Company Overview

Entrée Resources Ltd. is a publicly listed mineral exploration and development company focused on copper and gold resources, operating within the mining and metals industry. The company’s core business is the advancement of its carried interest and direct ownership interests in mineral properties that are adjacent to or part of major producing assets, with its value primarily driven by exposure to large-scale, long-life copper-gold systems.

The company’s principal asset is its ownership interest in the Entrée/Oyu Tolgoi Joint Venture Property in Mongolia, which lies contiguous to the Oyu Tolgoi mine, one of the world’s largest known copper-gold deposits. Entrée’s strategic positioning is unique in that it does not operate mines directly but maintains economic exposure to production and development outcomes through contractual and joint venture arrangements. Founded in 1993, the company evolved from a traditional exploration model into a royalty-like and carried-interest structure following agreements related to the Oyu Tolgoi project.

Business Operations

Entrée Resources generates potential future revenue through its carried interest in the Entrée/Oyu Tolgoi Joint Venture, under which development and operating costs for certain defined areas are largely funded by the project operator, subject to contractual terms. The company does not currently report mineral production revenue and is focused on asset stewardship, technical oversight, and protection of its contractual rights.

Operations are primarily international, with its material assets located in Mongolia, while corporate, administrative, and investor relations functions are managed from Canada. Entrée does not control mining infrastructure directly; instead, its economic interests are tied to development milestones, mine planning, and long-term production from the joint venture area. The company has no significant operating subsidiaries with standalone revenue-generating activities based on publicly available disclosures.

Strategic Position & Investments

Entrée’s strategic direction centers on maximizing the value of its interest in the Oyu Tolgoi system through long-term development, legal certainty, and cooperation with project stakeholders. The company’s principal investment is its joint venture interest associated with the Oyu Tolgoi underground development, which is operated by entities controlled by Rio Tinto and the Government of Mongolia.

Rather than pursuing acquisitions or diversification, Entrée maintains a focused asset strategy, allocating capital toward technical analysis, legal and contractual enforcement, and corporate sustainability. The company is indirectly exposed to emerging trends in electrification and decarbonization through copper demand, though it does not invest directly in new technologies or downstream processing sectors.

Geographic Footprint

Entrée Resources’ asset exposure is concentrated in Asia, specifically Mongolia, where its joint venture property is located within the South Gobi region. This area represents one of the most significant copper-gold districts globally and anchors the company’s long-term value proposition.

Corporate headquarters and administrative operations are based in North America, with the company incorporated and managed from Canada. While Entrée does not maintain a broad operational footprint across multiple continents, its economic influence is tied to a globally significant mining complex that supplies international commodity markets.

Leadership & Governance

Entrée Resources is led by an executive team with experience in mining finance, exploration, and corporate governance. The company emphasizes disciplined capital management, long-term asset value preservation, and alignment with shareholder interests, consistent with its non-operating business model.

Key executives and directors include:

• Stephen Scott – President & Chief Executive Officer
• Robert McCabe – Chairman of the Board
• David Jan – Chief Financial Officer
• Hugo Steenkamp – Vice President, Exploration

The leadership team’s strategic vision focuses on safeguarding the company’s contractual rights, maintaining constructive stakeholder relationships, and positioning Entrée to benefit from the long-term development and production profile of the Oyu Tolgoi mining district.