What Mosaic Minerals does

Mosaic Minerals Corporation (CSE: MOC) is a Canadian junior mineral exploration company headquartered in Montreal, Quebec, focused on the identification and advancement of gold, nickel, copper, zinc, and polymetallic projects in Quebec. The company was founded in 2018, began trading on the Canadian Securities Exchange on November 16, 2020, and currently holds more than 75,000 hectares of mineral claims across multiple properties, including the Golden Island and Amanda gold projects, the Gaboury nickel project, the Lichen base-metals property, 113 North (Abitibi Greenstone Belt), and the Mirabelli/Maqua projects in James Bay. Core technical capabilities comprise conventional exploration methods — diamond drilling, VLF, IP and helicopter-borne magnetic geophysical surveys, geological mapping, and mini-bulk sampling — used to delineate and test mineralized zones (e.g., 2024 sampling at Golden Island returned 101.19 g/t Au and 96.13 g/t Au; Gaboury drilling intersected 135 m at 0.34% Ni). Mosaic is pre-revenue and operates a non-traditional software/hardware business model: it finances exploration through repeated flow-through and unit private placements (lifetime raises in the C$4–4.5M range), uses property option/earn-in agreements to dilute exploration risk (with IAMGOLD, Fokus Mining, Vanstar, Castlebar, and Panther Minerals/Lithium Lion among historical counterparties), and generates no recurring revenue until a discovery is sold, optioned, or partnered into production. The customer base is effectively zero in the conventional sense; the company exited lithium exploration in April 2025 to refocus on gold and nickel and is currently advancing toward a spring 2026 drill program at Golden Island under a Quebec Ministry of Natural Resources impact work authorization.

Name

Mosaic Minerals

Legal name

Mosaic Minerals Corporation

Website

https://mosaicminerals.ca

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Mosaic Minerals Corporation is a Quebec-based junior mineral exploration company (CSE: MOC) holding 75,000+ hectares of gold, nickel, copper and polymetallic claims, advancing multiple exploration projects through conventional drilling, geophysics, and option/earn-in partnerships.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Mining (except Oil and Gas) (212), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Mineral exploration services
• Gold mining exploration
• Nickel copper zinc exploration
• Junior mining company
• Mining claims acquisition

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Mineral Exploration and Development: Pre-revenue exploration stage company focused on discovering and developing mineral resources. No revenue currently generated; funded through equity financings and private placements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Mosaic Minerals Corp. is a publicly traded mineral exploration company that acquires, advances, and develops early-stage mining exploration projects in Quebec, Canada. Its current portfolio targets gold (Golden Island, Amanda), nickel (Gaboury), and other base/strategic metals across more than 75,000 hectares of claims, monetized via property option agreements, earn-in arrangements, and joint-venture partnerships with other mining companies.

Product overview

Mosaic Minerals Corp. is a Canadian mining exploration company listed on the Canadian Securities Exchange (CSE: MOC) focused on the exploration of mineral properties in Quebec. The company's portfolio consists of multiple distinct mining exploration projects across Quebec, including the Golden Island gold property in Témiscamingue, the Amanda gold project in Jamésie, the Gaboury nickel project in Témiscamingue, the Lichen base metal property near Chibougamau, the 113 North polymetallic project in the Abitibi Greenstone Belt, and the Mirabelli SM and Maqua SM projects in James Bay. The company has shifted its strategic focus from lithium exploration toward gold and nickel exploration, holding over 75,000+ hectares of mining claims in Quebec.

