Total Metals
Total Metals Corp is a Canadian junior mining exploration company focused on acquiring and advancing copper, zinc, gold, and silver properties in Northwestern Ontario's Red Lake district, building a NI 43-101 compliant portfolio for future sale, joint venture, or development by larger mining companies.
- Company typePublic
- Founded2025
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Total Metals does
Total Metals Corp is a Canadian junior mining exploration company headquartered in Toronto and publicly listed on the TSX Venture Exchange (TSXV: TT), OTCQB (TTTMF), and the Frankfurt Stock Exchange (FSE: O4N). The company is focused on acquiring, exploring, and advancing gold and critical mineral (copper, zinc, silver) properties in Northwestern Ontario, with its primary footprint in the Red Lake mining district and adjacent Kenora Mining Division. As of mid-2026 the portfolio comprises the Electrolode Project (over 3,000 contiguous hectares hosting 10 historic mineralized zones and a NI 43-101 compliant 2.11 Mt inferred resource at the Arrow Zone averaging 0.66% Cu, 4.74% Zn, 17.92 g/t Ag, and 0.66 g/t Au), the Pick Lake Critical Minerals Property (5,260 hectares with 1.78 Mt indicated at 19.2% Zn, acquired in April 2026 from Frontier Energy Limited for CAD$2.2 million), the High Lake and West Hawk Lake gold properties (958 hectares along the Manitoba/Ontario border), and the Menary Gold Project (276.5 hectares acquired in March 2026 with grab samples up to 8,120 g/t Au).
The company employs modern mineral exploration techniques including VTEM (Versatile Time Domain Electromagnetic) airborne surveys, 3D Maxwell plate modeling for conductor analysis, drone-based high-resolution magnetic surveys at 25-metre flight line spacing, 3D inversion modeling, geological mapping, and soil geochemistry, with systematic target ranking aimed at VMS (Volcanogenic Massive Sulphide) deposits and Archean lode gold systems. Exploration is executed via contracted service providers including Platinum Diamond Drilling Inc., Bayside Geoscience Inc., and Rosor Exploration, and overseen by a technical team with deep Red Lake district pedigree, including personnel who contributed to the Goldcorp Red Lake Mine High-Grade Zone discovery.
Total Metals is pre-revenue and generates no operating cash flow; its business model relies on equity financings and flow-through share offerings to fund exploration programs, with the intended end-state being the sale, joint venture, or development of mineral assets by or with larger mining companies. The customer base at present consists of capital markets investors rather than product buyers, and the company markets itself primarily through sponsored research (Atrium Research Corporation), digital investor-awareness campaigns (i2i Marketing Group at US$250,000 per month), corporate website content, press releases, and investor presentations. Headcount is reported at 11-50 employees, with leadership comprising an Executive Chairman (Michael Dehn), President & CEO (Tyler Thorburn), VP Exploration (Robert Penczak), Exploration Lead (Tim Twomey), CFO (Ashley Nadon), and a five-member Board of Directors.
Total Metals firmographics
Firmographics- Name
- Total Metals
- Legal name
- Total Metals Corporation
- Website
- https://totalmetalscorp.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Total Metals Corp is a Canadian junior mining exploration company focused on acquiring and advancing copper, zinc, gold, and silver properties in Northwestern Ontario's Red Lake district, building a NI 43-101 compliant portfolio for future sale, joint venture, or development by larger mining companies.
- Ownership category
- akta.pro rank
Total Metals industry classification
Industry- Product category
- Mineral Exploration Services
- NAICS
- Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)
- SIC
- Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
- akta.pro secondary industry
- Copper Exploration & Resource Development (IMAKADAA)
Keywords
Where Total Metals is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Total Metals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Others
Revenue model
- Mineral Resource Development and Sale: Total Metals Corp is a pre-revenue junior mining exploration company. The company acquires, explores, and advances mineral properties with the goal of defining NI 43-101 compliant mineral resources. Revenue will ultimately come from selling or partnering the mineral assets with larger mining companies, joint ventures, or eventually going into production. The company does not currently have producing assets or generate operational revenue.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Total Metals product offering
Product offeringCore offering
Total Metals Corp acquires, explores, and develops mineral properties in the Red Lake mining district and Kenora Mining Division of Northwestern Ontario, Canada. The company's portfolio targets copper, zinc, gold, and silver resources through exploration drilling, geophysical surveys, and geological analysis. Revenue is ultimately expected from selling or partnering the mineral assets with larger mining companies, joint ventures, or eventual production.
