Pirate Gold

What Pirate Gold does

Pirate Gold Corp. (formerly Sokoman Minerals Corp., rebranded November 2025) is a publicly traded, pre-revenue mineral exploration company headquartered in Toronto, Canada, with all operations located in central Newfoundland. The company is anchored by the 78,600-hectare Treasure Island Project, a district-scale land package along the prospective 90+ km Valentine Lake Fault Zone and directly adjacent to Equinox Gold's 4 Moz Valentine Mine. Pirate Gold pursues a dual-track exploration strategy combining high-grade orogenic gold vein expansion at the Moosehead Zone — where drill intercepts have returned up to 70.29 g/t Au over 9.05m and visible gold across multiple holes — with system-scale drilling of a newly identified copper-gold porphyry/epithermal discovery at Moby Dick within the broader Crippleback target.

The company's core technical capability is conventional diamond drilling supported by project-scale airborne geophysical surveys (combined magnetic and electromagnetic coverage of approximately 124,000 hectares across 69,500 ha and 54,500 ha respectively), used to identify and prioritize drilling targets across copper-gold porphyry and high-sulphidation epithermal mineral systems. An active 50,000m drill program with two rigs is underway, and the property benefits from year-round access via the Trans-Canada Highway in a Tier-1 mining jurisdiction. Management is led by Denis Laviolette (Executive Chairman and CEO), with Natalia Samartseva as CFO and Dr. Richard J. Goldfarb (a world-renowned orogenic gold expert) as Strategic Advisor; the team is credited with prior discoveries at both Valentine Lake and the Queensway Project.

Pirate Gold has no current product revenue and operates a capital-intensive exploration model funded through periodic equity financings on the TSX Venture Exchange (YARR) and OTCQB (YARRF). The most recent financing was a CAD $26.2 million bought deal private placement in October 2025, led by Canaccord Genuity Corp. and BMO Capital Markets, with Eric Sprott increasing his ownership stake from approximately 16.7% to 23.8%. The company's intended future revenue streams would be generated through sale of extracted minerals, joint ventures with major mining companies, or acquisition by a larger mining company. The implied exit pathway is supported by active M&A activity in Newfoundland, including Calibre's acquisition of Marathon Gold, Equinox Gold's acquisition of Calibre, and New Found Gold's acquisition of Maritime Resources.

Name

Pirate Gold

Legal name

Pirate Gold Corp.

Website

https://sokomanmineralscorp.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Pirate Gold Corp. is a pre-revenue mineral exploration company advancing the 78,600-hectare Treasure Island Project in central Newfoundland, targeting high-grade orogenic gold at Moosehead and a new copper-gold porphyry discovery at Moby Dick along the Valentine Lake Fault Zone.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

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

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

Keywords

• Mineral exploration
• Gold exploration
• Copper-gold porphyry
• Diamond drilling services
• Mining exploration

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Pre-Revenue Exploration Stage: Pirate Gold is a pre-revenue mineral exploration company. Future revenue would be generated through sale of extracted minerals, joint ventures with major mining companies, or acquisition by a larger mining company. The company is not currently producing or selling any mineral products.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Pirate Gold Corp. is a pre-revenue mineral exploration company focused on the discovery and development of high-grade gold and copper-gold deposits in central Newfoundland. The company controls a 78,600-hectare district-scale Treasure Island Project along the Valentine Lake Fault Zone, anchored by the high-grade Moosehead gold zone and a new copper-gold porphyry/epithermal discovery at Crippleback/Moby Dick.

Product overview

Pirate Gold Corp. is a mining exploration company operating as a single unified project portfolio anchored by the Treasure Island Project. The company pursues high-grade gold through its Moosehead Zone and has recently discovered a new copper-gold porphyry/epithermal system at Moby Dick, while advancing exploration at the Crippleback Lake and Stony Lake target zones.

