What Bolt Metals does

Bolt Metals Corp. (CSE: BOLT · OTCQB: PCRCF · FSE: A3D8AK) is a pre-revenue Canadian mineral acquisition and exploration company headquartered in Vancouver, British Columbia. Its portfolio is anchored by the Florália High-Purity Iron Property in Minas Gerais, Brazil — a ~613-hectameiron project in the Iron Quadrangle ~67 km east of Belo Horizonte, 15 km from the MRS Logistics rail terminal, and adjacent to Vale's Brucutu and ArcelorMittal's Andrade operations. Bolt is earning 100% of Florália from Max Iron Brazil Ltd. (a Max Resource Corp. subsidiary) via a staged all-share option announced May 13, 2026; an NI 43-101 Technical Report by Warren D. Robb, P.Geo. (effective May 14, 2024) supports the project, and Max Resource's disclosed Exploration Target contemplates 50–70 Mt at 55–61% Fe (hematite DSO) and 130–170 Mt at 51–55% Fe (Itabirite), though no mineral resource has yet been defined. Management's conceptual development scenario envisages a 100% dry magnetic separation processing route (crush, screen, dry-magnetically concentrate) producing an 8–15% Fe grade uplift at ~74% mass recovery with no water use and no tailings dam, targeting ~1.5 Mtpa of DSO in H2 2027 at ~US$12M capex and ~US$15/t opex — subject to resource definition, feasibility study, permitting and financing.

A second pillar is the Northwind Gold Property in Quebec's Urban-Barry camp (Abitibi Greenstone Belt) — 53 claims covering ~2,986 hectares ~15 km from Osisko Mining's Windfall deposit — where Bolt completed an 11.125 line-km IP survey in October 2025 (8 primary anomalies) and a 402 line-km airborne MobileMT survey in May 2026, with a 5,000-metre maiden diamond drill program planned for summer/fall 2026. Earlier-stage/historical assets include the Switchback copper-silver property (BC), New Britain antimony-gold-silver-lead property (BC), Thundercloud South gold project (Ontario), and Soap Gulch copper SEDEX project (Montana); the company's prior Indonesian nickel-cobalt exposure (via Hong Kong subsidiary Minerals Harvest Limited) was divested in December 2024 as part of a pivot toward North American and Brazilian critical minerals.

Bolt has no product revenue and no commercial offtake contracts. Its business model is currently capital-markets-driven: the company funds exploration and property acquisition through non-brokered private placements (raising ~C$10M in aggregate across 2024–2026, including a $6M upsized placement in February 2026) and distributes news via SEDAR+ filings, a Papermark-hosted investor deck, email newsletters, and third-party marketing partners (Fairfax Partners, WTS Capital, Aktiencheck.de, Wagner Group Media). Shares trade on three exchanges (CSE, OTCQB, Frankfurt), and Max Resource Corp. holds approximately 15.02% of outstanding common shares following a June 12, 2026 debt settlement. Upon future production, the intended go-to-market is direct shipping of high-purity hematite DSO via the MRS rail terminal to Brazilian export ports for global DRI-EAF steelmakers; no production decision has been made.

Name

Bolt Metals

Legal name

Bolt Metals Corp.

Website

https://boltmetals.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Bolt Metals Corp. is a pre-revenue Canadian mineral exploration company developing the Florália High-Purity Iron DSO Project in Brazil's Iron Quadrangle and the Northwind Gold Property in Quebec's Abitibi Belt, targeting DRI-EAF steelmakers upon future production.

Ownership category

akta.pro rank

Product category

Mineral Exploration & Resource Development

NAICS

Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (21229)

SIC

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

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Mineral exploration services
• Iron ore development
• Gold exploration
• Direct shipping ore
• Hematite mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Go-to-market motion1 record

Distribution channels2 records

Marketing channels9 records

Core offering

Bolt Metals Corp. is a pre-revenue mineral acquisition and exploration company advancing a portfolio of precious and base-metal properties in the Americas. Its flagship is the Florália High-Purity Hematite Direct Shipping Ore (DSO) Iron Project in Minas Gerais, Brazil (optioned from Max Iron Brazil Ltd. for staged all-share consideration), supported by the 100%-owned Northwind Gold Property in Quebec's Urban-Barry/Abitibi Greenstone Belt. The company sells no products today; its commercial activity is staged exploration work, NI 43-101 technical reporting, and equity financings to advance mineral properties toward future resource definition and, conceptually at Florália, dry DSO iron ore production (~1.5 Mtpa targeted H2 2027 at ~US$12M capex / ~US$15/t opex).

