BeMetals
BeMetals is a Canadian junior mineral exploration company (TSX-V: BMET) advancing gold and copper projects in Canada, Zambia, and Japan, led by mine-finding veterans and strategically backed by B2Gold Corp. (~37% ownership).
- Company typePublic
- Founded2018
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
BeMetals firmographics
Firmographics- Name
- BeMetals
- Legal name
- BeMetals Corp.
- Website
- https://bemetalscorp.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- BeMetals is a Canadian junior mineral exploration company (TSX-V: BMET) advancing gold and copper projects in Canada, Zambia, and Japan, led by mine-finding veterans and strategically backed by B2Gold Corp. (~37% ownership).
- Ownership category
- akta.pro rank
Where BeMetals is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
BeMetals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Exploration Stage — No Operating Revenue: BeMetals is a pre-revenue junior exploration company. It has never generated revenue from mineral production or sales. All operational activities are funded through equity financings, private placements, and government exploration grants. The company has completed multiple private placements and flow-through financing rounds since 2018 to advance its project portfolio.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
BeMetals product offering
Product offeringCore offering
BeMetals is a junior mineral exploration company that acquires, explores, and advances precious and base metals projects across Canada, Zambia, and Japan. The company's portfolio includes the Savant Gold Project in Ontario (gold), the Pangeni Copper Project in the Zambian Copperbelt (copper), the Kazan Gold Project portfolio in Japan (gold), and projects in Newfoundland. BeMetals is pre-revenue and funds all exploration activities through equity financings, with strategic support from B2Gold Corp.
Product overview
BeMetals is a Canadian precious and base metals exploration company focused on advancing a portfolio of mineral exploration projects. The company's project portfolio includes the Savant Gold Project (Ontario) as its primary focus, the Pangeni Copper Project (Zambia) for copper exploration, and the Kazan Gold Projects (Japan) for gold exploration. Additionally, through the proposed acquisition of Prospector Metals, BeMetals would acquire the Devon Project (Ni, Cu, PGEs in Ontario), Whitton Project (Au, Ni, Cu, PGEs in Ontario), and TooGood Project (Au in Newfoundland). The company is led by an experienced team and supported by strategic shareholder B2Gold with approximately 37% ownership interest.
Differentiator
Problem solved
Functional benefit
Products and services
- Savant Gold Project A district-scale gold exploration project spanning approximately 24,197 hectares (1,178 contiguous claims) in northwestern Ontario, Canada, located in a proven greenstone belt hosting Red Lake, Musselwhite, and Pickle Crow mines. Targets both iron formation-hosted and shear-hosted gold systems along the 40-km Kashaweogama Lake Fault Zone. Surface grab sample grading 34.7 g/t Au at Wiggle Creek demonstrates high-grade discovery potential.
- Pangeni Copper Project A copper exploration project located on the western extension of the Zambian Copperbelt, underlain by Katangan Supergroup metasediments covered by Kalahari sands. The project targets tier-one scale copper deposits, with Phase 1 aircore drilling returning copper values up to 1,028 ppm copper at E2-5 borehole and Phase 2 drilling returning 1,268 ppm copper in D2-09.
- Kazan Gold Project A portfolio of gold exploration projects located in Japan, including the Kato, Todoroki, and Tashiro projects, focused on discovering high-grade gold deposits in the country's volcanic belts.
- Devon Project A nickel, copper, and PGE exploration project located near Thunder Bay, Ontario, on the Archean craton margin covered by a sulphide-bearing sedimentary basin, an ideal geotectonic setting for major magmatic sulfide deposits.
- Whitton Project
Quantifiable outcome
- Surface grab sample grading 34.7 g/t gold collected at the Wiggle Creek prospect at the Savant Gold Project, alongside notable results of 8.95 g/t Au and 3.08 g/t Au from the same area.
- +2 more outcomes
Companies that use BeMetals
Customer profileSegments1 record
Ideal customer profiles1 record
BeMetals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
BeMetals partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Prospector Metals Corp. (TSXV: PPP)coreBeMetals entered into a share purchase agreement with Prospector Metals Corp. to acquire all of Prospector's non-Yukon mineral exploration projects (including Savant, Devon, Whitton, TooGood properties and certain marketable securities) in exchange for 29,400,000 post-consolidation BeMetals shares. Upon closing, BeMetals will be renamed Lightning Resource Corp. with a reconstituted board including nominees from both companies. The transaction includes a $4M subscription receipt financing to be completed concurrently.
- Dr. Richard SillitoeminorDr. Richard Sillitoe, one of the world's foremost experts on base metal and other deposits, joined BeMetals as a strategic and technical advisor in September 2018. Dr. Sillitoe has 45 years of consulting experience and has made major contributions to the discovery of various copper and other deposits globally. He holds a PhD from the University of London and is a recipient of the R.A.F. Penrose Gold Medal from the Society of Economic Geologists.
