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Hayasa Metals

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uuid0004lui

Namestring
Hayasa Metals
Legal namestring
Hayasa Metals Inc.
Websiteurl
hayasametals.com
Company typeenum
Public
Founded yearint
2007
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersVancouver, Canada
HQ citystring
Vancouver
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
copper-gold exploration, mineral exploration, diamond drilling programs, porphyry copper systems, mining exploration services
Industry2 codes
1Copper Exploration & Resource Development
CodeIMAKADAAPrimaryYes
2Exploration & Resource Development (Critical Minerals)
CodeIMAKAFALPrimaryNo
NAICS code2 codes
  • Copper, Nickel, Lead, and Zinc Mining212230
  • Gold Ore and Silver Ore Mining212220
SIC code2 codes
  • Metal Mining1000
  • Gold And Silver Ores1040
Product category
Mining Exploration
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Exploration and Development
TypeOne Time License
Description

Pre-revenue junior mining explorer focused on discovering copper-gold deposits through exploration drilling. The company aims to either develop discoveries into operating mines or sell projects to major mining companies through earn-in agreements or acquisition. Revenue model is long-cycle capital appreciation through resource discovery.

hayasametals.com:443
Cost components4 values
Operations, Technology or R&D, Personnel, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Hayasa Metals is a junior mining exploration company that discovers and advances copper-gold porphyry deposits in Armenia through diamond drilling, geophysical surveys, and geochemical analysis. The company operates two primary projects — the Vardenis Copper-Moly-Gold Project (under option to Teck Resources, which can earn up to 80%) and the Urasar Mineral District (100%-owned) — and monetizes discoveries through earn-in partnerships or project sales to major mining companies.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • 39 meters grading 0.50% copper and 0.19 g/t gold intersected at Urasar
Product overview1 text field

Hayasa Metals Inc. is a junior mining exploration company focused on copper-gold discovery in Armenia. The company operates two primary projects: the Vardenis Copper-Moly-Gold Project (flagship property under option to Teck Resources, which can earn up to 80% ownership) and the Urasar Mineral District (100% Hayasa-owned exploration license). The company also has three new exploration permit applications pending for Nickel Antimony, Gold, and Copper Moly projects in 2026. Exploration activities include diamond drilling programs, audio-magnetotelluric (AMT) geophysical surveys, and geochemical analysis.

Product and service1 record
1Vardenis Copper-Moly-Gold Project
Scale indicator5 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Teck Resources Limited
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-08-01
Description

Teck Resources holds an earn-in option agreement on the Vardenis Copper-Gold Project, where Teck can earn up to 80% ownership through exploration expenditures. Teck also maintains 9.9% ownership through participation in Hayasa's private placement financings. Partnership includes joint planning of exploration programs and drilling campaigns.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Cardinal Resources Limited
TypeDirect peer
Description

Gold exploration company (taken over by Nordgold in 2020) that operated the Namdini project in Ghana. Comparable as a junior gold explorer whose corporate takeover outcome mirrors the discovery-to-M&A pathway Hayasa's management has executed previously.

2Hudbay Minerals Inc.
TypeBroad incumbent
Description

Mid-tier copper-gold producer with global operations. Comparable as a copper-gold operator that could potentially acquire or partner with junior explorers like Hayasa in copper-gold districts; relevant as a strategic comparable and potential acquirer.

3Teck Resources Limited
TypeOthers
Description

Major diversified miner and strategic partner/equity holder of Hayasa. Included as the most relevant ecosystem participant: a major copper-gold producer that provides direct comparability for Hayasa's commodity focus and is the actual counterparty on the Vardenis earn-in.

4NGEx Minerals Ltd.
TypeDirect peer
Description

Junior copper-gold porphyry explorer with advanced-stage projects (Los Helados, Lunahuasi) in South America. Closely comparable to Hayasa on commodity focus (copper-gold porphyry), exploration-stage business model, and partner-funded drilling approach.

5Filo Corp
TypeDirect peer
Description

Copper-gold-silver exploration company advancing the Filo del Sol project on the Argentina-Chile border. Comparable on copper-gold porphyry/epithermal exploration profile and large-scale discovery optionality.

6Solaris Resources Inc.
TypeDirect peer
Description

Exploration-stage copper developer focused on the Warintza porphyry copper project in Ecuador. Comparable to Hayasa on copper porphyry targeting, early-stage profile, and major-partner interest potential.

