What Goldflare Exploration does

Goldflare Exploration Inc. (formerly Exploration Typhon Inc., renamed September 2021) is a Quebec-based, publicly-traded junior mineral exploration company focused on gold and copper exploration in the Abitibi-Témiscamingue and Baie-James regions of Quebec, Canada. The company's portfolio consists of five exploration properties — Goldfields (primary), Syenite Condor, Ranger, Windfall, and Duplessis-Mountain — totaling approximately 3,727 hectares of mineral claims. Goldfields is the flagship asset, located 700 meters from IAMGOLD's operating Fayolle mine along the Porcupine-Destor fault, with drill intercepts including 15.36 g/t over 7.05 meters (2023) and 1.3 g/t over 22.8 meters (2024). Syenite Condor hosts one of the largest alkaline syenite intrusions in the Abitibi Belt with both gold and copper potential.

The company employs systematic grassroots exploration methodologies — soil geochemistry, ground geophysics, biogeochemistry, drilling programs, geological interpretation and modeling, and drone-based magnetic surveys — to delineate drill targets across its portfolio. Three drill campaigns have been completed on Goldfields (2021, 2023, 2025) and two on Syenite Condor. As of June 2026, Goldflare announced a proposed reverse takeover to acquire Minera Granite, S.A. de C.V. and the Quitovac gold project in Sonora, Mexico, with a concurrent ~C$4 million financing and renaming to 'Minera Granite Corp.'

Goldflare is a pre-revenue company with no product or service sales; it is entirely financed through equity capital raises (flow-through and common-share private placements) and asset transactions. Shares trade on the TSX Venture Exchange (GOFL) and OTCQX (XAUT), targeting institutional and retail investors seeking exposure to early-stage Abitibi mining assets, with secondary appeal as an acquisition target for larger mining companies.

Name

Goldflare Exploration

Legal name

Exploration Goldflare inc.

Website

https://goldflare.ca

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

1–10 employees

Short description

Goldflare Exploration is a Quebec-based, pre-revenue junior mineral exploration company advancing five gold and copper properties in the Abitibi greenstone belt, primarily the Goldfields project near IAMGOLD's Fayolle mine, targeting institutional and retail investors via TSX Venture listings.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Gold Ore and Silver Ore Mining (21222), Support Activities for Mining (2131)

SIC

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

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Gold Mining (IMAKAEAA), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Mineral exploration
• Gold exploration
• Copper exploration
• Drilling programs
• Abitibi mining

Headquarters

HQ city

Laval

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, Others

Distribution channels2 records

Marketing channels5 records

Core offering

Goldflare Exploration is a Canadian junior mining and exploration company that acquires, explores, and advances gold and copper mineral properties in Quebec's Abitibi-Témiscamingue and Baie-James regions. Its portfolio includes five exploration properties (Goldfields, Syenite Condor, Ranger, Windfall, and Duplessis-Mountain) on which it conducts grassroots exploration using soil geochemistry, ground geophysics, biogeochemistry, drilling programs, and drone-based magnetic surveys. The company is pre-revenue and finances its activities through equity capital raises.

Product overview

Goldflare Exploration is a mineral exploration company focused on gold and copper exploration properties in Quebec's Abitibi-Témiscamingue and Baie-James regions. The company's portfolio consists of five exploration properties: Goldfields (primary gold project near IAMGOLD's Fayolle mine with 100% ownership), Syenite Condor (gold/copper property with 100% ownership), Ranger, Windfall, and Duplessis-Mountain. The company conducts systematic exploration including soil geochemistry, geophysics, data analysis, and drilling programs to identify and develop mineral resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Goldfields Gold exploration property located 35 km northeast of Rouyn-Noranda, situated 700 meters from IAMGOLD's Fayolle mine along the Porcupine-Destor fault. The property spans 253.85 hectares and has yielded drilling results including 15.36 g/t over 7.05 meters in 2023 and 1.3 g/t over 22.8 meters in 2024.
• Syenite Condor Gold and copper exploration property located 35 km northeast of Rouyn-Noranda along the Porcupine-Destor fault, spanning 657.52 hectares. Hosts one of the largest alkaline syenite intrusions in the Abitibi Belt, with drilling result of 1 g/t over 7 meters and copper potential based on chalcopyrite presence.
• Ranger Exploration property located in Quebec with 39 claims covering 1,105.53 hectares, accessible via paved road.
• Windfall Exploration property split between La Tuque (south) and Eeyou Istchee Baie-James (north) regions, covering 1,373.17 hectares with 32 claims.
• Duplessis-Mountain Exploration property located in Eeyou-Istchee, Baie-James region covering 336.87 hectares with 1% NSR royalty.

