Pelangio Exploration
- Company typePublic
- Founded1998
- HeadquartersBurlington, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
Pelangio Exploration firmographics
Firmographics- Name
- Pelangio Exploration
- Legal name
- Pelangio Exploration Inc.
- Website
- https://pelangio.com
- Company type
- Public
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Pelangio Exploration industry classification
Industry- Product category
- Gold Mineral Exploration
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Pelangio Exploration is headquartered
LocationHeadquarters
- HQ city
- Burlington
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
Pelangio Exploration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Pre-revenue Mineral Exploration: Pelangio is a pre-revenue junior gold exploration company. Recent financial figures cited in third-party comparison show a net loss of $550,000 (versus $11.91 billion revenue for Agnico Eagle Mines). No commercial gold production or product revenue is currently generated.
- Alluvial Gold Option / Royalty Revenue (Future): Option agreements with Minatura Alluvials Co. LLC to mine alluvial gold at Obuasi Property (Kyereboso 2 and Kyereboso 3 concessions), with Pelangio retaining bedrock mining rights and either a 50:50 interest in any production company or a sliding scale net smelter return royalty. Also holds net smelter return royalties on Dome West, Birch Lake and other properties.
- Property Option / Earn-In Income: Earns cash payments, share issuances, and work commitments from third parties (Pancontinental Resources, Roscan Minerals, Amex Exploration, Noka Resources) in exchange for optioning exploration properties. These produce near-term revenue from cash and equity while retaining residual interests or royalties.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Private placement of units (common shares + warrants) with negotiated pricing per tranche |
| One time/ perpetual license | Pay-as-you-go | Flow-through share financing for qualifying Canadian exploration expenses |
| Other | Pay-as-you-go | Warrant exercises generating capital |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels9 records
Pelangio Exploration product offering
Product offeringCore offering
Pelangio Exploration is a pre-revenue junior gold exploration company that identifies, advances, and de-risks camp-sized mineral exploration projects in proven gold belts in Ghana (Manfo, Obuasi, Dankran) and Canada (Ontario, Saskatchewan). The company applies advanced exploration techniques including diamond drilling, deep-penetrating controlled-source electromagnetic (CSEM) surveys, AI-based predictive mineral mapping, geochemistry, and geological mapping to advance its land packages toward potential development.
Product overview
Pelangio Exploration Inc. is a junior gold exploration company operating a portfolio of distinct, geographically diversified mineral exploration projects rather than a unified software product. The portfolio is organized around two regional pillars — Ghana and Canada — anchored by flagship gold assets (the Manfo Project in Ghana and a suite of Ontario properties) and complemented by an early-stage Ghana battery-metals joint venture exposure. In Ghana, the core offerings are the Manfo Project (with sub-prospects Pokukrom, Nkansu, Nfante, and Sika North Odumasi), the Obuasi Project (adjacent to AngloGold Ashanti's Obuasi Mine), the Dankran Project, and the broader Akroma Property group (Dormaa, Wamfie). In Canada, the offerings include the Birch Lake, Grenfell, and Kenogaming properties in Ontario, the Dome West and Dalton properties in Timmins, the Hailstone Property in Saskatchewan, and the Poirier Gold Property. Pelangio has also historically held the Strachan, Montcalm, and Nova battery-metals (Cu-Ni-Co) properties, which are under option to Pancontinental Resources. Exploration activities apply advanced techniques including CSEM geophysical surveys, AI-driven predictive mapping, geochemistry, geological mapping, and diamond drilling.
Differentiator
Problem solved
Functional benefit
Products and services
- Manfo Gold Project
Quantifiable outcome
- Manfo Pokukrom East drill hole SPDD26-008 extended higher-grade gold shoot 150 meters further north, intercepting 26m of 2.99 g/t Au including 6m of 11.74 g/t Au and 2m of 27.95 g/t Au
- +5 more outcomes
Companies that use Pelangio Exploration
Customer profileSegments3 records
Ideal customer profiles3 records
Pelangio Exploration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability2 records
Feature5 records
Pelangio Exploration partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered major - flagship neighbor and geological analogue, important - executing flagship 2026 geophysical program, minor, minor - early-stage saskatchewan project, important - proprietary ai targeting capability, important - access enabler, important - optioned dome west acquisition, major - flagship montcalm-area battery metals partnership, major - established jv on dormaa project and significant - potential near-term alluvial revenue.
