What Rackla Metals does

Rackla Metals Inc. is a Vancouver-based Canadian junior mineral exploration company (TSX-V: RAK) that acquires and advances gold, tungsten, and rare earth element projects in Canada's North, with a primary focus on the eastern Tombstone Gold Belt spanning Yukon and the Northwest Territories. The company controls over 59,000 hectares of mineral claims, with its flagship being the 100%-owned Lentung/Lened Tungsten Property — an advanced-stage, high-grade tungsten skarn deposit with historical resources from Union Carbide's 1977-1982 exploration program (26,900m drilled across 178 holes identifying 15 tungsten occurrences over 15km, with 1.14% WO3 average mill grades). Rackla's gold portfolio targets Reduced Intrusion-Related Gold Systems (RIRGS) at the Astro Plutonic Complex (Hit and Peak targets), Calypso, Ogre, Grad-Mantra and Black prospects, with reported surface grades up to 17.8 g/t Au at Peak and 92.4 g/t Au at Grad.

Rackla's core technology stack is conventional mineral exploration: diamond drilling, airborne magnetic/RTP geophysical surveys, induced polarization (IP) surveys, soil and talus-fine geochemical sampling, rock sampling and geological mapping, organised around a systematic RIRGS targeting methodology. A key differentiator is the proprietary compilation of historical Union Carbide data for Lentung and a large regional geochemical/geophysical database for the Tombstone Belt, which the company uses to guide its 2026 10,000m drill program targeting an NI 43-101 compliant resource estimate by end-2026 or early 2027. Qualified Person oversight is provided by VP Exploration Scott Casselman (APEGBC member), with mine-development expertise on the Board via Jeff Reinson (former Ekati Diamond Mine VP Operations) and Indigenous partnership guidance from Tlicho Investment Corporation CEO Paul Gruner on the Advisory Committee.

As a pre-revenue junior explorer, Rackla generates no operating revenue; its business model centres on raising working capital through non-brokered private placements — including hard-dollar units, flow-through units, and charity flow-through units — to fund drilling and geophysics, with the strategic objective of either optioning or selling assets to junior-to-mid-tier mining partners or advancing them toward production. The target customer segment is best described as prospective JV partners and acquirers rather than end-product buyers, and the company has historically restructured or sold non-core Yukon properties (Kestrel Gold option in 2013, 2018 Yukon restructuring) to focus on the Tombstone Belt critical-minerals thesis amid a tungsten price surge of 557% to record highs above US$3,000/mtu in mid-March 2026.

Name

Rackla Metals

Legal name

Rackla Metals Inc.

Website

https://racklametals.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

Rackla Metals is a Vancouver-based junior mineral exploration company (TSX-V: RAK) acquiring and advancing gold, tungsten, and rare earth element projects across the Tombstone Gold Belt in Yukon and the Northwest Territories, with its flagship Lentung high-grade tungsten deposit currently in active drilling toward an NI 43-101 resource.

Ownership category

akta.pro rank

Product category

Junior Mineral Exploration (Tungsten, Gold, Rare Earths)

NAICS

Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (212290)

SIC

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

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Rare Earths Mining & Concentrates (REE Ores) (IMAKAFAG)

Keywords

• Junior mineral exploration
• Tungsten exploration projects
• Gold exploration properties
• Rare earth elements
• RIRGS gold targets

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Marketing or Sales, Infrastructure, Others

