SLAM Exploration
SLAM Exploration Ltd. (TSXV: SXL; OTCQB: SXLXF) is a Canadian junior mining explorer operating as a project generator across 11 mineral claim packages (40,000–56,000 hectares) in New Brunswick's Bathurst Mining Camp, targeting gold, copper-nickel-cobalt, antimony, and zinc. The company advances claims via VTEM geophysics and diamond drilling, then options projects to partner juniors for staged cash, shares, and NSR royalties.
- Company typePublic
- Founded1996
- HeadquartersMiramichi, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What SLAM Exploration does
SLAM Exploration Ltd. (TSXV: SXL; OTCQB: SXLXF) is a Canadian junior mineral exploration company headquartered in Miramichi, New Brunswick, operating as a project generator across 11 mineral claim packages totaling 40,000–56,000 hectares in New Brunswick's Bathurst Mining Camp. Founded in 1996 and TSX-Venture listed since February 2000, the company explores for gold, copper, nickel, cobalt, antimony, zinc, and silver through wholly-owned and optioned assets including the Goodwin copper-nickel-cobalt project (drill intercept 64.90 m grading 2.19% Cu-Eq), Jake Lee–Love Lake gold project (channel samples up to 40.5 g/t Au), Menneval gold project (intercepts up to 162.5 g/t Au and 3,955 g/t Au over 0.1 m), Mine Road VMS zinc-lead-copper-silver project, and Harry Brook gold-antimony project.
The technical approach combines VTEM (Versatile Time Domain Electromagnetic) surveys — covering 432 anomalies and 24 modeled plate conductors on the Goodwin project — with Induced Polarization geophysics, diamond drilling, soil geochemistry, channel sampling, and light AI-assisted target generation. As of 2026, the company has completed 25+ drill holes on the Goodwin project's Logan, Granges, and Farquharson zones across the 2024–2025 campaigns and is mobilizing a 7,000-meter drill program at Jake Lee. A June 2026 intercept of over 30 m of massive sulfide mineralization in hole GW26-29 validated the VTEM targeting model.
SLAM's business model is a project generator: the company acquires and advances mineral claims, then options or sells them to other junior miners in exchange for staged cash payments, share issuances, and retained NSR royalties (typically 1–2%). Counterparties include Nine Mile Metals (Wedge), Stratabound Minerals (Ramsay Brook), Puma Explorations (Ferguson Brook), S2 Minerals (Reserve Creek), Lode Gold Resources (Ramsay gold), and Great Atlantic Resources (Mount Raymond option-in). Revenue is therefore episodic, transaction-based, and supplemented by a small NBJMAP government grant ($45,000); the company is pre-revenue with respect to mineral production. Capital is raised through non-brokered private placements (CAD ~$5M aggregated in 2025–early 2026), and shares trade on TSX Venture with US access via OTCQB and DTC eligibility obtained in April 2026. The leadership team comprises President & CEO Mike Taylor, VP & Director Jimmy Gravel, and CFO Jim Henning, supported by Exploration Manager John Dinan, P.Geo. and a small 1–10 person headcount.
SLAM Exploration firmographics
Firmographics- Name
- SLAM Exploration
- Legal name
- SLAM Exploration Ltd.
- Website
- https://slamexploration.com
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SLAM Exploration Ltd. (TSXV: SXL; OTCQB: SXLXF) is a Canadian junior mining explorer operating as a project generator across 11 mineral claim packages (40,000–56,000 hectares) in New Brunswick's Bathurst Mining Camp, targeting gold, copper-nickel-cobalt, antimony, and zinc. The company advances claims via VTEM geophysics and diamond drilling, then options projects to partner juniors for staged cash, shares, and NSR royalties.
- Ownership category
- akta.pro rank
SLAM Exploration industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Mining (2131)
- SIC
- Gold And Silver Ores (1040), 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
Where SLAM Exploration is headquartered
LocationHeadquarters
- HQ city
- Miramichi
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
SLAM Exploration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Project Generation and Option Agreements: Company acquires mineral claims and advances them through exploration, then options or sells projects to other companies in exchange for cash payments, share issuances, and NSR royalties. SLAM has received payments from Nine Mile Metals (Wedge project), Stratabound Minerals (Ramsay Brook), Puma Explorations (Ferguson Brook), and others.
- NSR Royalty Holdings: Company retains 2% NSR royalties on various sold properties including Ramsay Brook (sold to Stratabound), Ferguson Brook (sold to Puma), and maintains royalties on Wedge and Ramsay gold projects. Also holds 1% NSR on Coulee claim (sold to Osisko) and 1% NSR on Superjack and Nash projects (Callinex).
