DRC Gold Corp

What DRC Gold Corp does

DRC Gold Corp (formerly AJN Resources Inc) is a publicly listed junior mining exploration company headquartered in Vancouver, British Columbia, with shares traded on the Canadian Securities Exchange (CSE: DRC) and Frankfurt Stock Exchange (FWB: 5AT). The company acquires, explores, and develops precious metal and lithium resource properties, with a portfolio centred on the Democratic Republic of Congo (DRC). Its flagship assets are the Giro Gold Project (497 km² of exploitation permits PE 5046 and PE 5049 in the Moto Greenstone Belt, hosting the 2.4 million ounce historic Kebigada resource and the 84,879 ounce Douze Match deposit) and the Nizi Gold Project (113 km² exploitation licence PE 5110 in the Kilo-Moto Goldfields, hosting the historic King Leopold underground mine), both located approximately 35 km from the 600,000 ounce-per-year Kibali Gold Mine.

The company is pre-revenue and does not produce or sell minerals. Operations consist of diamond drilling, reverse circulation drilling, geological mapping, soil sampling, and the preparation of NI 43-101 technical reports, with an imminent NI 43-101 resource update expected for the Giro Gold Project. Exploration strategy emphasises targeting sulphide-rich shear zones and broader mineralised structures rather than narrow vein systems. Additional exploration assets include the Kabunda South lithium project in DRC (along the southern boundary of the LCT pegmatite corridor near the Manono lithium project), the Okote Gold Project in Ethiopia's Adola Gold Belt (currently on hold due to military conditions), and the optioned Salt Wells Lithium Project in Nevada, USA.

DRC Gold Corp's business model is to fund exploration through repeated private placement equity raises (approximately USD $5.5 million raised across six tranches between August 2024 and November 2025), build resource estimates, and ultimately develop projects internally or transact with mid-tier or major mining companies. The February 2026 binding term sheet to acquire up to 65% indirect interests in Giro and Nizi from Amani Consulting and Mabanga Mining SARL — requiring 350 million common shares and a minimum USD $40 million capital raise — represents a transformational transaction that would consolidate the company's position in the Kilo-Moto Greenstone Belt. The company is led by Klaus Eckhof, who founded Moto Goldmines and oversaw the delineation of more than 20 million ounces of gold in the DRC prior to its acquisition by Randgold Resources.

Name

DRC Gold Corp

Legal name

DRC Gold Corporation Inc

Website

https://drcgoldcorp.com

Company type

Public

Founded year

2018

Operating status

Operating

Short description

DRC Gold Corp is a pre-revenue junior mining exploration company listed on the CSE (DRC) and FWB (5AT), acquiring and developing gold and lithium projects in the Democratic Republic of Congo, with flagship assets Giro (2.4 Moz historic resource) and Nizi in the Kilo-Moto Greenstone Belt near Kibali.

Ownership category

akta.pro rank

Product category

Gold and Lithium Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Support Activities for Mining (2131)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Gold exploration
• Lithium exploration
• Mineral resource development
• Junior mining
• Precious metals projects

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Pre-Revenue Exploration Stage: DRC Gold Corp is a pre-revenue junior exploration company. The company has not yet generated revenue from mineral production. Operations are funded through equity raises and private placements. The company's business model depends on successfully identifying mineral resources and either developing them internally or selling/partnering with larger mining companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

DRC Gold Corp is a junior mining exploration company that acquires, explores, and develops gold and lithium mineral projects. Its flagship assets are the Giro Gold Project and Nizi Gold Project in the Democratic Republic of Congo's Kilo-Moto Greenstone Belt, supplemented by the Kabunda South lithium project in DRC, the Salt Wells lithium project in Nevada, and the Okote Gold Project in Ethiopia (currently on hold). The company is pre-revenue and funds exploration programs through private placement equity financings.

Product overview

DRC Gold Corp is a junior mining exploration company formed for acquiring, exploring, and developing precious metal and lithium resource properties. The company operates a portfolio of gold and lithium exploration assets centred on the Democratic Republic of Congo, with its flagship projects being the Giro Gold Project and Nizi Gold Project in the highly prospective Kilo-Moto Greenstone Belt. The company also holds interests in the Kabunda South lithium project in DRC and has optioned the Salt Wells lithium project in Nevada, USA. A gold project in Ethiopia (Okote) is currently on hold due to military uncertainty. The company is listed on the Canadian Securities Exchange (CSE: DRC) and Frankfurt Stock Exchange (FWB: 5AT).

Differentiator

Problem solved

Functional benefit

Products and services

• Giro Gold Project Gold exploration project in the Moto Greenstone Belt of Haute-Uele Province, DRC, covering 497 km² under two granted exploration permits (PE 5046 and PE 5049). Hosts the Kebigaga deposit (2.4 million ounces at 1.09 g/t gold historic JORC resource) and Douze Match deposit, located 35km west of the world-class Kibali Gold Mine.
• Nizi Gold Project Gold exploration project comprising exploitation licence PE 5110 covering 113 km² in the Ituri District of the Kilo-Moto Goldfields, DRC. Hosts the historic King Leopold underground gold mine with multiple unmined quartz vein systems and exploration potential for both high-grade and bulk-tonnage gold mineralisation.
• Kabunda South Project Lithium exploration project comprising two exploration permits (PR 15383 and PR 15623) along the southern boundary of the LCT pegmatite corridor in DRC, approximately 120km southeast of the Manono lithium project. Features spodumene-bearing pegmatites identified over 11km with priority areas covering strike lengths of 1.2km and 1.5km.
• Okote Gold Project Gold exploration project in southern Ethiopia's Adola Gold Belt, covering 42.8 km². Historic drilling of 13,761 metres defined gold mineralisation over 2.4 km strike length with results including 13m at 8.71 g/t gold. Project is currently on hold due to uncertain military conditions.
• Salt Wells Lithium Project Lithium exploration project optioned from Great Basin Oil LLC in Nevada, USA. Subject to a 4.5% Net Smelter Return royalty, with the option to purchase a 1.5% NSR within 90 days of production commencement.

