What Quadro Resources does

Quadro Resources Ltd. is a Vancouver-based junior mineral exploration company focused exclusively on gold exploration in Newfoundland, Canada. The company holds interests in multiple exploration properties along the Cape Ray Fault Corridor and Central Newfoundland Gold Belt, strategically positioned adjacent to Marathon Gold's Valentine Lake deposits (a 4+ million ounce resource approximately 7 km from Quadro's claims) and near New Found Gold's Queensway project. Its portfolio includes the Staghorn Property (optioned to TRU Precious Metals for up to 65% earn-in), Long Lake, Tulks South, and Careless Cove/Yellow Fox properties, collectively covering hundreds of claim units across central and southwestern Newfoundland.

The company operates without any software product or proprietary technology; its core activities consist of geological surveys, soil sampling, diamond drilling, and geophysical surveys (magnetics, induced polarization). Notable high-grade drill results include intersections of up to 29.1 g/t Au at Marks Pond and 31.7 g/t Au at the Ricky Target on Long Lake. Quadro's strategic approach involves acquiring prospective ground, conducting initial exploration to demonstrate prospectivity, then optioning properties to larger partners who fund ongoing work in exchange for earn-in rights.

Quadro is pre-revenue and generates no operating cash flow. Capital is raised through repeated private placement financings (over CAD $3.3M raised between 2017 and 2020, with an additional $600K filing in June 2026) and joint venture consideration from partners. The company is publicly listed on the TSX Venture Exchange (QRO), OTCQB (QDROF), and Frankfurt Stock Exchange (G4O2), with approximately 27.8 million shares outstanding following a 1-for-3 consolidation in November 2022. Its primary counterparties are JV partners (notably TRU Precious Metals and Eldorado Gold via the Golden Rose Project) and equity investors in the junior mining sector.

Name

Quadro Resources

Legal name

Quadro Resources Ltd.

Website

https://quadroresources.com

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

Quadro Resources Ltd. is a Vancouver-based junior mineral exploration company focused on gold exploration in Newfoundland, Canada, optioning properties to JV partners (notably TRU Precious Metals) and funding work through equity financings.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Support Activities for Mining (2131), Mining (except Oil and Gas) (212), Geophysical Surveying and Mapping Services (541360)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

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

akta.pro secondary industry

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

Keywords

• Mineral exploration
• Gold exploration
• Mineral properties
• Junior mining
• Joint venture mining

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, Technology or R&D, Others

Revenue model

1. Pre-Revenue Exploration Stage: Quadro Resources is a pre-revenue junior mining company. It generates no operating revenue and is entirely funded through equity financings, joint venture arrangements, and option payments from partners. The company explores gold properties in Newfoundland with the goal of discovering economic mineral deposits that can be advanced to production or sold to larger mining companies.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Quadro Resources is a junior mineral exploration company focused on acquiring, exploring, and developing gold properties in Newfoundland, Canada. The company holds interests in multiple exploration properties along the auriferous Cape Ray Fault Corridor, including Staghorn (optioned to TRU Precious Metals), Long Lake, Tulks South, Careless Cove, and Yellow Fox. Its business model involves staking or optioning prospective ground, conducting drilling and geophysical surveys to delineate gold mineralization, and then optioning or joint-venturing projects to larger mining companies to fund further exploration while retaining ownership stakes.

Product overview

Quadro Resources is a mineral exploration company focused on gold exploration in Newfoundland, Canada. The company holds interests in multiple exploration properties including the Staghorn Property (optioned to TRU Precious Metals for up to 65% earn-in), the Long Lake Property with Tulks South (covering 482 claim units), and Careless Cove/Yellow Fox properties. These properties are strategically located within or adjacent to the auriferous Cape Ray Fault Corridor and Central Newfoundland Gold Belt, proximal to significant gold deposits including Marathon Gold's Valentine Lake deposits and New Found Gold's Queensway Project. The company does not offer software products or services; it is a junior mining exploration company engaged in identifying and developing gold mineral resources through drilling, geochemistry, and geophysics programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Staghorn Gold Property Gold exploration property along the auriferous Cape Ray Fault in southwestern Newfoundland containing multiple gold zones including Woods Lake Zone, Ryan's Hammer, and Marks Pond. The property is the subject of a JV with TRU Precious Metals, which can earn up to 65% interest through staged payments and $1.1M in exploration expenditures.
• Long Lake Gold Property Gold exploration property in central Newfoundland adjacent to Marathon Gold's Valentine Lake deposits containing the Ricky Target with a 700m gold-in-soil anomaly and float samples up to 33.65 g/t Au. Drill intersections include 31.7 g/t Au over 0.5m and 3.68 g/t Au over 5.4m.
• Tulks South Property 212-claim-unit property covering a portion of the Tulks volcanic belt in central Newfoundland, contiguous with the Long Lake property. Part of a combined 482-unit (120.5 sq km) land package along a Monzonite intrusive unit parallel to Marathon Gold's Valentine Lake Monzonite.
• Careless Cove and Yellow Fox Properties Two claim blocks totaling 40 units in east-central Newfoundland within the Central Newfoundland Gold Belt, adjacent to New Found Gold Corp.'s Queensway Project. Previous results include 59.413 g/t Au from the Yellow Fox showing.

