Everton Resource

What Everton Resource does

Everton Resources Inc. is a Canadian junior mining exploration company incorporated in Canada and headquartered in Ottawa, Ontario, with shares listed on the TSX Venture Exchange under ticker EVR. The company is pre-revenue and is focused on the discovery and advancement of mineral properties, primarily gold, silver, copper, zinc, nickel, and lithium. Its principal exploration methods comprise induced polarization (IP) surveys, airborne magnetic and electromagnetic surveys, diamond drilling, trenching, and geochemical sampling, with a minor AI-assist layer provided by Albert Mining's CARDS 2D target-generation system at the Chapais project.

The company's asset portfolio is organized across three jurisdictions. In the Dominican Republic, Everton controls over 300 km² of mineral rights including the Cabirma Del Cerro concession (4,045 hectares) and Jobo Claro (53 km²) adjacent to the northern and eastern edges of the Barrick/Goldcorp Pueblo Viejo mine, plus the Arroyo Carpintero copper-gold porphyry target, the Mermejal VMS discovery (65% interest), and the Maimon Formation polymetallic concessions (63.4 km²). In Quebec, Everton holds Opinaca A (247 claims, 128.7 km²) and Opinaca B (248 claims, 129.7 km²) in joint venture with Azimut Exploration, with Hecla Mining Company funding 100% of Opinaca B exploration under an option to earn 50% interest for $6 million in work expenditures; the Detour Lake and Wildcat 1 & 2 properties round out the Quebec gold portfolio. In Ontario, the Blue Sky Jackpot Lithium Property in the Thunder Bay Mining District delivers exposure to the battery-metals cycle with reported assays up to 7.08% LiO2.

Everton operates a sales-led go-to-market model directed at institutional and retail investors via the TSX-V listing, supplemented by attendance at the annual PDAC conference and an investor newsletter. The revenue model contemplates future royalty income, joint-venture payments, or sale/optioning of mineral discoveries once deposits are advanced by partners such as Hecla and Azimut; the company has not yet generated significant operating revenue. Capital is raised through private placements (approximately $2.8M CAD raised in 2014 and 2017) supplemented by partner-funded exploration programs, with management led by Chairman and CEO André Audet and CFO Lucie Letellier.

Name

Everton Resource

Legal name

Everton Resources Inc.

Website

https://evertonresources.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Everton Resources is a Canadian junior mining exploration company (TSX-V: EVR) that uses geophysical surveys and diamond drilling to explore for gold, silver, copper, and lithium across properties in the Dominican Republic, Quebec, and Ontario, serving major mining partners such as Hecla and Azimut.

Ownership category

akta.pro rank

Product category

Mining Exploration

NAICS

Metal Ore Mining (2122), Other Metal Ore Mining (21229), Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Gold And Silver Ores (1040), Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Copper Exploration & Resource Development (IMAKADAA), Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Mineral exploration services
• Gold and silver exploration
• Copper and lithium exploration
• Mining joint ventures
• Junior mining royalty

Headquarters

HQ city

Ottawa

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Mineral Exploration and Development: Pre-revenue exploration stage company. Revenue will come from discovery and sale/optioning of mineral discoveries, joint venture payments, and future production royalties if deposits are developed by partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Everton Resources is a Canadian junior mining exploration company that acquires, advances, and options mineral exploration properties targeting gold, silver, copper, zinc, nickel, and lithium. Its portfolio spans the Dominican Republic (300+ km² adjacent to Barrick/Goldcorp's Pueblo Viejo mine), Quebec (Opinaca JV with Hecla-Azimut, Detour Lake, WildCat, Chapais), and Ontario (Blue Sky Jackpot lithium). The company funds exploration through private placements and joint venture arrangements with senior producers, with the goal of discovering mineral deposits that can be sold, optioned, or developed into producing mines.