- Property Option Payments: Received cash and share payments from option agreements including $150,000 cash and 50,000 shares from S2 Minerals (Reserve Creek), 534,000 shares and 333,000 warrants from Nine Mile Metals (Wedge), $25,000 cash plus 2,500,000 shares of Lode Gold Resources (Ramsay).
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
SLAM Exploration product offering
Product offeringCore offering
SLAM Exploration Ltd. is a Canadian junior mining exploration company operating as a project generator. It acquires and advances mineral claims in New Brunswick for gold, copper, nickel, cobalt, antimony, zinc, and silver, then options or sells the projects to other mining companies in exchange for cash payments, share issuances, and NSR (Net Smelter Return) royalties. The company retains royalties on sold properties and continues exploring its flagship assets.
Product overview
SLAM Exploration Ltd. is a Canadian mineral exploration company operating as a project generator with a portfolio of exploration projects in New Brunswick. The company explores for gold, copper, zinc, nickel, cobalt, and antimony across its projects. The core portfolio includes the Goodwin Copper-Nickel-Cobalt Project (copper-nickel-cobalt), Jake Lee - Love Lake Gold Project (gold), Menneval Gold Project (gold), Mine Road Project (zinc-lead-copper-silver), Harry Brook Gold-Antimony Project (gold-antimony), and Moose Lake Antimony Project (antimony).
Differentiator
Problem solved
Functional benefit
Products and services
- Goodwin Copper-Nickel-Cobalt Project A copper-nickel-cobalt exploration project in New Brunswick's Bathurst Mining Camp covering approximately 14,000 hectares with significant drilling intercepts including 64.90m grading 2.19% Cu-Eq and a 26.10m continuous massive sulfide intercept. VTEM survey identified 432 anomalies and 24 modeled conductors providing proprietary drill targets.
- Jake Lee - Love Lake Gold Project A gold exploration project where SLAM discovered a new gold vein with grab samples ranging from 7.42 to 94.80 g/t gold, located in southwestern New Brunswick. Subject of a 7,000-meter diamond drilling campaign and recipient of a $45,000 New Brunswick Junior Mining Assistance Program grant.
- Menneval Gold Project A wholly-owned gold exploration project with high-grade intercepts including 162.5 g/t gold over 0.2m and 3,995 g/t Au over 0.1m, covering 5,275 hectares in New Brunswick. Multiple gold veins have been discovered.
- Mine Road Project A 100% owned zinc-lead-copper-silver exploration project adjacent to the Heath Steele Mine property, covering 8,230 hectares with VMS (Volcanogenic Massive Sulfide) mineral occurrences.
- Harry Brook Gold-Antimony Project A gold-antimony exploration project hosting high-grade quartz float grading 1,320 g/t gold and antimony float grading 24.25% antimony, covering approximately 4,415 hectares in New Brunswick.
- Moose Lake Antimony Project An antimony exploration project acquired through an arm's length option agreement covering 3,567 hectares with three antimony showings grading up to 4.32% antimony and 0.894 g/t gold in New Brunswick.
Quantifiable outcome
- 64.90m grading 2.19% Cu-Eq including 31.20m at 3.84% Cu-Eq from hole GW24-02 at Goodwin
- +2 more outcomes
Companies that use SLAM Exploration
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
SLAM Exploration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SLAM Exploration partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Delbert Johnston, Tony Johnston, Milton Stewart, Aaron McBreairtyminorArm's length option agreement signed March 30, 2026 for the Moose Brook antimony project comprising 2 mineral claims with three antimony showings grading up to 4.32% antimony and 0.894 g/t gold. SLAM must pay CAD $80,000 and issue 600,000 shares over 3 years. Optionors retain 2% NSR with SLAM having right to buy back 1% for $1,000,000.
- Nine Mile Metals Inc.coreNine Mile Metals is acquiring 100% of the Wedge Project from SLAM through installment payments. In 2026, Nine Mile paid $40,000 cash and issued 300,000 shares with final payment of $50,000 and 400,000 shares due February 2027. SLAM retains NSR royalties on the Wedge copper zinc project. Nine Mile recently completed Phase 2 drilling at Wedge Mine and plans Phase 3 drilling.
- Great Atlantic Resources Corp.coreOption agreement signed February 18, 2026 granting SLAM Exploration a three-year option to acquire 100% interest in the Mount Raymond cobalt-copper-nickel-vanadium property in New Brunswick. SLAM must pay CAD $82,500, issue 675,000 common shares, and incur $200,000 in qualifying expenditures. Upon completion, Great Atlantic retains a 2% NSR royalty with SLAM holding option to repurchase 1% for $1,000,000. The 175-hectare claim expands the Goodwin project to 12,500 hectares.
- Stratabound Minerals Inc.minorSLAM sold Ramsay Brook claims to Stratabound for $40,000 cash plus 700,000 Stratabound shares with additional $430,000 to be paid over 4 years. SLAM retains 2% NSR royalty on the property.
