Freeman Gold
Freeman Gold is a pre-revenue, publicly traded mineral exploration and development company (TSX-V: FMAN) advancing its 100%-owned Lemhi Gold Project in Idaho through feasibility study and permitting toward a production decision.
- Company typePublic
- Founded2020
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What Freeman Gold does
Freeman Gold Corp. is a publicly traded mineral exploration and development company (TSX-V: FMAN, OTCQB: FMANF, FSE: 3WU) headquartered in North Vancouver, British Columbia, with a single core asset: the 100%-owned Lemhi Gold Project in Lemhi County, Idaho, USA. The company is pre-revenue and focused entirely on advancing Lemhi through feasibility study and permitting toward a production decision. Lemhi comprises approximately 30 square kilometres of patented and unpatented mining claims hosting a near-surface oxide gold deposit; the February 2026 updated Mineral Resource Estimate defines 1.22 million ounces of Measured & Indicated gold resources at 0.79 g/t Au in 48.310 million tonnes, plus 240,000 ounces Inferred, with the deposit remaining open in multiple directions.
The company employs conventional carbon-in-leach (CIL/CIP) tank leaching for gold extraction, with Phase 4 metallurgical testing (2025) demonstrating average gold recoveries of 95.4% across variable head grades (0.2–10.9 g/t Au) and depths. The updated economic model projects a post-tax NPV of US$876 million at US$3,400/oz gold, a 57.4% IRR, a 1.6-year payback, life-of-mine cash costs of US$925/oz Au, AISC of US$1,105/oz Au, and average annual production of approximately 75,900–80,390 oz Au over an 11.2-year mine life.
Freeman Gold generates no operating revenue; the business model is the advancement of a single mineral asset funded by equity capital. The company has raised approximately $50M+ cumulatively through bought deal public offerings, non-brokered private placements, warrant exercises, and convertible debentures since 2020. Its go-to-market approach targets institutional investors, mining-focused funds, and strategic resource-sector investors through investor relations, news releases, conference participation (e.g., Idaho Mining Conference), and dual-listing on TSX-V, OTCQB, and FSE. The 'customer' segment is the gold mining industry, with future revenue dependent on doré sales to refineries once a construction decision is made. Management is led by Executive Chairman Paul Matysek and CEO Bassam Moubarak, both with documented track records of selling exploration/development companies for aggregate values exceeding $2 billion.
Freeman Gold firmographics
Firmographics- Name
- Freeman Gold
- Legal name
- Freeman Gold Corp.
- Website
- https://freemangoldcorp.com
- Company type
- Public
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Freeman Gold is a pre-revenue, publicly traded mineral exploration and development company (TSX-V: FMAN) advancing its 100%-owned Lemhi Gold Project in Idaho through feasibility study and permitting toward a production decision.
- Ownership category
- akta.pro rank
Freeman Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Freeman Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Freeman Gold business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Gold Production Revenue (Future): Freeman Gold is pre-revenue and does not currently generate operating revenue. The company is advancing the Lemhi Gold Project toward production, which is expected to generate revenue from gold sales once mining operations commence. The PEA projects average annual gold production of 75,900-80,390 oz Au in the first 8 years of production, with LOM payable output of 851,900-854,090 oz Au.
- Equity Financing: The company raises capital through equity financings including bought deal public offerings, non-brokered private placements, convertible debentures, and warrant exercises to fund exploration, permitting, and development activities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Freeman Gold product offering
Product offeringCore offering
Freeman Gold is a pre-revenue mineral exploration and development company focused on advancing its 100%-owned Lemhi Gold Project in Lemhi County, Idaho, USA. The company is progressing the project through feasibility study, permitting, and metallurgical testing toward a production decision, with a planned open-pit, conventional carbon-in-leach (CIL) oxide gold mining operation targeting average annual production of approximately 75,900-80,390 oz Au.
Product overview
Freeman Gold is a mineral exploration and development company with a single core asset: the Lemhi Gold Project. The Lemhi Gold Project is a 100%-owned advanced gold project located in Idaho, USA, comprising 30 square kilometres of highly prospective land hosting a near-surface oxide gold deposit. The project is currently in the feasibility study stage, progressing toward a production decision. Freeman Gold does not operate a multi-product or platform-based business model; its entire focus is on developing the Lemhi Gold Project through exploration, resource expansion, metallurgical testing, permitting, and feasibility studies.
Differentiator
Problem solved
Functional benefit
Products and services
- Lemhi Gold Project The Lemhi Gold Project is a 100%-owned advanced gold exploration and development project located in Lemhi County, Idaho, USA. It comprises 30 square kilometres of patented and unpatented mining claims hosting a near-surface oxide gold deposit with Measured and Indicated resources of 1.22 million oz Au at 0.79 g/t and Inferred resources of 240,000 oz Au at 0.70 g/t (February 2026 estimate). The project is being advanced through feasibility study toward a production decision using conventional open-pit mining and CIL processing.
Quantifiable outcome
- 95.4% gold extraction confirmed via Phase 4 metallurgical testing using conventional CIL processing
- +3 more outcomes
Companies that use Freeman Gold
Customer profileSegments1 record
Ideal customer profiles1 record
Freeman Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Freeman Gold partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- GSI Environmental Inc.coreGSI Environmental Inc. was engaged to support baseline studies and permitting for the Lemhi Gold Project. GSI is one of multiple environmental, archaeological, and wildlife consultants supporting the permitting process, including environmental, wildlife, and cultural resource assessments expected to be completed in spring/summer 2026.
