TomaGold Corporation

What TomaGold Corporation does

TomaGold Corporation is a Canadian junior mineral exploration company headquartered in Montreal, Quebec and publicly listed on the TSX Venture Exchange under ticker LOT (and on OTC Pink as TOGOF). The company is pre-revenue and focused on the discovery and delineation of gold, zinc, and silver deposits in the Chibougamau Mining Camp of Quebec, with secondary interest in Ontario. Its core asset is the Berrigan Mine project, held under an option agreement with Chibougamau Independent Mines, where Phase 1 drilling returned high-grade intercepts including 5.08% ZnEq over 98.5 meters and 24.85% ZnEq over 2.1 meters. The company has expanded its land position to 5,000+ hectares across the camp through additional option agreements with Globex Mining Enterprises and SOQUEM.

The company's technology stack relies on conventional mineral exploration methods, specifically diamond drilling combined with geophysical survey techniques including Audio-Frequency Magnetotelluric (AMT) surveys, UTEM surface surveys, and borehole electromagnetic surveys. These tools are used to map subsurface resistivity contrasts and identify conductive corridors associated with polymetallic mineralization at depths of up to approximately 2 km. Exploration programs are executed through third-party contractors, notably Géophysique TMC for the AMT survey. Active programs as of mid-2026 include a 1,500-metre Phase 2 extension drill program at Berrigan and a district-wide prospecting and geophysical campaign across all optioned properties.

TomaGold's business model is that of a pre-production explorer: it does not generate operating revenue and instead funds exploration through repeated non-brokered private placements, combining flow-through units (which raise funds earmarked for Canadian exploration expenses qualifying as critical mineral mining expenditures) with hard cash units for general working capital. From late 2025 through May 2026 the company raised over CAD 2.4 million across multiple tranches, including strategic investments from Quebec resource funds SIDEX and NQIM. The go-to-market is sales-led in the sense that the company pursues institutional and strategic investors to keep drilling funded; the implicit exit path is eventual sale, joint venture, or production of a defined mineral resource, with potential acquirers consisting of mid-tier and major mining companies operating in Quebec.

Name

TomaGold Corporation

Legal name

TomaGold Corporation

Website

https://tomagoldcorp.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

TomaGold Corporation is a pre-revenue Canadian junior mineral exploration company focused on discovering and delineating gold, zinc, and silver deposits in Quebec's Chibougamau Mining Camp, using diamond drilling and geophysical surveys (AMT, UTEM, borehole EM) funded by repeated non-brokered private placements.

Ownership category

akta.pro rank

Product category

Mineral Exploration Services

NAICS

Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000)

akta.pro primary industry

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

akta.pro secondary industry

Mine Surveying & Geospatial Services (Survey, Drone/LiDAR, GIS, Grade Control) (IMAKAKAK)

Keywords

• Mineral exploration
• Gold exploration
• Zinc exploration
• Diamond drilling
• Geophysical surveys

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Others

Revenue model

1. Mineral Exploration and Development: Pre-revenue exploration stage company focused on discovering and developing mineral resources. Revenue potential would come from selling discovered mineral deposits to larger mining companies, joint ventures, or future production. Currently not generating operational revenue.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TomaGold Corporation is a junior mineral exploration company that conducts systematic exploration for gold, zinc, and silver deposits in Quebec and Ontario, Canada. Its primary asset is the Berrigan Mine project in the Chibougamau Mining Camp, operated under an option agreement with Chibougamau Independent Mines. The company executes diamond drilling programs, AMT geophysical surveys, UTEM surface surveys, and borehole electromagnetic surveys to identify and evaluate deep mineralized zones, currently advancing Phase 2 drilling at the Berrigan Deep zone.

