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Sandspring Resources

Full company profile

uuid003exds

Namestring
Sandspring Resources
Legal namestring
Sandspring Resources Ltd.
Websiteurl
sandspringresources.com
Company typeenum
Public
Founded yearint
2006
Descriptiontext

Sandspring Resources Ltd. is a publicly listed junior mineral exploration and development company headquartered in Centennial, Colorado, with corporate domicile in Canada. The company is listed on the TSX Venture Exchange under ticker GLDX and on OTCQX under SSPXF. Its principal asset is the Toroparu mine project in Guyana, a gold-focused exploration property. Founded in 2006, Sandspring has historically operated as an intermediate-stage natural resource developer, raising capital in three discrete equity rounds between 2009 and 2012 totaling approximately $81.9 million ($6.0M in 2009, $50.9M in 2010, and $25.0M in 2012).

The business model follows the conventional junior mining template: raise equity capital, advance exploration and resource delineation, and ultimately target either project construction, sale to a mid-tier producer, or strategic transaction. The company does not appear to have reached production stage based on available data, and no operating revenue, pricing model, or product portfolio is disclosed. Leadership disclosed includes CEO Rich Munson, CFO Jeremy Crichton, EVP P. Greg Barnes, and VP of Communications & Investor Relations Rhylin Bailie.

The company's operating status is materially uncertain. The corporate website (sandspringresources.com) is currently parked via GoDaddy, indicating it is no longer maintained. Pitchbook's 2025 profile references a prior Gold X Mining identity, suggesting a possible corporate rebranding, acquisition, or wind-down. Headcount is reported at 1–10 employees, consistent with a shell or transition entity. No product launches, partnerships, M&A, or management changes have been recorded in the source material within the observable window, and the absence of any operational signals points to a company that is effectively dormant or in the late stages of corporate transition.

Short descriptiontext

Sandspring Resources Ltd. is a publicly listed junior mining company (TSX.V: GLDX; OTCQX: SSPXF) focused on the Toroparu gold project in Guyana. The firm has effectively ceased active operations, with its website parked and recent Pitchbook data referencing a prior Gold X Mining identity.

Operating statusenum
Closed
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersCentennial, United States
HQ citystring
Centennial
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
gold mining, mineral exploration, mine development, natural resources, precious metals
Industry1 code
1Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling)
CodeIMAKAKAAPrimaryYes
NAICS code1 code
  • Gold Ore and Silver Ore Mining21222
SIC code1 code
  • Gold And Silver Ores1040
Product category
Gold Mining
Social media profiles1 record
Cost components4 values
Operations, Supply Chain, Personnel, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Sandspring Resources is an intermediate natural resource exploration and development company focused on the Toroparu gold mine project in Guyana. The company is publicly listed on the TSX.V (ticker GLDX) and OTCQX (ticker SSPXF) and was previously known as Gold X Mining.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Sandspring Resources is a mining company associated with the Toroparu mine project in Guyana. The company has been referenced in connection with Gold X Mining. No detailed product or service portfolio information is available from the provided sources, as the primary company website is inactive (parked domain).

Product and service1 record
1Toroparu Gold Mine Project
CategoryGold mining / mineral exploration
Description

The Toroparu project is a gold mining property in Guyana that constitutes Sandspring Resources' principal mineral asset and the company's core exploration and development activity.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Market position
Competitive moat1 record

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles4 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Sandspring Resources

Gold Miningsandspringresources.com

Sandspring Resources Ltd. is a publicly listed junior mining company (TSX.V: GLDX; OTCQX: SSPXF) focused on the Toroparu gold project in Guyana. The firm has effectively ceased active operations, with its website parked and recent Pitchbook data referencing a prior Gold X Mining identity.

What Sandspring Resources does

Sandspring Resources Ltd. is a publicly listed junior mineral exploration and development company headquartered in Centennial, Colorado, with corporate domicile in Canada. The company is listed on the TSX Venture Exchange under ticker GLDX and on OTCQX under SSPXF. Its principal asset is the Toroparu mine project in Guyana, a gold-focused exploration property. Founded in 2006, Sandspring has historically operated as an intermediate-stage natural resource developer, raising capital in three discrete equity rounds between 2009 and 2012 totaling approximately $81.9 million ($6.0M in 2009, $50.9M in 2010, and $25.0M in 2012).

