Name

Greenridge Exploration

Legal name

Greenridge Exploration Inc.

Website

https://greenridge-exploration.com

Company type

Public

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Uranium exploration
• Critical minerals exploration
• Lithium exploration
• Mineral property development
• Athabasca Basin projects

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, Marketing or Sales, Supply Chain

Revenue model

1. Mineral property option/JV monetization: Pre-revenue mineral exploration stage. Revenue generation expected via option payments, joint venture contributions, royalty streams, and ultimate disposition of mineral properties. The Company currently monetizes exploration assets through earn-in arrangements with strategic partners (Denison, UEC, Thunder Gold, Rio Tinto) that fund exploration in exchange for ownership stakes and net smelter returns royalties.
2. Equity and flow-through share financings: Capital is raised via non-brokered private placements, including flow-through share units (e.g., C$2,035,977.65 raised Dec 2025 at $0.35/unit; C$1,000,000.05 in July 2024; C$3,500,455.12 in March 2024), with insider participation, to fund Canadian Exploration Expenses renounced to subscribers.
3. Future mineral production royalties: Long-term revenue potential via net smelter returns (NSR) royalties on properties such as Carpenter Lake (2% NSR), Reindeer (2% NSR), Electra (2.5% NSR to vendors, with 1.5% buyback right), Snook/Ranger Lake (1.5% NSR), and others, contingent on future mine development by partners or Greenridge.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Greenridge Exploration Inc. is a Canadian mineral exploration company that acquires, explores, and develops critical mineral projects (uranium, lithium, nickel, copper, and gold) across tier-one Canadian jurisdictions including the Athabasca Basin, Thelon Basin, Ontario, Quebec, Nova Scotia, and British Columbia. The Company owns or has interests in 28 projects covering approximately 388,040 hectares, advancing them through staged exploration using geophysics, diamond drilling, and AI-assisted targeting, and monetizes them via option agreements, joint ventures, and royalties with mid-tier and major mining partners such as Denison Mines, Uranium Energy Corp., Rio Tinto, and Thunder Gold.

