What FANCAMP EXPLORATION does

Fancamp Exploration Ltd. (TSX.V: FNC) is a Canadian junior mineral exploration and investment company headquartered in Montreal, Quebec, with a property portfolio spanning Ontario, Quebec, and New Brunswick. Its operations span two tracks: (1) an investment/royalty portfolio that holds a C$34.5 million secured convertible promissory note from KWG/Canadian Chrome Company (6% annual interest, ~$2M/year), a >$20M marketable securities portfolio (~Champion Iron, NeoTerrex, Vision Lithium, PTX Metals) yielding ~$0.5M in annual dividends, and multiple NSR royalties including future production payments of up to $40M from Fermont properties; and (2) a portfolio of mineral exploration properties — Egan Gold (option for 80%), Acadian Gold JV with Lode Gold (445 km² in New Brunswick), the GoldCo JV with PTX Metals (25%) in the Abitibi, plus Clinton (Cu-Zn VMS), Grasset (Au-Ni-Cu), Dileo and Stoke projects, and a ~96% interest in Magpie Mines (one of the world's largest undeveloped hard rock titanium deposits). The company also holds six patent applications covering proprietary titanium extraction and processing technology (agglomeration, upgraded TiO2 feedstock, titanium metal for 3D printing, selective salt removal, critical element recovery).

The business model is GTM-light: Fancamp monetizes primarily through asset sales (e.g., the 2022 sale of Koper Lake-McFaulds claims for the C$34.5M note plus 2% NSR), joint venture and option agreements where partners fund exploration (PTX Metals operates GoldCo; Harfang operates Egan), royalty generation on partner-developed properties, and equity investment gains. Pricing is non-traditional for a tech/product company — revenue derives from interest on the convertible note, dividends on the securities portfolio, royalties contingent on third-party production, and future finite production payments. Distribution is exclusively through the TSX Venture Exchange under ticker FNC.

As of May 2026, Fancamp announced an arrangement agreement to spin out its mineral exploration assets into a new entity, Goldera Exploration Ltd. (separate TSX-V listing planned, $5.5M concurrent financing), while the parent transitions from a Tier 2 Mining Issuer to a Tier 2 Investment Issuer and renames to ERDA Resource Opportunities Inc. Existing shareholders will receive 1/7th of a Goldera share for each Fancamp share held.

Name

FANCAMP EXPLORATION

Legal name

Fancamp Exploration Ltd.

Website

https://fancamp.ca

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Fancamp Exploration Ltd. is a Canadian junior mineral exploration and investment company (TSX.V: FNC) that holds a diversified portfolio of mineral claims across Ontario, Quebec, and New Brunswick, a C$34.5M interest-bearing note, a >$20M marketable securities portfolio, NSR royalties, and proprietary titanium processing patents, currently spinning out exploration assets into Goldera Exploration Ltd.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Mineral Royalty Traders (6795), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG), Critical Minerals Recycling & Urban Mining (Li, Ni, Co, Graphite, REE) (IMAKAFAK), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Mineral exploration
• Titanium processing
• Royalty interests
• Critical minerals
• Junior mining

Headquarters

HQ city

Burnaby

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Income: Dividend income from marketable securities portfolio (approximately $0.5 million per annum) including shares in Champion Iron, Canadian Chrome Company, and NeoTerrex Minerals.
2. Interest Income: 6% annual interest ($2 million per annum) on the C$34.5 million secured convertible promissory note issued by Canadian Chrome Company, originally issued September 2022.
3. Royalty Income: Net smelter return (NSR) royalties on multiple properties including 2% NSR on Koper Lake-McFaulds, 2% NSR on Magpie Titanium Property, 2% NSR on Riley Brook, 2% NSR on Robidoux, 2% NSR on Wells Claims, 3.5% GMR on Beauce Claims, and 1% NSR on Mallard/Heenan/Dorothy properties.
4. Production Payments: Future finite production payments (aggregate value up to $40 million) from certain Fermont properties held by Champion Iron in the Fermont Iron Ore District, payable once production thresholds are reached.
5. Asset Monetization: Strategic sale and monetization of non-core mineral properties (e.g., sale of Koper Lake-McFaulds claims for C$34.5M note plus 2% NSR; property sale agreements with Vision Lithium).