The business model follows the conventional junior mining template: raise equity capital, advance exploration and resource delineation, and ultimately target either project construction, sale to a mid-tier producer, or strategic transaction. The company does not appear to have reached production stage based on available data, and no operating revenue, pricing model, or product portfolio is disclosed. Leadership disclosed includes CEO Rich Munson, CFO Jeremy Crichton, EVP P. Greg Barnes, and VP of Communications & Investor Relations Rhylin Bailie.

The company's operating status is materially uncertain. The corporate website (sandspringresources.com) is currently parked via GoDaddy, indicating it is no longer maintained. Pitchbook's 2025 profile references a prior Gold X Mining identity, suggesting a possible corporate rebranding, acquisition, or wind-down. Headcount is reported at 1–10 employees, consistent with a shell or transition entity. No product launches, partnerships, M&A, or management changes have been recorded in the source material within the observable window, and the absence of any operational signals points to a company that is effectively dormant or in the late stages of corporate transition.

Sandspring Resources firmographics

Firmographics
Name
Sandspring Resources
Legal name
Sandspring Resources Ltd.
Website
https://sandspringresources.com
Company type
Public
Founded year
2006
Operating status
Closed
Headcount range
1–10 employees
Short description
Sandspring Resources Ltd. is a publicly listed junior mining company (TSX.V: GLDX; OTCQX: SSPXF) focused on the Toroparu gold project in Guyana. The firm has effectively ceased active operations, with its website parked and recent Pitchbook data referencing a prior Gold X Mining identity.
Ownership category
akta.pro rank

Sandspring Resources industry classification

Industry
Product category
Gold Mining
NAICS
Gold Ore and Silver Ore Mining (21222)
SIC
Gold And Silver Ores (1040)
akta.pro primary industry
Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

  • Gold mining
  • Mineral exploration
  • Mine development
  • Natural resources
  • Precious metals

Where Sandspring Resources is headquartered

Location

Headquarters

HQ city
Centennial
HQ country
United States
HQ region
North America

Markets served

Sandspring Resources business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Operations, Supply Chain, Personnel, Infrastructure

Sandspring Resources product offering

Product offering

Core offering

Sandspring Resources is an intermediate natural resource exploration and development company focused on the Toroparu gold mine project in Guyana. The company is publicly listed on the TSX.V (ticker GLDX) and OTCQX (ticker SSPXF) and was previously known as Gold X Mining.

Product overview

Sandspring Resources is a mining company associated with the Toroparu mine project in Guyana. The company has been referenced in connection with Gold X Mining. No detailed product or service portfolio information is available from the provided sources, as the primary company website is inactive (parked domain).

Differentiator

Problem solved

Functional benefit

Products and services

  • Toroparu Gold Mine Project The Toroparu project is a gold mining property in Guyana that constitutes Sandspring Resources' principal mineral asset and the company's core exploration and development activity.

Companies that use Sandspring Resources

Customer profile

Ideal customer profiles1 record

Sandspring Resources technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Sandspring Resources partnerships and signals

Strategic signal

Recent moves4 records

Expansion highlights2 records

Sandspring Resources competitors and assessment

Company assessment

Market position

Competitive moat1 record

Key risks5 records

Key highlights4 records

Customer concentration

Sandspring Resources social profiles

Digital presence

Sandspring Resources financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Sandspring Resources leadership team

Management profile

Number of profiles

Profiles4 records

Sandspring Resources funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Sandspring Resources M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sandspring Resources

What does Sandspring Resources do?

Sandspring Resources is an intermediate natural resource exploration and development company focused on the Toroparu gold mine project in Guyana. The company is publicly listed on the TSX.V (ticker GLDX) and OTCQX (ticker SSPXF) and was previously known as Gold X Mining.

Is Sandspring Resources a public or private company?

Sandspring Resources is a public company. It is classified as public and is currently closed.

When was Sandspring Resources founded?

Sandspring Resources was founded in 2006. It employs 1 to 10 people.

Where is Sandspring Resources based?

Sandspring Resources is headquartered in Centennial, United States, in the North America region.

Does Sandspring Resources have an API?

No public API is recorded for Sandspring Resources.