- Spheros EnvironmentalcoreSpheros Environmental was engaged as one of multiple environmental consultants to support baseline studies for Lemhi permitting, conducting environmental and wildlife assessments.
- Catena Consulting, LLCcoreCatena Consulting, LLC was engaged to support baseline studies and permitting for the Lemhi Gold Project, focusing on environmental and wildlife assessments.
- ARH Archaeology and Architectural History, LLCcoreARH Archaeology and Architectural History, LLC was engaged to conduct cultural resource assessments as part of the Lemhi permitting process, with assessments expected completion in spring/summer 2026.
- AusencocoreAusenco was appointed to lead the feasibility study for the Lemhi Gold Project. Ausenco is a global engineering and advisory firm specializing in mining and metals projects. The feasibility study was expected to be completed in Q2 2026, with delay due to additional optimization work on permitting strategy and process facilities.
Scale indicators5 records
Recent moves9 records
Expansion highlights5 records
Freeman Gold competitors and assessment
Company assessmentDirect peers
- Integra Resources: Junior gold developer with the DeLamar project in Idaho, USA — directly comparable as an advanced-stage oxide gold exploration and development company operating in the same top-ranked U.S. mining jurisdiction with similar permitting and metallurgy profile.
- Perpetua Resources: Pre-revenue gold developer advancing the Stibnite Gold Project in Idaho. Highly comparable as a single-asset junior gold miner in the same jurisdiction, currently navigating permitting and feasibility stages.
- Gold Standard Ventures: Junior gold developer focused on the Railroad-Pinion project in Nevada. Comparable as a single-asset oxide gold exploration and development company in a tier-one U.S. jurisdiction advancing through feasibility and permitting.
- Marathon Gold: Junior gold developer advancing the Valentine Lake project in Newfoundland, Canada toward production. Comparable as a pre-revenue single-asset gold developer at the feasibility/permitting stage with similar funding pattern via equity raises.
- Artemis Gold: Junior gold developer building the Blackwater Gold Mine in British Columbia, Canada. Comparable as a Canadian-listed, single-asset gold developer that advanced from feasibility through construction and is now in production.
- West Red Lake Gold Mines: Junior gold exploration and development company with the Madsen and Rowan projects in Ontario, Canada. Comparable as a single-asset-focused gold developer with active drilling, resource expansion, and feasibility-stage work.
- Skeena Resources: Junior gold developer advancing the Eskay Creek project in British Columbia, Canada. Comparable as a Canadian-listed single-asset gold developer at the feasibility/permitting stage pursuing production.
- Treasury Metals: Junior gold developer advancing the Goliath Gold Complex in Ontario, Canada. Comparable as a pre-revenue single-asset gold developer at the feasibility/permitting stage pursuing project financing and production.
Broad incumbents
- Fortuna Silver Mines: Mid-tier precious metals producer with operating gold and silver mines across the Americas. Relevant as the acquirer of Goldrock Mines (where Paul Matysek and Bassam Moubarak held leadership roles) and as a potential acquirer profile for an advanced-stage oxide gold asset like Lemhi.
- Yamana Gold: Major precious metals producer across the Americas. Relevant as a 5% strategic shareholder of Freeman Gold and as an established producer that could view Lemhi as a development-stage acquisition or partnership opportunity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Freeman Gold social profiles
Digital presenceFreeman Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Freeman Gold leadership team
Management profileNumber of profiles
Profiles8 records
Freeman Gold subsidiaries and ownership
Company hierarchySubsidiaries3 records
Freeman Gold funding detail
Funding detailFunding overview
Funding rounds5 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Freeman Gold M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Freeman Gold
What does Freeman Gold do?
Freeman Gold is a pre-revenue mineral exploration and development company focused on advancing its 100%-owned Lemhi Gold Project in Lemhi County, Idaho, USA. The company is progressing the project through feasibility study, permitting, and metallurgical testing toward a production decision, with a planned open-pit, conventional carbon-in-leach (CIL) oxide gold mining operation targeting average annual production of approximately 75,900-80,390 oz Au.
Is Freeman Gold a public or private company?
Freeman Gold is a public company. It is classified as public and is currently operating.
When was Freeman Gold founded?
Freeman Gold was founded in 2020. It employs 1 to 10 people.
Where is Freeman Gold based?
Freeman Gold is headquartered in Vancouver, Canada, in the North America region.
How does Freeman Gold make money?
Two revenue lines are on record. Gold Production Revenue (Future) is the primary driver. The others are equity Financing.
Who are Freeman Gold's main competitors?
Direct peers on record are Integra Resources, Perpetua Resources, Gold Standard Ventures, Marathon Gold, Artemis Gold, West Red Lake Gold Mines, Skeena Resources and Treasury Metals. Broad incumbents are Fortuna Silver Mines and Yamana Gold.
Does Freeman Gold have an API?
No public API is recorded for Freeman Gold.
What industry is Freeman Gold in?
Freeman Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAI, Precious Metals Exploration & Project Development. Its NAICS code is 212220 and its SIC code is 1040.