Product overview

Greenridge Exploration Inc. (CSE: GXP | FRA: HW3 | OTC: GXPLF) is a Canadian mineral exploration company that operates a unified multi-commodity project portfolio rather than a single product. Its portfolio is organized into four commodity families that together comprise 23-28 projects and additional claims covering roughly 229,000-388,000 hectares across Canada: Uranium (Nut Lake, Carpenter Lake, Gibbons Creek, Hook-Carter, Black Lake, Sabre, Bradley Lake, McKenzie Lake, Raven, Snook Lake, Ranger Lake), Energy Metals/Nickel-Copper (Electra, Firebird, Flying Vee, Cannon, Weyman), Gold (Alligator Lake, Blackbird, Vixen, Hummingbird), and Lithium (Hydra, Anchor, Crystal, Reindeer). Several properties are advanced via strategic partnerships — the Hook-Carter project is operated by Denison Mines (20% Greenridge/80% Denison), the Black Lake project with Uranium Energy Corp. (40/50.43/8.57% Greenridge/UEC/Orano), Firebird Nickel is under option to Rio Tinto Exploration Canada, Electra is under option to Thunder Gold Corp., and Hydra is held under a 50/50 joint venture with Forrestania Resources. Greenridge's corporate platform combines traditional geological exploration methods (diamond drilling, ground gravity surveys, airborne EM/radiometric surveys, biogeochemical sampling) with AI-assisted targeting, notably via KorrAI's outcrop detection imagery analysis and CGI's GILI 3D multi-physics inversion and machine-learning lithology modelling platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Nut Lake Uranium Project Uranium project located in the Thelon Basin (Yathkyed sub-basin), Nunavut, with four contiguous mineral licences encompassing ~5,854 hectares. Historical drilling intersected up to 9 ft of 0.69% U3O8; 2024 prospecting located a float sample returning 31.13% U3O8 from the Tundra Showing.
• Carpenter Lake Uranium Project Flagship uranium project on the southern margin of the Athabasca Basin, Saskatchewan, comprising 12 mineral claims covering ~18,680 hectares and straddling the Cable Bay Shear Zone (CBSZ) over 15+ km of strike length. 100%-owned by Greenridge as of June 2026, adjacent to Cameco's Centennial deposit and 95 km west of the past-producing Key Lake mine.
• Gibbons Creek Uranium Project Uranium project hosting high-grade uraniferous boulders located in 2013 with grades up to 4.28% U3O8.
• Hook-Carter Uranium Project Uranium project strategically located in the southwest margin of the Athabasca Basin, ~13 km from NexGen Energy's Arrow deposit and ~20 km from Paladin Energy's Triple R deposit. Held 20% by Greenridge and 80% by Denison Mines Corp.
• Black Lake Uranium Project Uranium project in the NE Athabasca Basin, owned 40% by Greenridge, 50.43% by Uranium Energy Corp., and 8.57% by Orano Canada. The 2004 discovery hole (BL-18) returned 0.69% U3O8 over 4.4 m.
• Sabre Uranium Project Uranium project in the Athabasca Basin, Saskatchewan. A 2025 helicopter-borne Mobile Magnetotellurics (MobileMT) survey identified deep basement conductors and structural corridors with potential for uranium mineralization.
• Bradley Lake Uranium Project Uranium exploration project in the Greenridge portfolio, located in Canada.
• McKenzie Lake Uranium Project Uranium project in Northern Saskatchewan. A 2023 prospecting program returned samples including 844 ppm U-total (0.101% U3O8), and a 2025 helicopter-borne EM survey revealed major fault zones and conductive zones.
• Raven Uranium Project Uranium property (~6,269 hectares) located near the eastern margin of the Athabasca Basin, ~65 km southeast of Cameco's McArthur River Uranium Mine, with more than 9 km of historical electromagnetic conductor coincident with a prominent northeast-southwest magnetic low.
• Snook Lake & Ranger Lake Uranium Projects Ontario uranium projects: Ranger Lake (943 mineral claims covering 20,782 ha near the Elliot Lake historical uranium mining district) and Snook Lake (237 mineral claims covering 4,899 ha, ~75 km north of Kenora). 2007 sampling at Snook Lake returned 497-2006 ppm U3O8.
• Electra Nickel Project Nickel project (4,571 hectares) contiguous to Thunder Gold Corp.'s Tower Mountain Property near Thunder Bay, Ontario, subject to an option agreement with Thunder Gold Corp. dated April 10, 2026. Subject to 2.5% NSR royalty.
• Firebird Nickel Project Nickel project in Saskatchewan with two drill programs (7 holes totaling 1,339 m). Hole FN20-002 intersected 23.8 m of 0.36% Ni and 0.09% Cu, including 10.6 m of 0.55% Ni and 0.14% Cu. Currently under option to Rio Tinto Exploration Canada.
• Flying Vee Nickel Project Nickel/critical metals project in Saskatchewan. 2025 airborne electromagnetic and radiometric survey improved interpretation of conductive structural trends and identified prospective target zones for critical metals and gold mineralization.
• Cannon Copper Project Copper exploration project in the Greenridge portfolio located in Canada.
• Weyman Copper Project Copper project comprising 7 staked mineral claims covering 2,803 hectares in South East British Columbia, within the southern Quesnel Terrane. Explored for porphyry copper-molybdenum-gold alteration; 1988-89 drilling returned up to 0.125% Cu; 2014 soil sampling returned up to 145 ppm Cu.
• Alligator Lake Gold Project Gold exploration project in the Greenridge portfolio located in Canada.
• Blackbird Gold Project Gold exploration project in the Greenridge portfolio located in Canada.
• Vixen Gold Project Gold exploration project in the Greenridge portfolio located in Canada.
• Hummingbird Gold Project Gold project in northern Saskatchewan, 35 km northwest of Stony Rapids. 12 claims totaling ~4,784 hectares acquired by staking in 2020. 2020 prospecting returned assays as high as 10.5 g/t Au; historical samples at the Pine Channel area ranged up to 874 g/t Au. Contiguous to Firebird Nickel Project (optioned to Rio Tinto).
• Hydra Lithium Project Lithium project in the James Bay region of northern Quebec. 8 sub-projects (Volta, Echo, Nike, Sprite, Cobra, Viper, Python West, Python East) totaling 29,262 hectares. Held 50/50 by Greenridge and Forrestania Resources Limited (ASX:FRS) under joint venture. Targeted for LCT-type pegmatites.
• Anchor Lithium Project Lithium project in Nova Scotia's Meguma Terrane, Canada. 4 mineral licenses totaling ~2,810 hectares, 100%-owned with no applicable royalties. 2023 biogeochemical survey identified LCT stacking anomaly in southern portion of claim block.
• Crystal Lithium Project Lithium project in Northern Saskatchewan, 100%-owned (acquired by ALX through map staking in January-February 2023). 5 sub-projects totaling ~44,587 hectares across 54 mineral claims, located ~160 km northeast of Stony Rapids. Targeted for lithium-cesium-tantalum (LCT) pegmatites.
• Reindeer Lithium Project Lithium project in Northern Saskatchewan, 100%-owned (acquired by Greenridge in March 2023) subject to a 2.0% NSR royalty. 5 mineral claims totaling 13,239 hectares, located ~130 km east of LaRonge, SK. Targeted for lithium-bearing pegmatites in quartz-feldspar schist and gneiss.

