What Regulus Resources does

Regulus Resources Inc. is a Canadian mineral exploration company headquartered in Vancouver, British Columbia, with an operating subsidiary (Regulus Resources Peru SAC) in Lima, Peru. Founded in December 2010 by the former management team of Antares Minerals Inc. following the approximately C$650 million sale of Antares' Haquira deposit to First Quantum Minerals, the company is publicly listed on the TSX Venture Exchange (TSX.V: REG) and on OTCQX (RGLSF). Regulus's sole material asset is the AntaKori copper-gold-silver project in Cajamarca, northern Peru, where it has defined indicated mineral resources of 250 million tonnes at 0.48% Cu, 0.29 g/t Au and 7.5 g/t Ag, plus inferred resources of 267 million tonnes at 0.41% Cu, 0.26 g/t Au and 7.8 g/t Ag (NI 43-101, March 2019 estimate).

The company's business is asset development rather than product commercialization. Regulus generates no revenue and is funded through periodic equity issuances and strategic-partner capital — including a US$15 million investment from Nuton LLC (a Rio Tinto venture) that closed in January 2023 and gave Nuton a ~16.5% stake, alongside a US$10M cumulative position held by Osisko Gold Royalties and a ~21.81% position held by Route One Investment. The technical differentiation at AntaKori rests on a multi-phase metallurgical collaboration with Nuton evaluating proprietary sulphide bio-leaching on the project's enargite-rich and porphyry-hosted chalcopyrite mineralization, with reported copper extractions of up to 88.3% on enargite-rich material. Regulus has also consolidated 100% of the Colquirrumi claims (October 2024), holds an earn-in option on Gold Fields ground east of the adjacent Tantahuatay mine, and in July 2023 formalized a collaboration with Coimolache (operator of the Tantahuatay oxide gold mine) on an Integrated Sulphide Project combining Coimolache Sulphides and AntaKori, with SRK Peru developing the integrated resource estimate. The asset remains open in multiple directions and is being advanced through phased drilling rather than through commercial production.

Name

Regulus Resources

Legal name

Regulus Resources Inc.

Website

https://regulusresources.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Regulus Resources Inc. is a Canadian mineral exploration company advancing the AntaKori copper-gold-silver project in northern Peru, with strategic backing from Rio Tinto's Nuton venture and Osisko Gold Royalties.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Support Activities for Mining (2131), Support Activities for Metal Mining (213114)

SIC

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

akta.pro primary industry

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

akta.pro secondary industry

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

Keywords

• Mineral exploration
• Copper-gold mining
• Resource development
• Drilling programs
• Mining exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Marketing channels5 records

Core offering

Regulus Resources Inc. is a Canadian mineral exploration company focused on exploring and developing the AntaKori copper-gold-silver project in northern Peru. The company conducts diamond drilling programs, resource estimation work, and metallurgical testing (including evaluation of Nuton bio-leaching technologies) to advance the project toward a potential tier-one copper-gold operation. Regulus currently has no commercial production or revenue and remains in the exploration and development stage.

Product overview

Regulus Resources Inc. is a Canadian mineral exploration company focused on the AntaKori copper-gold-silver project in northern Peru. The company does not offer a unified software product platform but rather operates as a project-based exploration company. The primary offering is the AntaKori Project, a mineral exploration property where the company conducts drilling programs, metallurgical testing (including Nuton bio-leaching technology evaluation), and resource expansion activities in collaboration with partners such as Compañía Minera Coimolache S.A. and Colquirrumi.

Differentiator

Problem solved

Functional benefit

Products and services

• AntaKori Copper-Gold-Silver Project The principal exploration project held by Regulus Resources, a copper-gold-silver mineral resource project located in northern Peru (Cajamarca region). The project hosts indicated mineral resources of 250 million tonnes grading 0.48% Cu, 0.29 g/t Au and 7.5 g/t Ag, and inferred mineral resources of 267 million tonnes grading 0.41% Cu, 0.26 g/t Au, and 7.8 g/t Ag. Mineralization remains open in most directions with multiple processing options being evaluated, including conventional flotation and Nuton bio-leaching.

Quantifiable outcome

• Indicated mineral resources of 250 million tonnes grading 0.48% Cu, 0.29 g/t Au, 7.5 g/t Ag; inferred resources of 267 million tonnes grading 0.41% Cu, 0.26 g/t Au, 7.8 g/t Ag

Segments1 record

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

Six partnerships are on record, tiered minor and core.

