Grizzly Discoveries

What Grizzly Discoveries does

Grizzly Discoveries Inc. is a publicly listed junior mineral exploration company (TSX-V: GZD; OTCQB: GZDIF; FWB: G6H) headquartered in Edmonton, Alberta. Originally incorporated as Grizzly Diamonds Ltd. in 2004 and rebranded in 2011, the company has shifted from a single-commodity diamond explorer to a diversified precious and critical minerals explorer operating across British Columbia, Alberta, and Ontario. The company employs 1-10 staff and outsources drilling and geophysical work to specialist contractors.

The company's core asset is the ~72,700 hectare Greenwood Project in southeastern British Columbia, comprising eight areas of polymetallic mineralization (gold, silver, copper, cobalt, platinum-group elements). Supporting technology consists of induced polarization (IP) surveys, ground and airborne geophysics, geochemical sampling, and diamond drilling; over $6.5M has been invested since 2008, including 10,363 metres drilled across 58 holes in five campaigns. Recent (2026) work at the Sappho Critical Minerals Target has identified porphyry-type chargeability anomalies and high-grade surface samples up to 9.06% Cu and 17.15 g/t Au over 1.5m. A secondary asset, the Robocop Project, covers copper-cobalt-silver claims in BC. The company historically held potash permits in Alberta and Saskatchewan in a 50:50 joint venture with Pacific Potash Corporation.

Grizzly Discoveries is pre-revenue and earns no commercial income. Its sole capital source is equity financing through TSX-V-listed securities, including private placements of Units (C$0.065), FT Units (C$0.08), and CMFT Units (C$0.09). Target subscribers are Canadian retail and institutional resource-sector investors, supplemented by OTC and Frankfurt listings for global access. A 2015 option agreement with Kinross Gold's subsidiary KG Exploration (Canada) Inc. provides a partial non-dilutive validation path: Kinross may earn 75% in ~27,346 ha by spending US$3M (including 3,000m of drilling) over five years.

Name

Grizzly Discoveries

Legal name

Grizzly Discoveries Inc.

Website

https://grizzlydiscoveries.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Grizzly Discoveries is a pre-revenue Canadian junior mineral exploration company (TSX-V: GZD) developing the ~72,700 ha Greenwood Project in southeastern BC for gold, silver, copper, and cobalt. It funds operations through equity private placements targeting resource-sector investors.

Ownership category

akta.pro rank

Product category

Mining Exploration Services

NAICS

Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (212290), Gold Ore and Silver Ore Mining (212220)

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 industries

Precious Metals Exploration & Project Development (IMAKAEAI), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Mineral exploration
• Precious metals
• Critical minerals
• Junior mining
• Battery metals

Headquarters

HQ city

Edmonton

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Equity Financing / Private Placements: Grizzly Discoveries generates capital exclusively through equity financings. The company conducts private placement offerings of Units, FT Units (flow-through shares), and CMFT Units (critical minerals flow-through shares) to raise funds for mineral exploration, property acquisition, and working capital. Flow-through share structures allow the company to transfer Canadian exploration expenses to investors as tax deductions. No commercial revenue from mineral sales exists currently as all projects remain in the exploration stage.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Grizzly Discoveries is a junior mineral exploration company that acquires, explores, and develops precious metals, battery metals, and critical minerals properties, primarily its approximately 73,000-hectare Greenwood Project in southeastern British Columbia targeting gold, silver, copper, and cobalt. The company conducts induced polarization geophysical surveys, diamond drilling, and geochemical sampling programs to identify and advance porphyry and skarn mineralization targets. It currently generates no commercial revenue from mineral sales and funds its activities entirely through equity financings.

Product overview

Grizzly Discoveries is a diversified Canadian mineral exploration company operating primarily in British Columbia and Alberta. The company focuses on developing its approximately 73,000 ha Greenwood Project (precious and critical minerals including gold, silver, copper, and cobalt) and the Robocop Project (copper, cobalt, silver). The company also historically held potash projects in Alberta and diamond projects in the Buffalo Head Hills region. The product offering consists of mineral exploration properties at various stages of development, with no software or technology products.

Differentiator

Problem solved

Functional benefit

Products and services

• Greenwood Project Approximately 73,000 hectare (180,000 acre) precious metals, battery metals, and critical minerals property in southeastern British Columbia featuring gold, silver, copper, and cobalt mineralization, with eight distinct areas of polymetallic mineralization identified to date.
• Robocop Project Copper-cobalt-silver mineral property comprising five mineral claims in southeastern British Columbia.