Differentiator

Problem solved

Functional benefit

Products and services

• Golden Island Project A historic gold exploration property located on Tiblemont Island in Quebec, featuring the former Tiblemont Island gold mine discovered in the 1930s. The property contains historical resource estimates of approximately 391,000 tons at 2.8 g/t gold grade at shallow depth, with 2024 sampling identifying high-grade results of 101.19 g/t Au and 96.13 g/t Au and historical SOQUEM 1982 drilling returning up to 1.18 g/t Au over 17.7 meters.
• Amanda Gold Project Gold exploration project located in Jamésie, Quebec, originally accessible to Mosaic through a 2023-11-30 option agreement with Vanstar Mining Resources on 145 cells covering 7,677 hectares on Eeyou Istchee territory near James Bay, approximately 65 km northeast of the Whabouchi lithium deposit. The project contains numerous gold showings and was transitioned from prior lithium exploration focus to gold focus following the 2025 strategic pivot.
• Gaboury Nickel Project Nickel mining exploration project in Témiscamingue, Quebec, composed of 114 mining claim cells totalling 6,064 hectares, located approximately 150 km SW of the Rouyn-Noranda mining camp. The project includes Pike West, Pike Center, and Pike East nickel zones with confirmed magmatic Ni-Cu sulfide mineralization potential over a 4.5+ km corridor; Gaboury drilling intersected 135 meters at 0.34% Ni including 33 meters at 0.48% Ni.
• Lichen Property A base metal exploration project consisting of 282 claims covering approximately 15,622 hectares, located about 100 km west of the Chibougamau mining camp, underlain by volcanic rocks of the Obatogamau Formation. The property is held 100% by Mosaic following exercise of the Bullion Gold Resources option; an option granted to Castlebar Capital Corporation in June 2024 was subsequently abandoned in late 2024.
• 113 North Project A polymetallic project located in the southeastern part of the Abitibi Greenstone Belt, comprising 59 cells totalling 3,010 hectares within a 6- to 12-kilometre-wide band of volcano-sedimentary rocks. The project has potential for gold, copper, nickel, platinum, and palladium; the option agreement with Panther Minerals (formerly Lithium Lion Metals) was abandoned in late 2024.
• Mirabelli SM Project Mining exploration project located near Eastmain, James Bay, Quebec, consisting of 345 cells covering nearly 20 km², identified as having potential for gold, silver, base metals, and lithium, explored as part of Mosaic's 2024 James Bay program.
• Maqua SM Project Mining exploration project in James Bay, Quebec, explored as part of Mosaic's 2024 exploration work on multiple James Bay properties.

Quantifiable outcome

• Historical drilling returned up to 1.18 g/t Au over 17.7 meters at Golden Island
• +3 more outcomes

Segments1 record

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

Five partnerships are on record, tiered minor and core.

• Castlebar Capital CorporationminorChannel Partner/ Reseller/ Distributor · 11 June 2024Option agreement dated June 7, 2024 with Castlebar Capital Corporation (TSXV: CBAR.P) for Castlebar to acquire up to 100% interest in the Lichen Project. Castlebar intended this as its Qualifying Transaction for the TSX Venture Exchange Capital Pool Company program. Castlebar subsequently abandoned the option agreement in late 2024, with Mosaic regaining control of the property.
• Panther Minerals Inc. (formerly Lithium Lion Metals Inc.)minorChannel Partner/ Reseller/ Distributor · 30 November 2023Property option agreement with Lithium Lion Metals Inc. dated November 30, 2023 for option to acquire 100% of 113 North Project. Terms included $200,000 cash, 2,000,000 shares, and $1,325,000 exploration commitment over three years. Panther subsequently abandoned the option agreement in late 2024.
• Vanstar Mining Resources Inc.coreChannel Partner/ Reseller/ Distributor · 30 November 2023Option agreement with Vanstar Mining Resources Inc. for the Amanda project with 145 cells covering 7,677 hectares located on Eeyou Istchee territory, James Bay, approximately 65 km northeast of the Whabouchi lithium deposit. Mosaic later acquired 100% of Amanda property from IAMGOLD Corporation in 2024.
• IAMGOLD CorporationcoreStrategic or Co-development Partner · 21 September 2021Transaction completed to sell mining claims to IAMGOLD Corporation (TSX: IMG, NYSE: IAG). Transaction consisted of IAMGOLD acquiring 100% interest in 4 mining claims formerly part of the Opawica Property in Chibougamau area. Mosaic CEO Jonathan Hamel previously led discoveries at Monster Lake (optioned to Iamgold) and negotiated Vanstar-IAMGOLD earn-in on Nelligan project.
• Fokus Mining CorporationcoreStrategic or Co-development Partner · 12 May 2021Option agreement with Fokus Mining Corporation for earn-in of up to 80% interest in the Gaboury Project in North-Western Quebec. To earn first 60%: issue 3,000,000 shares, complete $150,000 exploration within 12 months, and $850,000 within 36 months. To earn additional 20%: notify by June 2024, incur $500,000/year for 5 years, complete NI43-101 Resource Estimate.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Others