Differentiator

Problem solved

Functional benefit

Products and services

• Treasure Island Project District-scale exploration project (78,600 hectares) in central Newfoundland focused on high-grade gold and copper-gold porphyry/epithermal mineral systems along the Valentine Lake Fault Zone, adjacent to Equinox Gold's 4 Moz Valentine Mine.
• Moosehead Zone High-grade gold target within the Treasure Island Project featuring visible gold and bonanza-grade drill intercepts up to 70.29 g/t Au, with geology comparable to world-class Fosterville-type deposits.
• Crippleback Lake Target Large advanced argillic alteration system with indicators of high sulphidation epithermal and copper porphyry mineral systems, expanded to 1,700m strike length.
• Moby Dick Discovery New grassroots copper-gold porphyry epithermal discovery at Treasure Island confirming broad intervals of mineralization including 0.54% Cu Eq over 180.8m and 1.48% Cu Eq over 49.4m, measuring 3,100m long, 850m wide, and 500m deep.
• Stony Lake Target Exploration target zone within the Treasure Island Project targeting gold and copper mineralization along the Valentine Lake Fault Zone.

Quantifiable outcome

• Drill results up to 70.29 g/t Au over 9.05m at Moosehead Zone
• +3 more outcomes

Segments1 record

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

Five partnerships are on record, tiered minor and core.

• Paradigm Minerals Inc.minorStrategic or Co-development Partner · 29 April 2026Pirate Gold filed an amending agreement for acquisition of four mineral licences from Paradigm Minerals Inc. Total consideration reallocated: $11,960 cash to Paradigm and 280,000 common shares to Paradigm.
• Ian FarrellminorStrategic or Co-development Partner · 29 April 2026Ian Farrell is a party to the amended licence acquisition agreement. Terms include $400 cash and 20,000 common shares to Ian Farrell.
• Newfoundland Gold Retriever Corp.coreStrategic or Co-development Partner · 13 February 2026Pirate Gold acquired six additional mineral claims covering 150 hectares through an agreement with Newfoundland Gold Retriever Corp. Consideration included $7,500 cash, 150,000 common shares, and a 1.0% NSR royalty.
• Dr. Richard J. GoldfarbcoreStrategic or Co-development Partner · 19 December 2025Dr. Richard J. Goldfarb, a world-renowned orogenic gold expert, was appointed as Strategic Advisor to the company. He provides expertise on gold exploration along the Valentine Lake Fault Zone.
• Kevin KeatsminorStrategic or Co-development Partner · 20 October 2025Sokoman Minerals (now Pirate Gold) announced acquisition of mineral licenses from Kevin Keats for Stony Lake and Keats Properties in Newfoundland.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Marathon Gold: Predecessor operator of the Valentine Gold Project in central Newfoundland, with a similar district-scale gold asset profile before being acquired by Calibre Mining.
• Equinox Gold: Mid-tier gold producer whose Valentine Mine sits directly adjacent to Pirate Gold's Treasure Island Project on the Valentine Lake Fault Zone, operating in the same Newfoundland gold district with overlapping geology.
• New Found Gold: Newfoundland-focused high-grade gold explorer advancing the Queensway Project along the same structural corridor, with comparable orogenic gold targets and a similar exploration-stage profile to Pirate Gold.
• Calibre Mining: Gold producer and active consolidator in Newfoundland following its acquisition of Marathon Gold, providing a directly comparable operator and M&A counterparty for district-scale gold assets.
• Osisko Mining: Canadian gold exploration and development company with district-scale gold assets, sharing a similar pre-revenue, drill-driven value-creation model and TSX-listed junior profile.
• Wallbridge Mining: Canadian gold exploration company advancing a district-scale gold project in Quebec, with a comparable exploration-stage profile, drilling-driven catalyst path and TSXV-listed presence.
• Probe Metals: Canadian gold exploration and development company with a district-scale gold project in Quebec, comparable in size, stage and capital-markets profile to Pirate Gold.

Regional players

• Maritime Resources: Junior gold developer in Newfoundland that was recently acquired by New Found Gold for ~C$292M, representing a comparable takeout outcome for a Newfoundland-focused gold company.

Broad incumbents

• IAMGOLD: Senior gold producer with a global portfolio that has historically been an active participant in Canadian gold M&A, representing a potential acquirer profile for advanced Newfoundland gold projects.
• Agnico Eagle Mines: Senior gold producer with a long track record of acquiring Canadian district-scale gold assets, representing a potential strategic acquirer of advanced Newfoundland exploration projects.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/playlist?list=PLxolFjEkL_m5W5o0RON47EezDPOf4MWx-
• Xx.com/PirateGoldCorp
• Facebookfacebook.com/PirateGoldCorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 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 Pirate Gold