What Yorbeau Resources does

Yorbeau Resources Inc. is a Canadian public mineral exploration company (TSX: YRB) headquartered in Montreal, Quebec, that acquires, explores, and develops gold and base-metal properties in northwestern Quebec's Abitibi Greenstone Belt. The company was significantly shaped in 1997 when Georges Bodnar Jr. became a major shareholder through Yorbeau's acquisition of the Augmitto and Cinderella properties from his wholly owned Société Minière Alta; the current corporate entity was formally established by Certificate of Amalgamation effective January 1, 2018. Yorbeau's flagship asset is the Scott Lake zinc-copper project in the Chibougamau mining camp, which carries an NI 43-101 compliant Preliminary Economic Assessment projecting indicated resources of 3.557M tonnes at 0.95% Cu and 4.17% Zn, inferred resources of 14.281M tonnes, a 15-year mine life, $146M pre-tax NPV at 8% discount, a 16.6% pre-tax IRR, and approximately $2B lifetime net revenues. The portfolio also includes the Beschefer (100% owned since May 2024, adjacent to SOQUEM's B-26 deposit), Selbaie West, Caribou, Lemoine, KB, Landrienne, Allard, and Gemini-Turgeon properties, all targeting volcanogenic massive sulphide (VMS) and gold systems.

The underlying technology is conventional mineral exploration rather than software: Yorbeau employs volcanogenic massive sulphide (VMS) exploration expertise using deep-penetrating electromagnetic (VTEM) surveys, diamond drilling campaigns, and geological modeling to delineate mineralization along proven horizons in the Abitibi Belt. The Scott project hosts multiple massive sulphide lenses (800 Lens, CFO Lens, 34 Zinc zone, SC-30 Lens, Gap Lens) whose favorable geometry supports low-cost long-hole mining methods at projected operating costs of $89/tonne.

Yorbeau is pre-revenue and does not produce minerals; capital is generated through non-brokered private placements (12 disclosed rounds totaling approximately $12.4M since 2014), JV option agreements, and non-core asset divestitures such as the December 2024 sale of the Rouyn Property to Australian investor Lac Gold. Existing JV counterparties include First Quantum Minerals (Estrades, Caribou, Lemoine), IAMGOLD (Gemini-Turgeon, Caribou royalty), SOQUEM (adjacent B-26 operator), Teck Resources (2% royalty), Vale/CVRD, and Cancor. The go-to-market motion is therefore sales-led direct engagement with major mining companies for joint ventures, option deals, and property sales, with news distributed via SEDAR+, the corporate website, and direct investor-relations outreach by G. Bodnar Jr.

Name

Yorbeau Resources

Legal name

Yorbeau Resources Inc.

Website

https://yorbeauresources.com

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

Yorbeau Resources is a Canadian public mineral exploration company (TSX: YRB) that acquires and develops gold and base-metal properties in Quebec's Abitibi Greenstone Belt, with the Scott Lake zinc-copper project as its flagship PEA-stage asset. The pre-revenue company funds operations through equity financings and joint-venture or property-sale transactions with major mining partners.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Support Activities for Nonmetallic Minerals (except Fuels) Mining (213115), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

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

Keywords

• Mineral exploration services
• Base metals exploration
• Gold exploration projects
• Zinc copper deposits
• Abitibi mining properties

Headquarters

HQ city

Hampstead

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Others

Revenue model

1. Mineral Exploration (Pre-Revenue): Yorbeau is a pre-revenue mineral exploration company. Revenue is generated through equity financings, property option/joint venture agreements, and property sales. The company does not currently produce minerals.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Yorbeau Resources is a Canadian junior mineral exploration company that acquires, explores, and develops gold and base metal mining properties in northwestern Quebec's Abitibi Greenstone Belt. The company holds a portfolio of exploration-stage and resource-stage projects targeting volcanogenic massive sulphide (VMS) and gold deposits, with its flagship Scott Lake zinc-copper project having a positive Preliminary Economic Assessment. Yorbeau is pre-revenue and generates capital through equity financings, joint-venture partnerships, option agreements, and property sales to major mining companies.