- Puma Explorations Inc.minorSLAM sold Ferguson Brook claim to Puma Explorations and retains a 2% NSR royalty on the property.
- Lode Gold Resources Inc.minorSLAM received cash payment of $60,000 plus 180,000 shares of a private company pursuant to the Ramsay gold agreement, with additional share payments expected. SLAM holds NSR royalties on the Ramsay gold project.
- S2 Minerals Inc.minorSLAM received $150,000 cash and 50,000 shares from S2 Minerals on December 19, 2023 pursuant to the Reserve Creek gold agreement.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
SLAM Exploration competitors and assessment
Company assessmentDirect peers
- Brunswick Exploration Inc. New Brunswick-focused junior explorer with a portfolio of critical-minerals and gold projects in the Bathurst Mining Camp; the most directly comparable single-jurisdiction explorer to SLAM.
- Puma Exploration Inc. Atlantic Canada junior gold/base-metals explorer that holds the Ferguson Brook claim optioned from SLAM, with overlapping New Brunswick project focus and similar market-cap profile.
- Callinex Mines Inc. VMS-focused junior with the Nash Creek and Superjack projects in New Brunswick — projects on which SLAM holds a 1% NSR — making Callinex a directly comparable Bathurst Mining Camp operator.
- Stratabound Minerals Corp. Counterparty on the Ramsay Brook option agreement and a New Brunswick-focused junior explorer; comparable in scale, jurisdiction, and base-metals exploration stage.
- Nine Mile Metals Ltd. Junior VMS/base-metals explorer in the Bathurst Mining Camp and SLAM's Wedge Project optionee — same geological belt, similar commodities (Cu-Zn), and similar size/listing profile.
Broad incumbents
- Osisko Metals Incorporated: Larger established base-metals developer with the Pine Point and Bathurst Mining Camp zinc-lead projects; a broad incumbent in the same geological district and counterparty on SLAM's Coulee NSR.
Regional players
- Marathon Gold Corporation: Atlantic Canada gold developer (Valentine Lake, Newfoundland) operating in the same regional jurisdiction but at a more advanced permitting/DFS stage than SLAM.
- Troilus Gold Corp. Canadian gold-copper developer with the Troilus project in Quebec; comparable junior-mid-tier gold/copper exploration-to-development model in Eastern Canada.
Emerging players
- S2 Minerals Inc. Early-stage Canadian gold explorer that optioned the Reserve Creek project from SLAM; comparable in size and exploration-stage maturity.
- Lode Gold Resources Inc. Counterparty on SLAM's Ramsay gold option agreement; a small-cap gold exploration peer sharing project-level economics with SLAM.
Market position
Strengths1 record
Competitive moat4 records
Customer concentration
SLAM Exploration social profiles
Digital presenceSLAM Exploration financial estimates
Financial estimateRevenue estimate
Valuation estimate
SLAM Exploration leadership team
Management profileNumber of profiles
Profiles1 record
SLAM Exploration funding detail
Funding detailFunding overview
Funding rounds6 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SLAM 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 SLAM Exploration
What does SLAM Exploration do?
SLAM Exploration Ltd. is a Canadian junior mining exploration company operating as a project generator. It acquires and advances mineral claims in New Brunswick for gold, copper, nickel, cobalt, antimony, zinc, and silver, then options or sells the projects to other mining companies in exchange for cash payments, share issuances, and NSR (Net Smelter Return) royalties. The company retains royalties on sold properties and continues exploring its flagship assets.
Is SLAM Exploration a public or private company?
SLAM Exploration is a public company. It is classified as public and is currently operating.
When was SLAM Exploration founded?
SLAM Exploration was founded in 1996. It employs 1 to 10 people.
Where is SLAM Exploration based?
SLAM Exploration is headquartered in Miramichi, Canada, in the North America region.
How does SLAM Exploration make money?
Three revenue lines are on record. Project Generation and Option Agreements are the primary driver. The others are NSR Royalty Holdings and property Option Payments.
Who are SLAM Exploration's main competitors?
Direct peers on record are Brunswick Exploration Inc., Puma Exploration Inc., Callinex Mines Inc., Stratabound Minerals Corp. and Nine Mile Metals Ltd.. Osisko Metals Incorporated is listed as a broad incumbent. Regional players are Marathon Gold Corporation and Troilus Gold Corp.. Emerging players are S2 Minerals Inc. and Lode Gold Resources Inc..
Does SLAM Exploration have an API?
No public API is recorded for SLAM Exploration.
What industry is SLAM Exploration in?
SLAM Exploration's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling), with a secondary code of IMAKADAA, Copper Exploration & Resource Development. Its NAICS code is 21222 and its SIC code is 1040.