Stardust Metal
Stardust Metal is a pre-revenue Canadian junior mining exploration company (CSE: ZIGY) that advances gold and copper projects in Ontario and Quebec through option agreements, joint ventures, and strategic-investor-led private placements.
- Company typePublic
- Founded2019
- HeadquartersToronto, Canada
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Stardust Metal does
Stardust Metal Corp. (formerly Mistango River Resources Inc.) is a Canadian junior mining exploration company headquartered in Toronto, Ontario and listed on the Canadian Securities Exchange (CSE) under the symbol ZIGY (previously MIS). Founded in 2019 and rebranded in 2024, the company is part of the Ore Group portfolio and operates with a small team (1–10 employees). Stardust holds a portfolio of exploration-stage gold and copper assets in Ontario and Quebec — including the McGarry, Omega Mine, Kirkland West, Goldie, Sackville, and Ledden Copper-Gold projects — along with a 15% strategic interest in Metal Energy's Manibridge Nickel Project in Manitoba. Projects are primarily located along the Cadillac-Larder Lake Break and the Shebandowan Greenstone Belt, adjacent to major producing or advanced-stage mines operated by senior miners such as Agnico Eagle, Kirkland Lake Gold, and QC Copper and Gold.
The company's core exploration technology stack includes magnetotellurics (MT) surveys for identifying deep geophysical anomalies, high-resolution airborne magnetic surveys flown at 50 metre spacing for target delineation, and diamond drilling. Stardust advances projects primarily through option and earn-in agreements with senior mining partners and strategic investors rather than generating product revenue. Notable transactions include a formal option agreement with Orecap Invest Corp. (April 2026) to earn up to a 75% interest in McGarry via $13M of staged work commitments plus a potential $50M cash payment for the residual 25%, and a $5.26M fully-subscribed private placement led by strategic investor Daniel Earle (June 2026). The company is pre-revenue, with treasury funded by repeated private placements and a $200,000 Ontario Junior Exploration Program (OJEP) grant; anticipated future revenue streams consist of selling project interests upon resource definition, production royalties, or strategic acquisition by a major miner.
Stardust Metal firmographics
Firmographics- Name
- Stardust Metal
- Legal name
- Stardust Metal Corp.
- Website
- https://stardustmetal.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Stardust Metal is a pre-revenue Canadian junior mining exploration company (CSE: ZIGY) that advances gold and copper projects in Ontario and Quebec through option agreements, joint ventures, and strategic-investor-led private placements.
- Ownership category
- akta.pro rank
Stardust Metal industry classification
Industry- Product category
- Mineral Exploration
- NAICS
- Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (21229)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000), Miscellaneous Metal Ores (1090)
- akta.pro primary industry
- Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)
- akta.pro secondary industry
- Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers) (IMAKANAC)
Keywords
Where Stardust Metal is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Stardust Metal business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Marketing or Sales, Personnel, Supply Chain
Revenue model
- Joint Venture / Option Agreements: Stardust earns into exploration projects through staged work commitments, then operates joint ventures as project operator. Revenue is generated through farm-out agreements where senior partners (e.g., Agnico Eagle) can earn up to 75% interest by spending defined amounts on exploration.
- Project Monetization: Pre-revenue exploration stage company. Revenue anticipated from either (1) selling project interests upon resource definition, (2) production royalties, or (3) strategic acquisition of 100% owned projects by majors.
- Royalty Internalization: Acquiring net smelter return (NSR) royalties on its own projects (e.g., 1.5% NSR on Kirkland West and Omega), internalizing encumbrances to enhance project economics and future production revenue.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels7 records
Stardust Metal product offering
Product offeringCore offering
Stardust Metal is a junior mining exploration company that acquires, advances, and partners gold and copper exploration projects in Ontario and Quebec. The company funds exploration through staged private placements and earn-in option/joint venture agreements with senior mining partners, aiming to advance projects to NI 43-101 resource definition and eventual monetization through sale, royalty, or production.
Product overview
Stardust Metal is a mining exploration company focused on gold and copper in Ontario and Quebec. The company operates a portfolio of exploration assets in the Kirkland Lake district (McGarry, Omega, Kirkland West) and the emerging Shebandowan gold district in Ontario, along with copper assets in Chibougamau, Quebec. The company also holds a strategic investment in Metal Energy's Manibridge Nickel Mine in Manitoba.
