What Hy-Tech Drilling does

Hy-Tech Drilling is a Canadian-headquartered diamond core drilling services contractor that designs and operates proprietary drill rigs to support mineral exploration and mine development programs from early-stage targets through definition drilling. Its core products are two in-house designed platforms: the Tech 5000, a lightweight portable rig deployed across Canada, the USA, Portugal, and Spain with N-size capacity up to 2,696 meters and a 99% hole completion rate; and the RBS-1800, a high-capacity platform used in Chile and Argentina engineered for harsh Andean conditions with a 2,232-meter proven depth. Supporting services include surface drilling, underground drilling, specialty directional drilling (Navi-Drilling mud motors, wedging, continuous-coring directional systems), and a Reporting & Data product offering real-time client dashboards. The company also markets a proprietary water management system that reduces water consumption by up to 90% and maintains ISO 9001, ISO 45001, CDDA DEC, and PAIR certifications.

Hy-Tech generates revenue primarily through negotiated multi-year service contracts with mining and exploration companies, with pricing quoted per project based on scope, duration, location, and technical requirements rather than via standard published tiers. The go-to-market is enterprise field sales built on direct relationships, industry-event presence (PDAC, AME Roundup), and demonstrated reliability that converts into contract renewals — evidenced by four consecutive renewals with Dakota Gold and the largest contract in company history, a 5-year agreement with Newmont covering the Brucejack and Red Chris mines. The company maintains a diversified geographic footprint across Canada, the USA, Portugal, Spain, Chile, and Argentina, with wholly-owned subsidiaries in Chile and Argentina following the 2026 acquisition of Griffith Drilling, and a portfolio of Indigenous equity joint ventures (Tahltan Hy-Tech Drilling, Rivers Drilling, A2SKI Tek Drilling) that provide differentiated market access in community-sensitive regions.

Customer segments span junior explorers, mid-tier miners, and major gold/copper producers (named clients include Newmont, Dakota Gold, Somincor/Lundin, Rokmaster, and Murchison Minerals). Distribution is direct-to-customer with no reseller or distributor channel; crews and equipment are company-employed and company-owned. Recurring revenue mechanics are anchored in multi-year contracts and demonstrated renewal behavior, while expansion signals include geographic consolidation in South America, leadership additions in business development and sustainability, and active record-setting on depth and completion metrics.

Name

Hy-Tech Drilling

Legal name

Hy-Tech Drilling

Website

https://hy-techdrilling.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration Drilling Services

NAICS

Support Activities for Mining (213), Support Activities for Metal Mining (213114), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industries

Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC), Drill Tools, Bits & Downhole Equipment (IMAHAMAB)

Keywords

• Diamond drilling services
• Mineral exploration drilling
• Underground core drilling
• Surface core drilling
• Directional drilling solutions

Headquarters

HQ city

Smithers

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Diamond Drilling Services: Core revenue from providing diamond drilling services to mining and exploration companies. Services include surface drilling, underground drilling, and specialty directional drilling. Revenue generated through service contracts, typically multi-year agreements with major mining operators.
2. Equipment Manufacturing: Design and manufacture of proprietary drilling equipment including the Tech 5000 and supporting systems. Equipment is primarily used internally but represents potential revenue stream.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Hy-Tech Drilling provides diamond drilling services to mining and exploration companies, executing surface, underground, and specialty directional drilling programs. The company operates a fleet of proprietary drill rigs (Tech 5000, RBS-1800) and delivers predictable performance from early-stage exploration through mine development across six countries. Revenue is generated through negotiated multi-year service contracts with major mining operators.

