Greenheart Gold
Greenheart Gold is a publicly traded, pre-revenue gold exploration company focused on early-stage orogenic gold projects in the Guiana Shield of Guyana and Suriname, led by the former Reunion Gold team that discovered the Oko West deposit. The company funds exploration through equity financings, with strategic shareholders La Mancha (19.9%) and G Mining Ventures (10.5%).
- Company typePublic
- Founded2024
- HeadquartersQuebec, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Greenheart Gold does
Greenheart Gold Inc. is a Canadian, publicly traded (TSXV: GHRT; OTCQX: GHRTF) early-stage gold exploration company focused exclusively on the Guiana Shield region of South America, with active projects in Guyana and Suriname. The company was created on July 15, 2024 as a spin-off from the business combination of G Mining Ventures Corp. and Reunion Gold Corporation, and is led by the former executive team and exploration group of Reunion Gold — the team credited with discovering and delineating the multi-million-ounce Oko West deposit in Guyana (4.3 Moz indicated + 1.6 Moz inferred) and with prior discoveries at Rosebel in Suriname and Omai in Guyana. The portfolio comprises four early-stage exploration projects targeting orogenic gold systems in greenstone belts: Majorodam (251.5 km², Suriname), Igab (95 km², Suriname), Tosso Creek (96 km², Suriname), and Gold Hill (~40 km², Guyana), with a stated strategic objective of maintaining 5–6 projects roughly evenly split between the two countries.
The company's business model is asset-optionality driven rather than revenue-driven. As a pre-revenue explorer, Greenheart Gold generates no gold sales or production revenue; all activities are funded through equity financings, including a C$36 million bought deal private placement in October 2024 and a C$59.85 million non-brokered private placement in April 2026, which brought La Mancha Investments to a 19.9% strategic stake and maintained G Mining Ventures at 10.5%. Exploration methodology combines conventional techniques — soil sampling, trenching, reverse circulation drilling, diamond drilling, structural mapping, LiDAR, and drone magnetics — with proprietary Guiana Shield geological knowledge held by the technical team. The go-to-market is institutional-investor-focused, executed through TSX Venture Exchange and OTCQX listings, SEDAR+ regulatory filings, analyst coverage (SCP Equity Research, Cormark Securities), and active participation in precious-metals investment conferences.
The company's primary "customers" are institutional and strategic equity investors seeking exposure to early-stage gold exploration in a proven but under-explored geological terrane adjacent to operating mines (Zijin's Saramacca, Newmont's Merian, Aris Mining's Toroparu). Value capture is intended to occur at asset events — option exercises, joint ventures, asset sales, or progression toward production — rather than through recurring revenue. Capital structure (214.2 million shares outstanding post-April 2026), supportive strategic shareholders, and disciplined project screening (including the November 2025 termination of the Tamakay and Abuya options) support a multi-year exploration runway targeting drill-stage or resource-stage outcomes.
Greenheart Gold firmographics
Firmographics- Name
- Greenheart Gold
- Legal name
- Greenheart Gold Inc.
- Website
- https://greenheartgold.com
- Company type
- Public
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Greenheart Gold is a publicly traded, pre-revenue gold exploration company focused on early-stage orogenic gold projects in the Guiana Shield of Guyana and Suriname, led by the former Reunion Gold team that discovered the Oko West deposit. The company funds exploration through equity financings, with strategic shareholders La Mancha (19.9%) and G Mining Ventures (10.5%).
- Ownership category
- akta.pro rank
Greenheart Gold industry classification
Industry- Product category
- Gold Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)
Keywords
Where Greenheart Gold is headquartered
LocationHeadquarters
- HQ city
- Quebec
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Greenheart Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Others
Revenue model
- Exploration Stage - No Revenue: Greenheart Gold is a pre-revenue exploration-stage company. It has no operating mines or producing assets. The company generates no revenue from gold sales or mineral production. All activities are funded through equity financings and private placements. The company's business model is to advance projects through exploration to resource definition, at which point assets may be sold, optioned, or advanced to production through partnerships or additional financings.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Greenheart Gold product offering
Product offeringCore offering
Greenheart Gold acquires, explores, and advances early-stage gold exploration projects in the Guiana Shield of Guyana and Suriname. The company targets orogenic gold deposits through a systematic exploration pipeline from soil sampling and trenching through reverse circulation and diamond drilling, with the goal of defining mineral resources that can be advanced, optioned, or sold.
Product overview
Greenheart Gold is an exploration-stage gold exploration company that builds on a proven legacy of discoveries within the Guiana Shield. The company maintains a portfolio of early-stage exploration projects in Guyana and Suriname that are prospective for orogenic gold deposits. The primary projects include Majorodam (a 251.5 km² project in Suriname with Heuvel West and Heuvel East targets), Igab (a 95 km² project 30 km south of Newmont's Merian mine), Tosso Creek (a 96 km² project in southern Suriname), and Gold Hill (a 40 km² project in northwestern Guyana). The company was spun out from G Mining Ventures Corp. and Reunion Gold Corporation in July 2024 and is led by former executives of Reunion Gold who were responsible for the discovery of the Oko West deposit.
Differentiator
Problem solved
Functional benefit
Products and services
- Majorodam Project A 251.5-square-kilometer gold exploration project in Suriname, approximately 5 km south of Zijin Mining's Saramacca deposit, with identified gold mineralized trends at Heuvel West and Heuvel East targets; an early-stage orogenic gold exploration project for institutional investors and shareholders.
