Champion Electric Metals

What Champion Electric Metals does

Champion Electric Metals Inc. is a Canadian-domiciled, publicly traded mineral exploration company focused on the discovery and advancement of battery-metals and precious-metals projects in North America. Originally incorporated as Idaho Champion Gold Mines in 2015 around the Baner Gold Project in Idaho, the company rebranded in 2022 to pivot toward lithium and cobalt and is now headquartered at 372 Bay Street, Toronto, with listings on the CSE (LTHM), OTCQB (CHELF), and Frankfurt (1QB0). The portfolio at the time of input comprised the 100%-owned Quebec Lithium Project in Eeyou Istchee James Bay (1,036 claims covering 529.17 km² adjacent to Patriot Battery Metals' Corvette and Winsome Resources' Cancet discoveries), the Idaho Cobalt Project (622 claims across the Victory, Fairway, Twin Peaks, and Ulysses blocks in the Idaho Cobalt Belt), and the 100%-owned Champagne Gold Project in Butte County, Idaho. The Baner Gold Project was divested to Legacy Gold Mines Ltd. (formerly Prestwick Capital) in October 2024, and a Lithium Project sale was announced in December 2025.

The company applies an integrated exploration methodology that combines till sampling and spodumene-grain counting for blind-pegmatite discovery under glacial cover, boulder prospecting, geological mapping, gravity and induced-polarization geophysics, LiDAR imagery, trenching with channel sampling, and diamond drilling. Spodumene identification in the field and core uses UV-light methods and Laser-Induced Breakdown Spectroscopy (LIBS). The 2024 maiden drill program at the Quebec Western Prospect totaled 2,263 metres in 10 holes and intersected approximately 19.1 metres of spodumene-bearing pegmatite near surface, confirming the targeting model. Work is supported by implementation partners including GeoVector Management, RJLL Drilling, and Activation Laboratories.

Champion Electric is pre-revenue and monetizes exploration-stage assets through three mechanisms: binding option agreements with cash, share, and warrant consideration (exemplified by the Baner deal with Prestwick/Legacy Gold), outright property sales, and retained net-smelter-return royalties such as the 1% NSR on Baner (buyable for C$7.5 million). The company serves two principal customer groups: resource-sector institutional and retail investors seeking critical-minerals exposure for the energy transition, and larger mining companies seeking to acquire or option exploration-stage assets in established battery-metals districts. Exploration activities are funded primarily through Canadian flow-through share private placements, qualifying as flow-through critical mineral mining expenditures under the Income Tax Act, supplemented by a C$167,000 Quebec MRNF grant awarded in 2024.

Name

Champion Electric Metals

Legal name

Champion Electric Metals Inc.

Website

https://champem.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (212290)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Mineral Royalty Traders (6795)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Cobalt Mining & Refining (IMAKAFAC), Gold Mining (IMAKAEAA), Copper Ore Mining (Open-Pit & Underground) (IMAKADAB)

Keywords

• Lithium exploration
• Cobalt exploration
• Mineral exploration
• Battery metals exploration
• Gold exploration

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Personnel, Marketing or Sales, Others

Revenue model

1. Property Option/Sale Transactions: Pre-revenue exploration stage company generating returns through option agreements and sale transactions of mineral properties to larger mining companies. Revenue realized through cash payments, share issuances, and warrant distributions from optionees.
2. NSR Royalty Revenue: Retained net smelter return royalties on sold properties, such as the 1% NSR on Baner Gold Project which can be bought back for $7.5 million.

Go-to-market motion1 record

Marketing channels5 records

Core offering

Champion Electric Metals is a discovery-focused mineral exploration company that acquires, explores, and develops battery and precious metals mineral properties in North America. The company advances projects in Quebec, Canada (lithium) and Idaho, USA (cobalt and gold) through systematic exploration programs including till sampling, geophysical surveys, trenching, and diamond drilling, with the objective of advancing properties to option, joint venture, or sale to larger mining companies and retaining net smelter return royalties.

Product overview

Champion Electric Metals is a discovery-focused exploration company offering a portfolio of mineral exploration projects targeting battery metals and precious metals. The primary offerings include the Quebec Lithium Project (1,036 claims in Eeyou Istchee James Bay territory targeting spodumene-bearing pegmatite for lithium extraction), the Idaho Cobalt Project (622 claims across four blocks in the Idaho Cobalt Belt targeting cobalt, copper, and gold), and the Champagne Gold Project (polymetallic project in Butte County, Idaho with porphyry copper-gold-silver potential). The company conducts systematic exploration programs including drilling, trenching, geophysical surveys (IP resistivity, magnetic, gravity), and geological mapping to identify and develop mineral deposits.

