Pacific Ridge Exploration

What Pacific Ridge Exploration does

Pacific Ridge Exploration Ltd. (TSX-V: PEX) is a Canadian mineral exploration company headquartered in Vancouver, British Columbia, focused on becoming one of BC's leading copper-gold exploration companies. The company's core assets are a portfolio of 100%-owned copper-gold porphyry projects in British Columbia's Quesnel Trough, anchored by the flagship Kliyul project (2.42 billion pounds of copper equivalent or 5.7 million ounces gold equivalent Inferred Mineral Resource at the Main Zone) and the RDP project, which returned 112.2 metres of 1.35% CuEq at the Day target—one of BC's best porphyry drill intervals in 2025. Additional BC projects include Chuchi, Redton, and Onjo. The company previously held gold projects in the Yukon's White Gold District (Mariposa and Eureka Dome), which were optioned to Labrador Gold Corp. in May 2026 to enable focus on BC copper-gold assets. Pacific Ridge's core technology stack comprises diamond drilling, ZTEM airborne and induced polarization (IP) geophysical surveys, geological modeling, and NI 43-101-compliant resource estimation for porphyry copper-gold systems.

The company is pre-revenue and does not generate operating revenue from mineral production. Instead, it raises exploration capital through a recurring cadence of flow-through and hard-dollar private placements, with approximately C$23.2M raised across rounds between 2024 and mid-2026, and monetizes asset value through option agreements, farm-out arrangements, and milestone payments with major mining companies (historically including Antofagasta on RDP and more recently Labrador Gold on Yukon assets). Customer/base segments are limited to (i) major mining companies seeking advanced copper-gold exploration projects and (ii) institutional and retail investors participating in private placements and listed shares. The company is led by President and CEO Blaine Monaghan, Executive Chairman and Qualified Person Dr. Gerald G. Carlson, VP Exploration and Qualified Person Wayne J. Roberts, and CFO Harry Nijjar, supported by independent directors and an Audit Committee chaired by chartered accountant C. Douglas Proctor.

Name

Pacific Ridge Exploration

Legal name

Pacific Ridge Exploration Ltd.

Website

https://pacificridgeexploration.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Pacific Ridge Exploration is a Vancouver-based, TSX-V-listed mineral exploration company advancing copper-gold porphyry projects in British Columbia's Quesnel Trough, anchored by the Kliyul and RDP projects, and monetizing assets through option agreements with major mining companies and institutional private placements.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Support Activities for Metal Mining (213114), Support Activities for Mining (213), Geophysical Surveying and Mapping Services (541360)

SIC

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

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industries

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Mineral exploration
• Copper-gold porphyry
• Drilling programs
• Exploration projects
• Resource estimation

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, Infrastructure, Marketing or Sales

Revenue model

1. Exploration Stage - No Current Revenue: Pre-revenue mineral exploration company. Generates value through exploration success, joint venture agreements, option payments, and farm-out arrangements with major mining companies. Future revenue potential through production royalties, milestone payments, or sale of projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Pacific Ridge Exploration is a Canadian mineral exploration company that acquires, explores, and advances copper-gold porphyry projects, primarily in British Columbia's Quesnel Trough. The company funds diamond drilling programs, geophysical surveys, and geological work to define and expand mineral resources, then partners with major mining companies through option and farm-out agreements to advance projects toward development.

Product overview

Pacific Ridge Exploration is a mineral exploration company (TSX-V: PEX) focused on becoming BC's leading copper-gold exploration company. The company's project portfolio consists of 100%-owned copper-gold porphyry projects in British Columbia (Kliyul, RDP, Redton, Onjo) and optioned gold projects in the Yukon (Mariposa, Eureka Dome, optioned to Labrador Gold). The flagship Kliyul project hosts a significant inferred mineral resource of 2.42 billion pounds copper equivalent, while RDP has delivered high-grade drill results including 1.35% CuEq over 112.2 meters. The company has divested or optioned its non-core assets including uranium projects in Nunavut and historic projects in Yukon to focus on BC copper-gold porphyry targets.

Differentiator

Problem solved

Functional benefit

Products and services

• Kliyul Copper-Gold Project Advanced-stage copper-gold porphyry project located approximately 50 km southeast of Centerra Gold's Kemess project in British Columbia, hosting 2.42 billion pounds copper equivalent (5.7 million ounces gold equivalent) in Inferred Mineral Resource category. The project is the company's flagship asset, advanced through systematic diamond drilling and geophysical surveys.
• RDP Copper-Gold Project 100%-owned copper-gold porphyry project in central British Columbia with notable drill results including 112.2 m of 1.35% CuEq at the Day target (one of BC's best porphyry intervals in 2025). The project is being advanced through follow-up drilling programs.
• Chuchi Copper-Gold Project Copper-gold porphyry project in British Columbia. The company terminated its option to acquire up to 75% interest from Aurico Metals to focus on Kliyul and RDP, but the project remains part of the portfolio with drill core displayed at PDAC Core Shack.
• Redton Copper-Gold Project Copper-gold porphyry project in British Columbia where an induced polarization (IP) survey has confirmed a porphyry exploration target, supporting ongoing prospect-level evaluation.
• Onjo Copper-Gold Project Copper-gold porphyry project in British Columbia where ZTEM airborne geophysical surveys and follow-up geophysics programs have identified new porphyry targets for drill testing.
• Mariposa Gold Project Gold project in the White Gold District, Yukon (16,000 hectares), optioned to Labrador Gold Corp. Historic drill intercepts include 2.44 g/t gold over 38.9 meters. Labrador Gold announced 2026 exploration plans for the project.
• Eureka Dome Gold Project Gold project in the White Gold District, Yukon, optioned to Labrador Gold Corp. as part of the May 2026 transaction allowing Pacific Ridge to focus on its BC copper-gold portfolio.