Product overview
Total Metals Corp is a Canadian mining exploration company offering a portfolio of mineral exploration projects in northwestern Ontario. The core portfolio includes the Electrolode Project (critical minerals: copper, zinc, gold, silver), the High Lake & West Hawk Lake Project (gold), the Pick Lake Critical Minerals Property (zinc-copper-silver-gold), and the Menary Gold Project (gold). These projects are structured as distinct exploration assets within a unified exploration and development strategy, targeting resources in the prolific Red Lake mining district.
Differentiator
Problem solved
Functional benefit
Products and services
- Electrolode Project
Companies that use Total Metals
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles2 records
Total Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Total Metals partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and supporting.
- Frontier Energy Limited (ASX: FHE)coreTotal Metals acquired 100% interest in the Pick Lake Critical Minerals Property from Frontier Energy Limited and its subsidiary Pick Lake Mining Limited for CAD$2,200,000 in cash. The acquisition was completed on April 15, 2026. Frontier Energy is an ASX-listed company. A 2% NSR royalty exists on the property, 50% of which may be bought back for CAD$1.0 million.
- Atrium Research CorporationcoreAtrium Research provides company-sponsored research services including publishing research reports on Total Metals' exploration portfolio and 2026 drill programs. The firm will conduct and host two recorded interviews with management to present the investment case. Nicholas Cortellucci, CFA and Riley Venton, P.Eng lead coverage. Total Metals pays C$42,000 for 12 months of services. Agreement dated April 9, 2026.
- i2i Marketing Group LLCcorei2i Marketing Group provides marketing services including social media management, content creation, distribution, digital marketing, digital advertising, and investor-awareness campaigns for publicly-traded junior mining companies. Total Metals pays US$250,000 for initial one-month term, extendable at US$250,000/month. Kailyn White and Joseph Grubb provide services. Located at 1107 Key Plaza, Suite 222, Key West, Florida 33040.
- Bayside Geoscience Inc.supportingBayside Geoscience Inc. managed project site exploration activities on behalf of Total Metals during the winter 2026 drilling program at Electrolode. Developed protocols for core logging, sampling, and QAQC. Oversaw sample chain of custody and delivery to AGAT Laboratories Ltd.
- Platinum Diamond Drilling Inc.supportingPlatinum Diamond Drilling Inc. was contracted for the 8,408 metre, 25-hole winter 2026 drilling program at Electrolode. The company produced NQ2 size core for geological analysis.
- Rosor ExplorationsupportingRosor Exploration completed the high-resolution drone-based airborne magnetic survey at High Lake Gold Property with 25 metre flight line spacing and 250 metre tie lines at 45 metres average magnetometer clearance.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Total Metals competitors and assessment
Company assessmentDirect peers
- TDG Gold Corp: TDG Gold is a TSX-V listed gold exploration company with projects in British Columbia; Total Metals director Christy Smith serves as Vice President at TDG. Both companies are publicly traded junior explorers with similar scale, financing structures, and reliance on flow-through and equity financings to fund drill programs.
- Great Bear Resources Ltd: Great Bear Resources was a Red Lake-focused gold exploration company that was acquired by Kinross Gold for C$1.8B in 2022, validating the district and providing a key transaction reference for Total Metals. As a former peer with the same Archean gold target model, it illustrates the discovery-to-acquisition value pathway available to Total Metals.
- First Mining Gold Corp: First Mining Gold's Springpole Gold Project sits immediately adjacent to Total Metals' Electrolode Project in the Red Lake district, making it the most direct geographic and geological peer. Both companies are gold-focused junior explorers in the same Archean greenstone belt with NI 43-101 stage resources.
