Adelayde Exploration

What Adelayde Exploration does

Adelayde Exploration Inc. is a Canadian junior mining exploration company publicly listed on the Canadian Securities Exchange (CNSX: ADDY) and headquartered in Vancouver. The company is focused on early-stage exploration and development of critical and strategic mineral assets — specifically tungsten, antimony, lithium, and gold — with project locations in New Brunswick, Canada and Nevada, USA. Its portfolio includes the Sisson North Tungsten Project, the Sisson NW Tungsten Project (acquired October 2025), the George Lake South Antimony Project, a gold drill program in Esmeralda County (Nevada), and a joint-venture interest in Clayton Valley lithium brine exploration. The flagship tungsten assets directly border Northcliff Resources Ltd.'s Sisson Tungsten Mine, which has received approximately $29 million CAD in combined U.S. Department of Defense and Canadian government funding and has been designated a 'Nation-Building Project' by the Prime Minister of Canada. The company has engaged New-Sense Geophysics Ltd. to conduct helicopter-borne aeromagnetic, radiometric, and VLF geophysical surveys, reflecting a conventional exploration technology stack rather than proprietary technology.

Adelayde Exploration operates a pre-revenue business model with no commercial sales. The company finances exploration activities through equity private placements and a small debt facility; cumulative financings from late 2025 through early 2026 total approximately $5.3 million (including ~$5.2M in equity tranches and a $100,000 loan). Its go-to-market posture is event-driven rather than sales-led: the company targets Western government stakeholders and defence-industry entities, leveraging memberships in the Canadian Association of Defence and Security Industries (CADSI) and the U.S. National Defence Industrial Association (NDIA), and positions its project portfolio within the policy frameworks of Project Vault, the Critical Minerals Strategic Reserve, and the EU Critical Raw Materials Act — all aimed at reducing supply chain dependence on China for defence, semiconductor, and medical-technology applications. Future value creation is intended to flow from discovery and advancement of mineral resources that may eventually be sold to mining companies, government entities, or strategic offtake partners, though no such agreements are currently in place.

The company is led by CEO Conrad Clemiss and CFO Nancy Chow, and operates with a small team of 1–10 employees. Strategic communications are conducted primarily through press releases distributed via NewsFile Corp and through industry-association engagement rather than traditional product marketing. As a junior explorer at the earliest stage of the mining value cycle, Adelayde carries typical exploration-stage binary technical risk on each individual project, and its near-term trajectory depends on whether geophysical and drilling programs convert prospective targets into defined mineral resources.

Name

Adelayde Exploration

Legal name

Adelayde Exploration Inc.

Website

https://adelaydeexp.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Adelayde Exploration is a publicly listed Canadian junior mining explorer focused on critical and strategic minerals — tungsten, antimony, lithium, and gold. It operates early-stage projects in New Brunswick and Nevada, positioning within Western defence and government supply-chain diversification initiatives away from China.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Support Activities for Metal Mining (213114), Support Activities for Mining (2131)

SIC

Gold And Silver Ores (1040), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

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

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Shaft Sinking, Raise Boring & Underground Development Works (IMAKAOAC)

Keywords

• Mineral exploration
• Tungsten mining
• Antimony exploration
• Lithium brine exploration
• Gold drilling programs

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Pre-Revenue Exploration Stage: Early-stage exploration company with no current revenue. Generates potential future value through discovery and development of mineral resources (tungsten, antimony, lithium, gold). Company financed through equity private placements to fund exploration work programs.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

Adelayde Exploration is a junior mineral exploration company that identifies, acquires, and advances early-stage exploration projects targeting critical and strategic minerals—primarily tungsten and antimony in New Brunswick, Canada, alongside lithium brine and gold drilling programs in Nevada, USA. The company does not currently produce or sell minerals; rather, it conducts geophysical surveys, drilling programs, and property assessments to define resource potential for future development, joint venture, or sale to mining operators.

Product overview

Adelayde Exploration Inc. is a Canadian junior mining exploration company focused on critical and strategic minerals. The company operates a portfolio of exploration projects primarily in Canada (New Brunswick) and the United States (Nevada), with strategic emphasis on tungsten and antimony projects in New Brunswick that neighbor the government-supported Sisson Tungsten Mine. The product portfolio consists of early-stage exploration assets including the Sisson North Tungsten Project, Sisson NW Tungsten Project, George Lake South Antimony Project, Nevada gold drilling program, and Clayton Valley lithium brine exploration joint venture. The company is positioning itself to benefit from Western government initiatives to secure critical raw material supply chains independent of China.

