King’s Bay

What King’s Bay does

King's Bay Resources Corp. (formerly King's Bay Gold Corporation) is a Vancouver-based junior mineral exploration company focused on identifying and advancing cobalt and high-tech metal properties in mining-friendly Canadian jurisdictions. The company's exploration portfolio comprises three core assets: the Lynx Lake Copper-Cobalt Project in southern Labrador (240 sq km, with grab samples up to 1.39% Cu and 0.94% Co), the Trump Island Copper-Cobalt Property in Newfoundland (8 mineral claims, 2 sq km, with historical sampling up to 3.80% Cu and 0.30% Co), and a collection of three Quebec cobalt properties — Ninuk Lake, Broadback River, and Roberge — targeting CoCuNi mineralization. Underlying technical work to date includes a VTEM Plus airborne geophysical survey over Lynx Lake, an NI 43-101 Technical Report, and a 2017 diamond drill program at Lynx Lake of two holes totaling 501.9 meters.

Name

King’s Bay

Legal name

King's Bay Gold Corporation

Website

https://kingsbayres.com

Company type

Public

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

King's Bay Resources Corp. is a Vancouver-based, pre-revenue junior mining exploration company focused on cobalt and high-tech metals properties in Canada, planning to monetize assets via joint venture or sale; in March 2019 it announced a pivot to acquire cannabis-industry Elicit Labs.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Mining, Quarrying, and Oil and Gas Extraction (21)

SIC

Metal Mining (1000)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Cobalt exploration
• Mineral exploration
• Copper-cobalt properties
• Junior mining
• High-tech metals

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Mineral Property Disposal/Joint Ventures: The company acquires mineral properties and conducts exploration programs to increase their value. Revenue is generated through selling properties or entering into joint venture agreements with larger mining companies that can advance the properties to production.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

King's Bay is a junior mineral exploration company that acquires, explores, and seeks to advance copper-cobalt and high-tech metals properties in North America. The company's primary activities involve grassroots and early-stage exploration of its Lynx Lake (Labrador), Quebec Cobalt, and Trump Island (Newfoundland) properties through geophysical surveys, drilling, and sampling, with the goal of monetizing the assets via property sales or joint ventures with larger mining companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Lynx Lake Copper-Cobalt Project A copper-cobalt exploration project located in southern Labrador, approximately 100 km southeast of Happy Valley-Goose Bay, covering 240 square kilometers. The property has yielded grab sample assays up to 1.39% Cu, 0.94% Co, 0.21% Ni, and 6.5g/t Ag, has an adjacent 3-phase power line, and has undergone a VTEM Plus geophysical survey and a 501.9-meter, two-hole diamond drilling program.
• Quebec Cobalt Properties A portfolio of three cobalt-focused exploration properties in Quebec: Ninuk Lake Project (19 claims, 2,164 acres), Broadback River Property (9 claims, 1,035 acres), and Roberge Cobalt Property (3 claims, 443 acres), targeting Co-Cu-Ni mineralization.
• Trump Island Copper-Cobalt Project A copper-cobalt property consisting of 8 mineral claims covering 2 square kilometers, located 7 kilometers south of Twillingate, Newfoundland and Labrador. Historical sampling yielded up to 3.80% Cu and 0.30% Co.

Quantifiable outcome

• Lynx Lake grab samples yielded up to 1.39% Cu, 0.94% Co, 0.21% Ni, 6.5g/t Ag

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Surge Battery Metals: Canadian junior explorer focused on nickel and other battery metals in North America. Comparable scale and exploration-stage profile targeting the EV supply chain theme.
• Battery Mineral Resources Corp. Canadian junior miner with cobalt-copper-gold-silver exploration assets in Ontario, Nevada, and South Korea. Comparable as a small-cap diversified critical minerals explorer pursuing similar Co-Cu-Ni themes.
• Electra Battery Materials: Formerly First Cobalt Corp., Electra is a Canadian battery materials company with cobalt exploration and refining assets in Ontario. Direct peer in North American cobalt/critical minerals space targeting EV battery supply chain.
• Fuse Cobalt Inc. Canadian junior cobalt exploration company with properties in Ontario. Similar market cap and stage profile to King's Bay; comparable business model of acquiring and advancing cobalt properties in Canada.
• Global Energy Metals Corporation: Canadian junior focused on cobalt, copper, nickel, and other battery metals exploration. Holds multiple North American and Australian cobalt projects, directly comparable as a small-cap critical minerals explorer.
• Canada Silver Cobalt Works: Canadian junior explorer with cobalt-silver properties in Ontario (Castle Mine area). Comparable as a TSX.V-listed junior pursuing critical minerals in mining-friendly Canadian jurisdictions.

Broad incumbents

• Jervois Mining Limited: Australia/Canada-based mid-tier cobalt and nickel producer with operations in the U.S., Finland, and Brazil. Established incumbent offering exposure comparison for junior cobalt explorers targeting development.
• Sherritt International Corporation: Established Canadian mid-tier miner with significant cobalt and nickel production assets (Moa Joint Venture, Cuba) and refining operations. Relevant incumbent peer providing scale comparison in the cobalt/nickel space.

Emerging players

• Zimtu Capital Corporation: Vancouver-based project generator that holds strategic stakes in junior resource companies including King's Bay (Nick Rodway connection). Comparable as a mining sector capital pool and project incubator rather than a direct operating peer.
• Foremost Clean Energy: Canadian junior explorer with uranium and lithium/critical minerals exposure. Comparable as a small-cap North American exploration company pursuing the energy transition metals theme.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/kingsbayres
• Facebookfacebook.com/KingsBayResources
• LinkedInlinkedin.com/company/kings-bay-resources-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 King’s Bay