Arras Minerals

What Arras Minerals does

Arras Minerals Corp. is a publicly listed mineral exploration company (TSX-V: ARK; OTCQB) headquartered in Vancouver, British Columbia, focused on copper-gold porphyry exploration in the Pavlodar Region of northeastern Kazakhstan. The company was incorporated in February 2021 (previously operating as MaxMetals Corp) and controls approximately 3,300 square kilometers of mineral licenses in the Central Asian Orogenic Belt, adjacent to operating mines. Key assets include the Elemes Project (531.2 sq km with multiple targets including Berezski Central, East, and North), the Bozshakol Group of Licenses, and the Akkuduk Group of Licenses. The company previously held an option on the Beskauga copper-gold project (containing NI 43-101 compliant resources of 1.75Moz Au and 333.6kt Cu Indicated, plus 1.49Moz Au and 222.2kt Cu Inferred), which was terminated in June 2025, with the Teck Alliance licenses returning to Arras in Q1 2026.

The company's exploration methodology combines diamond drilling, KGK (Top of Bedrock) drilling, geophysical surveys (Heli-TEM, ground magnetic, induced polarization), and large-scale geochemical soil sampling programs across its license package. Notable drill intercepts include 935.9m @ 0.71% CuEq at Berezski North (June 2026) and 689.2m @ 0.76% CuEq at Beskauga (September 2022). Arras entered a strategic alliance with Teck Resources in December 2023, under which Teck funded US$5 million of generative exploration work across approximately 1,900 sq km through 2024-2025, with the Alliance package reverting to 100% Arras ownership in Q1 2026.

Arras Minerals is a pre-revenue exploration-stage company with no commercial mineral production. All activities are funded through equity financings (cumulative raises exceeding $100M since 2021, including a $25M bought deal in July 2026) and the legacy Teck strategic partnership. The company's go-to-market consists of investor relations activities targeting mining-focused institutional investors, with regular conference presentations, webinars, and news releases. The path to revenue would be through eventual development of mineral resources into producing mines or through asset divestment/partnership structures.

Name

Arras Minerals

Legal name

Arras Minerals Corp.

Website

https://arrasminerals.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Arras Minerals is a publicly listed mineral exploration company (TSX-V: ARK) advancing copper-gold porphyry projects across a 3,300 sq km license package in northeastern Kazakhstan, funded through equity financings and the former Teck Resources strategic alliance.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Metal Mining (1000)

akta.pro primary industry

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

akta.pro secondary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Mineral exploration services
• Copper-gold porphyry exploration
• Mineral resource development
• Exploration-stage mining
• Diamond drilling services

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, Marketing or Sales, Technology or R&D

Revenue model

1. Pre-Revenue Exploration Stage: Arras Minerals is a pre-revenue exploration stage mining company. The company does not currently generate revenue from mineral production. All activities are funded through equity financings and strategic partnerships. The company holds an option on the Beskauga copper-gold project and is actively exploring multiple license areas in northeastern Kazakhstan. The path to revenue would be through development of mineral resources into producing mines or through asset divestment/partnership structures.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Arras Minerals is a pre-revenue mineral exploration company advancing a portfolio of copper-gold porphyry assets in northeastern Kazakhstan. The company controls approximately 3,300 sq km of mineral licenses in the Pavlodar region, conducting diamond drilling, KGK (Top of Bedrock) drilling, geophysical surveys, and geochemical soil sampling programs to identify and delineate copper-gold porphyry deposits. The company does not currently produce minerals and generates no operating revenue, funding activities through equity financings and strategic partnerships.

