Elray Resources Inc (ID) (ELRA)

Could be a nice bottom opp here 

first tweet since 2023 - Elray Resources advances AI-powered iGaming platform with strengthened balance sheet, audited financials, and revenue-generating operations. Strategic repositioning and commercialization roadmap progress highlighted. https://t.co/omEwc2lVNT

#iGaming #AI #ELRA— Elray Gaming (ELRA) (@ELRA_Official) April 19, 2026

ELRA 0.0005 - Provides Corporate Update



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https://www.otcmarkets.com/stock/ELRA/security

https://stockanalysis.com/quote/otc/ELRA/

https://www.barchart.com/stocks/quotes/ELRA/price-history/historical

https://www.barchart.com/stocks/quotes/ELRA/technical-chart?plot=CANDLE&volume=total&data=WO&density=X&pricesOn=1&asPctChange=0&logscale=0&indicators=ACCUM;SMA(50);SMA(100);SMA(20);SMA(200);RSI(14,100);MFI(14,100);SMACD(12,26,9);PTP(50);PTP(50);BOLLW(20,2);BBANDS(20,2)&sym=ELRA&grid=1&height=500&studyheight=100

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Apr. 16, 2026 8:30 AM ET

Elray Resources, Inc.
Provides Corporate Update on
Strategic Repositioning,
Platform Expansion
and Commercialization Roadmap

https://www.newmediawire.com/news/elray-resources-inc-provides-corporate-update-on-strategic-repositioning-platform-expansion-and-commercialization-roadmap-7086376

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Live! Charts

is ELRA updating? would like to see them make a good move up.

https://www.newmediawire.com/news/elray-resources-inc-provides-corporate-update-on-strategic-repositioning-platform-expansion-and-commercialization-roadmap-7086376

Without good updates,I hate to say 2s may return

Not to say it's good,But lots of volume 20 minutes into the day

Bullish on $ELRA, because:
1. No more Form 4 filed after the 08/18/2025 filing of the Form 4. It indicates ELRA still holds 1,320,000 shares (of Nasdaq ETHZ) after the 08/11 transaction. This was before ETHZ's reverse split on 10/20.
2. This latest Form 4 also states that this amount includes 1,318,000 shares that are expected to be repurchased by ETHZ following the date of this Form 4. ETHZ intends to continue to repurchase its shares under its existing board authorized $250 million stock repurchase program.
3. ELRA may also wait until ETHZ's share price increases and then sell these shares.
4. ETHZ is reversing up. It continues to hold approximately $400 million of ETH to support future strategic initiatives. Like all other cryptocurrencies, ETH is reversing now.
5. ETHZ on 11/25/2025 announced the cancellation of 2,099,741 treasury shares, and on 12/01/2025 announced the rescission and cancellation of the shares of restricted stock previously granted to its CEO and each Director. These two share cancellations weren't well priced in yet (probably due to the recent broader crypto downtrend).
6. ELRA, whose CEO Anthony Goodman is also Nasdaq GMGI's CEO, in 2022 had increased its A/S from 4500m (to 7500m), but ELRA's current O/S (4317m as of today) is even well below its old A/S 4500m (the dilution has been very limited).
7. All these mean that ELRA is very undervalued now and will see its true value soon.

https://www.otcmarkets.com/file/company/financial-report/507661/content

$ELRA quarterly report is out #OTC $4,360,000 in cash now after selling $ATNF $ETHZ
otcmarkets.com/file/company/f…

Your good it appears. I really didn't wanna up to 5

I don't know if 4's can be had but I'm bidding for  500k although I don't need them. 

Right. Interpretation is in the eyes of the lol. Can 4's be had on a Friday?

Someone keeps putting in 10 million share bids when any 4's are on the Ask.  What does it mean?  I don't know, but someone, or a group of someone's are building a nice position.  

Couldn't believe it went back down to 3s...what do ya think over the next 5 days or so...I do like their affiliation with ethz.... Tokenization ? Or something like that? I may jump in if it stays around here...I guess keep an eye on what's happening behind the scenes

I may just jump in here.... At 5s, oh well

Volume is building, someone either knows something, or is about to pump it.  Quarterly should be out in two weeks or so to show where the proceeds of selling their ATNF shares went. 

check... check...

To my knowledge they just changed the name. 

Dumb question, did Ethz reverse merge with 180 or Something else?

What do we think here? Retested previous low and kept moving? Any expected catalysts or update?

You might get lucky if you bid 3's.  Someone has gotten impatient and sold into the 3's the last two days.  If you don't have any, grabbing some 4's might not be a bad idea.  I'm not expert, but sometimes these things run after someone dumps their shares.  

What do ya think...keep waiting or grab 4s

That's my bet.  At some point something will come out about the sale of ETHZ shares.  What they do with that money I don't know.  Pay down convertible notes?

