TSX-V: GSPR

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