Boreal Gold

Name

Boreal Gold

Legal name

Boreal Gold Inc.

Website

https://borealgold.ca

Company type

Public

Founded year

2024

Operating status

Operating

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220), Metal Ore Mining (2122), Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)

SIC

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

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

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

Keywords

• Junior mining exploration
• Gold mineral properties
• Base metal exploration
• Diamond drilling programs
• Geophysical survey services

Headquarters

HQ city

Saskatoon

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Technology or R&D, Others

Revenue model

1. Pre-Revenue Exploration Stage: Boreal Gold is a pre-revenue junior mineral exploration company. All properties are at the exploration stage with no commercial production. Revenue is not expected until exploration successfully identifies and develops a mineral resource.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Boreal Gold is a junior mineral exploration company focused on acquiring, exploring, and advancing gold and base metal properties in the Flin Flon Mining Camp of Manitoba and Saskatchewan. The company conducts drilling, geophysical surveys, geological mapping, sampling, and metallurgical testing on its North Star Gold, Fay Lake, Melgurd Lake, and Jewel Box properties to identify and expand high-grade gold quartz vein and VMS Cu/Zn deposits. The company is pre-revenue and funds all activities through equity financings on the CSE and via private placements.

Product overview

Boreal Gold is a Canadian junior mineral exploration company focused on gold and base metal properties in northwest Manitoba and northeast Saskatchewan. The company operates a portfolio of three primary mineral exploration properties: the Fay Lake Property (gold-rich VMS and shear-hosted gold), the Melgurd Lake Property (VMS Cu/Zn and gold potential), and the North Star Gold Property (high-grade gold quartz veins). The company also holds the Jewel Box Gold Claim. All properties are at the exploration stage with the company conducting drilling, geophysical surveys, mapping, and sampling programs to develop mineral resources.

Differentiator

Problem solved

Functional benefit

Products and services

• North Star Gold Property A 2,922-hectare mineral exploration property consisting of 21 contiguous claims and two mining leases located 36-50 km west of Snow Lake, Manitoba. Hosts high-grade gold quartz veins within a Proterozoic shear zone in gabbro, including the North Star and Gold Rock deposits along the same 2.5 km long structure. Includes $9 million in historical exploration spend, 135 drill holes at North Star, 143 drill holes at Gold Rock, underground development, a 2005 NI 43-101 resource estimate (19,100 t at 10.6 g/t Au indicated), and metallurgical results showing 85% gold recovery by gravity alone. Target customers: investors funding ongoing exploration; intended eventual operator.
• Fay Lake Property A 2,719-hectare mineral exploration property consisting of 17 contiguous claims located 25 km northeast of Flin Flon, Manitoba. Contains both a gold-rich VMS deposit (historic Redwin) and gold-bearing quartz-veined shear zones similar in mineralogy to the Puffy Lake Mine. Strategically located between Hudbay's Vamp Lake Cu-Zn VMS deposit and the Puffy Lake Gold Mine, with historic shipments from Redwin grading up to 15.7 g/t Au and sample assays up to 146.9 g/t Au at the Redwin grid.
• Melgurd Lake Property A 7,422-hectare mineral exploration property consisting of 11 mineral claims located 50 km north-northeast of Flin Flon, Manitoba, and the adjacent town of Creighton, Saskatchewan. Has potential for both VMS Cu/Zn deposits similar to those in the Flin Flon-Snow Lake-Hanson Lake areas and epigenetic-type gold mineralization similar to the Manson Bay area. Lies within the southern margin of the Kisseynew Lithotectonic Domain near its contact with the Flin Flon Domain.
• Jewel Box Gold Claim A gold mineral claim located approximately 30 km east of Flin Flon, Manitoba. The Gold Button showing on the claim is located approximately 8 km west of the Gurney Mine, a vein gold deposit which produced approximately 25,000 ounces of gold in the 1930s. Acquired under the same option agreement as the North Star Group.

Quantifiable outcome

• Peak gold assay of 81.4 g/t Au at North Star Lake Property, with 6 of 12 samples exceeding 20.3 g/t Au
• +5 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Kiciwapa Cree NationcoreStrategic or Co-development Partner · 12 March 2026Boreal Gold signed a formal exploration agreement dated March 12, 2026 with Kiciwapa Cree Nation to support responsible mineral exploration within KCN's traditional and ancestral territory in Manitoba. The agreement establishes a framework for advance notice of exploration activities, environmental and cultural monitoring, employment and training opportunities for KCN members, and financial commitments to the KCN Economic Development Fund. This formalizes a multi-year relationship involving employment of KCN community members.
• Cassels Brock & Blackwell LLPminorImplementation/ SI/ Consulting Partner · 22 January 2026Cassels Brock & Blackwell LLP acted as legal advisor to Boreal Gold in connection with the $3,000,000 non-brokered private placement offering announced January 22, 2026.
• Voyageur Mineral Explorers Corp. (VOY)coreStrategic or Co-development Partner · 17 April 2025Boreal Gold entered into an option agreement with Voyageur Mineral Explorers Corp. to acquire a 100% interest in the North Star Group property (2,922 ha, 21 claims, 2 mining leases) located 50 km west of Snow Lake, Manitoba, and the Jewel Box gold claim located 30 km east of Flin Flon. Terms include issuing 1,000,000 shares, completing $350,000 in exploration expenditures, and annual cash payments totaling $50,000, with a 1.5% NSR royalty (0.5% purchasable for $500,000). Voyageur became a Boreal Gold shareholder as part of the transaction.

Scale indicators7 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Anfield Energy Inc. CSE-listed junior resource company with shared board representation (Laara Shaffer serves as CFO of both). Compares as a similarly-sized CSE-listed exploration issuer with shared governance.
• Foran Mining Corporation: Copper-zinc developer in the Flin Flon-Snow Lake belt with overlapping management (former directors include Laara Shaffer, Stephen Masson). Compares to Boreal as a same-belt explorer that advanced from junior status to a producing-asset developer.
• Voyageur Mineral Explorers Corp. Junior explorer that previously owned and drilled the North Star Group property now optioned to Boreal Gold, with Stephen Masson acting as contract land manager/technical advisor. Direct comparability on asset and personnel.
• Copper Reef Mining Corporation: Former owner of the North Star Group and Gold Rock properties, with Stephen Masson and Dave Kendall previously serving as President and CFO respectively. Compares as the predecessor operator on Boreal's flagship assets.
• Canadian Gold Corp. Junior gold exploration company focused on the Tartan Lake and SGFT projects in Manitoba, including the historic Tartan Lake mine near Flin Flon. Compares to Boreal as a Manitoba-focused gold junior of similar size and stage.
• Taiga Gold Corp. CSE-listed junior gold exploration company with Saskatchewan mineral claims. Compares as a similarly-structured CSE-listed gold junior raising flow-through capital for Canadian exploration programs.

Broad incumbents

• Hudbay Minerals Inc. Established base-metal producer operating the Lalor mine and Snow Lake concentrator adjacent to Boreal's North Star property. Relevant as the regional incumbent whose Vamp Lake Cu-Zn VMS deposit neighbors Boreal's Fay Lake ground and as a likely strategic/offtake counterparty.

Regional players

• Snow Lake Gold Ltd. Manitoba-focused gold junior exploring the Sherridon and Homestake properties in the Flin Flon-Snow Lake region. Compares to Boreal as a regional gold peer in the same geological belt.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds8 records

Investors2 records

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 Boreal Gold