Metallis Resources

What Metallis Resources does

Metallis Resources Inc. is a Vancouver-based, TSX Venture-listed junior mineral exploration company (TSX.V: MTS; OTCQB: MTLFF; FSE: 0CVM) focused on precious and critical metal discoveries in North America. The company operates two exploration-stage assets: the 100%-owned Kirkham Property, a 106 km² copper-gold porphyry project located 65 km north of Stewart, B.C. within the Eskay Camp of the Golden Triangle and along the prospective 'Red-line' geological boundary; and the optioned Greyhound Property, a 673-hectare silver-gold-antimony shear zone project in Custer County, Idaho. Technical work relies on conventional mineral exploration methods including diamond drilling, airborne (VTEM/ZTEM) and ground (IP) geophysical surveys, 3D geological modeling integrating historical underground data, and geochemical analysis through third-party laboratories such as ALS Labs.

The company's business model is capital-intensive and pre-revenue: it raises exploration capital through recurring non-brokered private placements of common shares, flow-through shares, and units with warrants, supported by investor relations activities including news wire distribution, video interviews, and exchange-mandated disclosures. Cumulative equity financings since 2018 total approximately CAD $11.3 million. The intended return mechanism is eventual property disposition, joint venture with a major mining company, or royalty stream upon discovery and advancement of a deposit to production. The company's customer base consists of retail and institutional junior mining investors providing capital, with major mining companies (e.g., Seabridge Gold, Pretium Resources, Newcrest) as potential future joint venture or acquisition counterparties given the proximity of Kirkham to producing and development-stage deposits such as KSM and Brucejack. The company has maintained conservative share dilution (~75-101 million shares outstanding after 12+ years) with approximately 8% management ownership and no insider share sales.

Name

Metallis Resources

Legal name

Metallis Resources Inc.

Website

https://metallisresources.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Metallis Resources is a Vancouver-based, TSX Venture-listed junior mineral exploration company advancing two North American critical-metal assets: the 100%-owned Kirkham copper-gold porphyry project in British Columbia's Golden Triangle and the optioned Greyhound silver-gold-antimony project in Idaho, funded via recurring private placements to retail and institutional investors.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Other Metal Ore Mining (212290), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

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

akta.pro industry

PRIMARYIMAKAEAI

Precious Metals Exploration & Project Development

Industrials, Manufacturing & Construction/Metals & Mining/Precious Metals Mining & Refining (Gold, Silver, Platinum Group)

SECONDARYIMAKADAA

Copper Exploration & Resource Development

Industrials, Manufacturing & Construction/Metals & Mining/Copper Mining & Smelting/Refining

SECONDARYIMAKAFAL

Exploration & Resource Development (Critical Minerals)

Industrials, Manufacturing & Construction/Metals & Mining/Battery & Critical Minerals Mining (Lithium, Nickel, Cobalt, Graphite, Manganese, Rare Earths)

Keywords

• Mineral exploration services
• Gold copper exploration
• Porphyry copper gold
• Critical metals mining
• Junior mining exploration

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, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Equity Financing / Private Placements: The primary revenue mechanism is raising capital through non-brokered private placements of common shares, flow-through shares, and units with warrants. Recent financings include $2M placement (June 2026), $1.262M placement (March 2026), and multiple previous rounds ($3.7M in 2021, $4M in 2018, etc.).
2. Property Disposition / Joint Ventures: Exploration companies like Metallis generate returns through sale of properties, joint ventures, or option agreements with major mining companies. The company holds 100% interest in Kirkham and optioned Greyhound Property.
3. Future Production Royalties: If deposits are discovered and advanced to production, the company would receive royalty payments or proceeds from asset sales. Currently pre-revenue exploration stage.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Metallis Resources Inc. is a Vancouver-based mineral exploration company that acquires, explores, and advances precious and critical metal mineral properties in North America. The company actively advances two properties: the 100%-owned 106 sq. km Kirkham Property (copper/gold porphyry project in British Columbia's Golden Triangle) and the optioned 673-hectare Greyhound Property (silver/gold/antimony shear zone project in Idaho, USA). Activities include geological mapping, diamond drilling, geophysical surveys, and 3D modeling aimed at defining mineral resources.

