Intrepid

What Intrepid does

Intrepid Metals Corp. (TSXV: INTR; OTCQB: IMTCF) is a pre-revenue junior mineral exploration company focused on the discovery and advancement of high-grade copper, silver, and zinc deposits in southeastern Arizona. The company was originally incorporated in 2021 as Voleo Trading Systems Inc. and completed a change-of-business transaction in April 2022 to pivot into mining; it is now headquartered in Vancouver, British Columbia, with operational offices in Phoenix, Arizona. The portfolio consists of three assets: the flagship Corral Copper Project (an advanced-stage, district-scale copper-gold-silver-zinc exploration property in Cochise County spanning ~10,346 acres with over 50,000m of historical drilling and over 10,000m drilled by Intrepid to date), the Tombstone South Property (a silver-lead-zinc carbonate replacement deposit target with geological analogies to South32's Taylor Deposit), and the Mesa Well Project (a copper porphyry target in the Laramide Copper Porphyry Belt).

Exploration activities are conducted using conventional mineral industry techniques — diamond core drilling, induced polarization (IP) and magnetotelluric (MT) geophysical surveys, airborne ZTEM/VTEM and ground gravity surveys, geochemical grid rock and soil sampling, and geological mapping — with a proprietary integrated targeting methodology focused on identifying porphyry copper-gold systems beneath known carbonate replacement deposit (CRD) mineralization. The company generates no product or service revenue; its go-to-market motion is capital-raising, with proceeds from non-brokered private placements and warrant exercises funding multi-year exploration programs. Investor base is composed of institutional and retail mining-sector investors, anchored by a strategic 14.7% equity stake and technical-collaboration agreement with Teck Resources Limited, a top-tier global diversified miner, which provides two seats on a four-person technical committee, a 30-month right of first refusal on the Corral Copper Project, and participation rights to maintain ownership up to 19.9%.

Name

Intrepid

Legal name

Intrepid Metals Corp

Website

https://intrepidmetals.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

Intrepid Metals Corp is a pre-revenue junior mining company exploring for high-grade copper, silver, and zinc across three district-scale projects in southeastern Arizona, anchored by the flagship Corral Copper Project and backed by a 14.7% strategic stake from Teck Resources.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Exploration & Resource Development (Critical Minerals) (IMAKAFAL), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Copper exploration
• Silver zinc exploration
• Mineral property development
• Porphyry copper targeting
• Carbonate replacement deposits

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Pre-Revenue Exploration Stage: Intrepid Metals is a pre-revenue mineral exploration company. The company generates cash through equity financings (private placements, warrant exercises) rather than product or service sales. The company does not currently generate revenue from operations and has no producing mines.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Intrepid Metals Corp. is a pre-revenue mineral exploration company advancing high-grade copper, silver, and zinc projects in southeastern Arizona. Its portfolio comprises three properties — the flagship advanced-stage Corral Copper Project, the Tombstone South silver-zinc CRD property, and the Mesa Well copper porphyry project — developed through diamond drilling, geophysical surveys, geochemical sampling, and integrated multi-dataset targeting to identify and define mineral resources.

Product overview

Intrepid Metals Corp. is a multi-asset mining exploration company focused on high-grade copper, silver, and zinc projects in southeastern Arizona, USA. The company's portfolio consists of three projects: the flagship Corral Copper Project (advanced-stage copper-gold-silver-zinc exploration with extensive drilling), the Tombstone South Property (silver-lead-zinc CRD targets), and the Mesa Well Project (copper porphyry targets). The company trades on TSXV under INTR and OTCQB under IMTCF.

Differentiator

Problem solved

Functional benefit

Products and services

• Corral Copper Project An advanced-stage, district-scale copper-gold-silver-zinc exploration and development opportunity in Cochise County, Arizona, covering approximately 10,346 acres across multiple zones (Ringo, Earp, Holliday, Clanton), with over 50,000m of historical drilling and significant shallow high-grade intercepts.
• Tombstone South Property A zinc-silver-lead carbonate replacement deposit (CRD) exploration project located 5.6km southwest of Tombstone, Arizona, with geological similarities to South 32's Taylor Deposit purchased for $1.3 billion in 2018.
• Mesa Well Project A copper porphyry exploration project located within the Laramide Copper Porphyry Belt in Arizona, covering approximately 6,500 acres between major copper deposits.