Product overview

TomaGold Corporation is a mineral exploration company focused on gold, zinc, and silver projects in Québec and Ontario, Canada. The company's primary asset is the Berrigan Mine project in the Chibougamau Mining Camp, which operates under option agreements with Chibougamau Independent Mines. TomaGold conducts systematic exploration programs including diamond drilling, AMT geophysical surveys, UTEM surface surveys, and borehole electromagnetic surveys to identify and evaluate deep mineralized zones. The company is currently advancing Phase 2 drilling at the Berrigan Deep zone and has launched a comprehensive prospecting and geophysical survey campaign across its consolidated property portfolio. TomaGold trades on the TSXV under ticker LOT and on the OTC Pink under TOGOF.

Differentiator

Problem solved

Functional benefit

Products and services

• Berrigan Mine Project A zinc, gold, and silver exploration project located in the Chibougamau Mining Camp of Quebec, operated by TomaGold under an option agreement with Chibougamau Independent Mines. Includes the Berrigan Deep zone, which has demonstrated significant mineralized intersections including 5.08% ZnEq over 98.5 meters and 24.85% ZnEq over 2.1 meters.
• Chibougamau Property Portfolio Consolidated property portfolio in the Chibougamau Mining Camp covering 5,000+ hectares of optioned properties acquired from Chibougamau Independent Mines, Globex Mining Enterprises, and SOQUEM, including historical mineralized showings along main mineralized structures targeted for drilling at depths of up to 2 km.

Quantifiable outcome

• 5.08% ZnEq over 98.5 meters from Phase 1 drilling
• +1 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Globex Mining EnterprisescoreStrategic or Co-development Partner · 28 May 2026Option agreement holder for properties included in the large-scale ground prospecting and geophysical survey campaign across Chibougamau properties. TomaGold is conducting exploration activities on these optioned properties.
• SOQUEMcoreStrategic or Co-development Partner · 28 May 2026Option agreement holder for properties included in the large-scale ground prospecting and geophysical survey campaign across Chibougamau properties. TomaGold is conducting exploration activities on these optioned properties.
• Chibougamau Independent MinescoreStrategic or Co-development Partner · 31 March 2026Option agreement holder for the Berrigan zinc, gold, and silver property in Quebec. TomaGold is conducting Phase 2 drilling to extend earlier drill holes and explore the newly discovered deep mineralized zone. Previous results include 5.08% ZnEq over 98.5 meters.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• SOQUEM: Quebec government mining vehicle that generates and options out early-stage exploration projects in Quebec, including to TomaGold. Highly comparable Quebec-focused exploration model.
• Kenorland Minerals: Canadian junior focused on generative exploration and joint-venture partnerships, often using systematic geophysics. Highly comparable business model of advancing early-stage projects toward earn-in transactions.
• Maple Gold Mines: Quebec gold-focused junior explorer advancing the Douay project in the Abitibi. Comparable junior scale, jurisdiction, and gold-focused exploration strategy.
• Globex Mining Enterprises: Quebec-focused junior with a large royalty/option property portfolio, including optioned lands now being explored by TomaGold. Similar business model of advancing early-stage projects via earn-ins and disposals.
• Quebec Precious Metals Corporation: Quebec-focused gold and base-metals junior explorer with assets in the James Bay/Eeyou Istchee region. Comparable junior exploration profile targeting similar Au/Ag polymetallic mineralization in Quebec.
• Chibougamau Independent Mines: Quebec junior explorer operating in the same Chibougamau Mining Camp and the counterparty optionor on TomaGold's flagship Berrigan property. Directly comparable exploration-stage base/precious metal model.
• Ophir Gold Corp: Small Canadian junior with Quebec gold/lithium exploration assets. Comparable size, exploration-stage profile, and reliance on private placement financing.
• Abitibi Metals Corp: Quebec-focused base/precious metals junior explorer (B26 copper-gold project). Directly comparable exploration-stage, Quebec-centric polymetallic junior.

Broad incumbents

• Endeavour Mining: Senior gold producer with West African focus but broader gold-sector M&A activity; representative of the tier of acquirers that ultimately absorbs successful junior discoveries like TomaGold's targets.
• Dundee Precious Metals: Established mid-tier gold/copper producer that could plausibly act as a take-out counterparty for TomaGold's Berrigan-style polymetallic assets. Same commodity mix but production-stage.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors2 records

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 TomaGold Corporation