Olivut Resources

What Olivut Resources does

Olivut Resources Ltd. is a junior diamond exploration and development company listed on the TSX Venture Exchange (ticker OLV). Founded by Leni Keough as Olivut Investments Ltd. in 2004 and brought public in January 2007 through a CPC Qualifying Transaction, the company is headquartered in Hinton, Alberta, and conducts all of its exploration activities in Canada's Northwest Territories. As of December 15, 2024, the company had 82,403,111 common shares issued and outstanding, with insiders holding approximately 24%. The company's shares traded at $0.04 CAD on June 19, 2026.

The company's principal asset is a 100% interest in the HOAM Project, located in the Interior Plains region of the NWT south of Great Bear Lake, where it has made 29 kimberlite discoveries to date using high-resolution regional magnetic geophysical surveys, detailed helicopter-borne magnetic (helimag) surveys flown at 50 metre line spacing, geochemical sampling, and reverse circulation heli-portable drilling, with diamond counts established through caustic fusion analysis at the Saskatchewan Research Council. The company also holds a 50% interest in the Seahorse Project (a 50/50 joint venture with Talmora Diamond Inc., with Olivut as operator) in the Inuvialuit region of the NWT, where 19 microdiamonds and one macrodiamond (1.9mm x 1.4mm, 5.2628mg) have been recovered from beach sand heavy mineral concentrates proximal to a main geophysical target.

Olivut has no product revenue and operates as a pre-revenue exploration issuer. The company raises capital exclusively through non-brokered private placements of common shares on the TSX Venture Exchange (e.g., $597K in September 2024, $305K in August 2023, $300K in January 2023), with insider participation by CEO Leni Keough and director Pierre Lassonde. Proceeds fund exploration on HOAM and Seahorse and general corporate purposes. Communication with shareholders occurs through the corporate website (olivut.ca), SEDAR+ regulatory filings, press releases on GlobeNewswire, and annual general meetings. Future revenue, if ever generated, would derive from the sale of rough diamonds extracted from kimberlite deposits at HOAM or Seahorse, but no commercial discovery or production has occurred.

Name

Olivut Resources

Legal name

Olivut Resources Ltd.

Website

https://olivut.ca

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Olivut Resources Ltd. is a pre-revenue junior diamond exploration company listed on the TSX Venture Exchange (OLV) that holds a 100% interest in the HOAM Project and a 50% interest in the Seahorse Project, both in Canada's Northwest Territories, targeting diamondiferous kimberlite deposits for TSX-V investors.

Ownership category

akta.pro rank

Product category

Diamond Exploration

NAICS

Metal Ore Mining (2122), Support Activities for Mining (2131)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

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

Keywords

• Diamond exploration services
• Kimberlite mineral exploration
• Junior mining exploration
• Geophysical survey services
• Mineral resource development

Headquarters

HQ city

Hinton

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain

Revenue model

1. Equity Financing / Capital Raises: As a pre-revenue junior exploration company, Olivut raises capital exclusively through non-brokered private placements of common shares on the TSX Venture Exchange. Proceeds are used for exploration programs on the HOAM Project and Seahorse Project and for general corporate purposes. No product revenue, service revenue, or licensing income is generated.
2. Potential Future Mineral Production: If a commercial diamond discovery is made at the HOAM Project (100%-owned) or Seahorse Project (50/50 JV), future revenue would derive from the sale of rough diamonds extracted from kimberlite deposits. This stream is entirely hypothetical and no production has occurred.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Olivut Resources Ltd. is a pre-revenue diamond exploration and development company. Its principal asset is a 100% interest in the HOAM Project in the Interior Plains region of Canada's Northwest Territories, where 29 kimberlite discoveries have been made and numerous priority drill targets identified. The company also holds a 50% joint venture interest in the Seahorse Project in the Inuvialuit region of the NWT with Talmora Diamond Inc., where 19 microdiamonds and 1 macrodiamond have been recovered from beach sand samples. Operations are funded through non-brokered private placements; no commercial products or services are currently sold.

Product overview

Olivut Resources is a diamond exploration and development company with two primary mineral projects: the 100%-owned HOAM Project in Canada's Northwest Territories featuring 29 kimberlite discoveries, and the 50%-owned Seahorse Project (a joint venture with Talmora Diamond Inc.) with confirmed microdiamond and macrodiamond finds. The company identifies and explores diamond-bearing kimberlite deposits through geophysical surveys, drilling programs, and sampling analysis.