Product overview

Bolt Metals Corp. (CSE: BOLT · OTCQB: PCRCF · FSE: A3D8AK) is a North American mineral acquisition and exploration company focused on advancing precious and base metal properties with high-upside exploration potential in the Americas. Its portfolio is structured around a flagship iron ore asset — the Florália Iron Ore Project (hematite DSO in Minas Gerais, Brazil, optioned from Max Iron Brazil Ltd.) — supported by a second flagship, the Northwind Gold Property (Abitibi Greenstone Belt, Quebec). Earlier-stage/historical assets in the portfolio have included the Soap Gulch copper SEDEX project (Montana), the Switchback copper-silver property (BC), the New Britain antimony-gold-silver-lead property (BC), and the Thundercloud South gold project (Ontario); the company has also previously held Indonesian nickel-cobalt exposure (Cyclops, via Minerals Harvest Limited, divested in 2024). Bolt is not a software/SaaS provider and does not offer a unified digital product — its "products" are individual mineral property assets and the staged exploration/development programs (drilling, geophysics, NI 43-101 technical reporting, resource estimation and, conceptually at Florália, dry DSO mining) that advance them.

Differentiator

Problem solved

Functional benefit

Products and services

• Florália Iron Ore Project High-grade hematite Direct Shipping Ore (DSO) iron ore exploration and development project in Brazil's Iron Quadrangle, ~613 hectares, 67 km east of Belo Horizonte, 15 km from MRS Rail, 16 km from Vale's Brucutu and 26 km from ArcelorMittal Andrade. Conceptual exploration target of 50-70 Mt @ 55-61% Fe hematite DSO and 130-170 Mt @ 51-55% Fe Itabirite, with a 100% dry magnetic separation processing approach and conceptual ~1.5 Mtpa production in H2 2027. Pre-resource; for future steelmaker customers.
• Northwind Gold Property 100%-owned gold exploration project located in Quebec's Urban-Barry Gold Camp within the Abitibi Greenstone Belt, comprising 53 mineral claims covering ~2,986 hectares, ~15 km from Osisko Mining's Windfall gold deposit. Pre-resource exploration asset with completed IP survey (Oct 2025) and 402 line-km MobileMT airborne survey (May 2026); maiden 5,000 m drill program planned summer/fall 2026.

Quantifiable outcome

• Conceptual exploration target of 50-70 Mt at 55-61% Fe (hematite DSO) and 130-170 Mt at 51-55% Fe (Itabirite) at Florália, as disclosed by Max Resource Corp.
• +4 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• Expert Geophysics ServicescoreImplementation/ SI/ Consulting Partner · 22 May 2026Engaged to fly a 402 line-kilometre airborne Mobile Magneto-Telluric (MobileMT) survey at the Northwind property in Quebec, with 100-metre line spacing in a north-south direction. MobileMT selected for superior depth of penetration beneath thick overburden to image deep-seated VMS and orogenic gold targets. Data is being used to design a planned 5,000-metre drill program.
• Max Iron Brazil Ltd. (subsidiary of Max Resource Corp.)flagshipStrategic or Co-development Partner · 13 May 2026Definitive Florália Option Agreement dated May 12, 2026 (announced May 13, 2026) under which Bolt may acquire 100% of the Florália High-Purity Iron Property (title no. 832.022/2018) in Minas Gerais, Brazil, by issuing an aggregate of 26,800,000 common shares to Max Iron over 30 months (6,700,000 shares at each of 12, 18, 24 and 30 months). All-share consideration; no cash payment. Shares must represent no less than 25% of Bolt's issued and outstanding capital (with top-up if diluted below 25%). Max Iron entitled to one board nominee, subject to acceleration on change of control, encumbrance, or mining decision. Subject to CSE and other regulatory approvals.
• 1502656 B.C. Ltd. (Wagner Group Media)minorGTM or Marketing Partner · 1 November 2024Strategic digital media services, marketing (including awareness campaigns) and data analytics engagement across North America for a 6-month term commencing November 1, 2024; aggregate fee of C$400,000. Arm's length to Bolt Metals; based in Surrey, BC.
• 1436060 B.C. Ltd.minorStrategic or Co-development Partner · 2 October 2024Counterparty to the Switchback Copper-Silver Property transaction: Bolt issued an aggregate of 4,000,000 common shares plus CAD$20,000 cash to acquire 143 BC, holder of a beneficial interest in the Switchback copper-silver property (8 contiguous mineral claims totalling 2,560 hectares in the Omineca Mining Division, British Columbia). Consideration shares subject to a 6-month voluntary lock-up with 20% monthly release thereafter. Arm's-length transaction; no finder's fees payable.
• Fairfax Partners Inc.minorGTM or Marketing Partner · 12 September 2024Engaged for 1-month outreach services and social media marketing commencing September 12, 2024, at a fee of C$15,000 with month-to-month continuation option. Arm's length to Bolt Metals; principal Daniel Southan-Dwyer, Vancouver, BC.
• Walk the Street Capital Inc. (WTS Capital)minorGTM or Marketing Partner · 12 September 2024Engaged for a 3-month media content strategy, creation, and dissemination engagement commencing September 12, 2024; one-time fee of C$35,000. Arm's length to Bolt Metals; principal based in Ridgeway, Ontario.
• Aktiencheck.de AGminorGTM or Marketing Partner · 12 September 2024Initial European marketing awareness program: up to 5 editorial write-ups, standalone email marketing campaigns, targeted investor distribution, and social media distribution via aktiencheck.de website; up to 3 months commencing September 12, 2024 at EUR 25,000. Principal Stefan Lindam, Bad Marienberg, Germany.
• 1395548 BC Ltd.minorStrategic or Co-development Partner · 4 July 2024Counterparty to the Thundercloud South Gold Property option agreement in the Kenora Mining Division of Northwestern Ontario (Wabigoon Greenstone Belt, 160 single-cell claims totaling ~3,364 ha). Bolt can earn 100% by paying CAD$25,000 and 400,000 shares within five business days of signing, plus 500,000 shares on the first anniversary and 600,000 shares on the second anniversary.

