Metals Creek Resources

What Metals Creek Resources does

Metals Creek Resources Corp. (TSX-V: MEK, OTC: MCREF, FRA: M1C1) is a Canadian junior mineral exploration company incorporated under the laws of Ontario in 2008, headquartered in Thunder Bay, Ontario with operational offices in Gander, Newfoundland. The company identifies, acquires, explores, and develops mineral resource properties, with current interests in Ontario, Newfoundland and Labrador, and the Yukon. Metals Creek operates a portfolio of gold, copper, critical metals (REE, antimony, zinc, lead, silver), and emerging natural hydrogen-helium exploration projects. The flagship is the Ogden Gold Project, a 50/50 joint venture with Discovery Silver (formerly Goldcorp) where MEK serves as operator, covering 8km of strike length along the prolific Porcupine-Destor Break in the Timmins Gold Camp; notable high-grade drill results include 210.19 g/t Au over 12.53m and 40.61 g/t Au over 2.6m with visible gold. The company is also advancing hydrogen-helium projects in Newfoundland (Smoking Gun and Parson's Pond) in a 50/50 JV with Benton Resources, and holds the Dona Lake Gold Project optioned from Newmont Goldcorp in northwestern Ontario.

The company's underlying exploration technology combines diamond drilling, soil gas sampling, airborne geophysical surveys (EM/Mag), hyperspectral satellite imagery analysis, and structural data analysis for drill targeting optimization. Metals Creek does not generate meaningful product revenue; its capital is raised through repeated non-brokered private placements (over $3.5M raised across 2025-2026 tranches), and it advances projects primarily through joint venture partnerships and option agreements where partners earn interests by making cash/share payments and work commitments. The company retains NSR royalties on optioned properties (e.g., 2% NSR on Jackson's Arm capped at $1.5M, 1% NSR on Tilt Cove). Key joint venture and option partners include Discovery Silver, Benton Resources, Newmont Goldcorp, Lomiko Metals, Anaconda Mining, Sokoman Minerals, and Manning Ventures. The company is led by President & CEO Alexander (Sandy) Stares and VP Exploration Michael MacIsaac (Qualified Person under NI 43-101), with a small team of 1-10 employees.

Metals Creek's go-to-market is sales-led, leveraging investor relations activities (including an AGORACOM digital marketing campaign using AI-generated content), active social media presence, and regular press releases to reach retail and institutional investors. The company's customer base in a traditional sense is effectively its joint venture and option partners, who serve as the counterparties funding exploration in exchange for property interests. Distribution is limited to project-level partnerships rather than product sales channels, consistent with pre-revenue junior mining sector norms.

Name

Metals Creek Resources

Legal name

Metals Creek Resources Corp.

Website

https://metalscreek.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

Metals Creek Resources Corp. (TSX-V: MEK) is a Canadian junior mineral exploration company identifying, acquiring, and developing gold, copper, critical metals, and natural hydrogen-helium properties in Ontario, Newfoundland, and Yukon, partnering with majors including Discovery Silver, Benton Resources, and Newmont Goldcorp on joint ventures.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Other Metal Ore Mining (212290), Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (21229)

SIC

Gold And Silver Ores (1040), Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Mineral exploration services
• Gold exploration projects
• Junior mining company
• Critical metals exploration
• Natural hydrogen exploration

Headquarters

HQ city

Thunder Bay

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Property Option Payments: The company receives cash and share payments from option partners who earn interests in exploration properties. Examples include Lomiko Metals paying $23,125 plus shares for Yellow Fox, and Anaconda Mining making payments for Jackson's Arm and Tilt Cove properties.
2. Joint Venture Partnerships: The company enters 50/50 joint ventures where it serves as operator (e.g., Ogden Gold Project with Discovery Mining), earning interest in properties through exploration expenditures.
3. Net Smelter Return Royalties: The company retains NSR royalties on properties optioned to partners, such as 2% NSR on Jackson's Arm (capped at $1.5M), 1% NSR on Tilt Cove, and 2% NSR on Clarks Brook.
4. Asset Divestiture: The company divests non-core assets through option agreements where partners earn interests by making payments and completing work commitments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Metals Creek Resources Corp. is a junior mineral exploration company that identifies, acquires, explores, and develops mineral resource properties in proven mining districts of Canada. The company's portfolio spans gold (Ogden, Dona Lake, Flint Lake), copper (Tillex), critical metals and rare earth elements (Yellow Fox), antimony (Careless Cove), and emerging natural hydrogen-helium (Smoking Gun, Parson's Pond) projects in Ontario, Newfoundland and Labrador, and Yukon. Metals Creek advances its projects primarily through joint ventures (e.g., 50/50 with Discovery Silver and Benton Resources) and option agreements, retaining NSR royalties and operator roles to manage capital requirements.