Go-to-market motion2 records

Distribution channels1 record

Marketing channels8 records

Core offering

Fancamp Exploration Ltd. acquires, develops, and monetizes mineral exploration properties across Ontario, Quebec, and New Brunswick, targeting copper, gold, zinc, titanium, chromium, and rare earth elements. The company operates a dual model of active project development through joint ventures (with operators such as PTX Metals, Lode Gold, and Harfang) and a cash-generating investment portfolio that includes royalties (NSR on multiple properties), a C$34.5 million secured convertible note from Canadian Chrome Company, marketable securities (>$20 million portfolio), and proprietary titanium extraction and processing technology under six patent applications.

Product overview

Fancamp Exploration Ltd. is a Canadian mineral exploration company operating a dual business model: (1) Investment Issuer operations holding a diversified portfolio of marketable securities, royalties, and the $34.5M KWG convertible note, and (2) a portfolio of mineral exploration projects and titanium technology assets. The exploration business is being spun out into Goldera Exploration Ltd., leaving Fancamp as an investment-focused vehicle. Key exploration assets include the Egan Gold Project (option for 80% interest), Acadian Gold Joint Venture with Lode Gold (445 km² in New Brunswick), Clinton copper-zinc VMS project, Grasset gold project, Diléo and Stoke projects. The proprietary Titanium Technology includes agglomeration, upgraded TiO2 feedstock production, titanium metal for 3D printing, and selective recovery of critical elements (patented). Investments include stakes in Champion Iron (2.7M shares), NeoTerrex Minerals (~15%), PTX Metals (25% JV + shares), Vision Lithium (1.5M shares), and a $34.5M secured note from KWG/CACR.

Differentiator

Problem solved

Functional benefit

Products and services

• Mineral Exploration Services Core exploration services creating value through medium-term growth and monetization opportunities with strategic interests in high-potential mineral projects, royalty portfolio and exploration properties across Ontario, Québec and New Brunswick, Canada.
• Titanium Technology Proprietary titanium extraction and processing technology with six international patent applications covering agglomeration, upgraded TiO2 feedstock production from low-grade ore without melting, closed-loop titanium metal production for 3D printing (~$30,000/metric ton), selective salt metal removal, and selective recovery of critical elements (rare earths, vanadium, scandium) from titanium-iron resources.
• Acadian Gold Joint Venture Joint venture with Lode Gold Resources Inc. for a 445 km² district-scale land package in New Brunswick covering McIntyre Brook and Riley Brook properties for gold and copper exploration in the Appalachian Gold Corridor.
• Egan Gold Project Option to acquire up to 80% interest in the Egan property (449 claims, ~12,000 hectares) hosting a syenite gold system in Ontario's Abitibi greenstone belt.
• Clinton Project 100%-owned copper-zinc volcanogenic massive sulfide (VMS) project in the Appalachian region of Southern Québec with historic production and multiple mineralized lenses extending over 5 km.
• Grasset Project Gold, nickel, copper project (427 claims, 236 km²) along the Detour-Fenelon Gold Trend and Sunday Lake Deformation Zone in Ontario.
• Diléo Project Gold, copper, zinc, silver project (20 claims, ~10 km²) in the Frotet-Evans Greenstone Belt in Quebec, hosting VMS and gold showings.
• Stoke Project Copper, gold, zinc, lead project in the Eastern Townships of Québec covering 20 km of favorable geology within the Ascot-Weedon VMS Belt.
• Magpie Mines Titanium Asset (Magpie Fe-Ti-V Deposit) ~96% stake in Magpie Mines Inc. holding one of the world's largest undeveloped hard rock titanium (+vanadium) deposits, located near Rio Tinto's Lac Tio Mine.
• Royalty Portfolio Portfolio of royalties including 2% NSR on Koper Lake-McFaulds, future production payments from Fermont properties, and NSR royalties across Quebec, Ontario, and Atlantic Canada properties including Riley Brook, Robidoux, Wells Claims, Beauce Claims, Magpie Titanium, and Mallard/Heenan/Dorothy properties.

