What Gold Candle does

Gold Candle, operating as Cadillac Mines Corporation, is a privately funded Canadian mineral exploration company founded in 2015 and headquartered in Toronto, Ontario. The company is advancing a portfolio of gold and critical minerals assets across the Abitibi Greenstone Belt in Ontario and Quebec, anchored by the flagship Kerr-Addison Project (centered on one of Canada's most historic gold mines), the Galloway Project (a 2,668-hectare property along the Cadillac-Larder Lake Fault with a 3-kilometer-wide corridor of gold-bearing structures over a 10-kilometer strike length), and the emerging Geminid nickel sulphide discovery. Through April-May 2026 acquisitions of Fokus Mining Corporation (for $65 million in cash) and the Larder Property from Pan American Silver (in exchange for 15 million common shares), the company expanded its land position to over 27,000 hectares and added approximately 1.4 million ounces of inferred gold (Fokus) plus 388,000 ounces indicated and 933,000 ounces inferred gold (Larder), with a further option agreement covering the Recession Larder Prospect from Val-D'Or Mining. The company has no product revenue; its economic model is mineral resource development and asset appreciation, with a 14,100-meter / 49-hole 2025 drilling program funded by a $50 million private placement and a transition to public markets via an IPO launched July 20, 2026. The company is led by Chairman Pierre Lassonde and CEO Richard Howes, with Michael Berns as Founder and Executive Chairman, Léon G. LeBlanc as President & COO, and board appointments including Sunny Lowe as Audit Committee Chair. The customer base is institutional and retail mining investors seeking exposure to the Abitibi region; the company has no recurring commercial customers and no disclosed pricing model.

Name

Gold Candle

Legal name

Cadillac Mines Corporation

Website

https://www.cadillacmines.com/

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Gold Candle, operating as Cadillac Mines Corporation, is a Canadian mineral exploration company advancing gold and critical minerals assets across the Abitibi Greenstone Belt in Ontario and Quebec, targeting a 27,000+ hectare land position via the Kerr-Addison, Galloway, and Geminid projects ahead of its 2026 IPO.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold exploration
• Mineral resource development
• Critical minerals mining
• Abitibi gold camp
• Mining exploration services

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure

Revenue model

1. Mineral resource development and asset appreciation: Pre-revenue exploration stage company focused on building mineral resource inventory through exploration and strategic acquisitions. Revenue generation not yet commenced.

Go-to-market motion1 record

Marketing channels2 records

Core offering

Gold Candle is a privately held Canadian mineral exploration company that advances a portfolio of gold and critical minerals (nickel) projects along the Cadillac-Larder Lake Break in the Abitibi Greenstone Belt of Ontario and Québec. The company's flagship asset is the historic Kerr-Addison Mine, which produced approximately 1.4 million ounces of gold historically, and its portfolio also includes the Galloway Project, Geminid nickel sulphide project, Recession Larder Prospect, and Larder Property. The company is pre-revenue and is funded through private placements in preparation for a planned IPO.

Product overview

Cadillac Mines Corporation (operating as Gold Candle Ltd.) is a privately funded Canadian exploration company advancing a growing portfolio of gold and critical minerals assets across the Abitibi Greenstone Belt in Ontario and Quebec. The portfolio includes three core projects: the flagship Kerr-Addison Project (historic gold mine with open-pit potential), the Galloway Project (gold exploration along Cadillac-Larder Lake Break), and the Geminid nickel sulphide Project (critical minerals discovery). Additional assets include the recently acquired Larder Property from Pan American Silver and optioned Recession Larder Prospect claims, collectively positioning the company with exposure to both precious metals and critical minerals in one of Canada's most established mining regions.

Differentiator

Problem solved

Functional benefit

Products and services

• Kerr-Addison Mine Project The Kerr-Addison Mine Project is the flagship gold asset of Gold Candle located along the Cadillac-Larder Lake Break. The historic mine produced approximately 1.4 million ounces of gold historically, and the company is advancing it through a 14,100-metre winter drill program and resource estimation work as part of a path-to-production plan. The project is intended for institutional and retail investors seeking exposure to a brownfield gold project in a proven mining jurisdiction.
• Galloway Project The Galloway Project is a gold exploration property held within Gold Candle's portfolio along the Cadillac-Larder Lake Break in the Abitibi Greenstone Belt of Ontario and Québec. It is part of the company's district-scale consolidation of approximately 27,000 hectares of mineral rights and contributes to the broader gold resource development pipeline.
• Geminid Project The Geminid Project is a nickel sulphide critical minerals property held within Gold Candle's portfolio. It provides exposure to critical minerals as a complement to the company's gold assets and supports the dual-commodity thesis along the Cadillac-Larder Lake Break.
• Recession Larder Prospect The Recession Larder Prospect is a gold exploration prospect within Gold Candle's portfolio along the Cadillac-Larder Lake Break. It is part of the company's district-scale holdings in the Abitibi Greenstone Belt and contributes to the broader resource development pipeline.
• Larder Property The Larder Property is a gold exploration property within Gold Candle's portfolio along the Cadillac-Larder Lake Break in the Abitibi Greenstone Belt. It is part of the company's approximately 27,000-hectare consolidated land position and contributes to the broader gold resource development pipeline.