Differentiator
Problem solved
Functional benefit
Products and services
- McGarry Project A gold exploration project in Ontario located along the Larder Lake-Cadillac Deformation Zone, identified as a high-quality brownfield asset with clear geological links to the adjacent Kerr-Addison deposit. Stardust is earning up to 75% interest through staged work commitments with Orecap Invest Corp.
- Omega Mine
Quantifiable outcome
- 86.2 g/t gold over 0.5m drill intercept at Kirkland West, confirming high-grade gold potential along the Cadillac-Larder Lake Break.
- +4 more outcomes
Companies that use Stardust Metal
Customer profileSegments3 records
Ideal customer profiles2 records
Stardust Metal technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Stardust Metal partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Orecap Invest Corp.coreOrecap and Stardust Metal executed a formal option agreement granting Stardust the right to earn up to a 75% interest in the McGarry gold project through staged commitments of $13 million over four years, plus a potential $50 million cash payment for the additional 25%. The transaction creates a 50/50 joint venture with Stardust as operator, positioning McGarry on a defined path toward resource definition. Total potential value to Orecap is $63.5 million.
- Metal Energy Corp. (MERG: TSXV)minorStardust holds a 15% interest in Metal Energy's Manibridge Nickel Project (19 mineral claims, ~4,368 hectares) in the Thompson Nickel Belt, Manitoba, acquired through $1.5M in work obligations. Metal Energy has a call option to re-acquire the 15% interest for $2.25M. The project has delivered strong drilling results including 36.55m of 1.13% NiEq.
- Kirkland Lake Gold Inc.minorKirkland Lake Gold invested $2.5M in Stardust (9.9% equity stake) and entered an option agreement for Kirkland West and Omega (subsequently merged with Agnico Eagle). Equity stake transferred to Agnico Eagle upon merger. This partnership validated Stardust's land position in the Kirkland Lake camp.
- Agnico Eagle Mines LimitedcorePreviously held a $60 million option agreement (terminated January 30, 2024) on Kirkland West and Omega projects, whereby Agnico could earn up to 75% interest by spending $10M for 50% and an additional $50M for 25%. Agnico funded $2.5M under the agreement but did not meet the threshold to earn any interest, and the properties reverted to Stardust's 100% ownership.
- Delta Resources Limited (DLTA: TSXV)minorDelta Resources is an adjacent property owner to Stardust's Goldie Project. Delta's Delta-1 discovery (11.9m of 14.8 g/t gold) provided the geological model for Stardust's adjacent exploration at Goldie, where a 1km near-surface gold zone was identified along the same structural trend.
- QC Copper and Gold (QCCU: TSXV)minorStardust's Ledden Copper-Gold Project is adjacent along the southeast boundary of QC Copper and Gold's Opemiska Project in Quebec. QC Copper's exploration success at Opemiska (1.58Bn CuEq lbs in M&I category) serves as a geological guide for Ledden exploration.
- Ore GroupcoreOre Group is the parent/private natural resource development group focused on gold, copper, nickel, and uranium. Stardust Metal is part of the Ore Group portfolio of companies, hosting events like Ore Day and providing shared administrative and strategic resources. Stephen Stewart and Charles Beaudry serve as directors.
Scale indicators16 records
Recent moves6 records
Expansion highlights6 records
Stardust Metal competitors and assessment
Company assessmentDirect peers
- Metal Energy Corp. Metal Energy is the JV partner on the Manibridge Nickel Project where Stardust holds a 15% interest. A TSX-V listed nickel and base metals explorer with a comparable market cap, junior exploration profile, and project-advancement model.
- Orecap Invest Corp. Orecap is the JV partner on Stardust's McGarry gold project (50/50 JV, Stardust operator). Orecap is a Canadian resource-focused investment issuer that holds portfolio companies and makes strategic investments in junior mining — directly comparable in size, business model (royalty/portfolio strategy), and exploration-stage focus.
- Kirkland Lake Discoveries Corp. Kirkland Lake Discoveries is a Canadian gold exploration company focused on the Kirkland Lake district — the same prolific gold camp where Stardust's flagship Kirkland West and Omega projects are located. Highly comparable jurisdiction, commodity focus, and exploration-stage profile.