Quantifiable outcome

• Phase 2 IP Survey at Sappho extended chargeability anomaly up to 1 km east and 500 m south; core of anomaly ranges 30-85 mV/V intensity.
• +4 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

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Canaccord Genuity Corp.minorChannel Partner/ Reseller/ Distributor · 19 June 2026Finders fees paid in connection with private placement sale of 600,000 Units. Received cash fee of $2,340 and 36,000 Finder Warrants.
• Raymond James LimitedminorChannel Partner/ Reseller/ Distributor · 19 June 2026Finders fees paid in connection with sale of 437,500 FT Units and 110,000 CMFT Units. Received cash fee of $2,694 and 32,850 Finder Warrants.
• Leede Financial Inc.minorChannel Partner/ Reseller/ Distributor · 19 June 2026Finders fees paid in connection with sale of 384,000 Units. Received cash fee of $1,498 and 23,040 Finder Warrants.
• Haywood Securities Inc.minorChannel Partner/ Reseller/ Distributor · 19 June 2026Finders fees paid in connection with sale of 315,000 Units. Received cash fee of $1,229 and 18,900 Finder Warrants.
• KG Exploration (Canada) Inc. (Kinross Gold Corporation subsidiary)coreStrategic or Co-development Partner · 24 September 2015Grizzly signed an option agreement with KG Exploration (Canada) Inc., a wholly owned subsidiary of Kinross Gold Corporation, granting Kinross the option to earn a 75% interest in approximately 27,346 hectares of Grizzly's land holdings in southeastern BC. Target areas include Rock Creek, Midway, Midway South, Sappho, Overlander, Attwood East and Grand Forks. Kinross can earn interest by completing US$3 million in exploration expenditures including minimum 3,000 metres of diamond drilling over 5 years, with US$750,000 minimum and 750m drilling required in first two years. Should the option be exercised, a joint venture would be formed (75% Kinross / 25% Grizzly) with Kinross as operator. Grizzly retained the right to focus on other targets not under option.
• Pacific Potash CorporationcoreStrategic or Co-development Partner · 1 September 2011Grizzly entered into a 50:50 joint venture with Pacific Potash Corporation on the Provost Property, comprising approximately 458,000-523,000 acres of potash exploration permits along the Alberta-Saskatchewan border. The joint venture enables shared exploration costs and risk on the potash project. Grizzly also partnered with Pacific Potash on additional permit applications totalling approximately 65,000 acres.
• Mineworks Ventures Inc.minorStrategic or Co-development Partner · 17 February 2009Grizzly entered into an option agreement with Mineworks Ventures Inc. to acquire a 100% interest in the Sidley-Dayton Gold Property in the Greenwood District, BC. Grizzly exercised the option in 2012 by issuing 450,000 shares and paying $85,000. Mineworks retains a combined 2.5% net smelter royalty, with Grizzly able to purchase 1.5% for $1,500,000. Additionally, in the Rock Creek area, Grizzly holds 80% and Mineworks holds 20% interest carried to production decision.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Amarc Resources Ltd: Amarc Resources is a BC-focused copper-gold junior explorer backed by industry major Boliden (similar to Grizzly's Kinross backing). Comparable in jurisdiction focus, polymetallic porphyry target style, and partnership-driven exploration model.
• Aurwest Resources Corporation: Aurwest Resources is a BC-focused gold and copper explorer with projects in central BC. Similar to Grizzly, it operates as a small-cap junior with multiple exploration targets dependent on flow-through financing and seasonal drilling programs.
• Skeena Resources Limited: Skeena Resources was a BC-focused gold explorer (Eskay Creek and Snip projects) that advanced to construction-stage development. It represents the value-creation trajectory Grizzly aspires to — moving from junior explorer through resource definition to a major mining transaction.
• Endurance Gold Corporation: Endurance Gold is a BC-focused gold exploration company advancing the Reliance Gold Project. It shares Grizzly's junior explorer profile, polymetallic target focus (gold with copper/silver credits), and reliance on equity financing in the Canadian capital markets.
• Aben Resources Ltd: Aben Resources is a Canadian junior exploration company focused on gold and base metals projects in British Columbia and the Yukon. Comparable to Grizzly in scale, exploration-stage status, and reliance on Canadian junior capital markets for funding.
• Belmont Resources Inc. Belmont Resources is a BC-focused junior explorer with copper, lithium, and uranium projects. Like Grizzly, it operates with a small team across multiple early-stage properties, dependent on equity financings and partner-funded exploration to advance assets.
• Maple Gold Mines Ltd: Maple Gold Mines is a Canadian junior explorer focused on gold and copper in the Abitibi greenstone belt and Douay project in Quebec. Like Grizzly, it is a pre-revenue exploration company raising equity capital to fund drilling campaigns on polymetallic targets.
• Apollo Silver Corp. Apollo Silver is a precious metals-focused junior with the Calico Silver Project in California and other assets. It mirrors Grizzly's pre-revenue model of advancing early-stage silver-gold exploration assets through equity-financed drilling campaigns.
• Taranis Resources Inc. Taranis Resources is a BC-focused precious and base metals explorer operating the Thor project in the Kootenays. Comparable to Grizzly's Greenwood district in terms of polymetallic (gold-silver-copper-lead-zinc) target style and BC jurisdiction focus.

Broad incumbents

• Kinross Gold Corporation: Kinross Gold is a major senior gold producer and Grizzly's joint venture partner at Greenwood. As a broad incumbent, Kinross represents the type of larger mining company that validates Grizzly's prospectivity and could potentially acquire Grizzly outright following a discovery.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UC46A5hUdt93WaayU696zdmw

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds8 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 Grizzly Discoveries