2025.","key_figures":{"customDimensions":{"settlement_target":"September 2026","debt_settled_units":"$400,000","total_debt_settled":"$510,000","debt_settled_shares":"$110,000","settlement_share_price":0.05,"ir_agreement_effective_date":"June 10, 2025","ir_termination_effective_date":"July 31, 2026"}},"named_entities":{"people":[{"name":"Marie-Hélène Turgeon","role":"Director (resigned, effective immediately)"},{"name":"Shawn Wallace","role":"CEO & Chair"}],"products":[],"companies":[{"name":"Torq Resources Inc.","ticker":"TORQ","relationship":"filer"},{"name":"Kin Communications","relationship":"terminated investor relations provider"},{"name":"TSX Venture Exchange","relationship":"regulatory exchange requiring approval"}],"dollarAmounts":[{"amount":"$400,000","context":"debt to be settled via units identical to the August 20, 2026 private placement"},{"amount":"$110,000","context":"debt to be settled via shares priced at $0.05 per share"},{"amount":"$0.05","context":"per-share price for the share portion of the debt settlement"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-11T02:00:44.267Z","global_importance":12,"audience_relevance":8,"importance_components":{"tickerTier":"micro-cap","eventGravity":"small debt-for-equity settlement plus routine board/IR changes","sectorWeight":"copper/gold exploration","marketCapAdjustment":"TSXV/OTCQB micro-cap reduces absolute materiality","retailFavoriteBoost":0}},"durationMs":43196,"modelName":"glm-5.3-flash"}}