Product overview

Yorbeau Resources is a Canadian mining exploration company (TSX: YRB) focused on gold and base metal exploration in northwestern Quebec's Abitibi Greenstone Belt. The company's portfolio consists of exploration projects at various stages, with the Scott Lake zinc-copper deposit being the most advanced project featuring a positive Preliminary Economic Assessment. The project pipeline includes the Beschefer property (adjacent to SOQUEM's B-26 deposit), Selbaie West, Lemoine, KB, Caribou, Landrienne, and Gemini-Turgeon properties, all targeting volcanogenic massive sulphide (VMS) and gold deposits.

Differentiator

Problem solved

Functional benefit

Products and services

• Scott Lake Zinc-Copper Project Flagship project featuring an NI 43-101 compliant Preliminary Economic Assessment with indicated resources of 3,557,000 tonnes at 0.95% Cu, 4.17% Zn and inferred resources of 14,281,000 tonnes at 0.78% Cu, 3.19% Zn. PEA projects 15-year mine life, pre-tax NPV of $146 million at 8% discount rate, 16.6% IRR, and $2 billion net revenues. Multi-lens VMS system with favorable geometry for low-cost long hole mining methods.
• Beschefer Property A 4,075-hectare property comprising 128 claims located immediately east of SOQUEM's B-26 deposit in the Detour Trend area. Yorbeau consolidated 100% ownership in May 2024. Features potential for polymetallic copper-zinc deposits and gold deposits along the B-26 mineralized horizon.
• Selbaie West Property Exploration property located 8 km west of BHP Billiton's past-producing Selbaie mine, covering 12 km of favorable stratigraphy. Adjacent to SOQUEM's B-26 horizon in the active Detour Trend exploration area of Quebec.
• Lemoine Property Exploration property located 25 km south of Chibougamau, Quebec, enclosing the former producing Lemoine Mine. Features a 17 km segment of favorable Waconichi Formation horizon hosting the historic deposit. First Quantum holds approximately 20% JV interest after dilution.
• KB Property Exploration property located 35 km east of Chibougamau covering 16.7 km². Highly prospective for zinc and copper with VMS-style mineralization, subject to an option agreement for 100% interest acquisition requiring $200,000 in cumulative cash payments and $750,000 in exploration expenditures over three years, with a 1% NSR royalty retained by vendor.
• Caribou Property High-grade massive sulphide discovery located 3.4 km west of the Estrades deposit along the same stratigraphic horizon. Drilled to approximately 700 metres vertical depth with grades of 2.8% Cu, 6.9% Zn, 1.1 g/t Au, and 53 g/t Ag over 1.8 metres. First Quantum holds JV interest that has been reduced to 35% due to non-participation.
• Landrienne Property 62-claim property southeast of Amos in the Abitibi Greenstone Belt featuring an 8 km long alteration zone with hydrothermal system associated with Cu-Zn mineralization similar to the Kidd Creek VMS deposit.
• Gemini-Turgeon Property Combined property of 463 claims (6,384 hectares) located 80 km north of La Sarre in Abitibi, Quebec. Joint venture with IAMGOLD as operator (50% IAMGOLD, 50% Yorbeau on Turgeon claims), featuring mafic and felsic volcanic rocks of the Gemini Group with a 2% royalty held by Teck Resources.

Quantifiable outcome

• 16.6% IRR with 6-year payback and $146M NPV at 8% discount rate
• +3 more outcomes

Segments3 records

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

Eight partnerships are on record, tiered core and minor.