Quantifiable outcome

• Marks Pond Gold Zone extended to 626m strike length with grades up to 29.1 g/t Au over 0.35m
• +2 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

Partnerships

Eight partnerships are on record, tiered minor and core.

• Benton Resources Inc.minorStrategic or Co-development Partner · 1 June 2026Benton and Metals Creek expanded land positions at Smoking Gun and Parson's Pond hydrogen-helium projects in Newfoundland. Quadro previously held option interests in their lead/silver properties but this news relates to separate H2-He exploration unrelated to Quadro's gold focus.
• TRU Precious Metals Corp.coreStrategic or Co-development Partner · 5 July 2025TRU Precious Metals Corp. executed a Joint Venture Agreement with Quadro formalizing a 51%/49% JV arrangement on the Staghorn Property within the Golden Rose Project. TRU operates the JV and earns a 10% operator's fee on exploration expenditures. TRU can earn up to 65% interest through additional payments and exploration expenditures. Eldorado Gold holds an existing option to earn 80% in the broader Golden Rose Project.
• TRU Precious Metals Corp.coreStrategic or Co-development Partner · 15 June 2022Option agreement giving TRU option to acquire up to 65% in Staghorn property. To earn 51%, TRU must make $225K in cash payments, issue $350K in shares, and incur $1.1M in exploration (including $660K in drilling). Additional 14% requires $200K cash, $250K shares, and $850K exploration.
• Buchans Minerals CorporationminorStrategic or Co-development Partner · 26 July 2021LOI for Tulks South Property - Quadro option to earn 51% by incurring C$500K exploration expenditures over 4 years. Second option to earn additional 19% (70% total) by spending further $250K. If BMC elects not to participate, joint venture formed with 51% Quadro/49% BMC.
• Metals Creek Resources Corp.minorStrategic or Co-development Partner · 11 August 2020Quadro option to earn 100% interest in Careless Cove/Yellow Fox claim groups (40 claim units). Amendment in Sept 2022 replaced $20K cash payment with 500K shares at $0.04 deemed price.
• Metals Creek Resources Corp.minorStrategic or Co-development Partner · 9 July 2018Quadro acquired option to earn 1/3 interest in Conche Property (Lead/Silver) from Metals Creek and Benton. Required to issue 1M shares to each over 18 months. Upon exercise, each retains 1% NSR (50% purchasable for $500K).
• Metals Creek Resources Corp.coreStrategic or Co-development Partner · 7 June 2017Metals Creek and Benton granted Quadro option to acquire 100% interest in Staghorn property. Quadro issued 4M shares to each of Metals Creek and Benton, assumed Rose Gold property obligations, and granted NSR royalties. Metals Creek retains 1% NSR (50% purchasable for $500K).
• Benton Resources Inc.coreStrategic or Co-development Partner · 7 June 2017Benton and Metals Creek granted Quadro option to acquire 100% interest in Staghorn property. Benton retains 1% NSR (50% purchasable for $500K) and 3% NSR on 3km area of interest (2% purchasable for $2M).

Scale indicators7 records

Recent moves10 records

Expansion highlights4 records

Regional players

• Marathon Gold Corp. Developer of the Valentine Lake gold project in central Newfoundland, immediately adjacent to Quadro's Long Lake and Tulks South properties. Most directly comparable Newfoundland gold peer and the dominant anchor asset defining the district's prospectivity.
• Amex Exploration Inc. Explorer advancing the Perron Project in Quebec; Quadro previously optioned the adjacent Samex Property in 2020. Comparable junior gold explorer with similar scale and discovery-driven thesis.
• New Found Gold Corp. Explorer-developer of the Queensway gold project in Newfoundland, directly adjacent to Quadro's Careless Cove and Yellow Fox properties. Closest comparable high-grade gold explorer in the Central Newfoundland Gold Belt.

Direct peers

• Benton Resources Inc. Original grantor of the Staghorn property to Quadro and a co-explorer on multiple Newfoundland prospects (Smoking Gun, Parson's Pond). Closely aligned junior with shared Newfoundland gold focus.
• Buchans Minerals Corporation: Counterparty that granted Quadro an option to earn up to 70% in the Tulks South Property in central Newfoundland. Comparable junior with Newfoundland VMS/gold exposure and similar market cap profile.
• TRU Precious Metals Corp. JV partner and operator of Quadro's Staghorn property (up to 65% earn-in) within the Golden Rose Project, where Eldorado Gold holds an 80% option on the broader package. Same Newfoundland gold exploration mandate, same cap-table audience.
• Metals Creek Resources Corp. Co-grantor of the Staghorn option to Quadro and counterparty on Careless Cove/Yellow Fox, Conche and other Newfoundland properties. Directly comparable TSX-V gold explorer with shared asset history.
• White Metal Resources Corp. Former option partner on Quadro's Seagull Lake PGM property (option withdrawn in 2021). Comparable sub-$5M TSX-V junior focused on early-stage critical/precious metals exploration.

Others

• Palisades Goldcorp: Specialist natural-resource investor that led Quadro's December 2020 private placement. Not a peer in the operating sense but a relevant capital-provider comparable for evaluating the company's financing pathway.

Broad incumbents

• Eldorado Gold Corp. Mid-tier gold producer that holds an existing option to earn 80% in the broader Golden Rose Project that contains Quadro's Staghorn property. Sets the benchmark exit / acquisition multiple for junior holders in the district.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Quadro Resources