Quantifiable outcome

• Mineralized corridor of 3-4 stacked lenses extending 400m northeast with 300m width identified at Kerr-Addison with gold grades over 1.35 g/t in areas previously modeled as limited mineralization
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Pan American Silver Corp.coreStrategic or Co-development Partner · 8 May 2026Gold Candle entered into a binding asset purchase agreement to acquire the Larder Property from Pan American Silver in exchange for 15,000,000 common shares, making Pan American approximately 6% owner of Gold Candle on a pro forma basis. The property contains historical indicated resources of 388,000 ounces of gold and inferred resources of 933,000 ounces of gold. Transaction expected to close in Q3 2026.
• Val-D'Or Mining CorporationminorStrategic or Co-development Partner · 17 March 2026Val-D'Or Mining granted Gold Candle an option to acquire 100% interest in the Recession Larder Prospect mineral claims in northeastern Ontario. Gold Candle will pay $300,000 in staged payments over two years and incur $1,000,000 in exploration expenditures over three years. Val-D'Or retains a 2% Net Smelter Returns royalty and a back-in right to reacquire 20% interest upon publication of a mineral reserve estimate. Property consists of 14 contiguous mining claim cells totaling approximately 121 hectares located 1.8 kilometers northwest of the past-producing Kerr-Addison Mine.
• Fokus Mining CorporationcoreStrategic or Co-development Partner · 12 February 2026Gold Candle acquired Fokus Mining Corporation through an all-cash transaction valued at $65 million. Fokus shareholders received $0.26 per share representing a 36.8% premium. The acquisition added 1.4 million ounces of inferred gold mineral resources and expanded Gold Candle's land position to over 20,000 hectares along the Larder Lake Cadillac Break in Quebec's Abitibi region. Transaction completed April 2026.

Scale indicators4 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Probe Gold: Canadian gold exploration company with the flagship Novador Project in Quebec's Abitibi region. Direct peer given similar jurisdictional focus, multi-million ounce gold resource base, and comparable stage of pre-production resource development.
• Equinox Gold: Canadian gold producer with assets in multiple jurisdictions including Canadian operations. Comparable as a growth-oriented Canadian gold mining company pursuing resource expansion through exploration and acquisitions, similar in strategic approach to Gold Candle's M&A-led platform building.
• Osisko Mining: Canadian gold exploration company focused on the Windfall Lake Project in Quebec and other Canadian assets. Comparable as a fellow Canadian gold explorer pursuing resource growth through aggressive drilling programs in tier-one Canadian mining jurisdictions.
• New Gold: Canadian intermediate gold producer with the Rainy River mine in Ontario near the Abitibi region. Comparable as a Canadian-focused gold producer with operations in geographic proximity to Gold Candle's Abitibi land position, pursuing similar resource growth and production strategies.
• Argonaut Gold: Canadian gold producer with operations in Ontario and Quebec, including the Magino mine adjacent to the Cadillac-Larder Lake Break. Direct peer given overlapping geographic footprint in the Abitibi and similar stage of growth-oriented gold production.
• Wesdome Gold Mines: Canadian gold producer focused on the Eagle River and Kiena mines in Ontario and Quebec. Comparable as a Canadian-focused gold company with operations in proximity to the Cadillac-Larder Lake Break, pursuing similar resource growth and production strategies.

Broad incumbents

• Pan American Silver: Major silver and gold producer that recently sold the Larder Property to Gold Candle for 15 million shares, becoming a ~6% pro forma owner. Comparable because of its prior operational presence on Gold Candle's newly acquired Larder Property and overlapping exposure to the Abitibi mining district.
• Alamos Gold: Canadian intermediate gold producer with operations across North America, including the Young-Davidson mine in Ontario's Abitibi region. Comparable because of its established Abitibi production base and overlapping strategic interest in the Cadillac-Larder Lake Break corridor.
• IAMGOLD: Canadian mid-tier gold producer with significant operations in the Abitibi region, including Côté Lake and Westwood mines. Comparable because of overlapping geographic focus in the same structural corridors (Cadillac-Larder Lake Break) and similar commodity exposure.
• Agnico Eagle Mines: Major Canadian gold producer with extensive operations in the Abitibi Greenstone Belt, including the historic Kerr-Addison area. Directly comparable because of overlapping geographic focus and the fact that Gold Candle's flagship Kerr-Addison asset sits in Agnico's traditional operating region, making it a natural acquirer or competitive operator.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gold Candle