Quantifiable outcome

• 2.42 billion pounds copper equivalent (5.7 million ounces gold equivalent) Inferred Resource at Kliyul Main Zone
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

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 core and minor.

• Labrador Gold Corp.coreChannel Partner/ Reseller/ Distributor · 8 May 2026Labrador Gold exercised option to acquire 100% interest in Mariposa and Eureka Dome gold projects in the Yukon's White Gold District. Pacific Ridge receives $500,000 cash, 6,670,000 shares, and $5.4 million in exploration spending over four years, plus $1 million upon positive feasibility study. Allows Pacific Ridge to focus on BC copper projects while Yukon assets advanced by funded partner.
• Takla NationcoreStrategic or Co-development Partner · 1 December 2025Exploration Agreements with Takla Nation for Kliyul and RDP copper-gold projects in British Columbia. Agreements aim to foster cooperation and clarify communication between the parties during project development.
• Antofagasta MineralsminorChannel Partner/ Reseller/ Distributor · 1 January 2019Previously optioned RDP copper-gold project to Antofagasta for exploration.
• Kaminak Gold CorporationminorStrategic or Co-development Partner · 1 January 2006Joint venture partner on Baker Lake Uranium Project in Nunavut. Pacific Ridge earned up to 60% interest through exploration expenditures. Later amended to allow Pacific Ridge to earn up to 100% interest.
• Newmont Canada LimitedminorStrategic or Co-development Partner · 1 January 2005Operating joint venture partner on Matrix Gold Project in Nunavut. Newmont could earn up to 70% interest through staged exploration expenditures totaling C$14 million. Pacific Ridge retains 15% interest.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Imperial Metals: BC-focused copper-gold producer and explorer operating the Mount Polley and Red Chris mines. Comparable as a long-standing BC miner with deep exposure to porphyry copper-gold geology and as a potential strategic acquirer of advanced exploration assets in the region.
• Centerra Gold: Gold-copper producer operating the Kemess mine in BC's Quesnel Trough — located ~50 km from Pacific Ridge's Kliyul project. Comparable as an active BC copper-gold incumbent with nearby infrastructure that increases the strategic value of Pacific Ridge's portfolio.
• Antofagasta Minerals: Global copper major and prior optionee of Pacific Ridge's RDP project. Comparable as a Tier-1 porphyry copper producer that has already validated Pacific Ridge's asset quality through direct partnership.
• Hudbay Minerals: Established copper-gold producer with the Copper Mountain mine in BC and exploration interests across the Quesnel Trough. Comparable as a major operating in Pacific Ridge's core jurisdiction and a natural candidate to farm-in or acquire advanced porphyry assets.
• Taseko Mines: Mid-tier copper producer with the Gibraltar mine in BC's Quesnel Trough (the same belt Pacific Ridge targets) and the Florence Copper project in Arizona. Comparable as a BC copper incumbent that also explores the Quesnel Trough and represents a likely acquirer of Pacific Ridge's assets.

Direct peers

• NGEx Minerals: Copper-gold explorer with adjacent BC and Andean porphyry projects (e.g., Los Helados, Valle Ancho). Comparable as a copper-gold porphyry-focused explorer pursuing resource-stage assets, with similar discovery-driven GTM and major miner appeal.
• Amarc Resources: BC-focused copper-gold porphyry explorer advancing the IKE and DUKE projects in similar Quesnel Trough / Toodoggone geology. Closely comparable as a junior explorer with porphyry targets, partnership-driven business model, and similar market cap scale.
• Solaris Resources: Copper-gold porphyry developer anchored by the Warintza project in Ecuador, with major miner backing (Equinox Gold strategic stake). Comparable as a porphyry copper-gold explorer with inferred-to-indicated resource progression and active drill campaigns.

Emerging players

• Commander Resources: BC-focused junior explorer with copper-gold and base metal projects. Comparable as a small-cap Canadian mineral explorer using similar drill-driven GTM in British Columbia.
• Kintavar Exploration: Junior copper-silver explorer advancing the Mitchi and Wabash projects in Quebec. Comparable as a small-cap, single-commodity porphyry/sediment-hosted copper explorer dependent on equity capital and partner-funded exploration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/PacRidge_PEX
• LinkedInlinkedin.com/company/pacific-ridge-exploration-ltd-pex-

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds7 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 Pacific Ridge Exploration