02:11 PM EST, 11/11/2025 (MT Newswires) -- Compass Gold ( COGDF ) on Tuesday said the Ministry of Environment, Sanitation and Sustainable Development of Mali granted the company's Environmental Permit, clearing the way for the Ministry of Mines to issue a Small Mine Permit for the company's Massala prospect.

"All materials required for the granting of the Small Mine permit are now in the hands of the Ministry of Mines, and we anticipate that this final step in our permitting process will proceed very quickly," said Chief Executive Officer Larry Phillips.

The company also said that the bulk sampling to test the main zone of the proposed Massala Small Mine permit area is ongoing.

"Meanwhile, as we continue the bulk sampling and planning for this first Small Mine Permit for Massala, we are also reviewing our large endowment of exploration permit areas around our Sikasso Property area, where we believe we will be able to develop more small mines as well as other opportunities to realize significant value for our shareholders from portions of our holdings, " added the CEO.

The company's shares were last seen up $0.045 to $0.175 on the TSX Venture Exchange.

Price: 0.18, Change: +0.05, Percent Change: +34.62