SLAM Exploration

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.

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

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

• Mineral exploration
• Gold exploration
• Copper nickel cobalt
• Critical minerals
• Project generator

Headquarters

HQ city

Miramichi

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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).
3. 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

Core 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

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Delbert Johnston, Tony Johnston, Milton Stewart, Aaron McBreairtyminorStrategic or Co-development Partner · 30 March 2026Arm'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.coreStrategic or Co-development Partner · 11 March 2026Nine 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.coreStrategic or Co-development Partner · 18 February 2026Option 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.minorStrategic or Co-development PartnerSLAM 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.minorStrategic or Co-development PartnerSLAM sold Ferguson Brook claim to Puma Explorations and retains a 2% NSR royalty on the property.
• Lode Gold Resources Inc.minorStrategic or Co-development PartnerSLAM 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.minorStrategic or Co-development PartnerSLAM 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

Direct 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

• Xx.com/SLAMGold
• Facebookfacebook.com/SLAMGOLD2?created#
• LinkedInlinkedin.com/company/slam-exploration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds6 records

Investors1 record

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 SLAM Exploration