Tocvan Ventures

What Tocvan Ventures does

Tocvan Ventures Corp. is a publicly traded Canadian mineral exploration and development company (CSE: TOC, OTCQB: TCVNF, FSE: TV3) headquartered in Calgary, Alberta, with field operations centered in Sonora, Mexico. The company is in a deliberate transition from a junior explorer to a near-term gold-silver producer, anchored by the Gran Pilar flagship project spanning over 21 km² and the adjacent El Picacho project covering 24 km² in the Caborca Orogenic Gold Belt. As of July 2026, approximately 78.7 million shares are outstanding and the company has consolidated 100% ownership of Gran Pilar through a July 2026 definitive agreement to acquire the remaining 49% from Colibri Resources for CAD $3.6 million.

The company is currently pre-revenue ($0 reported across 2022-2025) but is constructing a fully permitted 50,000-tonne heap-leach pilot mine facility at Gran Pilar, secured under a 10-year permit (August 2025) and a 6-year Community Agreement (May 2026), with first gold-silver doré production targeted for Q4 2026 and an initial 50,000 oz/year run-rate goal. The technical foundation rests on over 30,000 meters of historic drilling, robust metallurgy (up to 99% gold and 97% silver recovery in testing, 70% targeted via heap leach), a 235.66 line-kilometer drone magnetic survey, and AI-assisted prospectivity mapping through a partnership with VRIFY Technology Inc. (DORA platform). Future revenue mechanics are commodity sales of doré bars to refineries/offtakers; near-term revenue remains zero pending first pour.

The business model is a capital-markets-driven development cycle: equity raised through private placements and a CAD $10 million bought deal (February 2026, led by Stifel Canada) funds exploration, drilling, and pilot mine construction, while investor-facing marketing (OTCQB Virtual Investor Conference, webinars, corporate presentations) supports ongoing capital formation. Customers are effectively institutional and retail mining-sector investors today; once production begins, downstream offtake relationships with precious-metals refineries will constitute the commercial revenue channel. A July 2026 executive restructuring (Sutherland to Executive Chair, Gordon to CEO, Calles-Montijo to President) plus the appointment of Darin Wagner as Special Advisor and Anna Ladd-Kruger as Independent Director have aligned the leadership team with the development-to-production pivot.

Name

Tocvan Ventures

Legal name

Tocvan Ventures Corp.

Website

https://tocvan.com

Company type

Public

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Tocvan Ventures is a pre-revenue Canadian gold-silver explorer and developer transitioning to near-term production through its fully permitted 50,000-tonne heap-leach pilot mine at the 100%-owned Gran Pilar project in Sonora, Mexico, with first doré pour targeted for Q4 2026.

Ownership category

akta.pro rank

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Gold-Silver Production Revenue: Future revenue from gold-silver doré production at the Gran Pilar pilot mine, targeting first pour in Q4 2026. The 50,000-tonne heap leach facility will process at-surface gold mineralization to generate initial revenues and operational cashflow.
2. NSR Royalty Buyback Rights: Upon acquiring 100% of the Gran Pilar project from Colibri Resources, Tocvan retains the right to repurchase a 1% NSR royalty for CAD$1 million at any time, potentially reducing future production costs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Tocvan Ventures is a publicly traded gold-silver exploration and development company advancing its flagship Gran Pilar Gold-Silver Project in Sonora, Mexico toward near-term production through a fully permitted pilot mine utilizing heap leach processing. The company also holds the El Picacho Gold-Silver Project and pursues exploration targeting via AI-driven prospectivity partnerships with VRIFY. Revenue, once production commences, will be generated from the sale of gold and silver doré plus third-party Net Smelter Return (NSR) royalty interests on certain concessions.

Product overview

Tocvan Ventures is a gold-silver exploration and development company operating in Sonora, Mexico. The company's portfolio consists of three main assets: the Gran Pilar Gold-Silver Project (flagship), the Gran Pilar Pilot Mine (near-term production facility), and the El Picacho Gold-Silver Project (secondary growth engine). The Gran Pilar Pilot Mine represents the company's transition from exploration to production through a 50,000-tonne heap-leach facility, while El Picacho provides additional exploration upside in the same proven mining jurisdiction.