Quantifiable outcome

• Uranium portfolio expanded from a handful of projects to 13-14 uranium projects covering ~175,000-196,000 hectares — among the largest in Canada
• +4 more outcomes

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability7 records

Feature5 records

Partnerships

13 partnerships are on record, tiered core, flagship and minor.

• Thunder Gold Corp.coreStrategic or Co-development Partner · 10 April 2026Option agreement dated April 10, 2026 through Greenridge's wholly-owned subsidiary ALX Resources Corp. Thunder Gold (TSXV:TGOL) can earn a 100% interest in the 4,571-hectare Electra Nickel property (contiguous to Thunder Gold's Tower Mountain Property near Thunder Bay, Ontario) by paying CAD$175,000 cash and issuing 1,000,000 Thunder Gold common shares to Greenridge over 24 months. Subject to TSX-V and CSE acceptance. Electra subject to 2.5% NSR with 1.5% buyback right.
• Convolutions Geoscience Corp. and Computational Geosciences Inc. (CGI)coreTechnology or Integration · 8 April 2026Convolutions Geoscience and Computational Geosciences (developer of the GILI Geophysics-Informed Lithology Interpolation platform) collaborated to complete an integrated 3D multi-physics inversion and machine-learning-assisted lithology modelling program at Carpenter Lake. CGI served as independent inversion specialists; Convolutions led geological integration and targeting strategy.
• ALX Resources Corp.flagshipStrategic or Co-development Partner · 5 September 2024Non-binding letter of intent (Sept 2024) for Greenridge to acquire ALX Resources Corp., creating a leading Canadian uranium exploration company with interests across multiple mineral projects. ALX is now a wholly-owned subsidiary used as the contracting entity for the Thunder Gold Electra option. Combined market cap expected ~C$35 million; 130% premium for ALX shareholders.
• 15952506 Canada Inc., Gravel Ridge Resources Ltd., 1544230 Ontario Inc.minorStrategic or Co-development Partner · 19 June 2024Asset Transfer Agreement (June 19, 2024) for the Snook Lake and Ranger Lake Uranium Projects in Northwest Ontario (4,899 ha and 20,782 ha respectively). Total 1,850,000 common shares issued to the Vendor; aggregate $54,000 cash payments to Optionors; 1.5% NSR royalty.
• MIC Marketing Information & Content Publishing GmbH (MIC)minorGTM or Marketing Partner · 7 June 2024Re-engagement of European marketing services for 6-month term (commencing June 18, 2024). Compensation of €150,000 with option to increase advertising budget up to €500,000. Services include online marketing campaign project management, AdWords bidding/ads/landing page optimization in Europe via email, Facebook, and Google.
• Denison Mines Corp.flagshipStrategic or Co-development Partner · 29 May 2024Denison operates the Hook-Carter Uranium Project in the SW Athabasca Basin (Greenridge 20% / Denison 80%); strategically located ~13 km from NexGen's Arrow deposit and ~20 km from Paladin's Triple R deposit. Winter 2026 drilling program of up to 8 drill holes announced in partnership with Denison at Hook-Carter.
• Renegade Gold Inc.coreStrategic or Co-development Partner · 29 May 2024Former 40% partner (60% Greenridge) in Carpenter Lake Uranium Project option agreement with ALX Resources and Pacton Gold; Greenridge completed all option obligations and now holds 100% legal and beneficial interest as of June 16, 2026 (paid $200,000 cash, issued 900,000 shares, incurred $1,000,000 in expenditures).
• Forrestania Resources Limited (ASX:FRS)coreStrategic or Co-development Partner · 7 July 202350/50 joint venture on the Hydra Lithium Project in the James Bay region of Quebec. Forrestania earned 50% by paying CAD$400,000 cash and CAD$600,000 in Forrestania common shares (4,579,586 shares total). Greenridge acts as operator for an industry-standard administration fee. Each party vested with 1.5% NSR.
• Uranium Energy Corp.flagshipStrategic or Co-development PartnerUranium Energy Corp. holds 50.43% of the Black Lake Uranium Project in the NE Athabasca Basin (Greenridge 40%, Orano Canada 8.57%); 2004 discovery hole BL-18 returned 0.69% U3O8 over 4.4m. UEC operates and advances the project.
