Bluestone Resources Inc. was created in 2017 with the purchase of the Cerro Blanco gold & Mita Geothermal projects. Cerro Blanco is an advanced stage gold project located in southeastern Guatemala. A feasibility study was completed in 2019 that highlighted very robust economics with an after-tax IRR of 34% and a payback of 2.1 years. The average annual production is projected to be 146,000 ounces per year over the first three years of production with all-in sustaining costs of $579/oz. Bluestone is currently advancing project financing discussions with the goal of initiating construction in early 2020.
The Mita Geothermal project is a renewable energy project licensed for up to 50 megawatts of power. Over US$60M has been spent on it that includes 19 geothermal wells and an internal Feasibility Study that returned positive economics.
Elemental Royalties Corp. was incorporated as a private company in the British Virgin Islands in 2016 to acquire a diversified portfolio of royalties in the mining sector. Our initial focus was on securing royalties over producing or near-producing assets with established operators and counter-parties. Immediate cash-flow has enabled Elemental to limit dilutive fund-raisings to facilitate royalty acquisitions, and to pay a dividend to shareholders from inception. During 2017 Elemental acquired 3 royalties, 2 of which are on producing mines. In Q3 2018 we completed a further 2 acquisitions, both on producing mines. The ability to generate revenue from major mining operations from the outset was a key driver in creating a company which would succeed in a cyclical sector such as mining. Additionally, as a private company our operating costs have remained low, while the success of exploration on our royalty ground has meant that mine-lives have remained constant. Risk has been shared where necessary, in one case syndicating an acquisition with a mining private equity fund. Elemental continues to review potential royalty acquisitions across commodities and geographies. As the royalty and streaming sector continues to evolve Elemental anticipates playing an increasing part, as well as adding further value to our portfolio.
Ethos Gold Corp. is a well-financed resource exploration company led by a highly qualified management team with over 100 years of collective experience in mining and finance. A strong focus on economic viability of every project results in a highly selective strategy where only projects with potential to be highly profitable are acquired and advanced. Ethos leverages its strong balance sheet and fiscal reputation in public markets to finance these ventures and manages expenditures carefully to maximize fundamental and market value creation. Current projects in precious metals and minerals include properties in Chihuahua State, Mexico and British Columbia, Canada.
Fireweed Zinc Ltd. is a Canadian mining exploration and development company focused on advancing the Macmillan Pass Project. The project is host to the Tom, Jason, Boundary Zone & End Zone zinc-lead-silver deposits. Located in the Yukon Territory, Canada, the property is accessible via road and by air via the Macmillan Pass Airstrip on the property.
Management has taken a strategic approach to consolidate a district-scale land package over the past two years that has positioned Fireweed as a notable Canadian zinc explorer and developer. With one of the world's largest undeveloped zinc resources not currently held by a major company.
In 2018, the company had a very successful definition focused 2018 field program centered on the advanced-stage Tom and Jason deposits. In 2019, Fireweed plans to shift its 2019 exploration efforts to Macmillan Pass’ regional potential. To test the extent of the districts ultimate scale and the upside could be significant.
Genesis Metals Corp. is focused on advancing the Chevrier Gold deposit in Chibougamau Quebec. The Chibougamau mining district has seen nearly 7 million ounces of historical gold production and is subject of recent new gold discoveries in the region. The Chevrier Project is located 35 km south of Chibougamau and is accessed year-round by forestry road.
In February 2019, the company issued an updated 43-101 resource for the Chevrier deposit. Management believes that by having developed a new geological model at the Chevrier deposits, it will be able to unlock significant upside potential. Additionally, the team will be identifying opportunities for new high-grade discoveries on the 146 square kilometer property package.
Genesis has an experienced management team that is credited with previous discoveries and has notable success raising capital and monetizing assets.
Great Bear Royalties Corp. ("GB Royalties") is a precious metals focused royalty company trading on the TSX Venture Exchange under the ticker symbol "GBRR". GB Royalties is a spinout from Great Bear Resources Ltd. ("GBR"); GB Royalties was incorporated in January 2020 as a wholly owned subsidiary of GBR, with 100% of shares distributed to GBR shareholders through a court approved plan of arrangement in May 2020. GB Royalties provides exposure to a potential tier-1 discovery in a tier-1 jurisdiction, through our principal asset – a 2% NSR Royalty on Great Bear Resource's Dixie Project.
Great Bear Resources Ltd. is a well-financed gold exploration company managed by a team with a track record of success in mineral exploration. Great Bear is focused in the prolific Red Lake gold district in northwest Ontario, where the company controls over 300 km2 of highly prospective tenure across 4 projects: the flagship Dixie Project (100% owned), the Pakwash Property (earning a 100% interest), and the Sobel Property (earning a 100% interest), all of which are accessible year-round through existing roads.
K2 Gold Corp. is a junior resource company focused on exploring for gold in the Yukon and Alaska. The company plans to grow by acquiring further mineral properties in North America and undertaking smart, cost-effective exploration. It will also continue to utilize its strength and good reputation in financial markets to ensure adequate financial resources for the projects it acquires or discovers. We believe in early community engagement from the onset, to establish a solid foundation upon which strong working relationships and partnerships can be built.
Kodiak Copper Corp. is advancing focused on its portfolio of 100% owned copper porphyry projects in Canada and the USA. The Company’s most advanced asset is the MPD copper-gold porphyry project in the prolific Quesnel Trough in south-central British Columbia, Canada, where the Company made a discovery of high-grade mineralization in 2020. Kodiak also holds the Mohave copper-molybdenum-silver porphyry project is in Arizona, USA, near the world-class Bagdad mine. The Company’s Trapper copper-gold porphyry project is located in the northern Golden Triangle region of British Columbia. All three of Kodiak’s porphyry projects have been historically drilled and present known mineral discoveries with the potential to hold large-scale deposits.
At ValOre Metals Corp., our purpose is rooted in the drive to move society forward through the discovery and advancement of feasible metals and mining projects. With a team of industry experts and an impressive track record of exploration, project development, and M&A success, ValOre's goal is to add significant value to metals and mining projects around the world.
ValOre’s team aims to deploy capital and knowledge on projects which benefit from substantial prior investment by previous owners, existence of high-value mineralization on a large scale, and the possibility of adding tangible value through exploration, process improvement, and innovation.
Currently, ValOre holds projects hosting high-value uranium, precious and base metals, and the Company is on the hunt to acquire additional under-valued metals and mining projects.