Quantifiable outcome

• Dividend income of approximately $0.5 million per annum from marketable securities portfolio
• +3 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Harfang Exploration Inc.coreStrategic or Co-development Partner · 12 November 2025Fancamp entered an option agreement with Harfang to acquire up to 80% interest in the Egan Gold Project in Ontario's Abitibi greenstone belt. Fancamp can earn an initial 40% by paying $100,000 and funding $1.5M in exploration over 2 years, with an option to earn an additional 40% through further $100,000 payments and $2.5M in exploration over 4 years. Harfang has the option to convert to a 51%/49% JV upon Fancamp's second option election.
• Lode Gold Resources Inc.coreStrategic or Co-development Partner · 27 August 2024Acadian Gold joint venture between Fancamp and Lode Gold Resources for a 445 km² land package in New Brunswick, combining Fancamp's Riley Brook property (334.5 km²) with Lode Gold's McIntyre Brook holdings (111 km²). The joint venture is advancing a district-scale gold-copper exploration play in the Appalachian Gold Corridor.
• Acadian Gold Corp.coreStrategic or Co-development Partner · 27 August 2024Joint venture entity between Fancamp and Lode Gold Resources for the advancement of the Acadian Gold project — a 445 km² district-scale land package in New Brunswick targeting gold and polymetallic mineralization.
• PTX Metals Inc.coreStrategic or Co-development Partner · 6 February 2023South Timmins Mining Joint Venture ('GoldCo') held 25% FNC / 75% PTX on combined properties Shining Tree, Heenan Mallard, and Dorothy in the SW Abitibi Greenstone Belt. Fancamp holds option to increase stake to 50%. PTX serves as operator. Fancamp also holds 6,467,435 shares and 3,233,718 warrants of PTX.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• EMX Royalty Corp. Vancouver-based royalty and mineral prospect generation company with a diversified portfolio of royalties, streams, and exploration interests across multiple commodities. Closely comparable to Fancamp's evolving model — Fancamp's CIO Kit Spring worked at EMX Royalty from 2019 to 2025.
• NextSource Materials Inc. Toronto-listed developer of the Molo graphite mine in Madagascar with downstream battery anode material ambitions. Comparable as a critical-minerals focused junior targeting titanium/REE adjacent battery supply chains.
• KWG Resources Inc. (The Canadian Chrome Company): Counterparty in Fancamp's $34.5M secured convertible note; a junior developer focused on chromite deposits in Ontario's Ring of Fire. Tangentially comparable as a Canadian junior explorer operating in the same district with similar financing structures.
• PTX Metals Inc. Toronto-listed junior gold/copper explorer and operator of the GoldCo South Timmins JV with Fancamp (25% Fancamp / 75% PTX). Directly comparable gold-focused Abitibi explorer, and also a strategic equity holding of Fancamp.
• Lode Gold Resources Inc. JV partner in Acadian Gold (New Brunswick), combining the McIntyre Brook and Riley Brook holdings. Comparable junior gold-copper explorer with district-scale Appalachian assets.
• NeoTerrex Minerals Inc. Quebec-focused rare earth elements explorer in which Fancamp holds a ~15% stake (11.8M shares); Fancamp director Mathieu Stephens is also NeoTerrex's CEO. Highly comparable Canadian junior critical minerals explorer with overlapping capital and management.

Broad incumbents

• Triple Flag Precious Metals Corp. Toronto-listed precious metals streaming and royalty company with a much larger market cap, holding a diversified portfolio of streaming agreements and NSRs. Comparable as a scaled benchmark for the royalty/NSR revenue model Fancamp is building toward; Blake Rhodes (Fancamp board) also serves on Triple Flag's board.
• Altius Minerals Corporation: St. John's-based diversified royalty and mineral interests company with royalties, streaming, and direct project stakes across base metals, gold, iron ore, and critical minerals. Closely comparable diversified royalty/junior-mining model targeting Tier 1 jurisdictions.
• Champion Iron Limited: Australian-listed iron ore producer operating Bloom Lake in Quebec, with adjacent Fermont district holdings generating the up-to-$40M production payments to Fancamp. Comparable as both an investee (Fancamp holds 2.7M shares) and as a Tier 1 operator whose production milestones drive Fancamp contingent revenue.

Regional players

• Harfang Exploration Inc. Montreal-based junior gold explorer optioning the Egan Gold Project to Fancamp (up to 80% interest). Comparable Canadian-focused precious metals explorer with similar early-stage asset profiles in the Abitibi.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/FancampLtd
• Facebookfacebook.com/fancampexploration
• LinkedInlinkedin.com/company/fancamp-exploration-ltd
• Instagraminstagram.com/fancampexploration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

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

M&A

Investments1 record

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

Frequently asked questions about FANCAMP EXPLORATION