Experienced Leadership
Our deal team has extensive experience across critical functions of successful resource deals:
- deal structuring
- sourcing and acquisition of assets
- exploration and development of assets
- capital raising
- legal & regulatory
- marketing and promotion
Excellent Capital Structure
- Tiny Market Capitalization of only CAD$5 million
- Management & Insiders Hold ~25% of I/O Shares
- Fully funded with treasury of ~$CAD 1 million
- All pre-IPO privately issued shares were voluntarily pooled above and beyond TSXV policy to demonstrate long-term commitment of Management and Shareholders to create Value
- Free trading float of only 6.3 million shares
Southwestern BC Focus: The Alwin Mine
- January 2020: Obtained option to acquire 100% of the past-producing Alwin Mine Copper-Gold-Silver Mine
- Spring-Summer 2020: Completed Data compilation, 3D modelling of Alwin Deposit, generated expansion drill targets, obtained permit for Fall 2020 Drill program
- Fall 2020: Commencing Phase 1 Drill program focused on expansion targets as well as drilling to support re-interpretation of the historic Alwin Mine deposit
Financials
View our filings on SEDAR.
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Capital Structure
Issued & Outstanding Shares:
16.2 Million
Fully Diluted:
21.9 Million
Working Capital:
CAD $1 million
Market Capitalization:
CAD $5.0 Million
Enterprise Value:
CAD $4.0 Million
*All pre-IPO shares are subject to 36-month escrow release schedule;
- 1.650 million non-insider pre-IPO shares remain escrowed;
- Management & Insiders Hold ~25% of I/O Shares (4.2 million);
- Free Float: 6.3 million shares (as at May 28, 2020);
Share Structure Detail
Amount:
Notes:
Basic Shares:
16,153,926
-
Options:
1,615,000
Warrants:
4,107,098
20c Strike Price
Fully Diluted
21,876,024
As at August 24, 2020
Shareholder Value Creation Strategy
Projects
- Recently acquired option to acquire 100% of Alwin Mine Project; option to earn 100% of the Olivine Mountain project
- Acquire and develop precious and base metals projects in Southwestern BC
Structure
- Focus on capital efficiency and risk mitigation:
- Capital Efficiency: carefully managing capital structure;
- Focus on projects that can add near-term value to shareholders
- Analyze potential acquisition on a Risk/Reward basis:
- Opportunistic acquisitions
- Target projects at appropriate stage for Public Exploration Vehicle
Macro Trends
- Metals & Mining Capital Markets Cycle in full swing
- Precious metals prices are rallying, base metals often follow
- Precious metals historically outperform as USD weakens after Financial Crisis as fiscal and monetary stimulus effects are priced into market; during early recovery Metals perform well as currencies are debased to spur demand