Thanks man .. do you think Elra has some more tricks in their bag? They sold some I.p or whatever. I remember them from 2020/21... I'm wondering if they got some momentum building. I gotta read up obviously

From October 3, 2024 ETHZ 8-K
On September 29, 2024, 180 Life Sciences Corp. (the “Company”, “we” and “us”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Elray Resources, Inc. (“Elray”). Pursuant to the Purchase Agreement, Elray agreed to sell us certain source code and intellectual property relating to an online blockchain casino (the “Purchased Assets”) in consideration for 1,000,000 shares of newly designated Series B Convertible Preferred Stock (the “Preferred Stock”, and the shares of common stock issuable upon conversion thereof, the “Conversion Shares”) and warrants to purchase 3,000,000 shares of common stock of the Company (the “Warrants” and the shares of common stock issuable upon exercise thereof, the “Warrant Shares”). Pursuant to the Purchase Agreement, the Company and Elray made certain representations and provided certain warranties (which were required to be re-certified at closing) to each other relating to, among other things: (a) the organization of the parties; (b) the authority of the parties to enter into and affect the transactions contemplated by the Purchase Agreement; (c) required consents to complete the transaction; (d) no conflicts existing in connection with the Purchase Agreement; (e) lack of litigation; (f) no brokers; (g) title to the Purchased Assets (Elray); (h) intellectual property rights (Elray); (i) certain securities representations (Elray); (j) capitalization of the Company (the Company); (k) the listing of our common stock on Nasdaq; and (l) others. The Purchase Agreement includes (i) customary covenants of each of the parties and confidentiality requirements; and (iv) customary indemnification requirements of the parties, subject to a $25,000 deductible. The closing of the transactions contemplated by the Purchase Agreement were subject to certain customary conditions to closing, including the filing of the designation of the Preferred Stock with the Secretary of State of Delaware, and the receipt by the Company of an opinion of Hempstead & Co., LLC to the effect that, as of the date of such opinion and subject to the assumptions, qualifications, limitations and such other factors deemed relevant by Hempstead & Co., LLC, as set forth in such opinion, the purchase price to be paid by the Company was fair, from a financial point of view, to the Company, which opinion was received verbally on September 29, 2024, which conditions to closing were either satisfied or waived by the parties on September 30, 2024. The acquisition contemplated by the Purchase Agreement closed on September 30, 2024 (the “Closing” and such date, the “Closing Date”). Following the Closing, Elray agreed to provide support and assistance to the Company in connection with the building and launching of a fully operational casino operation utilizing the Purchased Assets, at no cost to the Company for a period of six months following the Closing, provided that such assistance shall not exceed 40 hours per week without the prior written approval of the Seller (the “Post-Closing Assistance”). The Post-Closing Assistance will also require Elray to assist the Company with obtaining payment gateways and licensing where required, acknowledging that the Company will require a front end (the “Front-End Development”). Following the Closing, at the request of the Company, Elray and the Company shall negotiate in good faith to come to agreement on an arrangement whereby Elray will, for an additional cost agreed to by Elray, help the Company complete the Front-End Development, or at the request of the Company, Elray shall introduce the Company to a vendor that would sell such a front end for one or more casinos that will operate on the Purchased Assets at a cost to be agreed between such vendor and the Company, in the Company’s sole discretion. The Company has sole discretion to determine which, if any, vendor it retains for the Front End Development. 

How did they get those atnf shares...my Internet is quite dysfunctional.... Is this going to have a run...or was that just 1 last pop

Looks like ELRA sold almost $9.3 million in ATNF shares 
https://www.otcmarkets.com/filing/html?id=18707066&guid=emE-kWjl7Xith3h

yikes

ATNF, huge warrants, Last page, company exercised the warrants, and received 1,320,000 shares on a cashless exercise. Current value if they did not sell on the huge runup = $9,900,000. A trip with 10 million asset/cash. If they sold on the runup could have over 20 million cash.


NOTE 14 – SUBSEQUENT EVENTS
On July 27, 2025, Elray submitted a Notice of Exercise of Warrant to ATNF to exercise the Warrants (No. 180-LIFE-2024-1) for the
purchase of 3,000,000 shares of common stock of ATNF at the price of $1.68 per share. The Warrant was exercised on a cashless basis
in accordance with the formula provided under the warrant agreement, resulting in the cancellation of a portion of the underlying shares
in lieu of a cash payment. Accordingly, Elray received 1,320,000 shares of common stock of ATNF as the result of the cashless exercise.

Volume picking up,We will see. Forgot about this one..hmmm

Quarterly is out.  Page 21 still mentions ATNF warrants. 
https://www.otcmarkets.com/file/company/financial-report/486928/content

Last time run up to $0.0086, without any news,
with good push, news may run to $0.02, , doable

does anyone have a guess at fair value here?

i am on same page as you, sitting on large pile of shares, ELRA is owned now by ATNF, Big whale in penny stocks , paid 4 million for it, waiting for BIG PUMP

As I said resolve will be tested!! Who's still holding??

may jump in here. good volume. wrong direction at the moment

ELRA past the potential with that news to make a monster move now.. I have held 5 million shares at .0005 for many years. Ever since Covid I believe. Been waiting for it to make a big move someday. This may be the beginning.

Well money spent, he will make profits soon

Now the real test begins!! Who's going to tap out??

Someone actually bought 13's lol

I bought a few easy money

Most likely because ELRA has/or had a stake in ethereum treasury ATNF that has ran 1000%. 
https://www.otcmarkets.com/filing/html?id=18674692&guid=kzE-knHfIS9kdth

It appears ELRA had a potential 40% stake in ATNF...but back in April they agreed to a repurchase agreement which is being executed over time I believe. The recent filing appears to show ATNF buying back all of the shares that were owned by ELRA. ELRA now appears to be sitting a good few million $'s. What will they do with that going forward?

https://finance.yahoo.com/news/180-life-sciences-corp-announces-123000768.html

https://www.sec.gov/Archives/edgar/data/1402371/000010362325000029/xsl144X01/primary_doc.xml

imho
mj

Any idea why the stock is up? Glad to see this is finally making a move.

Glad I've added some $.0003's over the last few weeks.  

WOOOOW !!!! A/H .0009 1.6 MIL

0008 CLOSE !!

woah, took .0005s earlier

👀👀👀