7Liberty Gold Corp.
TypeDirect peer
Description

Gold-focused junior exploration company with Black Pine and Goldstrike projects in the Great Basin. Comparable on junior explorer scale, TSXV listing, single-commodity focus (gold), and partner-funded exploration model.

8Adriatic Metals PLC
TypeDirect peer
Description

Precious and base metals developer with the Vareš mine in Bosnia and Herzegovina, formerly Tethyan Resources. Directly comparable on Tethyan belt geographic focus, exploration-to-development trajectory, and base/precious metals commodity mix.

9Lumina Gold Corp
TypeDirect peer
Description

Junior copper-gold explorer advancing the Cangrejos project in Ecuador. Comparable on copper-gold porphyry targeting and pre-development stage with similar capital and partner dynamics.

10Chaarat Gold Holdings Limited
TypeDirect peer
Description

Gold-focused junior miner/developer with assets in Armenia (formerly held the Chaarat license) and Kyrgyzstan. Comparable on gold exploration focus, Armenian jurisdictional exposure, and small-cap junior explorer profile.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Hayasa Metals

Mining Explorationhayasametals.com

Hayasa Metals firmographics

Firmographics
Name
Hayasa Metals
Legal name
Hayasa Metals Inc.
Website
https://hayasametals.com
Company type
Public
Founded year
2007
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Hayasa Metals industry classification

Industry
Product category
Mining Exploration
NAICS
Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220)
SIC
Metal Mining (1000), Gold And Silver Ores (1040)
akta.pro primary industry
Copper Exploration & Resource Development (IMAKADAA)
akta.pro secondary industry
Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

  • Copper-gold exploration
  • Mineral exploration
  • Diamond drilling programs
  • Porphyry copper systems
  • Mining exploration services

Where Hayasa Metals is headquartered

Location

Headquarters

HQ city
Vancouver
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

Hayasa Metals business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

  1. Exploration and Development: Pre-revenue junior mining explorer focused on discovering copper-gold deposits through exploration drilling. The company aims to either develop discoveries into operating mines or sell projects to major mining companies through earn-in agreements or acquisition. Revenue model is long-cycle capital appreciation through resource discovery.

Go-to-market motion1 record

Hayasa Metals product offering

Product offering

Core offering

Hayasa Metals is a junior mining exploration company that discovers and advances copper-gold porphyry deposits in Armenia through diamond drilling, geophysical surveys, and geochemical analysis. The company operates two primary projects — the Vardenis Copper-Moly-Gold Project (under option to Teck Resources, which can earn up to 80%) and the Urasar Mineral District (100%-owned) — and monetizes discoveries through earn-in partnerships or project sales to major mining companies.

Product overview

Hayasa Metals Inc. is a junior mining exploration company focused on copper-gold discovery in Armenia. The company operates two primary projects: the Vardenis Copper-Moly-Gold Project (flagship property under option to Teck Resources, which can earn up to 80% ownership) and the Urasar Mineral District (100% Hayasa-owned exploration license). The company also has three new exploration permit applications pending for Nickel Antimony, Gold, and Copper Moly projects in 2026. Exploration activities include diamond drilling programs, audio-magnetotelluric (AMT) geophysical surveys, and geochemical analysis.

Differentiator

Problem solved

Functional benefit

Products and services

  • Vardenis Copper-Moly-Gold Project

Quantifiable outcome

  • 39 meters grading 0.50% copper and 0.19 g/t gold intersected at Urasar

Companies that use Hayasa Metals

Customer profile

Segments1 record

Ideal customer profiles1 record

Hayasa Metals technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Hayasa Metals partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Teck Resources LimitedflagshipStrategic or Co-development Partner · 1 August 2026Teck Resources holds an earn-in option agreement on the Vardenis Copper-Gold Project, where Teck can earn up to 80% ownership through exploration expenditures. Teck also maintains 9.9% ownership through participation in Hayasa's private placement financings. Partnership includes joint planning of exploration programs and drilling campaigns.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Hayasa Metals competitors and assessment

