MAX Resource
MAX Resource Corp. is a pre-revenue Canadian junior mineral exploration company advancing three South American projects: the Sierra Azul copper-silver project in Colombia (Freeport-McMoRan-funded $50M earn-in), the Mora gold-silver property in Colombia, and the Florália high-purity iron project in Brazil (optioned to Bolt Metals).
- Company typePublic
- Founded2014
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MAX Resource does
MAX Resource Corp. is a Canadian mineral exploration company headquartered in Vancouver, BC, trading on the TSX Venture Exchange (MAX), OTC Pink (MXROF), Frankfurt (M1D2), with an OTCQB application pending. Founded in 2014 (some sources reference 1994), the company operates with a small team of 11-50 employees and is led by President and CEO Brett Matich, who has over 25 years of mining industry experience spanning Fox Resources, Aztec Resources, and Cap-Ex Iron Ore. MAX Resource is currently pre-revenue and funds its activities through equity financings, private placements, and partner-funded earn-in agreements.
The company's exploration portfolio comprises three projects in South America across two countries and four commodities. The wholly-owned Sierra Azul Copper-Silver Project in Colombia covers more than 100,000 hectares across three districts (AM, Conejo, URU) spanning over 120 km of strike along the Andean copper belt, and is fully funded by Freeport-McMoRan (NYSE: FCX) under a $50 million earn-in for up to 80% interest. The Mora Gold-Silver Property in Colombia sits within the Middle Cauca Gold Belt adjacent to Collective Mining's Guayabales project and Aris Mining's 9.2Moz Marmato operations, with channel samples including 45.0 g/t gold and 7,110 g/t silver over 1.0 m. The Florália High-Purity Iron Project in Minas Gerais, Brazil, held through subsidiary Max Iron Brazil Ltd., has an exploration target of 50-70 Mt at 55-61% Fe and is optioned to Bolt Metals Corp. (CSE: BOLT).
Exploration methodology combines channel sampling, diamond and auger drilling, LiDAR and airborne magnetic surveys, geological mapping, and the deployment of LWIR (Long Wave InfraRed) satellite-based reflectance spectroscopy for mineral mapping under dense vegetation. The company sells exposure to mineral discovery outcomes to retail and institutional mining investors and partners with major mining companies via earn-in and option agreements to advance projects.
MAX Resource firmographics
Firmographics- Name
- MAX Resource
- Legal name
- Max Resource Corp.
- Website
- https://maxresource.com
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MAX Resource Corp. is a pre-revenue Canadian junior mineral exploration company advancing three South American projects: the Sierra Azul copper-silver project in Colombia (Freeport-McMoRan-funded $50M earn-in), the Mora gold-silver property in Colombia, and the Florália high-purity iron project in Brazil (optioned to Bolt Metals).
- Ownership category
- akta.pro rank
MAX Resource industry classification
Industry- Product category
- Mineral Exploration Services
- NAICS
- Metal Ore Mining (2122), Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (212290), Iron Ore Mining (21221), Support Activities for Metal Mining (213114)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)
- akta.pro secondary industries
- Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI), Gold Mining (IMAKAEAA), Iron Ore Exploration & Resource Definition (IMAKAAAA)
Keywords
Where MAX Resource is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
MAX Resource business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Mineral Exploration (Pre-Revenue): The company is in the exploration stage with no current revenue. It operates through equity financings, private placements, and earn-in agreements with partners who fund exploration expenditures in exchange for project interests.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels6 records
MAX Resource product offering
Product offeringCore offering
MAX Resource Corp. is a Canadian mineral exploration company that acquires, explores, and advances copper, gold-silver, and high-purity iron ore projects in South America. The company holds three tier-one exploration assets: the Mora Gold-Silver Property in Colombia's Middle Cauca Gold Belt, the wholly-owned Sierra Azul Copper-Silver Project along Colombia's portion of the Andean Copper Belt (over 100,000 hectares), and the Florália High-Purity Iron Project in Brazil's Minas Gerais state. Exploration activities include drilling, channel sampling, LiDAR, airborne magnetic surveys, and LWIR satellite-based reflectance spectroscopy.
Product overview
MAX Resource Corp. is a mineral exploration company with three tier-one exploration projects in South America: (1) Mora Gold-Silver Property in Colombia where it holds rights to purchase 100%, focused on gold-silver exploration within the prolific Middle Cauca Gold Belt; (2) Sierra Azul Copper-Silver Project in Colombia, a wholly-owned copper-silver exploration asset along the Andean copper belt, fully funded by Freeport-McMoRan through a $50 million earn-in agreement; and (3) Florália High-Purity Iron Project in Brazil, an iron ore asset with an exploration target of 50-70Mt at 55%-61% Fe, with an option agreement held by Bolt Metals Corp. The company operates as a single-portfolio exploration company without a platform architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Mora Gold-Silver Property
Quantifiable outcome
- Sierra Azul: 1.6% Cu & 7 g/t Ag over 59m at AM13; 1.6% Cu & 6 g/t Ag over 50m at AM13
- +2 more outcomes
Companies that use MAX Resource
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
MAX Resource technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
MAX Resource partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Collective Mining (TSX, NYSE: CNL)minorCollective Mining's Guayabales Gold Project abuts the Mora Property along a 4.8 km common boundary. Their exploration activities on-trend to Mora's northern boundary provide regional context and validation of the mineralized corridor's prospectivity.
