DRC Gold
DRC Gold Corp. is a publicly listed junior mineral exploration company focused on acquiring and developing gold and lithium resource properties in Africa, primarily the Giro and Nizi gold projects in northeastern DRC's Kilo-Moto Greenstone Belt. Pre-revenue, the company raises equity capital via private placements to fund exploration.
- Company typePublic
- Founded2018
- HeadquartersSurrey, Canada
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What DRC Gold does
DRC Gold Corp. (formerly AJN Resources Inc.) is a publicly listed junior mineral exploration and development company focused on acquiring, exploring, and developing precious metal and lithium resource properties, primarily in Africa. The company is incorporated under Western Australian law with its registered head office in Vancouver, British Columbia, and trades on the Canadian Securities Exchange (CSE: DRC) and Frankfurt Stock Exchange (FWB: 5AT). Its flagship assets are the Giro Gold Project (approximately 497 km² across two exploitation permits in the Moto Greenstone Belt of northeastern DRC, ~35km from the 600,000 oz/year Kibali Gold Mine) and the Nizi Gold Project (113 km² exploitation licence hosting the historic King Leopold mine), both held under option agreements with local partners Amani Consulting and Mabanga Mining SARL respectively. Additional exploration interests include the Kabunda South lithium project (DRC), the Okote Gold Project (Ethiopia, currently on hold), and the Salt Wells Lithium Project (Nevada). The company was founded in 2018, led since 2019 by Klaus Eckhof (founder of Moto Goldmines, acquired by Randgold Resources for $577 million), and operates with a lean team of approximately 6 key personnel plus consultants.
DRC Gold generates no commercial revenue and operates as a pre-revenue exploration entity. The business model is structured around equity capital raises — primarily non-brokered private placements of units (common shares plus warrants) priced at $0.10-$0.15 per unit — with Palisades Goldcorp Ltd. serving as lead investor across multiple tranches. Cumulative financing from 2024-2026 exceeds $6 million, deployed toward property earn-in commitments, exploration drilling, working capital, and staged share-based consideration to project partners. The go-to-market approach is investor-relations driven: news releases via Newsfilecorp, webcasts on CEO.CA and YouTube, conference attendance (121 Mining Investment Cape Town, February 2026), SEDAR regulatory filings, and paid Stockhouse advertising. The company targets retail and institutional resource-sector investors seeking exposure to African gold exploration in proven greenstone belts, with the strategic thesis anchored on the historic 2.4 Moz Indicated JORC resource at Kebigada and an imminent NI 43-101 update expected to formalize the Giro deposit under modern reporting standards.
DRC Gold firmographics
Firmographics- Name
- DRC Gold
- Legal name
- DRC Gold Corporation Inc.
- Website
- https://drcgoldcorp.com
- Company type
- Public
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- DRC Gold Corp. is a publicly listed junior mineral exploration company focused on acquiring and developing gold and lithium resource properties in Africa, primarily the Giro and Nizi gold projects in northeastern DRC's Kilo-Moto Greenstone Belt. Pre-revenue, the company raises equity capital via private placements to fund exploration.
- Ownership category
- akta.pro rank
DRC Gold industry classification
Industry- Product category
- Gold and Lithium Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (21222)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where DRC Gold is headquartered
LocationHeadquarters
- HQ city
- Surrey
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
DRC Gold business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Exploration Stage - No Revenue: DRC Gold Corp. is a pre-revenue junior exploration and development company. The company acquires, explores, and if warranted and feasible, develops precious metal and lithium resource properties. No commercial production revenue is currently generated.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | Private Placement Units - $0.10 per unit |
| Unit Pricing | One time/ perpetual license | Private Placement Units - $0.15 per unit (repriced) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels8 records
DRC Gold product offering
Product offeringCore offering
DRC Gold Corp. acquires, explores, and develops gold and lithium mineral resource properties, with a primary focus on the Democratic Republic of Congo's Kilo-Moto Greenstone Belt. The company's core assets are the Giro Gold Project (497 km²) and the Nizi Gold Project (113 km²), supplemented by the Kabunda South lithium project (DRC), the Okote Gold Project (Ethiopia), and the Salt Wells Lithium Project (Nevada, USA). As a pre-revenue junior explorer, it raises capital through private placements and public equity listings to fund drilling, geological evaluation, and resource definition.
Product overview
DRC Gold Corp. is a gold and lithium exploration and development company with a portfolio of projects in the Democratic Republic of Congo (DRC) and Ethiopia. The company's core assets include the Giro Gold Project (497km² in the Moto Greenstone Belt) and the Nizi Gold Project (113km² in the Kilo-Moto Goldfields), both targeting gold deposits. Additional projects include the Kabunda South Project (lithium pegmatites in the DRC), the Okote Gold Project (42.8km² in Ethiopia, currently on hold), and the Salt Wells Lithium Project in Nevada, USA. The company focuses on acquiring, exploring, and developing precious metal and lithium resource properties.
Differentiator
Problem solved
Functional benefit
Products and services
- Giro Gold Project
Quantifiable outcome
- 2.4 million ounce historic resource estimate at Kebigada deposit (JORC 2012 Indicated)
- +2 more outcomes
Companies that use DRC Gold
Customer profileSegments2 records
Ideal customer profiles2 records
DRC Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
DRC Gold partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, major and minor.
- Mabanga Mining SARLcoreMabanga Mining SARL is the counterparty for the Nizi Gold Project option agreement. Under the binding term sheet announced February 24, 2026, DRC Gold has been granted an option to acquire an initial 55% interest in the Nizi Gold Project, with the right to increase to 65% through additional consideration.