- AngloGold Ashantimajor - flagship neighbor and geological analoguePelangio's Obuasi Property is located 4 km on strike and adjacent to AngloGold Ashanti's prolific, high-grade Obuasi Mine, which has produced over 30 million ounces of gold since 1897. In February 2026, the companies coordinated parallel deep-penetrating CSEM surveys on adjoining properties. The relationship is geological/structural rather than contractual: AngloGold operates its own mine while Pelangio advances its adjacent concessions, and the parallel surveys enable direct comparative targeting at depths up to 1+ kilometre.
- SEMS Exploration Services (Ghana)important - executing flagship 2026 geophysical programEngaged to conduct deep-penetrating controlled-source electromagnetic (CSEM) surveys on Pelangio's Obuasi and Manfo projects in Ghana. Obuasi survey covers 9.2 km² with 295 stations at 170-meter spacing; Manfo survey covers 2.8 km² with 100 stations. Surveys commenced mid-April 2026 with approximately two months of field work plus one month for 3D inversion modelling and reporting. Targets mineral deposits at depths up to 1+ kilometre.
- Amex Exploration Inc.minorGranted extension on Gowan Property option to Amex Exploration Inc.
- First Geolas Consultingminor - early-stage saskatchewan projectBinding Letter of Intent for Pelangio to acquire up to a 90% interest in seven mineral claims (Hailstone Property) in the La Ronge area, Saskatchewan. Two-stage option: First Option for 51% via 50,000 shares, $25,000 cash, and $135,000 in work commitments over two years; Second Option for an additional 39% via $50,000 cash and $150,000 in expenditures, with a 1.5% NSR royalty granted at the end of the first option. Vendors operate during the option period.
- Beak Consultants GmbHimportant - proprietary ai targeting capabilityEngaged to undertake mineral predictive mapping at Obuasi Property using Beak's advangeo Prediction Software, an artificial neural network-based data mining software for spatial event prediction in exploration targeting. Preliminary results validated several of Pelangio's targets, particularly at NGA and on the main trend, leading to a planned follow-on project. Beak won the 2017 Mineral Prospectivity Contest at the BRGM conference in Orleans, France.
- Goldcorp Canada Ltd. / Newmont Goldcorpimportant - access enablerSigned access agreement with Goldcorp Canada Ltd. (now Newmont Goldcorp) to facilitate drilling on the Dome West property, which can only be accessed via Goldcorp's Dome Mine surface holdings. Helicopter-supported drill program planned in April 2019; access agreement later extended to facilitate prospecting on the V1 target.
- Francois Desrosiers and 6398651 Canada Inc.important - optioned dome west acquisitionOption agreement to acquire a 100% interest in the Dome West property (10 mining cells, 56 hectares) in Tisdale Township, Timmins, Ontario, located 800m west of Goldcorp's Dome Mine and adjacent to the former Paymaster Mine. Total consideration: 500,000 shares, $220,000 cash over four years and $750,000 in exploration expenditures. Vendors receive a 3% NSR royalty, 1% of which can be purchased back for $1,000,000. Pelangio is project operator.
- Pancontinental Resources Corporation (Pancon)major - flagship montcalm-area battery metals partnershipBinding letter of intent under which Pancon can earn up to a 75% interest in the Strachan Property over three years through issuance of 400,000 common shares, $40,000 in four equal cash instalments, and a $250,000 work commitment; an additional 15% can be earned via a further $500,000 in expenditures. Strachan is the third copper-nickel-cobalt property optioned to Pancon in the Montcalm battery metals district, alongside Pelangio's 50% interest in the Nova and Montcalm properties. On earn-in completion, Pancon must pay Pelangio $52,500 cash and 450,000 shares for the Montcalm and Nova properties. Pelangio retains a residual 25% interest in Strachan plus royalties.
- Noka ResourcesminorPelangio optioned its Ontario Birch Lake Property to Noka Resources.
- Roscan Minerals Corporationmajor - established jv on dormaa projectOption and joint venture agreement (dated November 7, 2016, amended February 14, 2017) under which Roscan can earn a 50% interest in the Dormaa Project in Ghana. To earn in, Roscan must fund $2,000,000 in exploration expenditures ($150,000 already received by March 2017) and pay Pelangio an aggregate of $160,000 in cash. Pelangio operates the initial exploration program. Dormaa is an 86.44 km² concession with 13 significant gold-in-soil anomalies identified from earlier work.
