Bird River Resources Inc. (“BDR” or the “Company”) is a Canadian public company, incorporated in Manitoba and founded in 1958. The Company is a reporting issuer in Manitoba, Ontario and British Columbia whose common shares are listed on the Canadian Securities Exchange (CSE) Symbol BDR.
During its history, BDR has been active in various mining and resource exploration projects in western Canada. Over the past twenty years, the Company has been focused on oil & gas exploration and development (E&P) in southwestern Manitoba and Alberta through two subsidiary companies. As a result of the extreme volatility in oil prices, rising cost, declining profitability and the ongoing movement towards decarbonisation has resulted with a decline of investor interest in the oil & gas E&P industry. As a result, BDR’s management and board of directors decided to sell its Alberta and Manitoba oil and gas subsidiaries during the past year. The Company is now actively pursuing new opportunities in the energy/power sector.
The Company continues to hold a 1% NSR in a nickel-platinum-palladium property in eastern Manitoba near the Ontario border as an investment. During the past year, Management and the Board of Directors have reviewed various business opportunities with respect to the Company's Strategic Plan. The Company intends to grow by strategic acquisitions and/or joint ventures. BDR participates in business projects by way of equity participation and/or partnerships with experienced management teams. The global energy system is becoming increasingly integrated across energy transportation and electricity markets which presents new opportunities for BDR in this evolving market. This transition to a low carbon economy requires a proactive strategy by management.
This past May 27, 2021 Bird River Resources Inc. and Faraday Energy Inc. announced a proposed business combination/Merger. - For additional details, please click Press Releases in the menu at the top of the web page.