Pacific Bay Minerals

What Pacific Bay Minerals does

Pacific Bay Minerals Ltd. is a pre-revenue Canadian mineral exploration company headquartered in Vancouver, British Columbia, listed on the TSX Venture Exchange under the ticker PBM (CVE: PBM). The company's stated focus is critical minerals (tungsten, bismuth, copper, zinc, lead) and precious metals (gold, silver) exploration in British Columbia. Its portfolio is concentrated on two 100%-owned BC projects: the Haskins-Reed Critical Minerals Project, a polymetallic property hosting silver, tungsten, bismuth, copper, zinc, lead, and gold across multiple high-grade mineralized zones with 198 historical drill holes and 1,500 metres of underground development, and the Weaver Gold Project, a high-grade gold-silver property now under option to Aurwest Resources for a 50% earn-in. Both properties were assembled by consolidating previously-explored mineralized zones in BC's active mining belts.

The company employs traditional mineral exploration methodologies — diamond drilling, airborne magnetic geophysics, soil geochemistry, and geological mapping — to identify and advance mineral resource targets. Management describes a capital-efficient operating model in which properties are advanced via earn-in / option / joint-venture agreements (e.g., Aurwest for Weaver; Eagle Plains LOI for Mount Haskins) that allow partners to fund exploration in exchange for equity interests. As of early 2026, the company has fewer than 10 employees — a small management team plus Brazil-based country-manager support — and operates with no internal revenue.

Pacific Bay generates no operating revenue and funds its activities through non-brokered private placements (including flow-through share tranches qualifying as Canadian Exploration Expenses), warrant exercises, occasional asset sales (e.g., the Sphinx property sale announced November 2025), and option payments from JV partners. Capital raises from 2020 through 2025 have been modest, typically in the $100,000–$515,000 CAD range per tranche, with a $2 million Brazil-targeted placement in mid-2025 subsequently cancelled. The company's primary counterparty relationships are with JV partner Aurwest Resources and underlying claim holder Eagle Plains Resources; its primary investor base consists of retail and institutional shareholders holding TSX-V listed common stock. Two material 2025 setbacks — the failed Pereira-Velho Brazil acquisition (announced July 2025, terminated December 2025) and the lapsed Atlin Goldfields option — narrowed the forward pipeline, while April 2026 partnerships on Weaver Gold and Mount Haskins represent a partial re-set of the project pipeline.

Name

Pacific Bay Minerals

Legal name

Pacific Bay Minerals Ltd.

Website

https://pacificbayminerals.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Pacific Bay Minerals Ltd. is a pre-revenue Canadian mineral exploration company listed on the TSX Venture Exchange (PBM), advancing critical minerals and precious metals projects in British Columbia through diamond drilling, geophysics, and JV-funded earn-in agreements.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

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

akta.pro primary industry

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

akta.pro secondary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Mineral exploration services
• Critical minerals exploration
• Precious metals exploration
• Junior mining exploration
• Mining property development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales

Revenue model

1. Mineral Exploration (Pre-Revenue): Pacific Bay is a pre-revenue junior mining exploration company. The company generates no operating revenue and relies entirely on equity financings, joint venture option payments from partners, and occasional asset sales to fund operations. All properties are in exploration stage with no current production.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Pacific Bay Minerals is a pre-revenue junior mineral exploration company advancing a portfolio of critical minerals and precious metals projects in British Columbia, Canada. The company employs diamond drilling, airborne geophysics, soil geochemistry, and geological mapping to identify and advance mineral resource properties, primarily through joint venture and option agreements with partner mining companies.

Product overview

Pacific Bay Minerals is a Canadian mineral exploration company operating a portfolio of mining projects in British Columbia. The company's primary assets include the 100% owned Haskins-Reed Critical Minerals Project (a polymetallic silver, tungsten, bismuth, copper, zinc, lead, and gold exploration property) and the Weaver Gold Project (a gold/silver property currently under option to Aurwest Resources). The company is listed on the TSX Venture Exchange under the symbol PBM.