Quantifiable outcome

• 2.4 million ounce historic resource at 1.09 g/t gold at the Kebigada deposit (Giro Gold Project)
• +2 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Amani ConsultingcoreStrategic or Co-development Partner · 24 February 2026DRC Gold Corp entered into a binding term sheet with Amani Consulting to acquire up to 65% indirect interest in the Giro Gold Project. The transaction involves issuing 350 million common shares and raising minimum USD $40 million. Following completion, DRC Gold will have three of five board seats representing Amani Consulting. DRC Gold also holds option to acquire remaining 10% interest for US$30-50 million.
• Mabanga Mining SARLcoreStrategic or Co-development Partner · 24 February 2026DRC Gold Corp entered into binding term sheet to acquire up to 65% indirect interest in the Nizi Gold Project from Mabanga Mining SARL. The transaction is structured through staged share issuances subject to shareholder and regulatory approvals.
• SOKIMOminorOthers · 24 February 2026State-owned mining company in DRC. DRC Gold Corp is assuming obligations under an existing USD $5.5 million loan to SOKIMO as part of the transaction to acquire interests in the Giro and Nizi Gold Projects.
• Godu General Trading S.C.minorStrategic or Co-development Partner · 27 May 2025Local Ethiopian partner for the Okote Gold Project acquisition. Under the transaction structure, DRC Gold may acquire initial 60% interest with additional payments to Godu General Trading S.C. across signing and project milestones. The Okote project is currently on hold due to uncertain military situation.
• Great Basin Oil LLCminorStrategic or Co-development Partner · 1 February 2024DRC Gold Corp has an option to acquire 100% of the Salt Wells Lithium Project in Nevada from Great Basin Oil LLC. The acquisition is subject to a 4.5% Net Smelter Return royalty, with option to purchase 1.5% NSR within 90 days of production commencement.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• AngloGold Ashanti: AngloGold Ashanti operates major gold mines across Africa (including DRC through its joint ventures) and represents a diversified tier-1 producer with overlapping interest in the same DRC and broader African gold belts. It is a relevant comparable for production-stage economics and a potential strategic acquirer of DRC Gold's assets.
• Newmont Corporation: Newmont is one of the world's largest gold producers with operations across Africa. Comparable as a major that could take out a junior DRC gold developer at scale, and serves as a benchmark for ultimate strategic exit valuation in the gold sector.
• Barrick Gold Corporation: Barrick operates the Kibali Gold Mine (600,000 oz/year) just 35 km from DRC Gold's Giro Project in the same Kilo-Moto Greenstone Belt. As the acquirer of Moto Goldmines (the company founded by DRC Gold's CEO), Barrick is the dominant incumbent in DRC gold and a natural reference point for the district.
• Endeavour Mining plc: Endeavour Mining is a mid-tier gold producer with a West African-focused portfolio and a strong track record of acquiring and developing junior exploration assets. It is comparable as a growth-oriented, Africa-focused gold company and a likely strategic acquirer profile.

Direct peers

• AVZ Minerals Limited: AVZ Minerals is developing the world-class Manono lithium project in DRC adjacent to DRC Gold's Kabunda South Project. Klaus Eckhof (DRC Gold's CEO) is the founder and former Executive Chairman of AVZ, making it the closest comparable in terms of management, jurisdiction, commodity, and project stage.
• Taruga Minerals Limited: Taruga Minerals is an ASX-listed junior gold and copper explorer; Sheena Eckhof (DRC Gold director) is also a director and Investor Relations Manager at Taruga. The companies share leadership and follow a comparable small-cap, multi-asset African-focused exploration strategy.
• Kilo Goldmines Ltd. Kilo Goldmines is a junior gold explorer with historical interests in the Kilo-Moto Greenstone Belt in northeastern DRC, directly overlapping DRC Gold's Giro and Nizi projects. It is a head-to-head competitor for permits, drilling, and capital in the same prospective belt.
• Rome Resources Plc: Rome Resources is a junior mineral explorer focused on tin, lithium, and base metals in the DRC, with key personnel overlap (Philip Knowles, DRC Gold's CFO, is also CFO of Rome Resources). It is directly comparable as a small-cap, publicly listed, DRC-focused explorer with similar financing structures.

Others

• Palisades Goldcorp Ltd. Palisades Goldcorp is a resource-focused merchant bank and lead investor in DRC Gold's March 2025 private placement. It is comparable as a financier of small-cap mining issuers and a peer in the junior mining capital-raising ecosystem in North America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/drcgoldcorp
• LinkedInlinkedin.com/company/drc-gold-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

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 DRC Gold Corp