- Copper Cross Zambia Limited and Pangeni Mineral Resources LimitedcoreBeMetals acquired up to a 72.5% interest in the Pangeni Project in the Zambian Copperbelt through agreements with Copper Cross Zambia Limited and Pangeni Mineral Resources Limited. The company can acquire 67.5% interest by expending US$2.5M on exploration, making cash payments of US$1.45M, and issuing 500,000 shares over five years, with an additional 5% interest achievable by completing a feasibility study and making a further cash payment of US$750,000.
- TooGood Gold Corp. (TSXV: TGC)minorThe TooGood Project in Newfoundland is currently optioned to TooGood Gold Corp. (TSXV: TGC). BeMetals holds 5,000,000 shares of TooGood as marketable securities, together with potential future share option payments under the option agreement.
- Discovery GroupminorProspector Metals Corp., BeMetals' transaction partner, is a proud member of Discovery Group. Discovery Group companies collaborate in the junior mining sector.
Scale indicators7 records
Recent moves9 records
Expansion highlights5 records
BeMetals competitors and assessment
Company assessmentBroad incumbents
- B2Gold Corp. Mid-tier gold producer and BeMetals' largest strategic shareholder (~37%). Directly comparable because B2Gold both funds BeMetals' exploration and provides the team lineage (Wilton, Johnson, Richer) that built Otjikoto and other assets now in production.
- Equinox Gold Corp. Multi-asset gold producer with operations across the Americas, including recent Canadian greenstone acquisitions. Comparable as a larger gold-focused platform with both producing and development assets in jurisdictions overlapping BeMetals' footprint.
- Antofagasta Minerals: Major copper mining group that previously employed BeMetals CEO John Wilton as Regional Exploration Manager: Africa (2010–2017). Comparable because of copper expertise overlap and Wilton's familiarity with its exploration approach in Zambia-adjacent jurisdictions.
Direct peers
- Prospector Metals Corp. Canadian junior gold and base metals explorer being acquired by BeMetals. Highly comparable as a Discovery Group junior with multiple early-stage gold, nickel, copper, and PGE projects in Ontario and Newfoundland at similar stage and scale.
- First Mining Gold Corp. Canadian gold exploration and development company with a portfolio of multi-million-ounce gold assets across Canada. Comparable because BeMetals' VP of IR (Derek Iwanaka) previously led IR there, and the project-acquisition model and Canadian-listed junior status align.
- Marathon Gold Corp. Advanced-stage gold developer focused on the Valentine Lake project in central Newfoundland. Comparable because Marathon pursues district-scale gold systems in a Canadian greenstone setting analogous to BeMetals' Savant gold targets.
- Treasury Metals Inc. Canadian gold exploration and development company advancing the Goliath Gold Complex in northwestern Ontario. Comparable as a junior gold developer operating in similar Archean greenstone geology in the same broader Ontario jurisdiction.
- Ivanhoe Mines Ltd. Tier-one copper-focused miner with major operations in the DRC Copperbelt. Comparable because Ivanhoe's geological setting (Central African Copperbelt) is directly analogous to BeMetals' Pangeni Copper Project on the Zambian extension of the same belt.
- Trillium Gold Mines Inc. Canadian junior gold explorer with a district-scale land position in the Red Lake greenstone belt. Directly comparable to BeMetals' Savant Gold Project given overlapping geological setting and similar pre-resource exploration stage.
Others
- Kaminak Gold Corporation: Acquired by Goldcorp in 2016 for the Coffee Gold Project in the Yukon — a discovery credited in part to Clive Johnson's track record. Relevant peer because it represents the prior successful junior model BeMetals leadership has explicitly emulated.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
BeMetals social profiles
Digital presenceBeMetals financial estimates
Financial estimateRevenue estimate
Valuation estimate
BeMetals leadership team
Management profileNumber of profiles
Profiles9 records
BeMetals funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BeMetals 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 BeMetals
What does BeMetals do?
BeMetals is a junior mineral exploration company that acquires, explores, and advances precious and base metals projects across Canada, Zambia, and Japan. The company's portfolio includes the Savant Gold Project in Ontario (gold), the Pangeni Copper Project in the Zambian Copperbelt (copper), the Kazan Gold Project portfolio in Japan (gold), and projects in Newfoundland. BeMetals is pre-revenue and funds all exploration activities through equity financings, with strategic support from B2Gold Corp.
Is BeMetals a public or private company?
BeMetals is a public company. It is classified as public and is currently operating.
When was BeMetals founded?
BeMetals was founded in 2018. It employs 1 to 10 people.
Where is BeMetals based?
BeMetals is headquartered in Vancouver, Canada, in the North America region.
How does BeMetals make money?
One revenue line is on record: exploration Stage — No Operating Revenue.
Who are BeMetals's main competitors?
Broad incumbents on record are B2Gold Corp., Equinox Gold Corp. and Antofagasta Minerals. Direct peers are Prospector Metals Corp., First Mining Gold Corp., Marathon Gold Corp., Treasury Metals Inc., Ivanhoe Mines Ltd. and Trillium Gold Mines Inc.. Kaminak Gold Corporation is listed as an others.
Does BeMetals have an API?
No public API is recorded for BeMetals.