F3 Gold
F3 Gold, LLC is a private, pre-revenue gold exploration company based in Minneapolis, Minnesota, using proprietary geological modeling and diamond core drilling to discover underground gold deposits in the Black Hills region of South Dakota. No discovery or production has been announced.
- Company typePrivate
- Founded-
- HeadquartersMinneapolis, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What F3 Gold does
F3 Gold, LLC is a private gold exploration and prospecting company headquartered in Minneapolis, Minnesota, focused on discovering high-grade, underground gold deposits in the Black Hills region of South Dakota through its Silver City Project and the active Jenny Gulch Exploration Project. The company describes itself as a team of "explorer-scientists" using scientific, data-driven geological techniques including diamond core drilling, rock and soil sample collection, geological mapping, geophysical data collection, microscope mineral analysis, and 3D geostatistical and vector modeling to evaluate subsurface mineral potential.
The company's core intellectual asset is its proprietary "New Science Geological Model," which hypothesizes the presence of undiscovered gold deposits deep underground in the historically mined Black Hills district. The Jenny Gulch program proposes 42 drill pad sites on 50'x50' footprints totaling less than five acres of surface impact, using diamond core drilling to retrieve subsurface rock samples. F3 Gold also maintains a public Learning Library providing educational content about gold's role in technology and exploration methods, and partners with Universities for student learn-work opportunities.
F3 Gold is pre-revenue and pre-discovery. Its business model is not commercial sales-based but rather exploration-stage: secure mineral and permit rights, conduct systematic exploration to test geological hypotheses, and ultimately convert a discovery into a producing asset or monetize it via sale, lease, or joint venture with a mining operator. Operations are conducted under regulatory oversight of the US Forest Service, the Bureau of Land Management, and the South Dakota Department of Environment and Natural Resources, and the company has not yet announced a gold discovery. The company is structured as a Minnesota LLC, founder-operated with Rob Bergmann as President and Brian Lentz as Vice President, with 1-10 employees and no disclosed external institutional funding.
F3 Gold firmographics
Firmographics- Name
- F3 Gold
- Legal name
- F3 Gold, LLC
- Website
- https://f3gold.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- F3 Gold, LLC is a private, pre-revenue gold exploration company based in Minneapolis, Minnesota, using proprietary geological modeling and diamond core drilling to discover underground gold deposits in the Black Hills region of South Dakota. No discovery or production has been announced.
- Ownership category
- akta.pro rank
F3 Gold industry classification
Industry- Product category
- Gold and Precious Metals Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industry
- Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)
Keywords
Where F3 Gold is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
F3 Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Others
Marketing channels1 record
F3 Gold product offering
Product offeringCore offering
F3 Gold is a private gold prospecting and exploration company that conducts scientific, data-driven mineral exploration in the Black Hills region of South Dakota. Its core work centers on the Silver City Project and its active Jenny Gulch drill program, using diamond core drilling, geological mapping, geophysical surveys, and 3D modeling to test a proprietary geological model suggesting an undiscovered deep-underground gold deposit.
Product overview
F3 Gold is a private gold prospecting and exploration company headquartered in Minneapolis, Minnesota, focused on discovering high-grade, underground gold deposits in the Black Hills region of South Dakota. The company's core offering is its mineral exploration services, which form the foundation of the Silver City Project. The primary active initiative is the Jenny Gulch Exploration Project, which uses diamond core drilling techniques to collect subsurface rock samples. The company also provides educational resources through its Learning Library, covering topics such as gold's role in technology, exploration methods, and drilling processes. F3 Gold positions itself as an explorer-scientist organization utilizing scientific, data-driven geological techniques including rock and soil sampling, geological mapping, geophysical data collection, and 3D modeling to evaluate mineral potential.
Differentiator
Problem solved
Functional benefit
Brands
- Silver City Project: The company's primary exploration project focused on discovering gold deposits in the Black Hills region of South Dakota.
Products and services
- Silver City Project The company's primary exploration project focused on discovering an undiscovered gold deposit in the Black Hills region of South Dakota through systematic geological study and evaluation of the area's mineral potential.
- Jenny Gulch Exploration Project
- Gold and Precious Metals Exploration Services
Companies that use F3 Gold
Customer profileSegments1 record
Ideal customer profiles1 record
F3 Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
F3 Gold partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, supporting and minor.
- US Forest Service (USFS)coreF3 Gold works with the US Forest Service for permitting and regulatory oversight of their exploration projects in the Black Hills National Forest. The company has submitted permit applications for exploratory drilling in the Jenny Gulch area.
- BLM (Bureau of Land Management)supportingF3 Gold collaborates with the Bureau of Land Management as part of their regulatory compliance and environmental oversight process for exploration activities.