- Igab Project A 95-square-kilometer gold exploration project in northeast Suriname, approximately 30 km south of Newmont's Merian mine, with five identified target areas including Lemon Tree, Samansu, Mokro, Koela, and Cannibal Creek; an early-stage orogenic gold exploration project under a four-year option agreement with IGAB N.V.
- Tosso Creek Project A 96-square-kilometer gold exploration project in southern Suriname, approximately 180 km south of Paramaribo, situated at the southern end of the mineralized Parakama Formation; an early-stage orogenic gold exploration project in the Guiana Shield.
- Gold Hill Project An approximately 40-square-kilometer gold exploration project in northwestern Guyana, approximately 13.5 km east of Aris Mining Corporation's Toroparu project, with identified shear zones and artisanal mining activity; an early-stage orogenic gold exploration project in the Guiana Shield.
Companies that use Greenheart Gold
Customer profileSegments1 record
Ideal customer profiles1 record
Greenheart Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Greenheart Gold partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- IGAB N.V.coreGreenheart Gold signed a definitive four-year option agreement with IGAB N.V. (titleholder of the Igab project's mineral rights) to acquire a 100% interest in the Igab gold exploration project in Suriname. Terms include total option payments of US$3,400,000 (US$400,000 by 1st anniversary, US$1,000,000 by 2nd anniversary, US$2,000,000 by 3rd anniversary) plus contingent considerations based on future gold reserves and production. The agreement can be terminated by Greenheart Gold with 30 days' notice without further financial obligations.
Scale indicators9 records
Recent moves9 records
Expansion highlights5 records
Greenheart Gold competitors and assessment
Company assessmentBroad incumbents
- Zijin Mining Group Co., Ltd. Major Chinese miner operating the Saramacca and Rosebel gold mines in Suriname, adjacent to Greenheart's Majorodam project. Comparable as a major incumbent in the same Guiana Shield region.
- Aris Mining Corporation: Mid-tier gold producer operating the Toroparu project in Guyana, adjacent to Greenheart's Gold Hill project. Comparable as an operator in the same Guiana Shield region with overlapping geographic focus.
- Barrick Gold Corporation: Major global gold producer with operations across multiple continents. Comparable as a broad incumbent in the gold mining space with deep technical and financial resources, though not specifically focused on the Guiana Shield.
- IAMGOLD Corporation: Mid-tier gold producer with historical ties to the Guiana Shield through the Rosebel mine (now Zijin). Comparable as a gold producer with regional expertise; Greenheart CFO Alain Krushnisky previously held senior roles at IAMGOLD.
- Newmont Corporation: World's largest gold miner operating the Merian mine in Suriname, approximately 30 km north of Greenheart's Igab project. Comparable as a major incumbent in the Guiana Shield region.
Direct peers
- G2 Goldfields Inc. Junior gold exploration company focused on the Oko West/Guyana region of the Guiana Shield. Directly comparable as a peer-stage junior with exploration projects in the same geological belt.
- G Mining Ventures Corp. Owns the Oko West gold deposit in Guyana (4.3 Moz indicated + 1.6 Moz inferred) and was Greenheart Gold's parent via the Reunion Gold business combination. Most directly comparable peer given shared management legacy and Guiana Shield focus.
- Founders Metals Inc. Gold exploration company with projects in Suriname's Guiana Shield. Comparable as a junior explorer applying modern exploration techniques in the same region as Greenheart's Igab, Majorodam, and Tosso Creek projects.
- Omai Gold Mines Corp. Junior gold exploration company advancing the past-producing Omai gold mine in Guyana. Comparable as a Guiana Shield-focused gold explorer with projects in similar geological terrane.
Emerging players
- Cabral Gold Inc. Junior gold exploration company with projects in Brazil's Tapajós region, geologically analogous to the Guiana Shield greenstone belts. Comparable as a South American junior explorer with similar orogenic gold deposit targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Greenheart Gold social profiles
Digital presenceGreenheart Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greenheart Gold leadership team
Management profileNumber of profiles
Profiles12 records
Greenheart Gold funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greenheart Gold M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greenheart Gold
What does Greenheart Gold do?
Greenheart Gold acquires, explores, and advances early-stage gold exploration projects in the Guiana Shield of Guyana and Suriname. The company targets orogenic gold deposits through a systematic exploration pipeline from soil sampling and trenching through reverse circulation and diamond drilling, with the goal of defining mineral resources that can be advanced, optioned, or sold.
Is Greenheart Gold a public or private company?
Greenheart Gold is a public company. It is classified as public and is currently operating.
When was Greenheart Gold founded?
Greenheart Gold was founded in 2024. It employs 11 to 50 people.
Where is Greenheart Gold based?
Greenheart Gold is headquartered in Quebec, Canada, in the North America region.
How does Greenheart Gold make money?
One revenue line is on record: exploration Stage - No Revenue.
Who are Greenheart Gold's main competitors?
Broad incumbents on record are Zijin Mining Group Co., Ltd., Aris Mining Corporation, Barrick Gold Corporation, IAMGOLD Corporation and Newmont Corporation. Direct peers are G2 Goldfields Inc., G Mining Ventures Corp., Founders Metals Inc. and Omai Gold Mines Corp.. Cabral Gold Inc. is listed as an emerging player.
Does Greenheart Gold have an API?
No public API is recorded for Greenheart Gold.
What industry is Greenheart Gold in?
Greenheart Gold's product category is Gold Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAKAB, Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger). Its NAICS code is 212220 and its SIC code is 1040.