Product overview

Metals Creek Resources is a junior mineral exploration company with a portfolio of mining exploration projects across Ontario and Newfoundland and Labrador, Canada. The company operates as a TSX Venture Exchange listed entity (TSX-V: MEK) focused on gold, copper, critical metals, and emerging hydrogen-helium exploration. Primary assets include the Ogden Gold Project (50/50 JV with Discovery Silver) and Dona Lake Gold Project (optioned from Newmont Goldcorp) in Ontario, alongside hydrogen-helium exploration projects (Smoking Gun and Parson's Pond, 50/50 with Benton Resources) and various gold/antimony/copper/REE properties in Newfoundland and the Yukon. The company serves as operator on joint ventures while seeking to advance projects through exploration and option partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• Ogden Gold Project Gold exploration project located 6 km south of Timmins, Ontario along the Porcupine-Destor Break, operated as a 50/50 joint venture with Discovery Silver. Covers 8km of strike length and includes the former Naybob Gold Mine with six mineralized zones (Naybob North/South/West, Porphyry Hill, Thomas Ogden, Thomas Ogden West). Recent drilling returned 40.61 g/t Au over 2.6m including 152 g/t Au over 0.6m.
• Dona Lake Gold Project Past-producing gold mine optioned from Newmont Goldcorp located in the Pickle Lake Greenstone Belt, 9 km southeast of Pickle Lake, Northwestern Ontario. Metals Creek can earn 100% interest. Previous production from 1989-1994 totaled 246,500 oz at 7.44 g/t grade. Features Main Zone and B Zone mineralization in banded iron formations.
• Yellow Fox Property Critical metals and rare earth element property in Central Newfoundland, optioned to Lomiko Metals Inc. Expanded to 109 claim units covering 2,725 hectares. Shows anomalous HREE+Y/LREE ratios up to 1.25 with elevated Dysprosium and Terbium values, prospective for antimony, zinc, lead, gold, silver, and REEs.
• Smoking Gun Project Natural hydrogen and helium exploration project in the Deer Lake Basin, Newfoundland, held as a 50/50 joint venture with Benton Resources. Land position expanded to 654 units covering 163.5 km². Historical data shows anomalous helium values up to 8,900 ppb in water samples from drill hole 79-67.
• Parson's Pond Project Natural hydrogen and helium exploration project in western Newfoundland held as a 50/50 joint venture with Benton Resources. Land position expanded to 641 units covering 160.3 km². Historical drill logs show methane concentrations reaching 72% across holes 14.2 km apart, indicating a prospective gas system for natural hydrogen and helium.
• Careless Cove Property Gold and antimony exploration property in Newfoundland. Recent sampling returned high-grade gold ranging from 0.07 to 10.54 g/t and antimony up to 2.3%, indicating potential mineralization near regional structures. Available for option as a farmout opportunity.
• Flint Lake Gold Project Gold exploration project in northwestern Ontario operated through a joint venture where Metals Creek holds 81.3% interest and Endurance Gold Corporation holds 18.7%. Prime focus is on the Stephens Lake Property featuring gold mineralization in an altered granodiorite intrusion.
• Tillex Copper Project Copper exploration project located 65 km east of Timmins, Ontario, near Xstrata's Kidd Creek metallurgical site. Contains the Tillex Copper Deposit with historical near-surface resource of 1,338,000 tonnes grading 1.56% Cu. Mineralization consists of chalcopyrite and minor bornite.
• Clark's Brook Property Gold exploration property in central Newfoundland, 35 km southeast of Sokoman's Moosehead project. Features epithermal-style gold mineralization with textures including jasperoid development, silica sinters, and pathfinder elements such as antimony and arsenic. Previously optioned to Sokoman Minerals and now returned to Metals Creek, available for option.
• Garrison Gold Project Gold exploration project consisting of 10 patented mining claims in Garrison Township, approximately 35 km north-northeast of Kirkland Lake, Ontario. Contiguous with Osisko Mining and Kirkland Lake Gold. Features IP anomalies and historic intercepts including 22.09 g/t Au over 6.10m.
• Staghorn Gold Project Gold exploration project in Newfoundland in joint venture with Benton Resources and Quadro Resources, located on the Great Northern Peninsula of Newfoundland.
• Great Brehat Project Gold exploration project on the Great Northern Peninsula of Newfoundland. Airborne EM/Mag survey completed identifying large conductive anomaly. Features include Gunners Cove-style mineralization discovered near northeastern claim boundary.
• Squid East Project Gold exploration property in the northwest extension of the White Gold district, Yukon, optioned to Manning Ventures Inc. (now trading on CSE). Property is 100% owned by Metals Creek with potential for gold-silver mineralization.
• Croteau Project (Vanadium) Vanadium and uranium exploration project in Labrador acquired by staking. Historical grab samples show polymetallic enrichment including Uranium up to 2.087% U3O8, Vanadium up to 0.803% V2O5, Silver up to 9.2 g/t Ag, and Copper up to 0.51% Cu.

Quantifiable outcome

• 40.61 g/t Au over 2.6m including 152 g/t Au over 0.6m at Ogden Gold Project TOG-26-75 hole
• +4 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

Seven partnerships are on record, tiered core and minor.