- South Dakota Department of Environment and Natural ResourcessupportingF3 Gold works with state environmental authorities to ensure exploration activities comply with environmental best practices and regulations.
- YMCAminorF3 Gold supports local youth through the YMCA as part of their community investment and social responsibility initiatives.
- Boys & Girls ClubsminorF3 Gold supports local youth organizations including the Boys & Girls Clubs as part of their community engagement and social responsibility programs.
- Local Volunteer Fire DepartmentsminorF3 Gold supports local Volunteer Fire Departments as part of their community investment and local partnership initiatives.
- Barr EngineeringsupportingBarr Engineering conducts the Environmental Assessment for F3 Gold's Jenny Gulch exploration project as an independent third party, as required by the USFS permitting process.
- University PartnersminorF3 Gold partners with Universities to create learn-work opportunities for students, supporting education and workforce development in the geology and mining sectors.
Recent moves1 record
Expansion highlights4 records
F3 Gold competitors and assessment
Company assessmentEmerging players
- New Found Gold Corp: Junior gold explorer that made a high-grade discovery in a historically underexplored district (Queensway, Newfoundland) using modern exploration techniques. Comparable narrative of 'new science in an old district,' though at a more advanced stage.
- Perpetua Resources: Junior mining company advancing a US-based gold-antimony project through federal permitting (Stibnite in Idaho). Comparable in stage, US permitting complexity, and ESG/community-engagement orientation.
Direct peers
- Dakota Gold Corp: Directly comparable junior gold exploration company also operating in the Black Hills of South Dakota with multiple gold projects. Same commodity, same jurisdiction, similar stage — making it the most relevant comp for F3 Gold's Silver City Project.
- Paramount Gold Nevada: Junior gold exploration and development company with projects in Nevada and Oregon. Similar pre-resource to early-resource profile, comparable scale, and analogous need for capital and discovery validation.
- Gold Standard Ventures: Junior gold exploration and development company with advanced-stage projects in Nevada. Highly comparable as a small-cap gold explorer working through drilling, permitting, and resource definition with similar risk-reward profile.
- Liberty Gold Corp: Mid-stage gold exploration company focused on defining gold resources in the western United States. Comparable business model (junior explorer advancing projects toward resource definition) and similar scale/market profile.
Broad incumbents
- Coeur Mining: Established US-based precious metals producer with active exploration and operating assets in the Black Hills region (Wharf mine). Comparable as a senior incumbent in the same district, providing context for potential acquirer/JV partner dynamics.
- Hecla Mining Company: Established US-based silver and gold producer with a long history of exploration in historic American mining districts. Comparable as a senior precious metals operator with strong US jurisdiction footprint and underground mining expertise relevant to F3 Gold's deep-deposit model.
Others
- Fortitude Gold Corp: Small-cap gold producer and explorer with US-based operations. Comparable as a US-focused precious metals company at a similar small-cap scale, providing context on go-forward production economics.
- Barr Engineering (as service/regulatory partner context): Environmental and engineering consultancy already engaged by F3 Gold for permitting support. Included as an ecosystem/adjacent peer illustrating the service infrastructure F3 Gold relies on for USFS permitting pathways.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
F3 Gold social profiles
Digital presenceF3 Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
F3 Gold leadership team
Management profileNumber of profiles
Profiles2 records
F3 Gold funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
F3 Gold 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 F3 Gold
What does F3 Gold do?
F3 Gold is a private gold prospecting and exploration company that conducts scientific, data-driven mineral exploration in the Black Hills region of South Dakota. Its core work centers on the Silver City Project and its active Jenny Gulch drill program, using diamond core drilling, geological mapping, geophysical surveys, and 3D modeling to test a proprietary geological model suggesting an undiscovered deep-underground gold deposit.
Is F3 Gold a public or private company?
F3 Gold is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was F3 Gold founded?
F3 Gold was founded in -1. It employs 1 to 10 people.
Where is F3 Gold based?
F3 Gold is headquartered in Minneapolis, United States, in the North America region.
Who are F3 Gold's main competitors?
Emerging players on record are New Found Gold Corp and Perpetua Resources. Direct peers are Dakota Gold Corp, Paramount Gold Nevada, Gold Standard Ventures and Liberty Gold Corp. Broad incumbents are Coeur Mining and Hecla Mining Company. Others are Fortitude Gold Corp and Barr Engineering (as service/regulatory partner context).
Does F3 Gold have an API?
No public API is recorded for F3 Gold.
What industry is F3 Gold in?
F3 Gold's product category is Gold and Precious Metals Exploration. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAKAB, Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger). Its NAICS code is 212220 and its SIC code is 1040.