What Onyx Gold does

Onyx Gold Corp. is a Canadian gold exploration company that conducts systematic mineral exploration across district-scale land positions in two of Canada's premier gold camps: the Timmins Gold Camp in Ontario and the Selwyn Basin in Yukon Territory. The company controls 100% of approximately 420 km² in the Timmins area through its flagship Munro-Croesus Project (92–112 km²) plus the Golden Mile (140 km²) and Timmins South (187 km²) properties, and holds a portfolio of four properties in the Selwyn Basin including the King Tut property. Its core technology is conventional mineral exploration — diamond drilling (a fully funded 110,000-meter program in 2026), high-resolution drone magnetic surveys (420 line-km completed), and geological modeling — applied systematically to consolidated land packages to identify and expand gold mineralization zones. The flagship Argus gold system at Munro-Croesus was discovered in April 2025 with intercepts including 3.4 g/t Au over 69.6m and 13.9 g/t Au over 9.5m, driving a 641% share price appreciation in 2025 and a TSX Venture 50 ranking.

Onyx Gold's business model is that of a pre-revenue exploration company rather than a producing miner. There are no commercial customers, products, or pricing: capital is raised entirely through equity markets via private placements, flow-through share offerings, warrant exercises, and brokered financings. The company has raised approximately C$43–46 million cumulatively since its 2023 spin-out from HighGold Mining, including approximately C$26.4 million across 2025 financings, with roughly C$20–22 million in treasury as of April 2026. Its GTM motion is event-driven: press releases on drill results, technical webinars, and active investor relations (VP-level function) targeting institutional and strategic investors — including Gold Fields, which holds a 9.9% strategic stake acquired in May 2025. The company distributes shares via TSX Venture Exchange (TSX-V: ONYX), OTCQX (ONXGF), and direct private placements to strategic/mining-industry investors, and serves as an acquisition or partnership target for major and intermediate gold mining companies seeking new high-quality discoveries in established jurisdictions.

Name

Onyx Gold

Legal name

Onyx Gold Corp.

Website

https://onyxgold.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Onyx Gold Corp. is a Canadian pre-revenue gold exploration company that conducts systematic drilling across district-scale land positions in the Timmins Gold Camp (Ontario) and Selwyn Basin (Yukon), targeting high-grade gold discoveries for eventual sale, partnership with, or development by major gold producers.

Ownership category

akta.pro rank

Product category

Gold Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Support Activities for Metal Mining (213114)

SIC

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

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Gold exploration services
• Mineral property exploration
• Gold mining exploration
• Precious metals exploration
• Mineral resource development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equity Financing: Pre-revenue gold exploration company that generates capital through equity financings including private placements, flow-through share offerings, and warrant exercises. No commercial revenue from mineral production. Funded entirely by capital markets.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Onyx Gold Corp. is a Canadian gold exploration company focused on the discovery and growth of gold resources through systematic exploration of district-scale land positions in two of Canada's premier gold camps: the Timmins Gold Camp in Ontario and the Selwyn Basin in Yukon Territory. The company executes diamond drilling, geophysical surveys, and geological modeling programs across multiple projects, with the flagship Munro-Croesus Project hosting the historic Croesus Mine and emerging high-grade Argus North gold discovery.

Product overview

Onyx Gold Corp. is a Canadian gold exploration company operating as a single business unit focused on mineral exploration. The company holds a portfolio of gold exploration projects in two premier Canadian mining jurisdictions: the Timmins Gold Camp in Ontario (Munro-Croesus, Golden Mile, Timmins South) and the Selwyn Basin in Yukon Territory. The flagship Munro-Croesus Project is anchored by the historic high-grade Croesus Mine and features the emerging Argus North discovery with multiple gold zones. The company executes systematic exploration programs with the objective of discovering and growing meaningful gold resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Munro-Croesus Gold Project Flagship gold exploration project located 75 km east of Timmins, Ontario covering approximately 92-112 km². Features the historic Croesus Gold Mine and the emerging Argus North discovery with multiple gold zones including Argus Main, Argus North, and Argus West. Onyx controls over 8 km of strike extent of the Pipestone Fault on this property.
• Golden Mile Property 140 km² gold exploration property located 9 km from Discovery Silver's multi-million-ounce Hoyle Pond Mine in Timmins, Ontario. Early-stage exploration property with discovery potential.
• Timmins South Property 187 km² land package strategically positioned around the Shaw Dome structure in the Timmins area, offering exceptional gold discovery potential.
• Yukon Properties Four properties in the Selwyn Basin area of Yukon Territory, including the King Tut Property located approximately 50 km south of Snowline Gold's Valley discovery. Area rapidly gaining recognition for new gold discoveries.

Quantifiable outcome

• 3.4 g/t Au over 69.6m including 13.9 g/t Au over 9.5m at Argus North discovery
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Option Agreement - Private LandholderscoreStrategic or Co-development Partner · 10 April 2025Option agreement to acquire 100% interest in a 21-hectare strategic inholding contiguous with the Argus North discovery. Three-year option requiring staged cash and share payments totaling C$1,515,000 and 3,300,000 shares, plus C$1,250,000 in exploration expenditures.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Snowline Gold: Canadian gold exploration company with the Valley discovery in the Selwyn Basin, Yukon. Onyx's King Tut property is approximately 50 km south of Snowline's discovery, making them direct peers in the same emerging Yukon gold district.
• HighGold Mining: Former parent of Onyx Gold via the 2023 spin-out; HighGold holds Timmins-area properties and is led by the same executive team. Operates as a peer Canadian gold explorer in the same Timmins Gold Camp jurisdiction.
• ATAC Resources: Yukon-focused gold exploration company. Onyx's VP of Investor Relations, Vanessa Pickering, was previously at ATAC Resources, and both companies explore in the Selwyn Basin region with similar district-scale strategies.
• Moneta Porcupine Mines: Gold exploration company focused on the Timmins Gold Camp in Ontario with a large consolidated land package. Directly comparable to Onyx given shared focus on gold exploration in the same Abitibi greenstone belt.
• Mayfair Gold: Canadian gold exploration and development company with a flagship Ontario project. Comparable in stage and approach to Onyx as a junior gold explorer advancing a single flagship asset toward resource definition.
• Troilus Gold: Canadian gold-copper exploration company advancing the Troilus project in Quebec. Comparable in size, strategy, and stage to Onyx as a junior advancing a large-scale Canadian gold asset toward resource growth.

Regional players

• Discovery Silver: Operates the multi-million-ounce Hoyle Pond Mine located approximately 9 km from Onyx's Golden Mile property in Timmins. A nearby operator validating the broader Timmins gold district that Onyx is exploring.

Broad incumbents

• IAMGOLD Corporation: Intermediate gold producer with significant Timmins-area operations. Provides regional context for Onyx's exploration activities and represents the type of operator that could ultimately acquire or partner with Onyx.
• Agnico Eagle Mines: Major gold producer with extensive operations in the Timmins/Abitibi region. Represents the incumbent operating in the same jurisdiction and the type of acquirer that junior explorers in the area often attract.

Others

• Orezone Gold: West African gold developer where Onyx's VP of Investor Relations previously worked. Connected to Onyx via shared personnel rather than direct operations, but operates in the broader precious metals sector.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/OnyxGoldCorp
• LinkedInlinkedin.com/company/onyx-gold-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors

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

M&A

Investments

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

Frequently asked questions about Onyx Gold