Product overview

Everton Resources is a Canadian mining exploration company with a portfolio of exploration properties focused on gold, silver, copper, zinc, nickel, and lithium. The company's primary assets include a large land position (300+ km²) in the Dominican Republic adjacent to Barrick/Goldcorp's Pueblo Viejo mine, gold exploration properties in the Opinaca region of James Bay, Quebec (partnered with Hecla Mining and Azimut Exploration), and the Blue Sky Jackpot lithium property in Ontario. Key Dominican Republic properties include Cabirma Del Cerro (Adjacent to Pueblo Viejo), Arroyo Carpintero (copper-gold porphyry), Mermejal (VMS discovery), and Maimon (polymetallic). Quebec assets include the Opinaca B joint venture with Hecla-Azimut and Detour Lake gold property. The company operates as a junior exploration company without a unified software product platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Cabirma Del Cerro (formerly Ampliacion Pueblo Viejo) 4,045-hectare gold and silver exploration concession adjacent to the northern edge of Barrick/Goldcorp's 29-million-ounce Pueblo Viejo mine in the Dominican Republic.
• Arroyo Carpintero (formerly Ponton) 100% owned copper-gold porphyry exploration concession in Monte Plata Province, Dominican Republic, with first-ever drilling in 2017 confirming anomalous copper and molybdenum over significant lengths.
• Mermejal (formerly La Cueva) Concession in the Dominican Republic where Everton holds 65% interest, featuring the Las Tres Bocas Target discovery grading 2.96 g/t Au, 104.91 g/t Ag, 2.03% Cu, and 9.41% Zn over 10.58 meters.
• Cuance and Los Hojanchos Exploration concessions within the Dominican Republic portfolio, with limited publicly available information pending further development.
• Jobo Claro 100% owned 53 km² gold and base metals exploration concession adjacent to the eastern edge of the Pueblo Viejo Mine, covering volcanic and sedimentary rocks of the Los Ranchos Formation.
• Maimon Eight polymetallic concessions totaling 63.4 km² within the Maimon Formation in the Dominican Republic, host of the Cerro de Maimon volcanogenic massive sulphide deposit.
• Loma Hueca (Ponton) 3,450-hectare exploration concession approximately 15 km south-east of Loma el Mate, featuring volcanic clastic rocks and intercalated carbonaceous units similar to the Pueblo Viejo deposit.
• Blue Sky Jackpot Lithium Property Lithium exploration property in the Thunder Bay Mining District, Ontario, approximately 150 km northeast of Thunder Bay, with assay results up to 7.08% LiO2 confirming lithium-bearing pegmatite potential.
• JV Hecla-Azimut - Opinaca (Opinaca B) Joint venture with Hecla Mining Company and Azimut Exploration covering 248 claims (129.7 km²) in the Eleonore mining camp, James Bay region, Quebec, with Hecla having the option to acquire 50% interest by incurring $6 million in exploration work.
• Opinaca A Property 247 claims (128.7 km²) jointly held with Azimut Exploration, adjacent to Goldcorp's Eleonore mine property, featuring Charles Prospect (up to 42.34 g/t Au) and Inex Prospect (up to 50.9 g/t Au).
• WildCat 1 & 2 Gold exploration properties in the Opinaca area, James Bay, Quebec, acquired in August 2016; Everton subsequently sold its 50% interest in Wildcat to Hecla Quebec Inc. in May 2017.
• Detour Lake Gold Property Gold exploration property in Quebec acquired through 136 claims, with target generation using the Diagnos CARDS System and an airborne survey that generated 31 high-priority targets.
• Chapais Project Copper-gold exploration project in the Chapais mining district, Quebec, optioned from Albert Mining where Everton may acquire up to 75% interest by spending $370,000 over three years and issuing shares.

Quantifiable outcome

• 1,666.17 metres of drilling completed at Arroyo Carpintero confirming copper-gold porphyry system with assays up to 0.82% copper and 803 ppb gold
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered minor and core.