Differentiator

Problem solved

Functional benefit

Products and services

• Gran Pilar Gold-Silver Project Flagship gold-silver exploration and development project located in Sonora, Mexico, being advanced toward near-term production via a fully permitted pilot mine; the company's primary asset and revenue-generating target once doré production commences.
• Gran Pilar Pilot Mine Fully permitted pilot mine facility at Gran Pilar, designed to produce gold-silver doré via heap leach processing and serve as the company's pathway to near-term production and commercial revenue.
• El Picacho Gold-Silver Project Secondary gold-silver exploration and development project held by Tocvan in Sonora, Mexico, providing additional district-scale growth optionality alongside the flagship Gran Pilar asset.

Quantifiable outcome

• 215m of 0.6 g/t Au from 36.6m downhole in hole JES-26-155 - one of the best intercepts on the project to date
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core and supporting.

• VRIFY Technology Inc.coreTechnology or Integration · 13 March 2026Strategic partnership to integrate VRIFY Predict (DORA) AI prospectivity mapping software at the Gran Pilar Gold-Silver Project. The collaboration combines VRIFY's AI capabilities with Tocvan's existing geological dataset from drilling, surface geochemistry, and geophysical surveys to generate and prioritize high-confidence exploration targets across the district-scale land position. This initiative reflects Tocvan's strategy of blending traditional fieldwork with AI technology to accelerate discovery in one of Mexico's most prolific mining regions.
• Zonge International, Inc.supportingTechnology or IntegrationGeophysical survey contractor engaged to conduct high-resolution drone-based airborne magnetic survey covering the entire Gran Pilar Gold-Silver Project. The survey encompassed 70 east-west lines spaced 100 meters apart, totaling 235.66 line-kilometers. Data revealed subsurface features coinciding with known areas of mineralization while outlining extensions into unexplored areas.

Scale indicators7 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Argonaut Gold: Gold producer with operating mines and development projects in Sonora, Mexico—the same state as Tocvan's Gran Pilar. Directly comparable as a Mexico-focused gold-silver operator pursuing near-term production in the same jurisdiction.
• SilverCrest Metals: Sonora, Mexico-focused gold-silver developer with the Las Chispas mine, providing a directly comparable precedent for transitioning from exploration to production in the same Mexican mining state as Tocvan's assets.
• Minaurum Gold: Junior gold-silver explorer with district-scale land holdings in Sonora, Mexico. Closely comparable as a peer-stage Mexico precious-metals explorer advancing drill campaigns with similar capital structure and project profile to Tocvan.
• GoGold Resources: Mexico-focused gold-silver producer with the Parral Tailings project and exploration in Chihuahua. Comparable as a junior-to-mid-tier Mexico gold-silver operator with heap-leach processing and near-term production focus similar to Tocvan's pilot mine plan.
• MAG Silver: Mexico-focused silver-gold explorer/developer with the Juanicipio joint venture in Zacatecas. Comparable as a publicly traded precious-metals developer operating in top Mexican mining jurisdictions with district-scale exploration upside analogous to Tocvan's Gran Pilar.
• Bear Creek Mining: Pre-production gold-silver developer advancing the Mercedes mine in Sonora, Mexico and Corani project in Peru. Comparable as a peer-stage developer in the same Mexican mining jurisdictions, with similar pre-revenue/permitting profile to Tocvan's Gran Pilar.
• Defiance Silver: Junior silver-gold explorer with projects in Zacatecas and Sonora, Mexico. Comparable as a small-cap Mexico-focused precious-metals explorer with similar capital markets profile, share structure, and exploration-stage milestones to Tocvan.

Broad incumbents

• Alamos Gold: Intermediate gold producer with major operations in Sonora, Mexico (Mulatos, Cerro Pelón). Comparable as a larger, established operator in the same jurisdiction—useful benchmark for permitting, infrastructure, and production economics that Tocvan's pilot aims to demonstrate.
• First Majestic Silver: Established silver-gold producer with multiple Mexican mining operations. Comparable as a broader incumbent in the Mexican precious-metals space, providing a mature reference point for the regional operating environment Tocvan is entering.
• Coeur Mining: Diversified precious-metals producer with the Palmarejo silver-gold mine in Chihuahua, Mexico. Comparable as a senior producer in Mexico providing a benchmark for grade, scale, and capital costs relevant to Tocvan's exploration-to-production transition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/tocvanventures
• YouTubeyoutube.com/@tocvanventures
• Facebookfacebook.com/tocvanventures
• Instagraminstagram.com/tocvanventures
• LinkedInlinkedin.com/company/tocvan-ventures-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds5 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 Tocvan Ventures