Revenue model

1. Mineral Property Development / Disposition: As a pre-revenue junior exploration company, Rackla Metals generates no current revenue. Its business model centers on raising capital through equity financings to fund exploration programs. Value creation occurs through geological discovery and resource definition, with the goal of either (a) selling or joint-venturing assets to larger mining companies or (b) advancing projects through to production. The company has historically restructured or sold non-core Yukon properties to reduce holding costs.
2. Equity Financing / Flow-Through Share Placements: Rackla raises working capital exclusively through non-brokered private placement financings, including hard-dollar units, flow-through units, and charity flow-through units. Proceeds are used for Canadian exploration expenses. The company completed a $3.44 million charity flow-through private placement in May 2026 and a $4.65 million total private placement in 2024.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Rackla Metals is a junior mineral exploration company that acquires, explores, and advances mineral properties — primarily tungsten, gold, and rare earth elements — in Canada's Tombstone Gold Belt across the Yukon and Northwest Territories. Its current focus is the flagship Lentung Tungsten Property in the Yukon, alongside a portfolio of gold-bearing RIRGS prospects and the Lened Rare Earths project. The company sells/options exploration-stage assets and raises equity capital to fund ongoing fieldwork.

Product overview

Rackla Metals is a Vancouver-based junior mineral exploration company offering a diversified portfolio of exploration projects focused on critical minerals and gold in Northern Canada. The core offering centers on the 100%-owned Lentung/Lened Tungsten Property, an advanced-stage, high-grade tungsten skarn deposit in the Northwest Territories, complemented by the Tombstone Gold Belt Properties targeting Reduced Intrusion-Related Gold Systems (RIRGS) for gold, and the Lened Rare Earths project. The company operates as a single-segment exploration entity without a unified software product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Lentung Tungsten Property Flagship tungsten exploration property in the Yukon that is advanced through field work (drilling, sampling, geophysics) and is Rackla's primary critical-mineral asset; it is the project the company most actively markets to potential JV partners, acquirers, and investors.
• Tombstone Gold Belt Properties Portfolio of gold-focused exploration properties in the Tombstone Gold Belt of the Yukon and Northwest Territories; these claims host RIRGS-style gold targets and constitute Rackla's broader gold optionality beyond Lentung.
• RIRGS Prospects Discrete drill-ready gold targets within Rackla's Tombstone Gold Belt land package that have been prioritized for drilling following geological, geochemical, and geophysical evaluation.
• Lened Rare Earths Rare-earth-element exploration project that complements Rackla's tungsten and gold focus and gives it exposure to another Canadian critical-minerals asset class.

Quantifiable outcome

• Lentung tungsten deposit averages 1.14% WO3, ranking among highest-grade tungsten skarn systems globally (USGS data)
• +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

Five partnerships are on record, tiered core and minor.