• Albert Mining Inc.minorStrategic or Co-development Partner · 12 December 2017Albert Mining Inc. (TSXV:AIIM) optioned seven claims to Everton for copper-gold in the Chapais mining district. Everton can earn up to 75% interest by spending $370,000 in exploration over three years and granting 1.5 million shares. Albert uses its CARDS AI system to generate targets. Historical production from nearby Perry and Springer mines was 386 million pounds copper and 790,000 ounces gold.
• Barrick Gold Corporation / Goldcorp Inc.coreStrategic or Co-development Partner · 21 November 2013Everton's concessions are adjacent to the Pueblo Viejo Mine owned 60% by Barrick Gold and 40% by Goldcorp. Pueblo Viejo represents a $3.9 billion investment and contains over 20 million ounces of gold. The mine is a world-class high-sulphidation epithermal gold-silver deposit that provides geological precedent for Everton's nearby exploration targets.
• Hecla Mining CompanycoreStrategic or Co-development Partner · 16 September 2010Hecla Mining Company (NYSE:HL) is advancing Everton's interest in the Opinaca B project by funding 100% of all exploration work. Hecla has the option to acquire 50% interest by incurring $6 million in exploration work, with a second option for additional interest. Hecla invested $925,000 in 2017 for 2,500 metres of diamond drilling at Opinaca B.
• Azimut Exploration Inc.coreStrategic or Co-development Partner · 16 September 2010Azimut Exploration Inc. (TSXV:AZM) is Everton's partner on the Opinaca A and B properties in James Bay, Quebec. Azimut is manager of the Opinaca A project and has reassessed the gold potential identifying a 20-km prospective trend. Everton and Azimut jointly hold Opinaca A (247 claims, 128.7 km²) and Opinaca B (248 claims, 129.7 km²).

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Newmont Corporation: Newmont (NYSE:NEM) is the world's largest gold miner and acquired Goldcorp (Pueblo Viejo co-owner) in 2019. As the operator of the mine adjacent to Everton's Dominican Republic concessions, Newmont represents the dominant geological peer and likely acquirer profile in the region.
• IAMGOLD Corporation: IAMGOLD (TSX:IMG) is a mid-tier Canadian gold producer with extensive operations in Quebec and West Africa. Operates in the same Quebec gold camp as Everton (near the Eleonore district) and serves as a natural acquirer profile for juniors like Everton that discover material deposits.
• Barrick Gold Corporation: Barrick Gold (TSX:ABX) is the world's largest gold miner and co-owner of the Pueblo Viejo mine directly adjacent to Everton's Dominican Republic claims. As the geological benchmark and natural acquirer in the region, Barrick defines the standard Everton is attempting to replicate.
• Hecla Mining Company: Hecla Mining (NYSE:HL) is a senior North American silver and gold producer that is funding 100% of Everton's Opinaca B exploration with a $6M option. As a direct partner and major U.S.-listed precious-metals miner, Hecla represents the kind of strategic acquirer/major that validates and funds juniors like Everton.

Direct peers

• Marathon Gold Corporation: Marathon Gold (TSX:MOZ) is a Canadian junior gold exploration/development company with significant assets in Newfoundland. Similar stage, jurisdiction (Canadian-listed), commodity focus (gold), and capital structure characteristics as Everton, with comparable drill-result-driven news flow.
• Paramount Gold and Silver Corp. Paramount Gold and Silver was a junior precious-metals explorer where Everton's CFO Lucie Letellier previously served as CFO overseeing $30M in equity financing. Similar pre-production precious-metals exploration profile with American/Canadian listings, making it a structurally comparable peer.
• Majescor Resources Inc. Majescor Resources is a Canadian junior mining exploration company where Everton's CEO André Audet serves as Chairman. Operates at a similar pre-revenue exploration stage with comparable capital structure and TSX-V listing profile, making it a highly relevant structural peer.
• Azimut Exploration Inc. Azimut Exploration (TSXV:AZM) is Everton's direct joint venture partner on the Opinaca A and B properties in James Bay, Quebec. Both companies are Canadian junior explorers with Quebec gold focus and use systematic exploration approaches, making them directly comparable in stage, scale, and strategy.
• Orezone Resources Inc. Orezone Resources (TSXV:ORE) was co-founded by Everton's CEO André Audet. Canadian-listed junior gold exploration company with a similar pre-development profile, comparable capital structure, and shared management DNA.
• Adventure Gold Inc. Adventure Gold is a Quebec-focused gold exploration company chaired by Everton's CEO André Audet. Same management nexus, same TSX-V junior explorer profile, same Quebec gold exploration thesis — directly comparable business model and asset base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/EVRresources
• Facebookfacebook.com/125725890840277
• LinkedInlinkedin.com/company/877470

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Everton Resource