• Rio Tinto Exploration CanadacoreStrategic or Co-development PartnerFirebird Nickel Project in northern Saskatchewan is currently under option to Rio Tinto Exploration Canada, with Hummingbird Gold contiguous to Firebird. (Per Hummingbird Gold project page and per April 14, 2026 release.)
• English River First Nation (ERFN) and Kineepik Metis Local #9 (KML)coreOthersExploration agreements executed in 2024 at Carpenter Lake with ERFN and KML (each with ancestral rights within the Project area), providing community members with roles in environmental monitoring, cultural management, and financial benefits from business, employment, and training opportunities.
• Axiom Exploration Group Ltd. (Saskatoon)minorImplementation/ SI/ Consulting PartnerAxiom Exploration Group Ltd. of Saskatoon mobilized a gravity geophysical crew at the Carpenter Lake Uranium Project in 2026 to survey selected target zones along the Cable Bay Shear Zone using a Scintrex CG6 Autograve instrument.
• Dahrouge Geological Consulting (Montreal, Quebec)minorImplementation/ SI/ Consulting PartnerGeological contractor engaged for the 2022 reconnaissance prospecting program at Hydra Lithium Project; reported results in January 2023. Also referenced as Qualified Person reviewer (Neil McCallum, P.Geo., of Dahrouge Geological Consulting) for Carpenter Lake technical disclosure.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Denison Mines Corp. Denison is the operator and 80% owner of Greenridge's Hook-Carter Uranium Project and operates winter 2026 drilling there. It is a direct peer as an Athabasca Basin-focused uranium explorer/developer, and arguably also a partner, making it the most comparable single name.
• Skyharbour Resources Ltd. Skyharbour is a junior uranium explorer with a large portfolio of Athabasca Basin projects and a partner-funding model similar to Greenridge's, including earn-in deals with major miners. Highly comparable in business model, jurisdiction, and project mix.
• Fission 3.0 Corp. Fission 3.0 is an Athabasca Basin uranium exploration company with a multi-project portfolio operated via partner-funded exploration. Closely comparable in scale, target commodity, and exploration-stage profile.
• Standard Uranium Ltd. Standard Uranium is a small-cap CSE-listed Athabasca Basin uranium explorer with a similar partner-funded exploration model. Closely comparable in size, listing venue, and exploration approach.
• Thunder Gold Corp. Thunder Gold is the optionee of Greenridge's Electra Nickel project and is a junior critical-minerals explorer in Ontario. Comparable as a small-cap, partner-funded, multi-commodity junior.
• Azincourt Energy Corp. Azincourt is a CSE-listed junior uranium exploration company with Athabasca Basin exposure and a similar partner-funded exploration thesis. Comparable in scale, exchange, and target commodity.

Broad incumbents

• NexGen Energy Ltd. NexGen operates the Arrow uranium deposit in the SW Athabasca Basin, directly adjacent to Greenridge's Hook-Carter project. A larger, more advanced peer in the same uranium district; comparable as a regional uranium developer.
• Uranium Energy Corp. UEC holds 50.43% of the Black Lake project (operated by UEC) and is a major North American uranium producer/developer. Comparable as a uranium counterparty and Athabasca-adjacent operator.
• Cameco Corporation: Cameco is the world's largest pure-play uranium producer and a benchmark incumbent. Several Greenridge projects sit on trend with Cameco's Athabasca mines (McArthur River, Key Lake, Centennial), making it the dominant uranium incumbent for benchmarking.

Emerging players

• Forrestania Resources Limited: Forrestania is Greenridge's 50/50 JV partner on the Hydra Lithium Project in James Bay, Quebec, and is itself a junior lithium/critical minerals explorer. Comparable as a peer-level early-stage partner in the same asset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/GXP_Exploration
• LinkedInlinkedin.com/company/greenridge-exploration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Greenridge Exploration