Churchill Resources

What Churchill Resources does

Churchill Resources Inc. is a Canadian junior mineral exploration company listed on the TSX Venture Exchange under the ticker CRI:CA, focused on the acquisition and advancement of high-grade critical and battery metal projects in Newfoundland and Labrador. The company's portfolio comprises four exploration-stage assets: the Taylor Brook nickel-copper-cobalt project (a 10km layered magmatic intrusive complex), the Florence Lake nickel-copper-cobalt-PGE project in Labrador (komatiitic system analogous to the Raglan and Kambalda camps), the Black Raven antimony-gold-silver project (hosting two past-producing mines), and the Golden Baie gold-antimony project under option from Canstar Resources. The company employs conventional modern exploration techniques including VTEM airborne surveys, CSAMT, Mobile MT, LiDAR/orthophoto mapping, soil geochemistry, trenching, channel sampling, and diamond drilling to advance targets toward resource definition.

Churchill is a pre-revenue explorer that funds its activities exclusively through equity private placements of flow-through shares and units, having raised cumulatively more than C$17 million across approximately eleven financings since its 2021 TSXV listing. The company has no commercial products, no recurring revenue, and no producing mines; its "customers" are public market investors and capital markets subscribers. Notable high-grade intercepts include 2.79% Ni over 4.44m at Taylor Brook, antimony grades up to 35.1% Sb at Black Raven, and historic Canstar intercepts of 9.6 g/t Au over 7.75m and 20.6 g/t Au over 3.5m at Golden Baie.

The company is led by Chairman Bill Fisher (former VP Exploration at Boliden, chairman of Aurelian Resources when it was sold to Kinross for $1.2B), President Paul Sobie (30+ years at MPH Consulting), and CEO Tasheel Jeerh (appointed May 2026, with $2B+ M&A and $1B+ financing experience). The leadership team is claimed to bring more than 100 years of combined exploration experience. Distribution and investor outreach occur through TSXV secondary trading, SEDAR regulatory filings, press releases via newswires, investor conferences (Red Cloud, PDAC, VRIC), and a corporate website maintained with assistance from Red Cloud Media.

Name

Churchill Resources

Legal name

Churchill Resources Inc.

Website

https://churchillresources.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Churchill Resources is a TSXV-listed (CRI:CA) pre-revenue junior mineral exploration company focused on acquiring and advancing high-grade critical and battery metal projects — nickel, copper, cobalt, antimony, and gold — in Newfoundland and Labrador, Canada.

Ownership category

akta.pro rank

Product category

Mineral Exploration

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Gold Mining (IMAKAEAA)

Keywords

• Critical minerals exploration
• Mineral exploration services
• Nickel copper exploration
• Antimony gold mining
• Junior mining exploration

Headquarters

HQ city

Toronto

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, Others

Revenue model

1. Equity Financing: Churchill Resources is a pre-revenue exploration stage company. It raises capital through private placements of flow-through shares and units to fund exploration activities. The company has completed multiple financings including C$4M (2022), C$3M (2025), C$2.5M (2024), C$1M (2023), and various other placements. No commercial revenue is currently generated from operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Churchill Resources is a Canadian mineral exploration company that acquires and advances high-grade critical and battery metal projects in Newfoundland & Labrador. The company conducts systematic exploration programs including diamond drilling, trenching, channel sampling, VTEM/CSAMT airborne and ground geophysical surveys, soil geochemistry, and LiDAR mapping on its portfolio of nickel-copper-cobalt and antimony-gold-silver properties. It currently advances four primary projects: Black Raven (antimony-gold-silver), Taylor Brook (nickel-copper-cobalt-PGE), Florence Lake (nickel-copper-cobalt-PGE), and Golden Baie (gold-antimony, under option).

Product overview

Churchill Resources Inc. is a Canadian mineral exploration company (TSXV: CRI) focused on strategic and critical metals exploration in Newfoundland & Labrador. The company's portfolio comprises four exploration projects: Black Raven (antimony-gold-silver), Taylor Brook (nickel-copper-cobalt), Florence Lake (nickel-copper-cobalt-PGE), and Golden Baie (gold-antimony, under option). The company conducts systematic exploration programs including drilling, trenching, and channel sampling to define mineral resources and assess potential for underground mining operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Black Raven Project Polymetallic exploration project in central Newfoundland hosting the past-producing Frost Cove Antimony Mine and Stewart Gold-Antimony Mine, featuring high-grade antimony, gold, and silver mineralization with potential as a small-footprint, high-grade underground mine.
• Taylor Brook Nickel Project High-grade magmatic nickel, copper, cobalt +/- PGE project located 60km north of Deer Lake, Newfoundland, comprising a Silurian-aged layered intrusive complex with an approximately 300m x 600m wide mineralized gabbronorite area.
• Florence Lake Project Nickel, copper, cobalt & PGE mineralization project in eastern-central Labrador associated with ultramafic volcanic rocks, analogous to Northern Quebec's Raglan Nickel Mine and Kambalda mines, with high-grade nickel intercepts up to 10.6% over 0.9m.
• Golden Baie Project Gold-antimony project in central Newfoundland under option from Canstar Resources, comprising 29 map-staked licenses covering 39,925 hectares with multiple high-grade antimony-gold occurrences along a 30km trend, benefiting from approximately $9M of prior exploration by Canstar including 15,137m of drilling, LIDAR coverage, and airborne geophysical surveys.