Product overview

Metallis Resources Inc. is a Vancouver-based mineral exploration company operating two distinct exploration properties: the Kirkham Property (100%-owned copper/gold porphyry project in British Columbia's Golden Triangle) and the Greyhound Property (optioned silver/gold/antimony shear zone project in Idaho, USA). The company does not offer software products, platforms, or technology services—it focuses exclusively on mineral exploration through geological mapping, geophysical surveys, drilling programs, and geochemical sampling at these two properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Kirkham Property
• Greyhound Property

Quantifiable outcome

• Drill intercept of 137 g/t Au over 0.6m within 7.7m grading 11.18 g/t Au at Cole target (KH18-19)
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Greyhound Property Option AgreementcoreStrategic or Co-development Partner · 1 February 2024Metallis optioned the Greyhound Property in February 2024. Property located in Custer County, Idaho, approximately 42km northwest of Stanley. The property was the center of an active silver mining camp in the early 1900's. 673 hectares staked around the original property.
• Eskay Mining CorpminorStrategic or Co-development Partner · 9 August 2018Joint VTEM survey conducted with Eskay Mining covering the eastern border of Kirkham Property. 173km² total survey area with 232 line km for Metallis and 1,573 line km for Eskay. Cost sharing arrangement with technical information exchange for the border area. Eskay holds 52,000 hectares of mineral tenures directly to the east of Kirkham.
• Nicosia Capital CorpminorGTM or Marketing Partner · 1 August 2018Investor relations and shareholder communications services contract for initial six months at $3,500 per month. Nicosia introduces Metallis to their network of investors. Contract extended in September 2019.
• Tahltan Central GovernmentcoreStrategic or Co-development Partner · 15 May 2018Communications Agreement covering the Kirkham Property located within Tahltan traditional territory. Establishes framework for open dialogue, transparent communications and mutual cooperation on exploration activities. Includes opportunities for cultural, economic and educational support for Tahltan members. Critical for responsible exploration in BC's northwest.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Eskay Mining Corp: Direct neighbor and exploration partner at the eastern border of Kirkham. Eskay holds ~52,000 hectares adjacent to Metallis and conducted the joint VTEM survey; both companies are junior explorers pursuing VMS, porphyry, and shear-hosted gold targets in the Golden Triangle's Eskay Camp.
• Tudor Gold: Junior explorer advancing the Treaty Creek project along the same Red-Line trend in BC's Golden Triangle, directly comparable to Kirkham in geological setting, deposit type (porphyry Cu-Au), and stage of advancement.
• Skeena Resources: Junior explorer/developer that reactivated the past-producing Eskay Creek mine — a deposit model that Metallis is also targeting at Kirkham (VMS stratigraphy). Comparable in stage, jurisdiction, and target style.
• Perpetua Resources: Developer of the Stibnite gold-antimony mine in Idaho, located 35 km from Metallis's Greyhound Property. Perpetua is the most directly comparable peer for the Greyhound asset given the shared antimony-gold shear-zone target style and Idaho jurisdiction.

Broad incumbents

• Seabridge Gold: Operator of the KSM project (88 M oz Au M+I) located 12-20 km from Kirkham. Seabridge is a major-incumbent explorer/developer in the Golden Triangle and a logical potential acquirer or JV partner for Metallis given the shared Red-Line geology.
• Pretium Resources: Operator of the producing Brucejack high-grade gold mine located ~20 km from Kirkham. Pretium serves as a geological analog and potential strategic acquirer for Metallis given the shared district infrastructure and exploration upside.
• Coeur Mining: Major North American silver producer with extensive operations in Idaho's Silver Valley — the same district that Greyhound's historic mining camp belongs to. Coeur is a relevant regional incumbent for benchmarking silver-project economics and a potential strategic partner.
• Hecla Mining: Largest silver producer in the U.S. with flagship operations in Idaho's Silver Valley. Hecla is a relevant incumbent for the Greyhound silver-antimony-gold thesis and a logical strategic acquirer for polymetallic Idaho assets.

Emerging players

• StrikePoint Gold: Junior explorer with multiple properties in BC's Golden Triangle, providing a comparable market-cap and stage benchmark for assessing Metallis's relative valuation and exploration optionality in the district.
• Mason Resources: Junior critical-minerals explorer focused on copper and nickel in British Columbia. Compares to Metallis's magmatic nickel-sulphide and copper-gold porphyry targets at Kirkham, particularly the Thunder North area.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MetallisResources
• LinkedInlinkedin.com/company/coltstar-ventures-inc.
• Instagraminstagram.com/metallisresources

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds7 records

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 Metallis Resources