Product overview

Arras Minerals is a mineral exploration company advancing a portfolio of copper-gold projects in northeastern Kazakhstan. The company operates multiple exploration projects including the Elemes Project (covering 531.2 sq km with targets Berezski Central, East, and North), the Bozshakol Group Licenses, the Akkuduk Group Licenses, and previously held the Beskauga Copper-Gold Project (option terminated June 2025). Projects focus on porphyry copper-gold mineralization within the Central Asian Orogenic Belt. The company conducts diamond drilling, KGK drilling, geophysical surveys (Heli-EM, IP, MT, gravity), and soil sampling programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Elemes Project A copper-gold exploration project consisting of two exploration licenses covering 531.2 square kilometers located 23km southwest of Ekibastuz in Pavlodar region, Kazakhstan. Features multiple targets including Berezski Central, Berezski East, Berezski North, K-Ozek, and Novii. The project targets copper-gold porphyry mineralization within the Central Asian Orogenic Belt.
• Bozshakol Group Licenses A package of mineral licenses covering exploration targets including Shirderty, Bozshakol South, Tort Kuduk, and Bozshakol Extension. The project includes extensive geophysical and drilling data across the broader land package.
• Akkuduk Group Licenses Licenses covering targets including Besshoky and Akkuduk-Nogurbek with potential for Cu-Au porphyry, orthomagmatic sulphides Ni-Cu-PGE, and Au-rich VHMS mineralization.
• P39 Target A potential orthomagmatic nickel sulphide deposit target with a 14-kilometer-long Ni-Cr-Co anomaly identified through soil sampling.

Quantifiable outcome

• 935.9m @ 0.71% CuEq from surface including 214.9m @ 1.42% CuEq at Berezski North (Elemes Project, June 2026)
• +2 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

Partnerships

One partnership is on record.

• Teck Resources LimitedcoreStrategic or Co-development Partner · 7 December 2023Arras Minerals announced a strategic alliance with Teck Resources in December 2023 to focus on critical minerals exploration in Kazakhstan. Under the agreement, Teck funded US$5 million of generative exploration work through 2024-2025, including geophysics, soil sampling, mapping, KGK drilling, and approximately 5,000m of diamond drilling (18 holes) across approximately 1,900 sq km of the license package. At the conclusion of the generative program in Q1 2026, 100% of the Alliance license package reverted back to Arras. This partnership provided technical validation and additional capital for early-stage exploration while maintaining Arras' ownership of the assets.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Teck Resources: Teck Resources is a major diversified miner (copper, zinc, steelmaking coal) that partnered with Arras in a strategic alliance on Kazakhstan exploration — directly comparable on jurisdiction, commodity, and exploration model as a potential strategic acquirer.
• First Quantum Minerals: First Quantum is a major global copper miner with deep expertise in porphyry copper exploration (Cobre Panamá, Sentinel, Conga) — relevant as a strategic acquirer of large copper discoveries and as a benchmark for senior copper valuation.
• Central Asia Metals: CAML is an AIM/TSX-listed mid-tier copper producer with operations in Central Asia (Kounrad dump leach in Kazakhstan, Sasa in North Macedonia); provides a regional copper benchmark and Kazakhstan operating peer for Arras's exploration activities.
• KAZ Minerals (now KAZ Minerals / Nova Resources): KAZ Minerals (now part of Nova Resources) operates large-scale copper mines in Kazakhstan (Bozshakol, Aktogay), directly adjacent to Arras's license areas — sets the regional infrastructure and geological benchmark that defines Arras's exploration potential.

Direct peers

• Solaris Resources: Solaris Resources is a TSX-listed junior copper-gold explorer (Warintza project in Ecuador) advancing a large-scale, long-intercept porphyry asset toward a resource estimate — directly comparable to Arras's Elemes-stage porphyry targets.
• Filo Corp: Filo Corp is a Lundin-affiliated junior explorer advancing the Filo del Sol copper-gold-silver project — a large-tonnage porphyry/epithermal system — highly comparable in exploration-stage economics and capital structure to Arras.
• EMX Royalty: EMX Royalty is a royalty and mineral exploration company with a globally diversified project portfolio, including copper and gold assets in Central Asia — comparable business model as a junior royalty/explorer that monetizes early-stage mineral interests.
• NGEx Minerals: NGEx Minerals is a Lundin-family affiliated copper-gold explorer focused on the Los Helados and Lunahuasi projects in South America; same junior-explorer model pursuing large-scale porphyry systems with similar resource-curve re-rating dynamics.
• Orsu Metals: Orsu Metals is a TSX-V-listed junior explorer focused on copper-gold assets in Russia and Central Asia — comparable size, jurisdiction exposure, and porphyry/vein exploration profile to Arras.

Emerging players

• Equinox Gold: Equinox Gold is a multi-asset gold producer founded by Scott Heffernan (Arras director) — provides a comparable growth-from-exploration trajectory and validates the management team's track record of advancing junior explorers to mid-tier producers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC0eqbQXBtYG_yfKG084PibA
• LinkedInlinkedin.com/company/arrasminerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 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 Arras Minerals