Company assessment

Direct peers

  • Cardinal Resources Limited: Gold exploration company (taken over by Nordgold in 2020) that operated the Namdini project in Ghana. Comparable as a junior gold explorer whose corporate takeover outcome mirrors the discovery-to-M&A pathway Hayasa's management has executed previously.
  • NGEx Minerals Ltd. Junior copper-gold porphyry explorer with advanced-stage projects (Los Helados, Lunahuasi) in South America. Closely comparable to Hayasa on commodity focus (copper-gold porphyry), exploration-stage business model, and partner-funded drilling approach.
  • Filo Corp: Copper-gold-silver exploration company advancing the Filo del Sol project on the Argentina-Chile border. Comparable on copper-gold porphyry/epithermal exploration profile and large-scale discovery optionality.
  • Solaris Resources Inc. Exploration-stage copper developer focused on the Warintza porphyry copper project in Ecuador. Comparable to Hayasa on copper porphyry targeting, early-stage profile, and major-partner interest potential.
  • Liberty Gold Corp. Gold-focused junior exploration company with Black Pine and Goldstrike projects in the Great Basin. Comparable on junior explorer scale, TSXV listing, single-commodity focus (gold), and partner-funded exploration model.
  • Adriatic Metals PLC: Precious and base metals developer with the Vareš mine in Bosnia and Herzegovina, formerly Tethyan Resources. Directly comparable on Tethyan belt geographic focus, exploration-to-development trajectory, and base/precious metals commodity mix.
  • Lumina Gold Corp: Junior copper-gold explorer advancing the Cangrejos project in Ecuador. Comparable on copper-gold porphyry targeting and pre-development stage with similar capital and partner dynamics.
  • Chaarat Gold Holdings Limited: Gold-focused junior miner/developer with assets in Armenia (formerly held the Chaarat license) and Kyrgyzstan. Comparable on gold exploration focus, Armenian jurisdictional exposure, and small-cap junior explorer profile.

Broad incumbents

  • Hudbay Minerals Inc. Mid-tier copper-gold producer with global operations. Comparable as a copper-gold operator that could potentially acquire or partner with junior explorers like Hayasa in copper-gold districts; relevant as a strategic comparable and potential acquirer.

Others

  • Teck Resources Limited: Major diversified miner and strategic partner/equity holder of Hayasa. Included as the most relevant ecosystem participant: a major copper-gold producer that provides direct comparability for Hayasa's commodity focus and is the actual counterparty on the Vardenis earn-in.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights6 records

Customer concentration

Hayasa Metals social profiles

Digital presence

Hayasa Metals financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Hayasa Metals leadership team

Management profile

Number of profiles

Profiles3 records

Hayasa Metals funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Hayasa Metals M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hayasa Metals

What does Hayasa Metals do?

Hayasa Metals is a junior mining exploration company that discovers and advances copper-gold porphyry deposits in Armenia through diamond drilling, geophysical surveys, and geochemical analysis. The company operates two primary projects — the Vardenis Copper-Moly-Gold Project (under option to Teck Resources, which can earn up to 80%) and the Urasar Mineral District (100%-owned) — and monetizes discoveries through earn-in partnerships or project sales to major mining companies.

Is Hayasa Metals a public or private company?

Hayasa Metals is a public company. It is classified as public and is currently operating.

When was Hayasa Metals founded?

Hayasa Metals was founded in 2007. It employs 1 to 10 people.

Where is Hayasa Metals based?

Hayasa Metals is headquartered in Vancouver, Canada, in the North America region.

How does Hayasa Metals make money?

One revenue line is on record: exploration and Development.

Who are Hayasa Metals's main competitors?

Direct peers on record are Cardinal Resources Limited, NGEx Minerals Ltd., Filo Corp, Solaris Resources Inc., Liberty Gold Corp., Adriatic Metals PLC, Lumina Gold Corp and Chaarat Gold Holdings Limited. Hudbay Minerals Inc. is listed as a broad incumbent. Teck Resources Limited is listed as an others.

Does Hayasa Metals have an API?

No public API is recorded for Hayasa Metals.

What industry is Hayasa Metals in?

Hayasa Metals's product category is Mining Exploration. Its primary akta.pro industry code is IMAKADAA, Copper Exploration & Resource Development, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 212230 and its SIC code is 1000.