Quantifiable outcome

• Goldfields 2023 drilling: 15.36 g/t over 7.05 meters, including 103.86 g/t over 1 meter
• +4 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 flagship and historical (concluded).

• Quitovac Gold Holdings, LLCflagshipStrategic or Co-development Partner · 18 June 2026Goldflare entered into a non-binding letter of intent to acquire all outstanding shares of Minera Granite, S.A. de C.V. from Quitovac Gold Holdings, LLC — constituting a proposed reverse takeover of Goldflare on the TSX Venture Exchange. Upon closing, Minera Granite (registered owner of the Quitovac gold project in Sonora, Mexico) will become a wholly-owned subsidiary of Goldflare. Consideration: 16,000,000 common shares (post 4-to-1 consolidation) plus up to 4,000,000 bonus shares contingent on resource milestones. The transaction is conditional on a concurrent financing of ~C$4,000,000 and shareholder/regulatory approvals. The resulting issuer will be renamed 'Minera Granite Corp.' and continue as a Tier 2 Mining Issuer on TSX-V.
• Corporation Aurifère Monarqueshistorical (concluded)Others · 20 August 2019In 2019, Goldflare (then Typhoon) closed the sale of its 50% interest in the Fayolle gold project to Corporation Aurifère Monarques for $2,000,000. This concluded the 50-50 joint venture with Monarques. The transaction was first announced via binding letter of intent dated June 17, 2019.
• Hecla Québec Inc. (formerly Mines Aurizon Ltée)historical (concluded)Strategic or Co-development Partner · 17 September 2014In September 2020, Typhoon Exploration (predecessor to Goldflare) announced the confirmation of the interim board and acquisition of the 'Syenite Condor' property. Historically, Typhoon had a 50-50 joint venture with Hecla Québec Inc. on the Fayolle project dating back to at least 2014, which was concluded in 2019.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cartier Resources: Cartier Resources is a Quebec-based junior gold explorer focused on the Abitibi belt with multiple properties near Val-d'Or. It operates the same grassroots-to-advanced exploration model, uses similar geophysics-and-drilling methodologies, and targets the same gold-copper deposit types as Goldflare.
• Probe Metals: Probe Metals is a well-financed Quebec-focused gold exploration company advancing the Val-d'Or East project in the Abitibi greenstone belt. It is comparable in business model (junior explorer raising equity to drill in Quebec) and competes directly for investor capital and partner interest in the region.
• Wallbridge Mining Company: Wallbridge is a Quebec-focused gold exploration company advancing the Fenelon and Martiniere projects in the Abitibi belt. It shares Goldflare's exploration-stage profile, drill-driven news flow, and dependence on equity financing in the same jurisdiction.
• Alexandria Minerals Corporation: Alexandria Minerals is a Quebec-focused gold exploration company with properties in the Abitibi and James Bay regions. It is comparable to Goldflare as a junior TSX-V-listed gold explorer using systematic geophysics and drilling on multi-property portfolios.
• Metanor Resources: Metanor Resources was a Quebec-based junior gold producer where board member Ghislain Morin served as CEO from 2002 to 2017. While now largely inactive, it shares Goldflare's pre-revenue Abitibi explorer profile, equity-financed business model, and TSX-V listing context.
• Corporation Aurifère Monarques (Monarques Gold): Monarques Gold is a Quebec-focused junior gold explorer that purchased Goldflare's 50% interest in the Fayolle project for C$2M in 2019. It operates in the same Abitibi gold belt and competes for the same exploration targets, investors, and partner capital.

Broad incumbents

• Osisko Mining: Osisko Mining is a larger Canadian gold exploration company developing the Windfall project in Quebec's Abitibi region. It shares Goldflare's TSX-Venture listing profile, Quebec exploration focus, and drill-results-driven equity story, but at substantially greater scale and capitalization.
• Agnico Eagle Mines: Agnico Eagle is a senior Canadian gold producer with extensive operations in Quebec's Abitibi belt and was previously a vendor of the Fay West property to Goldflare's predecessor. It serves as a regional anchor and potential acquirer of exploration-stage assets in the same geological setting.
• Eldorado Gold: Eldorado Gold is a mid-tier gold producer; board member Sara Pedneault previously worked there as a Production Geology Engineer. While geographically broader (operating in Turkey, Greece, and Canada), Eldorado is relevant for talent/operator overlap and Quebec regional context.
• IAMGOLD Corporation: IAMGOLD operates the Fayolle mine that adjoins Goldflare's Goldfields property (700m away) along the Porcupine-Destor fault. As a mid-tier gold producer with active exploration in the Abitibi belt, IAMGOLD is the most directly relevant nearby operator and a likely acquirer/partner for Goldflare's flagship asset.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/goldflare-exploration-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

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 Goldflare Exploration