Quantifiable outcome

• High-grade nickel intercept: 2.79% Ni over 4.44m including 0.54% Cu and 0.05% Co at Taylor Brook
• +4 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

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Canstar Resources Inc.coreStrategic or Co-development Partner · 17 February 2026Churchill entered into a binding letter of intent and later definitive option agreement to acquire 100% interest in the Golden Baie antimony-gold property from Canstar. Terms include issuing 15,834,097 CRI shares (~5% ownership), cash payment of ~$208,167, and incurring $5M in exploration expenditures over 24 months. Canstar retains a 0.5% NSR royalty. The transaction consolidates two premier gold-antimony assets in Central Newfoundland.
• Eddie and Roland QuinlancoreStrategic or Co-development Partner · 15 April 2022Black Raven property optioned from local prospectors Eddie and Roland Quinlan under a two-year agreement calling for $1.2M in expenditures, $120K and 12M CRI shares in staged payments to earn 100%. Vendors retain a 2% royalty, of which 1% may be bought back for USD $1M.
• Altius MineralscoreStrategic or Co-development Partner · 21 June 2021Churchill entered into option agreements with Altius to acquire 100% interest in the Taylor Brook and Florence Lake nickel properties. The company has since exercised options to acquire 100% interests in these projects. Altius retains royalty interests on certain properties.
• MPH Consulting LimitedminorStrategic or Co-development PartnerPaul Sobie, President of Churchill, has over 30 years of discovery and evaluation experience with MPH Consulting Limited, an international exploration and mining consultancy he owns. This represents an internal capability relationship.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Canstar Resources Inc. Canstar Resources (TSXV: ROX) is Churchill's option partner on the Golden Baie antimony-gold project in central Newfoundland. Both companies explore the same Newfoundland antimony-gold belt with similar commodity exposures (Au, Sb), making Canstar the most directly comparable peer in scale and geography.
• Sokoman Minerals Corp. Sokoman Minerals (TSXV: SIC) is a junior explorer focused on the Moosehead and Crippleback gold projects in Newfoundland. Both companies are TSXV-listed Newfoundland-focused gold/critical-mineral explorers of comparable market capitalization and stage.
• Labrador Gold Corp. Labrador Gold (TSXV: LAB) explores the Kingsway gold project along the same Central Newfoundland Gold Belt where Churchill holds Black Raven and Golden Baie. Direct geological and jurisdictional overlap with similar project scale and TSXV listing.
• New Found Gold Corp. New Found Gold (TSXV: NFG, NYSE-A: NFGC) is a leading Newfoundland gold explorer with the Queensway project along the same structural corridor. Although larger and more advanced, it operates in the same jurisdiction and commodity space as Churchill's gold-antimony assets.
• Maritime Resources Corp. Maritime Resources (TSXV: MAE) operates the Hammerdown gold project and other Newfoundland exploration assets, including past producers. Comparable stage and jurisdiction with Churchill's Black Raven past-producer antimony-gold play.
• Benton Resources Inc. Benton Resources (TSXV: BEX) is a diversified critical minerals and gold junior with assets across Ontario and Newfoundland. Comparable market cap and stage, with similar critical-minerals (Ni, Cu, Co, Au) focus.
• FPX Nickel Corp. FPX Nickel (TSXV: FPX) is a TSXV-listed nickel-focused critical minerals developer at the Decar project in BC. Comparable as a TSXV-listed junior focused on nickel supply for the EV/battery market, analogous to Churchill's Taylor Brook and Florence Lake nickel-cobalt plays.
• Transition Metals Corp. Transition Metals (TSXV: XTM) is a Canadian junior explorer focused on nickel-copper-PGE and other critical minerals across multiple provinces. Comparable market cap, stage, and critical-mineral commodities exposure.
• Trillium Gold Mines Inc. Trillium Gold Mines (TSXV: TGM) is a junior gold explorer with assets in the Red Lake and Confederation Lake camps in Ontario. Comparable as a TSXV-listed junior gold exploration company at a similar market capitalization stage.

Broad incumbents

• Altius Minerals Corporation: Altius Minerals (TSX: ALS) is a larger TSX-listed mineral royalty and project generator that originally optioned the Taylor Brook and Florence Lake properties to Churchill. Comparable as a Newfoundland-focused critical-minerals counterparty with broader portfolio scope.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights6 records

Customer concentration

• Xx.com/ChurchillRSRC
• Facebookfacebook.com/Churchill-Resources-103718528503839
• LinkedInlinkedin.com/company/churchill-resources

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds8 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 Churchill Resources