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Live signals
YahooHayasa Metals Signs Term Sheet with a Major Mining Company to Enter a Strategic Exploration AllianceHayasa Metals signed a term sheet with a major mining company to form a strategic exploration alliance for copper and critical metals in southern Armenia. The two-year phase is funded by the partner, with a $1M threshold for a first option and a potential 51% stake. The definitive agreement is expected before year-end.NewsfileHayasa Metals Signs Term Sheet with a Major Mining Company to Enter a Strategic Exploration AllianceHayasa Metals signed a term sheet with a major mining company to form a strategic exploration alliance for copper and critical metals in southern Armenia. The two-year phase is funded by the partner, with a $1M threshold for a first option and a potential 70% stake. The definitive agreement is expected before year-end.Stock TitanHayasa Metals Signs Non-Binding Alliance Term SheetHayasa Metals signed a non-binding term sheet with a major mining company to explore copper and critical metals in southern Armenia. The two-year, MMC-funded alliance includes a First Option for 51% interest and a Second Option for 70% interest. Hayasa expects to sign definitive agreements before year-end.FinancialContent Business PageHayasa Metals Signs Term Sheet with a Major Mining Company to Enter a Strategic Exploration AllianceHayasa Metals signed a term sheet with a major mining company to explore copper and critical metals in southern Armenia. The two-year alliance, funded by the partner, includes a first option for a 51% stake after $1M in expenditures, with a second option to 70% after $3M. The definitive agreement is expected before year-end.AInvestHayasa Metals' Urasar "Completion" Is a Drill Update, Not a ResultHayasa Metals completed its 2026 drill program at Urasar, running to 1,070 meters across two holes, but released no assay results. The company has no revenue and a thin cash cushion, so the drilling is funded by new equity. The pending assays and funding remain the key uncertainties.Stock TitanHayasa Metals completes 1,070m Urasar drill programHayasa Metals completed its 2026 Urasar drilling program, totaling 1,070 meters across two holes, and plans to apply to extend the expiry of its $0.22 warrants from March 2027 to March 2028. The drilling intersected a quartz-anhydrite vein system with pyrite and chalcopyrite, suggesting a porphyry-style system. Assays are expected from ALS in mid-October.NewsfileHayasa Metals Announces Commencement of Drill Program at Urasar Project, ArmeniaHayasa Metals Inc. announced the commencement of a 1,000-meter diamond drilling program at the Urasar Project in northern Armenia, with two drill holes (UDD-022 and UDD-023) targeting Oxide Basin and Silica West prospects. The drilling program follows a six-line audio-magnetotelluric (AMT) geophysical survey completed in May 2026 that identified near-vertical conductivity anomalies. Previous drilling in November 2025 intersected encouraging mineralization including 39 meters grading 0.50% copper and 0.18 g/t gold, though the hole was abandoned at 235 meters due to difficult ground conditions and winter weather.FinancialContent Business PageHayasa Metals Announces Commencement of Drill Program at Urasar Project, ArmeniaHayasa Metals Inc. has commenced a 1,000-meter diamond drilling program at the Urasar Project in northern Armenia, consisting of two drill holes targeting the Oxide Basin and Silica West prospects. The program follows prior exploration including AMT geophysical surveys that identified near-vertical conductivity anomalies coincident with surface geochemistry and hydrothermal alteration. Previous drilling at the project returned intercepts of 39 meters grading 0.50% copper and 0.18 g/t gold, demonstrating mineralized potential in the target area.NewsfileHayasa Metals Announces 2026 AMT Geophysical Results for Urasar Copper-Gold Project, ArmeniaHayasa Metals Inc. announced preliminary results from its 2026 Natural Source Audio Magnetotelluric (AMT) geophysical survey at the Urasar copper-gold project in Armenia, comprising six lines across 53 stations conducted by Terratec Geophysical Services in May 2026. The survey identified low resistivity anomalies of interest at the Yellow River, Black River, and Brick House zones, with the company planning a follow-up drill program of up to 1,000 meters expected to commence before month-end. The company is also pursuing three new exploration permit applications in Armenia, with one near Amasia expected to be awarded before year-end following successful public hearings.Stock TitanCEO.CA: Hayasa Metals talks Armenia projects with TeckCEO.CA published an interview with Dennis Moore (Founder & President) and Joel Sutherland (CEO) of Hayasa Metals Inc., discussing progress on the Urasar Project and Vardenis Project in Armenia, where Teck Resources holds an earn-in partnership. The interview covered the company's first-mover advantage in gold and copper exploration in Armenia. The article serves as promotional content for the junior mining explorer on the CEO.CA investor platform.