Roxmore Resources

What Roxmore Resources does

Roxmore Resources Inc. is a publicly traded (TSX: RM; OTC: GARLF; Frankfurt: 1WJ0) Canadian-domiciled gold exploration and development company headquartered in Vancouver, British Columbia. The company was formed through the November 2025 rebranding and share consolidation of Axcap Ventures Inc. following its acquisition of Taura Gold Inc. Roxmore's flagship asset is the Converse Gold Project in Nevada's Battle Mountain trend, which hosts a 5.57Moz Au Measured & Indicated plus 0.42Moz Inferred resource and is described as one of the largest undeveloped gold projects in the United States not controlled by a major mining company. Secondary assets include the Newton Gold Project in British Columbia and the Rattlesnake Hills Gold Project. The company is pre-revenue and at the Preliminary Economic Assessment stage, with a 30,000-meter drilling program underway to support a Pre-feasibility Study targeted for H2 2027.

The proposed development uses conventional open-pit mining and heap leach processing at approximately 22.5 Mtpa (61,600 t/d), incorporating three-stage crushing with HPGR, drum agglomeration with cement, multi-lift heap leach pads, and an ADR plant producing gold doré. PEA economics project average production of 246,000 ounces of gold per annum over a 14-year mine life, with all-in sustaining costs of US$1,769/oz, a post-tax NPV5% of US$2.7 billion at consensus gold prices of US$3,600/oz, and a 43% IRR. Pre-production capital is estimated at US$829 million. The company funds operations entirely through equity financings — having completed a C$12.5 million placement in September 2025, a US$9.2 million placement in October 2025, and a C$32.64 million placement in February 2026 led by Australian institutional investor L1 Capital.

Roxmore's commercial model is eventual gold doré production sold to precious metals refineries and commodity traders at prevailing market prices. The company serves the gold mining and broader precious metals investment demand ecosystem, with leadership possessing significant prior track records — including the prior CEO of Roxgold (acquired by Fortuna for US$1.2 billion), the former Chairman of Roxgold, the former COO of Roxgold, and alumni of Fronteer Gold (sold to Newmont for US$2.3 billion). Capital is being deployed toward resource expansion drilling, metallurgical optimization (including potential pulp agglomeration to improve sulfide recoveries from 70.9% to 91-96%), environmental baseline studies, and advancing the Converse Gold Project toward feasibility and a future construction decision.

Name

Roxmore Resources

Legal name

Roxmore Resources Inc.

Website

https://roxmoreresources.com/

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Roxmore Resources is a Vancouver-based, TSX-listed gold exploration and development company advancing its flagship Converse Gold Project in Nevada's Battle Mountain trend, a 5.57Moz M+I resource asset targeting future doré production via conventional heap leach processing.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

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

SIC

Gold And Silver Ores (1040), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Gold exploration
• Gold mining development
• Heap leach mining
• Mineral resource development
• Precious metals production

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, Infrastructure, Marketing or Sales, Others

Revenue model

1. Gold Production and Sales: Roxmore Resources is a pre-revenue gold development company. Upon commencement of production at the Converse Gold Project, the company expects to generate revenue from the sale of gold doré produced through heap leach processing. The PEA projects average production of 246,000 ounces of gold per annum over a 14-year mine life at AISC of US$1,769/oz.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Roxmore Resources is a pre-revenue gold exploration and development company advancing its flagship Converse Gold Project on Nevada's Battle Mountain trend toward open-pit heap leach production. The company holds the Converse Gold Project (Nevada) and Newton Gold Project (British Columbia) as its core assets, with plans to produce and sell gold doré to precious metals refineries and commodity traders. The PEA projects average annual production of 246,000 ounces of gold over a 14-year mine life at AISC of US$1,769/oz.

Product overview

Roxmore Resources is a mining company focused on developing gold projects. The company operates two main assets: the Converse Gold Project (flagship) in Nevada, USA, which represents one of the largest undeveloped gold projects in the United States not controlled by a major mining company, and the Newton Gold Project in British Columbia, Canada. The company is led by a team with experience from Fronteer Gold and Roxgold, and is working toward advancing the Converse Gold Project through exploration, resource development, and feasibility studies toward production.

