What OVI Mining does

OVI Mining Corp. is a Canadian mineral exploration company focused on district-scale gold properties in Quebec's Eeyou Istchee James Bay region. The portfolio comprises the Corvet Est, PLEX, and La Grande Project claim blocks, with the La Grande Project held under an option agreement with Lux Metals Corp. The properties are positioned near existing producing and developing gold and lithium assets, including the Eleonore mine and the Corvette lithium trend, which is intended to support prospecting, drilling, and resource definition work. The asset base was assembled and funded via a $1,710,072 financing closed on October 20, 2025, with strategic backing from Osisko Development Corp.

In November 2025 the company rebranded from La Pulga Mining Corp. to OVI Mining Corp. as part of a corporate restructuring aimed at preparing for broader capital markets activity. On February 27, 2026, OVI Mining was acquired by Sirios Resources and became a wholly-owned subsidiary, with Jean-Félix Lepage installed as CEO, Dominique Doucet moving to Executive Chairman, and Sean Roosen and Laurence Farmer joining the board. The combined entity targets a TSX Venture Exchange listing and continued drill programs across the James Bay gold portfolio.

OVI has not generated operating revenue; the business model is conventional junior mining economics in which value is created through claim acquisition, drilling, resource delineation, and eventual asset sale, joint venture, or production-stage development. The company employed 1-10 people prior to the Sirios transaction, with offices in Vancouver, British Columbia and Saint-Bruno-de-Montarville, Quebec.

Name

OVI Mining

Legal name

OVI Mining Corp.

Website

https://ovimining.com

Company type

Private

Founded year

2025

Operating status

Acquired

Headcount range

1–10 employees

Short description

OVI Mining Corp. is a pre-revenue Canadian junior gold explorer focused on district-scale claim holdings in Quebec's Eeyou Istchee James Bay region, including Corvet Est, PLEX, and the La Grande Project, and is now a wholly-owned subsidiary of Sirios Resources.

Ownership category

akta.pro rank

Product category

Gold Mineral Exploration

NAICS

Other Metal Ore Mining (21229), Support Activities for Mining (213)

SIC

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

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

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

Keywords

• Gold exploration
• Mineral property acquisition
• Junior mining
• Gold project development
• Exploration stage 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, Marketing or Sales, Others

Revenue model

1. Pre-Revenue Exploration Stage: OVI Mining is an exploration stage company with no current revenue generation. The company's value is derived from its mineral property assets and exploration potential in Quebec's James Bay region. As a wholly-owned subsidiary of Sirios Resources following the February 2026 acquisition, future revenue would come from development and eventual production from gold assets.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels2 records

Core offering

OVI Mining Corp. is an exploration stage company engaged principally in the acquisition, exploration, and development of gold mineral properties in Quebec's Eeyou Istchee James Bay region. The company held and developed gold exploration assets including the Corvet Est, PLEX, and La Grande projects, targeting drill-ready prospects to discover significant gold deposits. The company was acquired by Sirios Resources Inc. in February 2026 and became a wholly-owned subsidiary.

Product overview

OVI Mining Corp. (formerly La Pulga Mining Corp.) was a gold exploration company focused on mineral property acquisition, exploration, and development in North America, particularly in Quebec's James Bay region. The company held several exploration projects including Corvet Est and PLEX, which were targeted for drilling programs by 2026. OVI Mining was acquired by Sirios Resources Inc. in February 2026 through a court-approved plan of arrangement, becoming a wholly-owned subsidiary of Sirios Resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Corvet Est Project Gold exploration project located in Quebec's Eeyou Istchee James Bay region, targeted for drilling programs by 2026 based on extensive historical geological data and intended for investors, mining partners, and joint venture collaborators.
• PLEX Project Gold exploration project in Quebec's James Bay region, planned for drilling initiation by 2026 as part of OVI Mining's strategic goal to discover significant gold deposits; aimed at mining industry partners and investors.
• La Grande Project High-grade gold project in Quebec's James Bay region, previously held by OVI Mining and optioned to Lux Metals Corp., which exercised its option to acquire 100% interest in February 2026 in exchange for equity consideration.

Quantifiable outcome

• Acquisition by Sirios Resources completed February 27, 2026, valued through share exchange of 2.34 Sirios shares per OVI share

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Lux Metals CorpcoreStrategic or Co-development Partner · 6 February 2026OVI Mining held a 19.9% equity stake in Lux Metals Corp. following Lux exercising its option to acquire 100% interest in the La Grande Project under an option agreement entered on November 10, 2025. As consideration, Lux issued 15,125,477 common shares to OVI Mining. OVI stated it may acquire or dispose of additional securities of Lux depending on market conditions and business prospects.
• Lux Metals CorpcoreStrategic or Co-development Partner · 6 February 2026OVI Mining transferred its La Grande Project (a high-grade gold project in Quebec's James Bay region) to Lux Metals Corp. in exchange for equity consideration. Lux Metals closed the acquisition and completed a $4 million private placement to fund further development of the project.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Troilus Gold Corp. Troilus Gold is a Quebec-focused gold exploration and development company with its flagship Troilus Gold project in the James Bay region. Directly comparable as a junior gold explorer/developer targeting the same Eeyou Istchee James Bay jurisdiction.
• Osisko Development Corp. Osisko Development is a North American gold developer and was a key strategic backer of OVI Mining, providing leadership involvement. Highly comparable as a Quebec-focused precious metals developer with backing from the broader Osisko ecosystem.
• Probe Metals Inc. Probe Metals is a Quebec-focused gold exploration company with multiple projects in the James Bay region, including the Val-d'Or East project. Directly comparable as a junior gold explorer operating in the same Quebec jurisdiction with a district-scale approach.
• Lux Metals Corp. Lux Metals Corp. is a Quebec-focused gold exploration company that exercised its option to acquire 100% of OVI's La Grande Project in February 2026, issuing shares to OVI. Comparable as a peer junior gold explorer and JV counterparty operating in the same James Bay region.
• Eastmain Resources: Eastmain Resources held gold exploration projects in the James Bay/Eeyou Istchee region of Quebec and was acquired by Newmont. Comparable as a peer junior gold explorer in the same Quebec jurisdiction that ultimately was acquired, illustrating the M&A pathway.
• Bonterra Resources Inc. Bonterra Resources is a Quebec-focused gold exploration company with projects in the James Bay region. Comparable as a junior gold explorer targeting similar geology and historically pursuing strategic partnerships for project advancement.
• Sirios Resources Inc. Sirios Resources is OVI Mining's parent company post-acquisition. It is a Quebec-focused gold exploration company with the 100%-owned Cheechoo Gold Property and Aquilon Gold Property in the same Eeyou Istchee James Bay region. Most directly comparable as the consolidated platform now encompassing OVI's assets.

Broad incumbents

• Newmont Corporation: Newmont is the world's largest gold mining company and acquired Eastmain Resources in Quebec. Comparable as a broad incumbent with strategic interest in Quebec gold exploration projects, representing potential acquirer of advanced-stage assets.
• IAMGOLD Corporation: IAMGOLD is a senior Canadian gold producer with significant operations in the James Bay region of Quebec, including the Côté Lake mine. Comparable as a broader incumbent in the same Quebec gold jurisdiction, providing strategic optionality as a potential acquirer or JV partner for juniors like OVI/Sirios.
• Osisko Gold Royalties: Osisko Gold Royalties is a larger player in the broader Osisko ecosystem and Quebec gold sector. Comparable as an institutional Quebec-focused precious metals platform with significant exposure to exploration and development upside, though operating as a royalty model rather than direct exploration.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments1 record

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

Frequently asked questions about OVI Mining