• Tlicho First Nation / Tlicho Investment CorporationcoreStrategic or Co-development Partner · 17 June 2026Paul Gruner, CEO of Tlicho Investment Corporation (the economic arm of the Tlicho First Nation), joined Rackla's advisory committee to assist in developing an Indigenous partnership strategy and engagement framework for the advancement of northern critical minerals assets. Mr. Gruner previously led Indigenous economic development organizations for the Yellowknives Dene First Nation (Det'on Cho Management LP) and Tahltan Nation (Tahltan Nation Development Corporation), bringing expertise in mining services, infrastructure, logistics, and community economic development.
• Sabre Gold Mines Corp.minorStrategic or Co-development Partner · 4 October 2022Rackla Metals entered into an option agreement with Sabre Gold Mines Corp. to option the SER Project (also known as the Hit Property) located in the eastern Tombstone Gold Belt, Yukon Territory. The SER claim block hosts the Kelvin Stock intrusive body where soil sampling returned strong coincident Au-As soil anomalies and rock samples returned grades up to 27.5 g/t Au. Rackla exercised this option in October 2023.
• Astro Property OptionorsminorStrategic or Co-development Partner · 20 September 2022Rackla Metals entered into an option agreement to acquire the Astro Property in the Northwest Territories, located at the Yukon-NWT border near the road-accessible Astro Plutonic Complex. The Astro Plutonic Complex comprises four Cretaceous-aged intrusions. Rackla received TSX Venture Exchange approval and exercised the option in 2023.
• Kestrel Gold Inc.minorStrategic or Co-development Partner · 10 September 2013Rackla optioned the King Solomon's Dome (KSD) gold property from Kestrel Gold Inc. located 30 km southeast of Dawson City in the Yukon Territory. Rackla could earn a 50% interest by incurring $1.5 million in exploration expenditures and making cash payments totaling $75,000 over a two-year period. The property is road accessible and drill-ready with known quartz veins, gold-in-soil anomalies, and IP geophysical anomalies. Rackla completed three diamond drill holes (1,191m) but results showed low-grade gold mineralization and the company relinquished its option in 2013.
• Snowline Gold Corp.minorOthersSnowline Gold Corp. is an adjacent explorer in the eastern cluster of the Tombstone Gold Belt with its Valley occurrence at the Rogue Plutonic Complex. While not a formal partnership, Snowline's major discovery validates the RIRGS potential of the eastern cluster. The western cluster (Eagle, Aurmac, Brewery Creek, RC Gold, Florin, Raven) contains +20 million ounces of gold per the Yukon Geological Survey 2023. Snowline's success provides a comparative analog for Rackla's Astro Plutonic Complex.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Snowline Gold Corp. Adjacent junior explorer in the eastern cluster of the Tombstone Gold Belt with its Valley discovery at the Rogue Plutonic Complex. Most direct RIRGS analog in the same belt — Snowline's success validates the broader district potential of Rackla's Astro Plutonic Complex and other intrusions.
• ATAC Resources Ltd. Long-standing junior explorer focused on RIRGS and Carlin-style gold in the Yukon, including the Osiris and Conrad zones in the eastern Tombstone Gold Belt. Highly comparable exploration model, target type, and jurisdiction to Rackla's gold portfolio.
• Banyan Gold Corp. Junior gold explorer advancing the Aurmac Property in the western cluster of the Tombstone Gold Belt (+20M oz regional endowment per Yukon Geological Survey 2023). Operates in the same metallogenic belt and gold system model as Rackla, making it a directly comparable peer for district-scale RIRGS exposure.
• Sitka Gold Corp. Junior gold explorer with the RC Gold Project in the western Tombstone Gold Belt, Yukon. Targets intrusion-related gold mineralization in the same belt and uses a comparable exploration approach to Rackla's Tombstone Gold Belt portfolio.
• Almonty Industries Inc. Largest Western tungsten producer/developer with operating and development assets globally, including the Sangdong mine in South Korea. Closest comparable pure-play tungsten company to Rackla's Lentung project; both are positioned to benefit from Western supply diversification away from China.
• Northcliff Resources Ltd. Canadian developer of the Sisson Tungsten-Molybdenum Project in New Brunswick. One of the few advanced tungsten projects in a Tier-1 jurisdiction, making it a directly relevant peer for understanding North American tungsten project economics and permitting pathways.
• Skeena Resources Limited: Canadian junior gold developer advancing the Eskay Creek and Snip projects in the Golden Triangle of British Columbia. Comparable size, stage, and exploration-to-development model to Rackla, with a similar reliance on Canadian flow-through financing structures.

Broad incumbents

• Victoria Gold Corp. Mid-tier gold producer that operated the Eagle Gold Mine in Yukon until its 2024 heap leach failure. Provides a broader reference point for the Yukon gold sector and infrastructure/logistics realities of operating in Rackla's jurisdiction, though the operational setback is a cautionary signal.
• Hecla Mining Company: Established North American precious metals producer with significant silver and gold operations, including the Keno Hill silver mine in Yukon. Provides a broader incumbent reference point for what an established operator looks like in Rackla's jurisdiction and could be a potential acquirer/partner.

Emerging players

• Tungsten Mining NL: Australian tungsten developer focused on the Mt Carbine and Watershed projects in Queensland. A peer tungsten developer at a similar stage of resource definition, useful for understanding capital intensity and timeline benchmarks for advancing tungsten projects to production.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rackla-metals-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds5 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 Rackla Metals