What industry is Sandspring Resources in?

Sandspring Resources's product category is Gold Mining. Its primary akta.pro industry code is IMAKAKAA, Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling). Its NAICS code is 21222 and its SIC code is 1040.

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Live signals
Ticker ReportSandspring Resources (CVE:SSP) Trading Up ? – What’s Next?Shares of Sandspring Resources Ltd. increased during mid-day trading, trading as high as C$0.26 and last traded at that price, with a 14% rise in trading volume. The company is a junior mining firm exploring for gold, copper, and silver in Guyana, South America.The Streetwise ReportsSandspring Resources Ltd. GLDX:TSX.VSandspring Resources Ltd. is a public company based in Guyana that has transitioned from private surface alluvial mining to pursuing large-scale bedrock-mining permits for a gold and copper resource. The company operates a permitted 3,000-tonne-per-day facility and aims to discover a significant open-pittable resource of 3.3 million ounces of gold equivalent.WikipediaToroparu mineGold X Mining, formerly Sandspring Resources, is developing the Toroparu mine in Guyana's Cuyuni-Mazaruni region, which holds estimated reserves of 6 million ounces of gold. The company has invested over US$150 million in exploration and infrastructure, including a 225 km access road, with plans for a 22-year mine life potentially extending to copper and silver extraction. Gold X Mining anticipates receiving its mining license from the Guyanese government in 2021 following a final feasibility study.NasdaqSandspring Announces Filing of Preliminary Economic Assessment Report for Toroparu ProjectSandspring Resources Ltd. announced on July 23, 2019 that it filed a Preliminary Economic Assessment Report for its Toroparu Gold Project in Guyana, prepared by SRK Consulting in accordance with NI 43-101. The PEA, based on base case prices of $1,300 gold, $16 silver and $3 copper, recommends advancing the project to a feasibility study, estimated at 6 to 9 months.GlobeNewswireGran Colombia Gold to Acquire Approximately 15% Interest in Sandspring Resources Ltd.Gran Colombia Gold entered a letter of intent to acquire a 15% equity interest in Sandspring Resources, paying CA$4 million via a private placement. The deal includes Sandspring acquiring Gran Colombia's 30% carried interest in the Guia Antigua Mine in Colombia. Completion is subject to conditions, including due diligence and TSX Venture approval.GlobeNewswireToroparu Gold Project UpdateSandspring Resources Ltd. announced results from its exploration program at the Toroparu Gold Deposit in Guyana, reporting increased resources and positive drill results from its Sona Hill and Wynamu Prospect Areas. The company is also evaluating a hydroelectric project to support future operations. The exploration results support plans for resource conversion and expansion, with ongoing drilling and geochemical surveys.ReutersSandspring Resources announces non-brokered private placementSandspring Resources Ltd announced on September 21 a non-brokered private placement of 17.2 million units at $0.35 per unit. The company said it intends to use the proceeds to fund an exploration program on its Toroparu gold project in Guyana, South America. No details on the total proceeds were disclosed.PR NewswireOTC Markets Group Welcomes Sandspring Resources to OTCQXSandspring Resources Ltd., a Canadian junior mining company focused on the Toroparu Gold Project in Guyana, has been welcomed to trade on the OTCQX Best Market after upgrading from the Pink market. The company will now trade under the symbol "SSPXF" on the OTCQX, a move providing enhanced visibility, expanded access to financial disclosure, and more transparent trading for investors. Sandspring Resources is advancing toward a definitive feasibility study for the project, which aims to produce over 200,000 ounces of gold annually over a 16-year mine life, supported by a gold and silver purchase agreement with Silver Wheaton.GlobeNewswireIIROC Trading Halt / Suspension de la negociation par l'OCRCVM - SSPIIROC halted trading in SandSpring Resources Ltd. (TSX-V: SSP) pending news, effective 9:22 a.m. The suspension is at the company's request, with no further details disclosed.GlobeNewswireIIROC Trade Resumption / L'OCRCVM permet la reprise de la negociation - SSPTrading in Sandspring Res Ltd. (TSX-V: SSP) resumes at 12:30 ET after a temporary halt. The halt was imposed by IIROC to ensure a fair and orderly market, and the company is a publicly-listed entity.