- Minatura Alluvials Co. LLCsignificant - potential near-term alluvial revenueTwo option agreements under which Minatura may mine alluvial gold on two of the Obuasi concessions (Kyereboso 2 and Kyereboso 3) while Pelangio retains all mining rights to any bedrock mineralization. To earn a 50% interest, Minatura must deliver a feasibility study, a construction recommendation, a development schedule, and a comprehensive budget. Pelangio retains a sliding scale net smelter return royalty if it declines the production recommendation. Minatura has completed over 400 pits, obtained bulk sampling permits, and moved a processing plant to site. Subject to regulatory and ministerial approvals in Ghana and Canada.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Pelangio Exploration competitors and assessment
Company assessmentRegional players
- West African Resources Limited: West Africa-focused gold developer/producer (Sanbrado, Kiaka); operates in the same Birimian gold belt and competing for the same exploration and capital pools in Ghana/Burkina Faso.
Direct peers
- First Mining Gold Corp. Canadian junior gold developer with Springpole (Ontario) — adjacent to Pelangio's Birch Lake — and other Canadian gold assets; directly comparable stage and asset geography.
- Amex Exploration Inc. Canadian junior gold explorer (Quebec-focused) currently optioning Pelangio's Gowan Property; similar micro-cap profile and junior exploration model.
- Pancontinental Resources Corporation: Junior explorer that holds options on three of Pelangio's Montcalm-area battery-metal (Cu-Ni-Co) projects; comparable size, junior stage, and project generation approach.
- Roscan Minerals Corporation: Junior gold explorer with a JV/option earn-in on Pelangio's Dormaa Project in Ghana; comparable size, geography (West Africa gold belt), and stage of exploration.
- Newcore Gold Ltd. Junior gold explorer focused on the Enchi Gold Project in Ghana; similar market cap tier, jurisdiction focus, and pre-resource/resource-stage development profile.
- Cardinal Resources Limited: Ghana-focused gold explorer (Namdini project) acquired by Nordgold in 2020; highly comparable geology, jurisdiction, and resource-stage strategy to Pelangio's Ghana portfolio.
Broad incumbents
- IAMGOLD Corporation: Mid-tier gold producer with assets in West Africa (Boto, Essakane) and Canada; comparable multi-jurisdiction gold strategy though at materially larger scale and producer stage.
- AngloGold Ashanti plc: Operator of the adjacent 30+ Moz Obuasi Mine; the geological analogue and direct on-strike neighbor of Pelangio's Obuasi Property, making it the reference benchmark for target generation.
- Perseus Mining Limited: Mid-tier gold producer operating Edikan in Ghana and Sissingué in Côte d'Ivoire; same West African gold-belt strategy as Pelangio but at producing, multi-asset scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Pelangio Exploration social profiles
Digital presencePelangio Exploration financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pelangio Exploration leadership team
Management profileNumber of profiles
Profiles10 records
Pelangio Exploration subsidiaries and ownership
Company hierarchySubsidiaries2 records
Pelangio Exploration funding detail
Funding detailFunding overview
Funding rounds6 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pelangio Exploration 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 Pelangio Exploration
What does Pelangio Exploration do?
Pelangio Exploration is a pre-revenue junior gold exploration company that identifies, advances, and de-risks camp-sized mineral exploration projects in proven gold belts in Ghana (Manfo, Obuasi, Dankran) and Canada (Ontario, Saskatchewan). The company applies advanced exploration techniques including diamond drilling, deep-penetrating controlled-source electromagnetic (CSEM) surveys, AI-based predictive mineral mapping, geochemistry, and geological mapping to advance its land packages toward potential development.
Is Pelangio Exploration a public or private company?
Pelangio Exploration is a public company. It is classified as public and is currently operating.
When was Pelangio Exploration founded?
Pelangio Exploration was founded in 1998. It employs 1 to 10 people.
Where is Pelangio Exploration based?
Pelangio Exploration is headquartered in Burlington, Canada, in the North America region.
How does Pelangio Exploration make money?
Three revenue lines are on record. Pre-revenue Mineral Exploration is the primary driver. The others are alluvial Gold Option / Royalty Revenue (Future) and property Option / Earn-In Income.
Who are Pelangio Exploration's main competitors?
West African Resources Limited is listed as a regional player. Direct peers are First Mining Gold Corp., Amex Exploration Inc., Pancontinental Resources Corporation, Roscan Minerals Corporation, Newcore Gold Ltd. and Cardinal Resources Limited. Broad incumbents are IAMGOLD Corporation, AngloGold Ashanti plc and Perseus Mining Limited.
Does Pelangio Exploration have an API?
No public API is recorded for Pelangio Exploration.
What industry is Pelangio Exploration in?
Pelangio Exploration's product category is Gold Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development. Its SIC code is 1040.