- Trillium Gold Mines Inc: Trillium Gold Mines held a substantial land position in the Red Lake and Confederation Lake districts and pursued a similar Archean lode gold and VMS exploration thesis to Total Metals. Its asset base and exploration methodology in the same geological setting make it a directly comparable junior peer.
- Homeland Nickel Inc: Homeland Nickel is a TSX-V listed exploration company where Total Metals CFO Ashley Nadon also serves as CFO. Both are early-stage critical minerals explorers with comparable headcount, market cap profile, and dependence on Canadian capital markets for funding.
- Pure Gold Mining Inc: Pure Gold Mining is a Red Lake-focused gold exploration and development company advancing the PureGold Mine project in the same district as Total Metals. Both companies are junior explorers targeting high-grade Archean lode gold deposits in Red Lake with overlapping infrastructure and labor pools.
Broad incumbents
- Pan American Silver Corp: Pan American Silver acquired Yamana Gold in 2023, where Total Metals' VP Exploration Robert Penczak and Exploration Lead Tim Twomey previously held senior roles. Pan American is a major silver-gold producer with adjacent exposure to Red Lake district geology and represents a likely strategic acquirer of Total Metals' silver-gold assets.
- Kinross Gold Corporation: Kinross operates the Great Bear Project adjacent to Total Metals' Electrolode position and is a major Red Lake district incumbent. Although substantially larger and a producer, Kinross's project footprint makes it the dominant comparable for district-level exploration strategy and a likely acquirer of Total Metals' assets.
Emerging players
- Frontier Energy Limited: Frontier Energy sold the Pick Lake Critical Minerals Property (zinc-copper-silver-gold) to Total Metals in April 2026 for CAD$2.2M. As the prior owner of one of Total Metals' core assets, Frontier is a directly comparable critical minerals exploration peer with overlapping geological focus.
Others
- Quinsam Capital Corporation: Quinsam Capital is a TSX-V listed merchant bank where Total Metals independent director Eric Szustak serves as Chairman. While not a direct exploration peer, Quinsam is a comparable small-cap Canadian public vehicle with similar governance, IR spend profile, and capital raising structure to Total Metals.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Total Metals social profiles
Digital presenceTotal Metals compliance and trust
Trust signalCompliance3 records
Total Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Total Metals leadership team
Management profileNumber of profiles
Profiles10 records
Total Metals funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Total Metals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Total Metals
What does Total Metals do?
Total Metals Corp acquires, explores, and develops mineral properties in the Red Lake mining district and Kenora Mining Division of Northwestern Ontario, Canada. The company's portfolio targets copper, zinc, gold, and silver resources through exploration drilling, geophysical surveys, and geological analysis. Revenue is ultimately expected from selling or partnering the mineral assets with larger mining companies, joint ventures, or eventual production.
Is Total Metals a public or private company?
Total Metals is a public company. It is classified as public and is currently operating.
When was Total Metals founded?
Total Metals was founded in 2025. It employs 11 to 50 people.
Where is Total Metals based?
Total Metals is headquartered in Toronto, Canada, in the North America region.
How does Total Metals make money?
One revenue line is on record: mineral Resource Development and Sale.
Who are Total Metals's main competitors?
Direct peers on record are TDG Gold Corp, Great Bear Resources Ltd, First Mining Gold Corp, Trillium Gold Mines Inc, Homeland Nickel Inc and Pure Gold Mining Inc. Broad incumbents are Pan American Silver Corp and Kinross Gold Corporation. Frontier Energy Limited is listed as an emerging player. Quinsam Capital Corporation is listed as an others.
Does Total Metals have an API?
No public API is recorded for Total Metals.
What industry is Total Metals in?
Total Metals's product category is Mineral Exploration Services. Its primary akta.pro industry code is IMAKAFAL, Exploration & Resource Development (Critical Minerals), with a secondary code of IMAKADAA, Copper Exploration & Resource Development. Its NAICS code is 212230 and its SIC code is 1000.