Nevada Exploration
Nevada Exploration Inc. is a publicly-traded junior mineral exploration company (CVE: NGE) that acquires and explores gold properties, primarily its South Grass Valley Carlin-type gold project in Nevada, while negotiating additional property acquisitions in Saskatchewan.
- Company typePrivate
- Founded2006
- HeadquartersVancouver, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Nevada Exploration does
Nevada Exploration Inc. is a publicly-traded mineral exploration company (CVE: NGE) headquartered in Vancouver, Canada, focused on the acquisition, development, and exploration of gold projects. The company was founded in 2006 and operates with a small team of 1–10 employees. Its core activity is grassroots and advanced-stage exploration for Carlin-type gold deposits, with its principal asset being the South Grass Valley property in Nevada, USA. In February 2024 the company announced assay results for drillhole SGVC014A, which showed low gold concentrations and limited evidence of a major Carlin-type deposit, representing a material setback for the project's geological thesis.
The business model is that of a pre-revenue junior explorer: the company does not produce gold and has no commercial products or services to sell, instead relying on periodic equity financings to fund drilling and exploration activities. In February 2024 it announced a private placement offering of up to C$550,000 for general working capital purposes and disclosed it was negotiating to acquire a property in Saskatchewan, signaling potential geographic and commodity diversification beyond its Nevada focus. Leadership comprises CEO and President Mark Kolebaba and CFO Cyrus Driver, with the board expanded in February 2024 by the addition of Sandra MacKay and Todd Hilditch.
The company's customer base, distribution channels, and pricing models are not applicable, as exploration-stage miners do not sell a commercial product; value creation is contingent on making an economically viable discovery and either advancing it to production, selling or joint-venturing the asset, or realizing a strategic exit. With no disclosed revenue, a small workforce, and limited capital raised to date, Nevada Exploration represents an early-stage, asset-level investment proposition whose outcome is highly sensitive to future drill results and the successful closing of the Saskatchewan acquisition.
Nevada Exploration firmographics
Firmographics- Name
- Nevada Exploration
- Legal name
- Nevada Exploration Inc.
- Website
- https://nevadaexploration.com
- Company type
- Private
- Founded year
- 2006
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Nevada Exploration Inc. is a publicly-traded junior mineral exploration company (CVE: NGE) that acquires and explores gold properties, primarily its South Grass Valley Carlin-type gold project in Nevada, while negotiating additional property acquisitions in Saskatchewan.
- Ownership category
- akta.pro rank
Nevada Exploration industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- 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
Where Nevada Exploration is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Nevada Exploration business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D
Nevada Exploration product offering
Product offeringCore offering
Nevada Exploration Inc. is a junior mineral exploration company focused on acquiring, developing, and exploring gold projects, with primary activity at its South Grass Valley property in Nevada targeting Carlin-type gold deposits. The company conducts drilling programs and assay analysis to identify economic gold mineralization and advance its mineral claims toward potential development or disposition.
Product overview
Nevada Exploration Inc. is a mineral exploration company focused on gold exploration. The company conducts drilling operations at its South Grass Valley property to identify potential Carlin-type gold deposits. Source data indicates the company is negotiating to acquire additional properties and has announced assay results from drillhole SGVC014A.
Differentiator
Problem solved
Functional benefit
Products and services
- South Grass Valley Gold Exploration Project Drilling and exploration program at the South Grass Valley property in Nevada targeting Carlin-type gold deposits; the company conducts drillholes (including SGVC014A) and assay analysis to evaluate gold mineralization potential. Intended for the company's own mineral property development pipeline rather than direct sale to end customers.
Companies that use Nevada Exploration
Customer profileIdeal customer profiles1 record
Nevada Exploration technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Nevada Exploration partnerships and signals
Strategic signalScale indicators1 record
Recent moves4 records
Expansion highlights3 records
Nevada Exploration competitors and assessment
Company assessmentDirect peers
- ValOre Metals: Junior precious-metals explorer with North American assets, comparable as a small-cap publicly listed gold/silver explorer advancing early-stage projects.
- Gold Standard Ventures: Junior gold explorer historically focused on Carlin-type deposits in Nevada, sharing the same target style and jurisdiction as Nevada Exploration's South Grass Valley project.
- Paramount Gold Nevada: Nevada-focused gold and silver exploration and development company advancing multiple projects in the state, directly comparable in business model and asset geography.
- Fiore Gold (now Calibre Mining): Junior Nevada gold producer previously operating the Pan and Gold Rock mines; highly comparable as a small-cap Nevada-focused gold explorer/producer.
- Orla Mining: Gold-focused mid-tier producer and explorer with North American projects, comparable as a small-cap public gold company pursuing resource-stage and exploration-stage assets.
- Austin Gold Corp. US-listed junior gold exploration company targeting Nevada and other US jurisdictions; closely comparable scale, listing profile, and exploration-stage strategy.
Broad incumbents
- Barrick Gold: One of the world's largest gold miners with extensive Nevada operations including the Carlin and Cortez complexes, providing the geological benchmark for Carlin-type exploration in Nevada.
- Newmont Corporation: Largest gold miner globally with a deep Nevada footprint (Carlin, Phoenix, Long Canyon), representing the dominant incumbent and likely acquirer of any major Nevada discovery.
- Waterton Precious Metals: Private royalty and streaming company with significant Nevada gold exposure, serving as a relevant capital and royalty counterpart for Nevada-focused juniors.
- EMX Royalty Corporation: Royalty and mineral property generator with a global portfolio including Nevada gold exposure, comparable as an alternative capital and partnership model for early-stage explorers.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
Nevada Exploration social profiles
Digital presenceNevada Exploration financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nevada Exploration leadership team
Management profileNumber of profiles
Profiles4 records
Nevada Exploration funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nevada Exploration M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nevada Exploration
What does Nevada Exploration do?
Nevada Exploration Inc. is a junior mineral exploration company focused on acquiring, developing, and exploring gold projects, with primary activity at its South Grass Valley property in Nevada targeting Carlin-type gold deposits. The company conducts drilling programs and assay analysis to identify economic gold mineralization and advance its mineral claims toward potential development or disposition.
Is Nevada Exploration a public or private company?
Nevada Exploration is a private company. It is classified as public and is currently operating.
When was Nevada Exploration founded?
Nevada Exploration was founded in 2006. It employs 1 to 10 people.
Where is Nevada Exploration based?
Nevada Exploration is headquartered in Vancouver, Canada, in the North America region.
Who are Nevada Exploration's main competitors?
Direct peers on record are ValOre Metals, Gold Standard Ventures, Paramount Gold Nevada, Fiore Gold (now Calibre Mining), Orla Mining and Austin Gold Corp.. Broad incumbents are Barrick Gold, Newmont Corporation, Waterton Precious Metals and EMX Royalty Corporation.
Does Nevada Exploration have an API?
No public API is recorded for Nevada Exploration.
What industry is Nevada Exploration in?
Nevada Exploration's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling). Its NAICS code is 212220 and its SIC code is 1040.