HIRU Corporation Provides Update on Late Filing, Corporate Transformation, and Strategic Outlook
Georgia, 29.04.2025 — HIRU Corporation (OTC: HIRU) announces that while the company’s financial statements were completed and ready for filing as of April 1, 2025, an unexpected administrative delay occurred. The delay was caused by deficiencies in the handling of filing responsibilities by the former company secretary, including actions taken without proper authority or in alignment with the company’s interests. The Board of Directors promptly took corrective measures by removing the individual and proceeded immediately with the filing process, reinforcing internal compliance standards to prevent recurrence.
The recently filed financials capture the substantial corporate transformation that took place during the last quarter. Following the acquisition by the new control block and management team, HIRU Corporation formally discontinued its water business and related assets, which were previously controlled by the former owners. These operations have been reclassified as discontinued assets.
Concurrently, the integration of the company’s mining business has been successfully executed. HIRU Corporation now operates without legacy liabilities and has materially strengthened its balance sheet, reaching an equity valuation of approximately USD 50 million — without issuing new shares or diluting shareholder value.
Any potential recoveries from the discontinued assets will be assessed during the next quarter. Should such recoveries materialize, they will be recognized as exceptional gains related to the merger and restructuring operations.
The company is fully committed to its strategic roadmap focused on expanding its mining asset portfolio, developing exploration activities, and deploying extraction units within its managed concessions.
To support this growth trajectory, HIRU Corporation is assembling a highly experienced executive team, establishing an upgraded headquarters in the State of Georgia, and launching a new corporate website to better reflect its strategic evolution and operational excellence.
Additionally, a dedicated legal team has been engaged to protect the company’s interests and reputation, including addressing actions stemming from the prior ownership and management.
HIRU Corporation remains focused on executing its business strategy and delivering long-term value to its shareholders.
About HIRU Corporation
HIRU Corporation (OTC: HIRU) is a diversified company engaged in strategic investments, with a primary focus on the mining sector. The company is committed to transparency, operational excellence, and building sustainable shareholder value.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, and actual results may differ materially. All forward-looking statements in this release are based on information available as of the date hereof, and HIRU Corporation assumes no obligation to update such statements.