Differentiator

Problem solved

Functional benefit

Products and services

• Sisson North Tungsten Project An early-stage tungsten exploration project in New Brunswick, Canada, strategically positioned adjacent to the government-supported Sisson Tungsten Mine operated by Northcliff Resources Ltd. The project is part of Adelayde's critical and strategic mineral portfolio targeting defense, semiconductor, and medical technology end markets.
• George Lake South Antimony Project An antimony exploration project located in New Brunswick, Canada, forming part of the company's critical and strategic mineral portfolio. Antimony is identified as a critical mineral for defense and security applications.
• Sisson NW Tungsten Project A tungsten project in New Brunswick bordering Northcliff Resources Ltd.'s Sisson Tungsten Mine, acquired to expand the company's tungsten holdings in the region. Sits adjacent to a mine that received approximately $29 million CAD in combined U.S. Department of Defense and Canadian government funding.
• Nevada Gold Drill Program A gold exploration drilling program in Esmeralda County, Nevada, funded through private placement financing of approximately $955,000 to support a 2025 drill campaign. Targets gold mineralization in a tier-one mining jurisdiction.
• Clayton Valley Lithium Brine Exploration (Joint Venture) A lithium brine exploration project in Clayton Valley, Nevada, conducted through a separate joint venture arrangement. Targets lithium resources associated with the broader Clayton Valley basin, a known lithium-producing region.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Canadian Association of Defence and Security Industries (CADSI)coreStrategic or Co-development Partner · 26 March 2026Membership provides access to defence industry forums, policy roundtables, and networking opportunities within Canada's defence and security community. Supports the company's critical and strategic mineral portfolio including Sisson North Tungsten Project.
• National Defence Industrial Association (NDIA)coreStrategic or Co-development Partner · 26 March 2026USA-based membership providing access to defense industry forums and networking. Management expects to leverage these relationships to advance mineral projects in both Canada and USA.
• New-Sense Geophysics Ltd.coreTechnology or Integration · 27 February 2026Engaged to conduct helicopter aeromagnetic/radiometric/VLF survey on the Sisson North tungsten project in New Brunswick. This is the primary exploration technical partner for geophysical data collection.
• Northcliff Resources Ltd.minorStrategic or Co-development Partner · 14 October 2025Sisson NW Tungsten Project acquisition borders Northcliff's Sisson Tungsten Mine. The neighboring mine was designated as a 'Nation-Building Project' and received approximately $29 million CAD in combined U.S. Department of Defense and Canadian Government funding.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Albemarle Corporation: World's largest lithium producer operating the Silver Peak lithium brine mine in Clayton Valley, Nevada — directly adjacent to Adelayde's lithium JV acreage. Comparable as the dominant incumbent in the same basin.
• Lithium Americas Corp. Major North American lithium developer with U.S. Department of Energy financing support. Comparable as a large, government-backed lithium developer pursuing U.S. supply-chain independence — a structural backdrop Adelayde's Clayton Valley exposure benefits from.

Direct peers

• Silver Elephant Mining Corp. Junior mining company with tungsten (Tigers Hole), silver, and antimony assets. Comparable as a small, multi-commodity explorer focused on critical and precious metals with similar market cap and stage profile.
• Perpetua Resources Corp. U.S.-listed developer of the Stibnite gold-antimony project in Idaho, positioned as a strategic domestic source of antimony for defense and industrial uses. Closely analogous critical/strategic mineral thesis (antimony + gold) under U.S. permitting jurisdiction.
• Military Metals Corp. Canadian-listed junior with tungsten, antimony, tin, and lithium properties across Europe. Directly comparable as a small-cap tungsten/antimony explorer leveraging the same Western defense-supply-chain narrative.
• Northcliff Resources Ltd. Operator of the adjacent Sisson Tungsten Mine in New Brunswick, designated a Canadian 'Nation-Building Project' with ~$29M CAD in U.S./Canadian government funding. Directly comparable as a New Brunswick tungsten developer with the same geology, jurisdiction, and end-market exposure.
• Nova Minerals Limited: Australian-listed junior with a portfolio spanning gold and lithium (Estelle project in Alaska). Comparable multi-commodity, multi-jurisdiction critical-minerals junior with similar capital-raising and exploration cadence.
• Fireweed Metals Corp. Canadian junior advancing the Mactung tungsten project in Yukon — one of the largest high-grade tungsten deposits in the world. Directly comparable critical-minerals tungsten developer targeting Western supply-chain security.
• Trigg Minerals Limited: Australian junior developing the Antimony Canyon tungsten-antimony-gold project in New South Wales. Analogous thesis: tungsten and antimony exposure aimed at defense supply chains, junior scale and exploration stage.

Others

• New-Sense Geophysics Ltd. Geophysical survey contractor engaged by Adelayde to fly the Sisson North helicopter aeromagnetic/radiometric/VLF survey. Included as an ecosystem/service provider rather than a competing explorer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Spearmint_Res

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 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 Adelayde Exploration