• ICP Securities Inc.minorOthers · 5 November 2024Engagement of ICP Securities Inc. for automated market making services, including use of its proprietary algorithm ICP Premium. Monthly fee of C$7,500. Initial term of 4 months starting November 6, 2024, with automatic renewal.
• Compañía Minera Coimolache S.A.coreStrategic or Co-development Partner · 29 July 2024Collaboration agreement signed July 2024 to evaluate the integrated Coimolache Sulphides/AntaKori copper-gold project. SRK Peru developing integrated resource estimate for the combined project.
• SRK PerucoreOthers · 29 July 2024SRK Peru was hired by Regulus and Coimolache to develop the integrated resource estimate for the Coimolache Sulphides/AntaKori Integrated Sulphide Project.
• Compañía Minera Coimolache S.A.coreStrategic or Co-development Partner · 6 July 2023Collaboration with Coimolache, operator of the adjacent Tantahuatay oxide gold mine, to advance the Integrated Sulphide Project combining Coimolache Sulphides and AntaKori. Parties hired SRK Peru to develop integrated resource estimate. Coimolache is a joint venture partner and provides operational adjacency and collaboration framework.
• Gold Fields Ltd.minorStrategic or Co-development Partner · 16 February 2021Option agreement with Gold Fields to consolidate land position for the AntaKori project. Regulus can earn up to 60% interest in claims located immediately east of the Tantahuatay Mine through exploration expenditures. Regulus has completed ground geochemical sampling and ground magnetics geophysical survey on these claims.
• ColquirrumicoreStrategic or Co-development Partner · 24 January 2017Definitive agreement completed for Colquirrumi claims. Regulus earned up to 70% interest through exploration. In February 2023, Regulus acquired 70% interest in Colquirrumi claims. In October 2024, Regulus consolidated 100% ownership of Colquirrumi claims.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Marimaca Copper: Canadian-listed copper developer with the Marimaca oxide copper project in northern Chile. Comparable as a junior copper explorer with a single flagship project in South America progressing toward development-stage milestones.
• Los Andes Copper: Canadian-listed copper exploration company advancing the Vizcachitas Cu-Mo porphyry project in Chile. Comparable in scale (large Cu-Mo resource), single-asset model, and Latin American copper focus.
• Solaris Resources: Canadian-listed copper-gold exploration company with a flagship porphyry project (Warintza) in Ecuador. Comparable in stage, capital intensity, and focus on large-scale Cu-Au porphyry deposits, though in a different South American jurisdiction.
• Aldebaran Resources: Junior Canadian mineral exploration company that was spun out of Regulus in October 2018 to hold the Argentina (Rio Grande, Aguas Calientes) assets. Operates the same management playbook (project-based exploration, NI 43-101 resources) and shares founding management lineage, making it the most directly comparable peer.

Broad incumbents

• Southern Copper: One of the world's largest copper producers with major Peruvian operations (Cuajone, Toquepala). Comparable as a Peru-anchored copper-focused major, though at vastly larger scale.
• Hudbay Minerals: Mid-tier Canadian copper-gold producer with operating mines in Peru (Constancia) and elsewhere. Comparable for its Peru copper-gold exposure and resource-stage experience, though at production scale versus Regulus' pre-development stage.
• First Quantum Minerals: Major copper producer with significant Peru operations (formerly Haquira acquirer from Antares). Comparable as the precedent counterparty for Regulus' management team and as a major operator of Cu-Au porphyry projects in Peru.
• Anglo American: Major diversified miner with the Quellaveco copper project in Peru. Comparable as a major mining company operating large Cu-Mo porphyry projects in Peru and a logical counterparty for Regulus' project-level strategic engagement.
• Newmont: World's largest gold producer with the Yanacocha/Conga operations in Cajamarca, Peru — directly adjacent to Regulus' AntaKori project. Comparable for the same Peruvian mining jurisdiction, geological setting, and community-relations dynamics Regulus will face.

Regional players

• Atalaya Mining: European-listed copper producer with the Riotinto copper project in Spain. Comparable as a mid-tier single-asset copper operator transitioning from exploration to production, though in a different geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCu8eKFH-H6vJkEXH-8Y5O5Q
• LinkedInlinkedin.com/company/regulus-resources-inc-reg-

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors1 record

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 Regulus Resources