• Benton Resources Inc.coreStrategic or Co-development Partner · 25 March 202650/50 joint venture on hydrogen-helium projects in Newfoundland including Smoking Gun (654 units, 163.5 km²) and Parson's Pond (641 units, 160.3 km²), plus 6 additional staked projects covering 763 claim units. Companies sharing exploration costs and risks in emerging natural hydrogen sector.
• Lomiko Metals Inc.coreStrategic or Co-development Partner · 2 September 2022Option agreement on Yellow Fox Critical Metals/REE Property in Central Newfoundland. Lomiko is expanding the property and conducting exploration for rare earth elements. MEK received first anniversary payment of $23,125 plus 889,423 shares. Property now has 109 claim units covering 2,725 hectares.
• Newmont Goldcorp (Goldcorp Canada Ltd.)coreStrategic or Co-development Partner · 12 June 2019Option agreement where Metals Creek can earn 100% interest in Dona Lake Mine Property in Pickle Lake district, NW Ontario. Dona Lake produced 246,500 oz gold at 7.44 g/t from 1989-1994. MEK to issue 7M shares and spend $4M over 36 months. Newmont retains investor rights including participation rights.
• Anaconda Mining Inc.minorStrategic or Co-development Partner · 8 November 2018Option agreements on Jackson's Arm and Tilt Cove properties in Newfoundland. Anaconda can earn 100% interest by making $200,000 cash payments and issuing 125,000 shares over 3 years. MEK retains 2% NSR on Jackson's Arm (capped at $1.5M) and 1% NSR on Tilt Cove.
• Manning Ventures Inc.minorStrategic or Co-development Partner · 27 September 2018Option agreement on Squid East Property in Yukon. Manning can earn 75% interest by paying $65,000 cash, issuing 1.2M shares over 2 years, and spending $1.15M over 4 years. Manning commenced trading on CSE in October 2019.
• Sokoman Minerals Corp.minorStrategic or Co-development Partner · 1 August 2017Option agreement on Clarks Brook property in Central Newfoundland. Sokoman could earn 75% interest with $45,000 cash, 3M shares, and $800,000 work over 3 years. Sokoman returned property to MEK in September 2019 after drilling program.
• Discovery Mining Ltd. (Discovery Silver)coreStrategic or Co-development Partner · 2 December 200850/50 Joint Venture on the Ogden Gold Project in Timmins, Ontario. Metals Creek serves as operator. The property covers 8km of strike length along the Porcupine-Destor Break and includes the former Naybob Gold Mine. The JV has completed multiple drill programs with recent high-grade results including 40.61 g/t Au over 2.6m.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Newmont Corporation: Counterparty on the Dona Lake Mine option agreement; large-cap diversified gold producer whose divestment of past-producing Ontario assets to juniors like MEK illustrates the broader-incumbent dynamic in mature Canadian gold camps.
• Osisko Mining Inc. Contiguous landholder with MEK's Garrison Gold Project near Kirkland Lake; larger Canadian gold developer with a multi-asset portfolio, providing a comparable signal of regional prospectivity.

Direct peers

• Sokoman Minerals Corp. Newfoundland-focused gold explorer with Moosehead project; previously optioned MEK's Clarks Brook property, illustrating the same junior-explorer's Newfoundland exploration playbook targeting epithermal-style mineralization.
• Galleon Gold Corp. Direct neighbor on the western portion of MEK's Ogden property (West Cache development); comparable Canadian gold explorer operating in the same Timmins gold camp along the same geological break.
• Anaconda Mining Inc. Newfoundland gold producer and explorer that optioned Jackson's Arm and Tilt Cove from MEK; same Maritime Canada gold exploration geography and similar property-generator strategy.
• Lomiko Metals Inc. Critical minerals and REE explorer that optioned MEK's Yellow Fox property; comparable junior TSX-V-listed company using option/JV structures to advance properties with limited in-house drilling capacity.
• Benton Resources Inc. MEK's 50/50 JV partner on Smoking Gun, Parson's Pond, and Staghorn gold projects. Comparable junior Canadian explorer with similar project-generator model, multi-commodity portfolio, and reliance on partner-funded exploration.
• Discovery Silver Corp. MEK's 50/50 JV partner on the flagship Ogden Gold Project and operator's counterparty in Timmins; comparable mid-tier Canadian precious-metals developer with assets on the same Porcupine-Destor Break.
• Endurance Gold Corporation: MEK's JV partner on the Flint Lake gold project (18.7% interest); comparable junior Canadian gold explorer focused on intrusion-related and orogenic gold systems.

Emerging players

• Manning Ventures Inc. Former option partner on MEK's Squid East (Yukon White Gold extension) project; comparable early-stage CSE-listed gold explorer using option/JV model to advance projects in tier-one Canadian jurisdictions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/MetalsCreekRes
• Facebookfacebook.com/MetalsCreek
• LinkedInlinkedin.com/company/3099762

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds6 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 Metals Creek Resources