- Amani Consulting / Amani Gold LimitedcoreAmani Consulting holds the underlying interest in the Giro Gold Project through Amani Gold Limited. DRC Gold Corp. has entered into agreements to acquire 55% indirect interest through the issuance of 250 million common shares, with option to acquire remaining 10% for US$30-50 million.
- Giro GoldfieldscoreGiro Goldfields is the entity holding the Giro Gold Project assets including the Kebigada and Douze Match deposits. The project is structured through the binding term sheet with Amani Consulting, with DRC Gold acquiring indirect interest through share issuances.
- Godu General Trading S.C.majorGodu General Trading S.C. is the local partner for the Okote Gold Project in Ethiopia. DRC Gold Corp. may acquire initial 60% interest through staged transaction including 90-day due diligence, US$2 million exploration program, and additional payments of US$5 million upon feasibility completion.
- Great Basin Oil LLCmajorGreat Basin Oil LLC is the optionor for the Salt Wells Lithium Project in Nevada, USA. DRC Gold Corp. has an option to acquire 100% of the property, subject to a 4.5% Net Smelter Return royalty, with the ability to purchase 1.5% NSR within 90 days of production.
- SOKIMOminorSOKIMO (Société Kilo Moto) is the state-owned mining company in DRC. DRC Gold signed MOU with SOKIMO in February 2020, and the government endorsed the MoU in April 2022. SOKIMO has historical involvement with projects in the Kilo-Moto Goldfields region.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
DRC Gold competitors and assessment
Company assessmentBroad incumbents
- Endeavour Mining plc: West Africa gold producer operating multiple mines across Burkina Faso, Côte d'Ivoire, Senegal, and Mali. Comparable as a mid-cap developer/operator model that DRC Gold could aspire to once exploration translates into production.
- AngloGold Ashanti plc: Major gold producer with a long-standing African operating footprint (Geita, Kibali minority, Siguiri, Obuasi). Sets the comparable for African-gold development economics and is a plausible M&A counterparty for advanced DRC gold projects.
- IAMGOLD Corporation: West Africa-focused gold producer with assets in Burkina Faso, Mali, Côte d'Ivoire, Suriname, and Canada, and historical DRC optionality. Closest mid-tier gold producer in scale and geographic footprint to where DRC Gold is targeting.
- Resolute Mining Limited: Australian-listed mid-tier gold producer with African operations (Ravenswood, Syama, Mako, Chirano). Represents a comparable scale-jump template from African gold explorer to producer, useful as a development-stage benchmark for DRC Gold.
- Barrick Gold Corporation: Operates the Kibali Gold Mine (producing 600+ koz/yr) located just 35 km east of DRC Gold's Giro project. Establishes the geological and economic benchmark for the district and is the most likely acquirer / strategic partner if DRC Gold's resources are converted.
Direct peers
- Amani Gold Limited: Counterparty to DRC Gold's Giro Gold Project term sheet through Giro Goldfields and Amani Consulting, holds the underlying Kebigada and Douze Match deposits that are the core of DRC Gold's resource base. Same jurisdiction, same deposits, same commodity — the most directly comparable peer.
- AVZ Minerals Limited: Founded by Klaus Eckhof (DRC Gold's CEO), AVZ advanced the Manono lithium project in the DRC and is the closest analogue to DRC Gold's own Manono Northeast / Kabunda South lithium permits. Closest management-aligned and asset-aligned peer.
- Kilo Goldmines Ltd: Junior gold explorer focused on the Kilo-Moto Goldfields in the DRC, the same greenstone belt that hosts DRC Gold's Giro and Nizi projects. Same commodity, same belt, same regulatory environment, and a directly overlapping exploration thesis.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
DRC Gold social profiles
Digital presenceDRC Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
DRC Gold leadership team
Management profileNumber of profiles
Profiles7 records
DRC Gold funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
DRC Gold 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 DRC Gold
What does DRC Gold do?
DRC Gold Corp. acquires, explores, and develops gold and lithium mineral resource properties, with a primary focus on the Democratic Republic of Congo's Kilo-Moto Greenstone Belt. The company's core assets are the Giro Gold Project (497 km²) and the Nizi Gold Project (113 km²), supplemented by the Kabunda South lithium project (DRC), the Okote Gold Project (Ethiopia), and the Salt Wells Lithium Project (Nevada, USA). As a pre-revenue junior explorer, it raises capital through private placements and public equity listings to fund drilling, geological evaluation, and resource definition.
Is DRC Gold a public or private company?
DRC Gold is a public company. It is classified as public and is currently operating.
When was DRC Gold founded?
DRC Gold was founded in 2018. It employs 1 to 10 people.
Where is DRC Gold based?
DRC Gold is headquartered in Surrey, Canada, in the North America region.
How does DRC Gold make money?
One revenue line is on record: exploration Stage - No Revenue.
Who are DRC Gold's main competitors?
Broad incumbents on record are Endeavour Mining plc, AngloGold Ashanti plc, IAMGOLD Corporation, Resolute Mining Limited and Barrick Gold Corporation. Direct peers are Amani Gold Limited, AVZ Minerals Limited and Kilo Goldmines Ltd.
Does DRC Gold have an API?
No public API is recorded for DRC Gold.
What industry is DRC Gold in?
DRC Gold's product category is Gold and Lithium Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 21222 and its SIC code is 1040.