Scale indicators16 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Max Resource Corp. TSXV-listed junior that originally staked and disclosed the Florália Exploration Target and holds the Florália property through Max Iron Brazil Ltd. Max is Bolt's largest shareholder (~15.02%), board nominee, and counterparty to the Florália Option Agreement — making it the most directly comparable peer by asset and corporate structure.

Broad incumbents

• Champion Iron Limited: TSX-listed high-grade iron ore producer operating the Bloom Lake mine in Quebec. Comparable as a publicly listed pure-play high-purity iron ore developer that has transitioned from exploration to production, providing a market benchmark for what a successful Canadian high-grade iron ore story looks like at scale.
• Cleveland-Cliffs Inc. NYSE-listed largest flat-rolled steel producer and iron ore miner in North America. Comparable as a major DR/iron ore incumbent whose downstream steelmaking and iron ore blending demand profile underpins the structural thesis behind Bolt's Florália project.
• Labrador Iron Ore Royalty Corporation: TSX-listed iron ore royalty company with interests in IOC operations in the Labrador Trough. Comparable as a publicly listed vehicle providing iron ore market exposure relevant to benchmark iron ore pricing and demand trends cited in Bolt's Florália thesis.

Regional players

• Osisko Mining Inc. TSX-listed gold developer advancing the Windfall project in Quebec's Urban-Barry Gold Camp, located ~15 km from Bolt's Northwind property. Comparable as a junior exploring in the same Abitibi Greenstone Belt locale and a relevant proxy for Northwind's exploration success case.
• Abitibi Metals Corp. CSE-listed junior with gold/copper projects in Quebec's Abitibi Greenstone Belt. Comparable as a small-cap Abitibi-focused exploration peer where Bolt CEO Zachary Kotowych previously held a corporate development role.
• Probe Gold Inc. TSX-listed gold developer with the Novador project in the Abitibi Greenstone Belt, Quebec. Comparable as a more advanced Abitibi gold developer that has defined resources and progressed toward permitting — a benchmark for what Bolt's Northwind asset could become.

Emerging players

• Iron Road Limited: ASX-listed developer of the Central Eyre Iron Project in South Australia — a large-scale DSO-to-magnetite iron ore project. Comparable as a junior iron ore developer pursuing a similar conceptual pathway from exploration target through feasibility in a tier-1 jurisdiction.
• Collective Mining Ltd. TSX-listed Colombian-focused gold/copper explorer co-founded by Bolt's in-country technical advisor Dr. Chris Grainger. Comparable as a Latin American-focused junior exploration company with similar team pedigree and a successful recent listing.
• Century Iron Mines Corporation: Canadian-listed junior iron ore developer with projects in the Labrador Trough and Quebec. Comparable as a Canadian small-cap iron ore developer pursuing the high-grade iron ore market with tier-1 infrastructure access.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/BOLTCOBALT

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 records

Funding overview

Funding rounds2 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 Bolt Metals