Differentiator

Problem solved

Functional benefit

Products and services

• Haskins-Reed Critical Minerals Project Flagship 100% owned critical minerals exploration project in northwestern British Columbia hosting tungsten, copper, bismuth, silver, lead, zinc, and gold in multiple high-grade polymetallic zones with over 125 drill holes and significant underground workings.
• Weaver Gold Project 100% owned gold/silver property in southwestern British Columbia under option to Aurwest Resources, featuring orogenic gold-silver mineralization in structurally controlled quartz-carbonate vein systems with historical high-grade results up to 63.77 g/t gold.

Quantifiable outcome

• Haskins-Reed B-Zone historical estimate: 369,000 tonnes developed ore grading 56.9 g/t Ag, 0.53% Cu, 2.77% Zn, plus 1,370,000 tonnes inferred (historical estimates, not NI 43-101 compliant)
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Eagle Plains Resources Ltd.coreStrategic or Co-development Partner · 27 April 2026Pacific Bay signed Letter of Intent (LOI) for Mount Haskins option, expanding the Haskins-Reed Critical Minerals Project near Cassiar, BC. Eagle Plains Resources holds the underlying property interest.
• Aurwest Resources CorporationcoreStrategic or Co-development Partner · 14 April 2026Definitive option and joint venture agreement where Aurwest can earn up to 50% undivided interest in Weaver Gold property in British Columbia over three years. Aurwest will make staged cash payments totaling $70,000, issue shares worth $175,000, and complete $325,000 in exploration work. Upon completion, a 50/50 JV forms with Pacific Bay as initial operator. Property subject to 3% NSR royalty with buydown provisions.
• Brixton Metals CorporationminorStrategic or Co-development PartnerPacific Bay previously held option to acquire up to 100% interest in Atlin Goldfields Project from Brixton Metals, including a 51% earn-in option for $1.725M cash, 5.25M shares, and $3.5M exploration. This agreement is no longer proceeding per December 2025 update.

Scale indicators7 records

Recent moves10 records

Expansion highlights4 records

Direct peers

• Aurwest Resources Corp. British Columbia-focused gold and silver junior explorer; direct JV/option partner on Pacific Bay's Weaver Gold property and operates in the same East Harrison Lake Belt jurisdiction with similar grassroots gold-silver targeting.
• Cassiar Gold Corp. BC-focused gold explorer anchored by the Taurus project immediately adjacent to Pacific Bay's Haskins-Reed property; shares the same Cassiar/Skeena district orogenic gold thesis and similar pre-resource stage profile.
• Eagle Plains Resources Ltd. Saskatchewan/BC project-generator that uses earn-in JV structures to advance mineral properties without operator capital; comparable to Pacific Bay on the property-packaging and JV-monetization model, and is itself Pacific Bay's option partner on Mount Haskins.
• Brixton Metals Corporation: BC-focused gold-copper-silver explorer; was the counterparty from which Pacific Bay optioned Atlin Goldfields and shares the same junior-explorer capital-markets dynamic and North-West BC thesis.
• Neotech Metals Corp. Critical-minerals / rare-earth junior led by the same CEO (Reagan Glazier); operates with parallel management, board overlap, and a similar early-stage exploration capital-markets profile to Pacific Bay.
• Eastfield Resources Ltd. BC-focused mineral-exploration junior with board overlap through Pacific Bay director Reagan Glazier; operates with a comparable project-generator model and small market-cap TSX-V profile.
• Cariboo Rose Resources Ltd. British Columbia gold and copper junior where Pacific Bay CEO Reagan Glazier sits as a director; provides a near-clone comparable on size, capital-markets structure, and BC-focused grassroots exploration stage.

Broad incumbents

• Coeur Mining, Inc. Mid-tier precious-metals producer operating the Silvertip mine directly adjacent to Pacific Bay's Haskins-Reed project; provides the closest district-context reference for any commercial or M&A outcome on Pacific Bay's flagship asset.

Emerging players

• G Mining Ventures Corp. Now-producing Brazilian gold developer (Tocantinzinho) whose discovery involved Pacific Bay's geological advisor Elton Pereira; provides regional-context comparability for any Brazil pipeline Pacific Bay may reopen.
• TriStar Gold Inc. Brazil-focused gold developer advancing Castelo de Sonhos, where Pacific Bay geological advisor Elton Pereira also contributed; relevant comparable for any Brazil-oriented asset Pacific Bay may add to its pipeline.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/pacificbaymin
• LinkedInlinkedin.com/company/pacificbayminerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds1 record

Investors

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 Pacific Bay Minerals