• Explorers Alliance CorporationcoreStrategic or Co-development Partner · 28 May 2024Yorbeau completed acquisition from Explorers Alliance Corporation of the remaining 20% undivided interest in 65 claims comprising the Beschefer property, achieving 100% ownership of all 128 claims. Previously, Yorbeau owned 80% and Explorers Alliance held 20% subject to a 1% NSR royalty.
• SOQUEMcoreStrategic or Co-development PartnerSOQUEM (a Quebec government mining exploration company) is actively exploring the adjacent B-26 deposit which is immediately west of Yorbeau's Beschefer property. Both properties are along the same B-26 mineralized horizon. SOQUEM recently completed a major definition drilling program at B-26.
• First Quantum Minerals Ltd. (formerly Inmet)minorStrategic or Co-development PartnerFirst Quantum holds joint venture interests in the Estrades project and Caribou claim block. First Quantum's interest has been reduced to 35% (from original 65%) due to non-participation in exploration programs. Yorbeau continues to fund exploration independently, leading to further dilution of First Quantum's position. First Quantum also holds JV interest in Lemoine (~20% after dilution).
• IAMGOLD CorporationminorStrategic or Co-development PartnerIAMGOLD holds royalty interest on portion of Caribou block under agreement where IMG retains royalty. IAMGOLD is also operator of Gemini-Turgeon joint venture (50% IAMGOLD, 50% Yorbeau on Turgeon claims, with 2% royalty to Teck Resources).
• Private Optionor (KB Property)minorStrategic or Co-development PartnerKB property option agreement with private company: total cumulative cash payments of $200,000 and exploration expenditures of $750,000 over three years. Initial $30,000 paid upon signing plus first $150,000 in exploration expenditures. Vendor retains 1% NSR royalty, buyable for $1.5 million.
• CancorminorStrategic or Co-development PartnerCancor holds 37.5% interest in Gemini claims as part of the Gemini-Turgeon joint venture (37.5% Cancor, 37.5% IAMGOLD, 25% CVRD).
• CVRD (Vale)minorStrategic or Co-development PartnerCVRD (now Vale) holds 25% interest in Gemini claims as part of the Gemini-Turgeon joint venture.
• Teck ResourcesminorStrategic or Co-development PartnerTeck Resources holds 2% royalty on Turgeon claims (50% Yorbeau, 50% IAMGOLD) as part of the Gemini-Turgeon property arrangement.

Scale indicators10 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Cartier Resources: Quebec-based junior gold and base-metals explorer active in the Abitibi Greenstone Belt, directly comparable in size, stage (pre-revenue exploration), and jurisdiction to Yorbeau Resources.
• Granada Gold Mine: Junior Quebec gold explorer working in the Abitibi Greenstone Belt. Highly comparable as a small pre-revenue TSX-V listed single-asset-style explorer with similar GTM of asset advancement to PEA level.
• Benz Mining: Junior explorer focused on base-metal and gold projects in Quebec, including former Sphinx Resources VMS-style assets in the Abitibi. Highly comparable operating profile to Yorbeau including multiple properties and reliance on JV/asset-sale optionality.
• Wallbridge Mining: Quebec-focused gold/base-metals explorer with advanced-stage Abitibi projects. Comparable as a TSX-listed junior operating in the same mining camp with comparable asset mix and target minerals.
• Dios Exploration: Quebec-focused junior explorer targeting gold and base metals in the Abitibi Greenstone Belt. Comparable in exploration scope, multiple property strategy, and pre-revenue funding model.
• Amex Exploration: Quebec-based junior explorer focused on gold in the Abitibi region. Comparable in stage, market cap, and exploration strategy of drilling high-grade targets in established Canadian mining camps.

Broad incumbents

• IAMGOLD Corporation: Major Quebec gold producer that operates Yorbeau's Gemini-Turgeon joint venture. Highly relevant as a same-jurisdiction incumbent and direct counterparty in Yorbeau's current partnership structures.
• First Quantum Minerals: Major base-metals miner with JV interest in Yorbeau's Estrades and Caribou properties. Relevant as a direct JV partner in the Abitibi and a logical candidate for future take-out/earn-in on Scott Lake.
• SOQUEM: Quebec government-backed exploration company actively exploring the B-26 deposit adjacent to Yorbeau's Beschefer property. Directly comparable as a same-region base-metals explorer and active JV counterpart.

Emerging players

• NioCorp Developments: Pre-revenue critical-minerals developer focused on niobium/scandium/titanium. Comparable as a small-cap public developer working to advance a single multi-metal project through studies and financing, but does not overlap in jurisdiction or specific metals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/yorbeau

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds12 records

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 Yorbeau Resources