Differentiator

Problem solved

Functional benefit

Products and services

• HOAM Project A 100%-owned diamond exploration project located in the Interior Plains region of Canada's Northwest Territories (south of Great Bear Lake, approximately 15 km from Fort Simpson and 20 km from Deline), featuring 29 kimberlite discoveries to date and numerous additional priority drill targets identified through high resolution regional airborne magnetic surveys, detailed helimag surveys, and geochemical sampling programs. The project is considered favourable for emplacement of diamond-bearing kimberlites and is the subject of a National Instrument 43-101 Technical Report authored by Paul Pitman, P.Geo. (filed on SEDAR December 12, 2014).
• Seahorse Project A 50/50 joint venture with Talmora Diamond Inc. located in the Inuvialuit region of Canada's Northwest Territories, considered to have potential to host diamondiferous kimberlite bodies of significant size. Confirmed results include caustic fusion recovery of 19 microdiamonds and 1 macrodiamond (1.9mm x 1.4mm, weighing 5.2628mg) from beach sand heavy mineral concentrates, plus favourable diamond inclusion field indicator minerals (G-9 pyrope garnets and picroilmenites), 18 macrodiamonds found down-ice in regional samples to the west and northwest, and REE and titanium oxide anomalous results. Talmora retains a 1% NSR royalty on certain land and Olivut is the operator.

Quantifiable outcome

• 29 kimberlite discoveries at the 100%-owned HOAM Project
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Talmora Diamond Inc.coreStrategic or Co-development Partner · 1 July 2018In July 2018, Olivut signed an option agreement with Talmora Diamond Inc. to earn 50% in Talmora's Seahorse Project (part of the larger Horton Project) located in the Inuvialuit region of Canada's Northwest Territories. Olivut earned its 50% interest by spending $1,200,000 over two years on exploration expenditures and making a $200,000 cash payment to Talmora. Olivut exercised its option on July 6, 2020. Olivut and Talmora are now joint (50/50) owners of the Seahorse Project assets. Talmora retains a 1% net smelter return (NSR) royalty on certain land. Olivut is the operator of the joint venture.

Scale indicators9 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Star Diamond Corp. Canadian junior diamond developer advancing the Star-Orion South diamond project in Saskatchewan, with the project now being developed with Rio Tinto. Directly comparable as a Canadian-listed junior focused on advancing kimberlite-hosted diamond deposits.
• North Arrow Minerals Inc. Canadian diamond exploration junior with projects in NWT and other Canadian jurisdictions. Comparable as a small-cap diamond explorer using similar geophysical and drilling techniques to identify kimberlite bodies.
• Talmora Diamond Inc. Olivut's 50/50 joint-venture partner at the Seahorse Project; Canadian diamond exploration junior focused on NWT properties. A direct operational peer as a co-explorer on the same asset.
• Arctic Star Exploration Corp. Canadian diamond and mineral exploration junior active in NWT/Nunavut. Comparable as a small-cap diamond explorer targeting kimberlite discoveries in Canada's north.
• Diamcor Mining Inc. Canadian-listed junior diamond producer/explorer with assets in South Africa. Comparable as a small-cap publicly-traded diamond-focused company with both exploration and early-production exposure.
• Canterra Minerals Corporation: Canadian junior mineral explorer with diamond and base metals exposure, including NWT diamond properties. Comparable as a small-cap Canadian exploration junior with diamond project overlap.

Broad incumbents

• Stornoway Diamond Corporation: Canadian diamond miner (Renard mine, Quebec) that underwent restructuring. Comparable as a broader Canadian diamond sector incumbent that experienced the same capital and price pressures Olivut faces.
• Mountain Province Diamonds Inc. Canadian diamond producer and partner at the Gahcho Kué mine in NWT. Comparable as a Canadian-listed diamond producer operating in the same Northwest Territories region, providing regional and pricing context.
• Lucara Diamond Corp. Mid-tier diamond producer (Karowe mine, Botswana) known for large-stone recoveries. Comparable as a publicly-traded diamond producer relevant to diamond recovery economics and pricing benchmarks Olivut's potential future production.
• Burgundy Diamond Mines Limited: Australian-listed rough and polished diamond producer with NWT heritage (Ekati mine). Comparable as an established diamond producer relevant to long-term diamond pricing and demand dynamics that affect Olivut's potential future production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/olivut-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds3 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 Olivut Resources