• IAMGOLD Corporation: Mid-tier gold producer that has previously optioned or acquired claims from Mosaic's management team (Merrex, Nelligan, Opawica/Zone 325) and from Mosaic directly. Not a competitor for the same claims but the most likely acquirer/optioner of any discovery Mosaic makes, making it a relevant ecosystem and exit-path comparable.
• Hybrid Financial Ltd. Toronto-based investor relations and capital markets advisory firm engaged by Mosaic at C$21K/month for six months to broaden market awareness. Adjacent/ecosystem comparable as a capital-markets enabling vendor used by Canadian mining juniors.

Direct peers

• Vanstar Mining Resources Inc. Quebec-focused gold and critical minerals explorer with claims in the Nelligan/Eeyou Istchee area. Directly comparable as a junior CSE-listed Quebec gold/strategic minerals explorer that has optioned projects to IAMGOLD; Mosaic's CEO Hamel serves as Secretary of Vanstar and former CEO Morissette founded it.
• Stellar AfricaGold Inc. Quebec- and West Africa-focused gold explorer whose Opawica/Opémiska project provided the foundational asset that Mosaic shareholders received via the 2018 Plan of Arrangement. Directly comparable as a CSE-listed junior gold explorer in Quebec/Chibougamau geology.
• Fokus Mining Corporation: Quebec junior explorer that optioned both the Gaboury (to Mosaic) and 113 North projects to Mosaic. Direct peer as a small CSE-listed Quebec-focused explorer advancing similar-stage gold and base-metal assets.
• Bullion Gold Resources Corporation: Quebec junior mining explorer that sold the Lichen base-metal project to Mosaic. CEO Jonathan Hamel is concurrently President/CEO of Bullion Gold, so the two companies operate in the same Quebec greenstone belt exploration space with overlapping management and shared project economics.
• TomaGold Corporation: Quebec gold junior that optioned the Monster Lake–Zone 325 discovery (originated by Maurice Giroux's team) to IAMGOLD. Direct peer — same founder/geological thesis, same IAMGOLD optioning pathway, and same Chibougamau-area geology that Mosaic's Golden Island and Lichen projects sit in.

Broad incumbents

• Probe Metals Inc. Larger, well-funded Quebec gold explorer (TSX) operating in the Abitibi Greenstone Belt. Comparable as a Quebec-domiciled gold junior exploring similar geology, though at a much more advanced stage (multi-million-ounce resource) and with significantly greater market capitalisation than Mosaic.
• Amex Exploration Inc. TSX-listed Quebec gold explorer advancing the Perron project in the Abitibi. Comparable as a Quebec-focused gold explorer using similar drilling and geophysical techniques, though at significantly larger scale and resource stage than Mosaic.
• Cartier Resources Inc. Quebec-focused gold and base-metals explorer (TSX-V) operating the Cadillac and Chimo project groups. Comparable in that it explores the same Val-d'Or/Chibougamau corridor where Mosaic's projects sit, although with a much more advanced resource portfolio and larger capital base.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mosaicminerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds4 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 Mosaic Minerals