- QC Copper and Gold: QC Copper and Gold is the adjacent property owner to Stardust's Ledden Copper-Gold Project in the Chibougamau district of Quebec. Their Opemiska Project (1.58Bn CuEq lbs M&I) serves as a geological analog for Ledden. Similar size, stage, and Canadian copper-gold focus.
- Delta Resources Limited: Delta Resources is the adjacent property owner to Stardust's Goldie Project on the Shebandowan Greenstone Belt. Delta's Delta-1 discovery (11.9m of 14.8 g/t Au) provided the geological model guiding Stardust's Goldie exploration. Comparable in size, stage, jurisdiction, and exploration thesis.
- Magna Mining Inc. Magna Mining is a Canadian base metals exploration and development company and the prior employer of Stardust's VP Exploration Dr. Mynyr Hoxha. Similar size, exploration-stage profile, and Sudbury-area/Canadian base/precious metals focus.
Broad incumbents
- Alamos Gold Inc. Alamos Gold is a senior Canadian gold producer with operations in Ontario (Island Gold) and other jurisdictions. Dr. Mynyr Hoxha's prior experience at Alamos makes it a strategically connected incumbent comparable to Stardust's Ontario gold exploration focus.
- Wesdome Gold Mines Ltd. Wesdome Gold Mines is a Canadian gold producer with operations in Ontario (Kiena, Eagle River) and Quebec. It operates in the same Canadian gold jurisdictions and represents a logical senior producer/integrator that could acquire Stardust's Kirkland Lake assets at development stage.
- Agnico Eagle Mines Limited: Agnico Eagle is a senior gold producer that previously held a $60M option on Stardust's flagship Kirkland West and Omega projects (terminated January 2024). Agnico's Macassa Mine and Upper Beaver project sit adjacent to Kirkland West, making it the most relevant incumbent and the natural acquirer of Stardust's land position.
Emerging players
- New Found Gold Corp. New Found Gold is a Canadian gold explorer with a high-grade discovery (Queensway project in Newfoundland). While geographically distinct, it is a directly comparable high-grade gold exploration junior listed on TSX, providing a relevant valuation reference for Stardust's high-grade intercepts.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Stardust Metal social profiles
Digital presenceStardust Metal financial estimates
Financial estimateRevenue estimate
Valuation estimate
Stardust Metal leadership team
Management profileNumber of profiles
Profiles4 records
Stardust Metal funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Stardust Metal 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 Stardust Metal
What does Stardust Metal do?
Stardust Metal is a junior mining exploration company that acquires, advances, and partners gold and copper exploration projects in Ontario and Quebec. The company funds exploration through staged private placements and earn-in option/joint venture agreements with senior mining partners, aiming to advance projects to NI 43-101 resource definition and eventual monetization through sale, royalty, or production.
Is Stardust Metal a public or private company?
Stardust Metal is a public company. It is classified as public and is currently operating.
When was Stardust Metal founded?
Stardust Metal was founded in 2019. It employs 1 to 10 people.
Where is Stardust Metal based?
Stardust Metal is headquartered in Toronto, Canada, in the North America region.
How does Stardust Metal make money?
Three revenue lines are on record. Joint Venture / Option Agreements are the primary driver. The others are project Monetization and royalty Internalization.
Who are Stardust Metal's main competitors?
Direct peers on record are Metal Energy Corp., Orecap Invest Corp., Kirkland Lake Discoveries Corp., QC Copper and Gold, Delta Resources Limited and Magna Mining Inc.. Broad incumbents are Alamos Gold Inc., Wesdome Gold Mines Ltd. and Agnico Eagle Mines Limited. New Found Gold Corp. is listed as an emerging player.
Does Stardust Metal have an API?
No public API is recorded for Stardust Metal.
What industry is Stardust Metal in?
Stardust Metal's product category is Mineral Exploration. Its primary akta.pro industry code is IMAKADAB, Copper Ore Mining (Open-Pit & Underground), with a secondary code of IMAKANAC, Drilling & Rock Excavation Equipment (Rotary/Top-Hammer, Jumbos, Raiseborers). Its NAICS code is 212220 and its SIC code is 1040.