Quantifiable outcome

• 2024 Phase 1 drilling: 112.95m of 1.50% Cu, 0.53 gpt Au, 8.22 gpt Ag (1.66% CuEq) including 63.40m of 2.57% Cu, 0.91 gpt Au, 14.14 gpt Ag (2.83% CuEq)
• +3 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

Five partnerships are on record, tiered core and minor.

• New Empire Exploration LLCcoreStrategic or Co-development Partner · 6 May 2026Option agreement dated April 20, 2021 (amended) to acquire 100% interest in the Tombstone South Property. Intrepid issued 200,000 additional shares and made a $50,000 payment to extend the US$1.5M work commitment deadline from May 2026 to May 2027.
• Capital Analytica (Triomphe Holdings Ltd.)minorGTM or Marketing Partner · 28 April 2026Engaged for marketing and social media services for a six-month term at CAD $150,000, with option to renew for another six months at CAD $75,000.
• Teck Resources LimitedcoreStrategic or Co-development Partner · 21 April 2026Teck provided input into the 2026 Exploration Program design for the Corral Copper Project, with technical collaboration through the four-person technical committee.
• Cave Creek Copper Inc.coreStrategic or Co-development Partner · 5 March 2026Completed acquisition of Cave Creek Copper Inc. through share purchase option agreement, making it a wholly-owned subsidiary. Cave Creek held key patented and unpatented mining claims and surface rights forming part of the Corral Copper Project.
• Resource Geosciences Incorporated (RGI)minorImplementation/ SI/ Consulting Partner · 1 January 2024Project Manager for the Tombstone South Property, providing geological consulting services, administrative services, logistical support, and field program management.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Arizona Mining Inc. Predecessor company that controlled the Hermosa-Taylor lead-zinc-silver CRD project in southern Arizona, ultimately acquired by South32 for US$1.3B. Most directly comparable to Intrepid's Tombstone South CRD target, which is described by Intrepid as geologically analogous to Taylor.
• Oroco Resource Corp: Copper-focused junior explorer led by Intrepid director Richard Lock. Comparable in stage, copper focus, and dependence on equity financings to advance exploration assets through drilling.
• Gunnison Copper Corp (formerly Excelsior Mining): Arizona-based copper developer that operated the Gunnison copper project in the Laramide Copper Belt. Comparable as a copper-focused company operating in the same Arizona jurisdiction with overlapping technical networks.
• Alta Copper Corp (formerly Candente Copper): Copper-focused junior explorer with assets in Peru. Evelyn Cox, Intrepid's VP Corporate Development, previously contributed to Candente Copper, and the company shares Intrepid's copper-focused, drill-stage exploration profile.
• Tinka Resources Limited: Junior explorer advancing the Ayawilca zinc-silver project in Peru. Ken Engquist (a former Intrepid CEO) was previously involved at Tinka, and the Ayawilca CRD-style deposit is geologically comparable to Intrepid's Tombstone South CRD target.
• Western Copper and Gold Corporation: Copper-gold developer with the Casino project in Yukon. Ken Engquist served as COO, making this a closely comparable copper-gold focused junior with similar exploration-to-development trajectory considerations.
• First Mining Gold Corp: Gold-focused exploration and development company where both Ken Engquist and Chris Osterman (Intrepid advisors) previously served. Comparable as a junior explorer-developer with multi-asset portfolio requiring staged equity financings.

Broad incumbents

• Hudbay Minerals Inc. Established mid-tier copper producer with operations including copper-zinc assets in Arizona. Provides a relevant benchmark for what an in-jurisdiction copper-zinc operator looks like and a potential long-term acquirer profile.
• South32 Limited: Diversified major miner that acquired Arizona Mining for US$1.3B in 2018 — directly validating the CRD thesis Intrepid is pursuing at Tombstone South. Relevant as both comparable acquirer and as proof of strategic value for Arizona CRD assets.
• Teck Resources Limited: Major diversified miner and copper producer that owns 14.7% of Intrepid with board and committee representation. Functions as both a strategic investor and the most directly comparable large-cap incumbent validating the asset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/IntrepidMetals
• YouTubeyoutube.com/@intrepidmetals7407
• LinkedInlinkedin.com/company/intrepidmetals

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries1 record

Funding overview

Funding rounds7 records

Investors1 record

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 Intrepid