Product overview

Hy-Tech Drilling offers a portfolio of proprietary drill rigs and specialized drilling services for mineral exploration. The core products include the Tech 5000 (lightweight, portable drill for Canada, USA, Spain, and Portugal) and the RBS-1800 (high-capacity drill for Chile and Argentina). These rigs support four main service lines: Surface Drilling, Underground Drilling, Specialty Drilling (directional, wedging, and surveying), and Reporting & Data. The Driller's Helper Training Program provides onboarding support. Together, these form an integrated drilling solution spanning early exploration to definition and mine development.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 99% hole completion rate
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Griffith DrillingcoreStrategic or Co-development PartnerHy-Tech signed agreement to complete acquisition of Griffith Drilling, building on successful 4-year joint venture. This strengthens Hy-Tech's presence in South America. Legal name changes completed in Chile and Argentina to Hy-Tech Drilling Chile and Hy-Tech Drilling Argentina.
• A2SKI Tek DrillingcoreStrategic or Co-development PartnerIndigenous-owned drilling partnership represented at PDAC 2025. Partnership built on solid, unwavering collaboration since inception with full teamwork at all levels.
• Rivers DrillingcoreStrategic or Co-development PartnerIndigenous-owned business partnership in Canada. CEO Céline Favreau noted partnership as powerful way to build capacity and increase Indigenous participation in resource sector.
• Tahltan Hy-Tech DrillingcoreStrategic or Co-development PartnerIndigenous equity partnership with Tahltan Nation Development Corporation, representing collaborative presence in Canadian mining regions.
• NewmontcoreStrategic or Co-development Partner5-year drilling contract for Brucejack and Red Chris mines - Hy-Tech's largest contract ever. Long-standing partnership with one of world's leading gold producers. Combines underground and surface core drilling services.
• Hy-Tech Griffith DrillingcoreStrategic or Co-development PartnerJoint venture brand operating in South America before full acquisition, represented at PDAC 2025 by Boyd Griffith.
• Rokmaster Resources Corp.minorStrategic or Co-development PartnerContract drilling at Hanson Property testing porphyry copper targets. Analytical results expected for Nechako Project exploration program.
• Dakota GoldcoreStrategic or Co-development PartnerPartnership for drilling at Richmond Hill and Maitland Gold Projects in South Dakota's Homestake District. Led to four consecutive contract renewals and expansion to Coeur Wharf Mine.
• A2SKI Tek DrillingcoreChannel Partner/ Reseller/ DistributorIndigenous-owned business partnership providing drilling services. Craig Skaros, President noted partnership as solid and unwavering, fostering full collaboration at all levels.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Geodrill Limited: West Africa-focused Canadian diamond drilling contractor serving gold and copper explorers. Directly comparable service line and customer profile; smaller fleet but same specialty core drilling model.
• Major Drilling Group International: Canadian-headquartered global diamond drilling contractor operating across mining and exploration projects. Closest direct peer to Hy-Tech in terms of services offered, target customer base (major miners), and multi-country geographic footprint.
• Orbit Garant Drilling Services: Canadian-listed mineral drilling contractor with operations across Canada and internationally. Comparable specialty drilling service offering serving mining and exploration customers.
• Foraco International: France-based global drilling services company operating ~300 rigs across mining and energy projects. Directly comparable in scale, multi-country footprint, and exploration/production drilling service mix.

Broad incumbents

• Sandvik Mining and Rock Solutions: Division of Sandvik providing drilling equipment, tools, and services to mining and rock excavation. Comparable equipment line to Hy-Tech's Tech 5000 and RBS-1800 but operates as global equipment OEM rather than specialty service contractor.
• Perenti (formerly Ausdrill): Australian-listed diversified mining services group with drilling as a core vertical. Comparable in mineral drilling and mine development services but operates across a much broader mining services portfolio.
• Epiroc: Swedish mining and infrastructure equipment manufacturer with drilling equipment and aftermarket service. Comparable in drilling equipment category but focuses on hardware OEM plus integrated solutions rather than pure drilling services.
• Boart Longyear: Largest global drilling services and equipment provider serving mineral exploration, energy, and mining operators. Comparable in services but operates much larger drilling products manufacturing business; serves broader end markets.

Emerging players

• Dumas Contracting: North American underground mining contractor with overlap in underground mine development drilling. Comparable in targeting underground mining operators but focuses more broadly on mine construction than core drilling services.

Regional players

• North West Drilling: Canadian specialty drilling contractor primarily serving Western Canadian mining projects. Comparable in offering diamond drilling to mining operators but at a smaller scale and regional Canadian footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries7 records

Funding overview

Funding rounds

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 Hy-Tech Drilling