Differentiator

Problem solved

Functional benefit

Products and services

• Converse Gold Project The flagship asset of Roxmore Resources, a large-scale undeveloped gold project located on Nevada's Battle Mountain trend hosting one of the largest undeveloped gold resources in the United States not owned by a major mining company. PEA projects 246,000 oz/year production over a 14-year mine life via open-pit heap leach mining.
• Newton Gold Project A gold project located in British Columbia, Canada, acquired by Roxmore Resources as part of its portfolio of gold assets.

Quantifiable outcome

• 2.7B NPV with 43% IRR at US$3,600/oz gold
• +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

Feature1 record

Partnerships

Five partnerships are on record, tiered supporting.

• Sunstone Environmental SolutionssupportingImplementation/ SI/ Consulting Partner · 13 April 2026Engaged for permitting work at the Converse Gold Project as part of the environmental baseline and regulatory approval process.
• Couloir CapitalsupportingStrategic or Co-development Partner · 9 March 2026Updated research coverage on Roxmore Resources as a TSXV-listed mining company focused on the Converse Gold Project.
• Euroz Hartleys LimitedsupportingChannel Partner/ Reseller/ Distributor · 2 March 2026Australian broker engaged for the C$32.64 million private placement to facilitate investor participation.
• Kappes Cassidy & Associates (KCA)supportingImplementation/ SI/ Consulting PartnerLeading Nevada-based metallurgical processing consulting group undertaking detailed review of metallurgical testwork for the Converse Gold Project PEA.
• SLR Consulting (Canada) LtdsupportingImplementation/ SI/ Consulting PartnerPrepared the 2026 Mineral Resource Estimate and supported PEA preparation for the Converse Gold Project.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• i-80 Gold Corp: i-80 Gold is a Nevada-focused gold developer and producer advancing multiple projects on the Battle Mountain and Carlin trends. It is a direct peer to Roxmore with overlapping geology, jurisdiction, and stage profile (pre-feasibility to early production) targeting oxide and refractory gold ounces in Nevada.
• Orla Mining: Orla Mining is a gold producer-developer with Nevada operations (South Railroad, Dark Star) and other North American assets. Comparable to Roxmore as a junior that has successfully advanced a Nevada oxide/heap leach gold project from PEA through to construction and production.
• Liberty Gold Corp: Liberty Gold is a Nevada-focused gold developer advancing the Black Pine oxide gold project through PEA and PFS stages. It is a direct peer given similar Tier-1 jurisdiction focus, oxide heap leach processing, and pre-construction development stage.
• Victoria Gold Corp: Victoria Gold operated the Eagle Gold mine in Yukon and provides a relevant comparable as a junior that progressed an open-pit heap leach gold project from PEA through construction into production. Useful benchmark for construction execution and ramp-up risk.

Broad incumbents

• Argonaut Gold: Argonaut Gold operates producing gold mines in Nevada (including Magino and Florida Canyon) with an established heap leach processing platform. It is a broad incumbent peer given its operating oxide gold heap leach mines in Nevada, providing benchmark economics for Roxmore's planned operations.
• SSR Mining: SSR Mining operates the Marigold mine on the Battle Mountain trend immediately adjacent to Roxmore's Converse project. As an established Nevada producer with infrastructure overlapping Converse's footprint, SSR is both a logical neighbor and a relevant comparable for processing and cost benchmarking.
• Calibre Mining Corp: Calibre Mining is a mid-tier gold producer with Nevada and Nicaragua operations. It is a broad incumbent comparable given its experience developing and operating open-pit heap leach gold mines and its track record of growth through M&A, similar to Roxmore's acquisition-led strategy.
• Centerra Gold: Centerra Gold is a mid-tier gold producer with significant Nevada exposure (including legacy Goldfield and partnerships on the Carlin trend). It is a broad incumbent peer given its Nevada operating history and is also linked to Roxmore via EVP Vance Spalding's prior tenure.

Emerging players

• Contact Gold Corp: Contact Gold is a junior Nevada-focused gold explorer-developer. It is an emerging player peer with overlapping exploration stage and Nevada footprint, and shares management overlap with Roxmore (CEO John Dorward is a non-executive director of Contact Gold).
• Fury Gold Mines: Fury Gold Mines is a Canadian-listed junior advancing gold exploration and development projects in Canada and the U.S. Comparable to Roxmore as an early-stage multi-asset gold developer pursuing resource growth and PEA-stage economics on North American projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds5 records

Investors1 record

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

M&A1 record

Investments1 record

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

Frequently asked questions about Roxmore Resources