Ascot Resources

What Ascot Resources does

Cambria Gold Mines Inc. (formerly Ascot Resources Ltd.), listed on the TSXV under the ticker CAMB and headquartered in Vancouver, British Columbia, is a Canadian precious-metals developer focused on advancing a portfolio of gold and copper-gold assets in northwestern British Columbia's Golden Triangle and in Washington State. Its core assets are the Premier Gold Project, which includes an existing permitted processing mill, tailings storage, water treatment, and underground workings; the high-grade past-producing Red Mountain Gold Project; and the Mt. Margaret copper-gold deposit in Washington State, which the company has proposed to spin into ECC Ventures 4 Corp.

The company's revenue model is conventional for the sector: once Premier is restarted, it intends to generate income by mining ore, processing it through the existing mill, and selling gold (and byproduct) concentrate into commodity markets. Since placing Premier on care and maintenance in June 2025, however, Cambria has been pre-revenue and has relied on equity financings and creditor restructuring to fund corporate overhead, debt service, and a planned restart. The underlying technical asset base consists of permitted infrastructure, defined mineral resources, and historic production data from Premier and Red Mountain.

Following a period of financial distress, Cambria raised approximately C$175 million across 2025-2026 through a combination of rights offerings, brokered private placements, and a C$29 million offering, while executing settlements with creditors Nebari Gold Mining and Sprott. New leadership was installed — Robert McLeod (ex-CEO of Nations Royalty Corp.) as CEO and Alex Morrison as non-executive Chair — and the company rebranded from Ascot Resources Ltd. to Cambria Gold Mines Inc. on February 13, 2026, reactivating TSXV trading under the new ticker CAMB. A 2026 work program covering infill drilling at Big Missouri and Silver Coin is underway, and a July 2026 transaction proposes to separate Mt. Margaret into ECC Ventures 4 Corp alongside up to US$100 million of financing.

Name

Ascot Resources

Legal name

Cambria Gold Mines Inc.

Website

https://ascotgold.com

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Cambria Gold Mines Inc. (formerly Ascot Resources) is a Vancouver-based gold developer advancing the Premier and Red Mountain projects in British Columbia's Golden Triangle and the Mt. Margaret copper-gold deposit in Washington State, with Premier currently on care and maintenance.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro industry

PRIMARYIMAKAEAA

Gold Mining

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

Keywords

• Gold mining
• Mineral development
• Precious metals
• Resource extraction
• Mining development

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, Supply Chain

Revenue model

1. Gold Production Sales: Ascot Resources generates revenue through the extraction and sale of gold from its Premier Gold Mine and Red Mountain Gold Project. The company produces gold that is sold to refiners and commodity markets.

Distribution channels1 record

Marketing channels5 records

Core offering

Cambria Gold Mines (formerly Ascot Resources Ltd.) is a Canadian gold developer focused on the restart and advancement of the Premier Gold Mine and Red Mountain Gold Project in British Columbia's Golden Triangle. The company extracts and processes gold ore from permitted mining infrastructure including a mill, tailings facility, water treatment plant, and underground workings, with gold sold at prevailing market prices to refiners and commodity markets. The company owns 100% interest in four gold deposits (Red Mountain, Premier, Big Missouri, Silver Coin) and holds the Mt. Margaret Copper-Gold Deposit in Washington State.

Product overview

Cambria Gold Mines (formerly Ascot Resources Ltd.) is a Canadian gold developer operating a portfolio of two complementary projects: the Premier Gold Project provides the permitted processing infrastructure (hub-and-spoke mill, tailings facility, water treatment) while the Red Mountain Gold Deposit serves as the primary ore source for feeding the mill. The company also holds the Mt. Margaret Copper-Gold Deposit in Washington State, proposed for spin-out. The company focuses on disciplined restart and advancement of high-quality assets through execution-driven strategies and long-term stewardship, with existing permitted infrastructure reducing development risk.

Differentiator

Problem solved

Functional benefit

Products and services

• Premier Gold Project
• Red Mountain Gold Project
• Mt. Margaret Copper-Gold Deposit A copper-gold deposit in Randle, WA, USA proposed for spin-out into a separate U.S.-focused company through the ECC Ventures 4 Corp. transaction.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Alex MorrisoncoreOthers · 27 January 2026Alex Morrison appointed as non-executive Chair of Ascot Resources/Cambria Gold Mines.
• Fiore Management and Advisory Corp.coreImplementation/ SI/ Consulting Partner · 23 October 2025Fiore Management and Advisory Corp. entered into advisory agreement to implement comprehensive restructuring and recapitalization plan including rights offering, share consolidation, and private placement. Amended agreement reducing Fiore's share-based fee to 23,017,892 common shares plus 8,240,844 warrants.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Artemis Gold: Canadian gold developer with the Blackwater project in BC. Comparable as a BC-based gold developer advancing a permitted project toward production with hub-and-spoke-style scale ambitions.
• Seabridge Gold: Canadian gold developer focused on large-scale gold projects in BC's Golden Triangle (KSM project). Directly comparable to Cambria as a BC-based gold developer targeting permitted/long-life production from similar geological belts.
• Skeena Resources: BC-focused gold developer advancing the Eskay Creek project in the Golden Triangle. Closely comparable to Cambria in asset location, stage, and gold-focused development strategy.
• Tudor Gold: Gold exploration and development company focused on the Treaty Creek project in BC's Golden Triangle. Direct geographic peer with comparable geological setting and gold-focused mandate.

Broad incumbents

• New Gold: Intermediate gold producer with BC operations (New Afton) and assets in Ontario. Comparable as a Canadian gold producer/developer with mine restart experience and infrastructure reuse.
• Osisko Gold Royalties: Gold-focused royalty and streaming company with material exposure to North American gold projects. Comparable as a counterparty/peer to Cambria's Sprott stream arrangement and as a benchmark for royalty/streaming economics.
• Equinox Gold: Multi-asset gold producer with North American operations including BC. Comparable as a diversified intermediate gold producer with similar operational profile and capital markets presence.
• OceanaGold: Intermediate gold producer with operations across North America and the Asia-Pacific. Comparable as a mid-tier gold producer with experience operating permitted assets in challenging jurisdictions.

Emerging players

• Sabre Gold Mines: North American gold developer with permitted/restart-stage assets. Comparable as a smaller-cap gold developer focused on restarting historic mines, similar to Cambria's Premier strategy.

Others

• Nations Royalty Corp. Mining royalty company holding royalties on Cambria's Premier and Red Mountain deposits. Comparable as a direct financial counterparty and as a royalty-focused investment vehicle tied to Cambria's production outlook.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Ascotgold
• LinkedInlinkedin.com/company/cambria-gold
• Instagraminstagram.com/cambriagoldmines

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds22 records

Investors4 records

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 Ascot Resources