- Aris Mining (TSX: ARIS, NYSE: ARMN)minorAris Mining's Marmato Gold Operations (9.2Moz resource) abut the Mora Property along 3.4 km eastern boundary. Their planned increase to 200,000 oz/year gold production by 2026 highlights the region's prospectivity.
- GlencoreminorGlencore operates the Cerrejón coal mine (largest in South America), located adjacent to Sierra Azul's infrastructure. Their presence validates the region's mining infrastructure and access to logistics.
Scale indicators9 records
Recent moves9 records
Expansion highlights5 records
MAX Resource competitors and assessment
Company assessmentDirect peers
- Aris Mining: TSX/NYSE-listed gold producer whose Marmato operations (9.2Moz resource, ramping to 200,000 oz/year by 2026) share a 3.4 km eastern boundary with MAX's Mora Property. Directly comparable regional operator in the Middle Cauca Gold Belt.
- Cordoba Minerals: Canadian junior explorer with the San Matías Copper-Gold Project in Colombia. Comparable as a small-cap Colombia-focused copper-gold explorer in the same regulatory and operational environment as MAX.
- Collective Mining: TSX/NYSE-listed junior explorer whose Guayabales Gold Project and Apollo porphyry discovery abut MAX's Mora Property along a 4.8 km common boundary in Colombia's Middle Cauca Gold Belt. Most directly comparable as a Colombian gold-copper junior with neighboring footprint.
- Bolt Metals Corp: CSE-listed junior that holds the option to earn 100% of MAX's Florália High-Purity Iron Project in Brazil for 32.3M shares. Directly comparable as a CSE-listed junior with an option/earn-in structure on a single iron ore asset.
- Cap-Ex Iron Ore: TSX.V-listed iron ore developer where MAX CEO Brett Matich previously served as CEO and discovered the Block 103 magnetite deposit. Comparable as a small-cap iron ore exploration/development company with a similar management lineage.
Emerging players
- Solaris Resources: TSX-listed copper-gold developer advancing the Warintza project in Ecuador. Comparable as a copper-focused junior explorer in the Andean region targeting large-tonnage porphyry systems with similar partner-funding potential.
Broad incumbents
- Ivanhoe Mines: TSX/OTC-listed major mining developer; MAX director William Hayden is a current Ivanhoe director. Comparable as a broad multi-commodity mining developer with significant copper exposure and Andean-region presence.
- Glencore: LSE-listed global mining major that operates Cerrejón (largest coal mine in South America) adjacent to MAX's Sierra Azul project. Comparable as a broad incumbent operating major infrastructure in MAX's Colombian footprint.
- Endeavour Silver: NYSE/TSX-listed silver-gold producer and a 5% shareholder of MAX. Comparable as a mid-tier silver-gold producer in the Americas with established mining operations, providing a public-market reference for MAX's silver exposure.
Regional players
- Atico Mining: TSX.V-listed copper-gold producer with the El Roble mine in Colombia. Comparable as a small-cap Colombian-focused base metals operator, illustrating the regional competitive landscape for MAX's Colombian copper assets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
MAX Resource social profiles
Digital presenceMAX Resource financial estimates
Financial estimateRevenue estimate
Valuation estimate
MAX Resource leadership team
Management profileNumber of profiles
Profiles3 records
MAX Resource subsidiaries and ownership
Company hierarchySubsidiaries1 record
MAX Resource funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MAX Resource 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 MAX Resource
What does MAX Resource do?
MAX Resource Corp. is a Canadian mineral exploration company that acquires, explores, and advances copper, gold-silver, and high-purity iron ore projects in South America. The company holds three tier-one exploration assets: the Mora Gold-Silver Property in Colombia's Middle Cauca Gold Belt, the wholly-owned Sierra Azul Copper-Silver Project along Colombia's portion of the Andean Copper Belt (over 100,000 hectares), and the Florália High-Purity Iron Project in Brazil's Minas Gerais state. Exploration activities include drilling, channel sampling, LiDAR, airborne magnetic surveys, and LWIR satellite-based reflectance spectroscopy.
Is MAX Resource a public or private company?
MAX Resource is a public company. It is classified as public and is currently operating.
When was MAX Resource founded?
MAX Resource was founded in 2014. It employs 11 to 50 people.
Where is MAX Resource based?
MAX Resource is headquartered in Vancouver, Canada, in the North America region.
How does MAX Resource make money?
One revenue line is on record: mineral Exploration (Pre-Revenue).
Who are MAX Resource's main competitors?
Direct peers on record are Aris Mining, Cordoba Minerals, Collective Mining, Bolt Metals Corp and Cap-Ex Iron Ore. Solaris Resources is listed as an emerging player. Broad incumbents are Ivanhoe Mines, Glencore and Endeavour Silver. Atico Mining is listed as a regional player.
Does MAX Resource have an API?
No public API is recorded for MAX Resource.
What industry is MAX Resource in?
MAX Resource's product category is Mineral Exploration Services. Its primary akta.pro industry code is IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling), with a secondary code of IMAKAFAI, Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate). Its NAICS code is 2122 and its SIC code is 1000.