Differentiator

Problem solved

Functional benefit

Products and services

• Quebec Lithium Project 100%-owned lithium exploration project in Quebec's Eeyou Istchee James Bay territory comprising 1,036 claims (529.17 km2), neighboring Patriot Battery Metals' Corvette claims and Winsome Resources' Cancet claims. Exploration includes drilling, trenching, and geophysical surveys targeting spodumene-bearing pegmatite deposits.
• Idaho Cobalt Project Cobalt exploration project in Idaho's Cobalt Belt comprising 622 staked mining claims (6,871 hectares) across four claim blocks: Victory, Fairway, Twin Peaks, and Ulysses Projects. Target minerals include cobalt, copper, and gold in the Idaho Cobalt Belt.
• Champagne Gold Project 100%-owned polymetallic gold project in Butte County near Arco, Idaho. Features historic open-pit epithermal gold-silver deposits with potential for a larger porphyry copper-gold-silver hydrothermal system identified through IP resistivity geophysics.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Legacy Gold Mines Ltd (TSXV:LEGY)coreStrategic or Co-development Partner · 14 May 2026Legacy Gold is actively drilling the Baner Gold Project in Idaho County following Champion's option agreement. Legacy announced drilling results from 2025 surface exploration program with significant gold intersections including 6.7 g/t Au over 4.6m.
• Quebec Ministry of Natural Resources and Forests (MRNF)coreStrategic or Co-development Partner · 2 July 2024C$167,000 exploration grant supporting metallurgical test work and 2024 drilling program at the James Bay Lithium Property under Quebec's critical minerals exploration development program.
• Prestwick Capital Corporation (now Legacy Gold Mines Ltd)coreStrategic or Co-development Partner · 15 May 2024Option agreement for Baner Gold Project in Idaho County. Prestwick to earn 100% interest through cash payments ($1,000,000 total), share issuances (1.3 million shares), and warrants (600,000). Champion retains 1% NSR royalty with $7.5M buyback option. Prestwick manages all work programs during option period.
• GeoVector Management, Inc.minorImplementation/ SI/ Consulting PartnerOn-site project supervision for 2024 Phase II drilling program at Quebec Lithium Project Western Prospect.
• RJLL DrillingminorImplementation/ SI/ Consulting PartnerDrilling contractor for 2024 Phase II diamond drilling program at Quebec Lithium Project.
• Activation Laboratories (Actlabs)minorImplementation/ SI/ Consulting PartnerSample preparation and analysis laboratory for drill core, trench channel samples, and rock samples from Quebec Lithium Project exploration programs.

Scale indicators5 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• Standard Lithium: U.S./Arkansas-focused lithium developer pursuing brine-based production. Broader lithium sector peer; larger capitalization and distinct extraction technology but comparable public-market battery-metals thematic.
• Sigma Lithium: Brazilian hard-rock spodumene producer serving the global EV supply chain. Broader spodumene/lithium peer; significant scale and operating status make it an incumbent benchmark for the junior hard-rock explorers Champion aspires to feed.

Direct peers

• Critical Elements Lithium: Quebec-focused lithium developer with the Rose Lithium-Tantalum project in the James Bay/Eeyou Istchee region. Direct peer on Quebec lithium jurisdiction, spodumene pegmatite targeting, and junior-to-development pathway.
• Patriot Battery Metals: Acquired by Rio Tinto in 2025, Patriot Battery Metals was the flagship James Bay/Eeyou Istchee lithium developer whose Corvette/Shaakichiuwaanaan project sits directly adjacent to Champion Electric's Quebec Lithium Project. Direct peer on geology (Lac Guyer greenstone belt pegmatites), jurisdiction, and stage.
• Winsome Resources: Australian-listed explorer advancing the Cancet lithium project in the James Bay region immediately adjacent to Champion's claims. Direct peer on commodity, jurisdiction, and exploration methodology targeting spodumene-bearing pegmatites.
• Frontier Lithium: Canadian junior developer of the PAK Lithium Project in Ontario advancing toward a spodumene-producing lithium operation. Direct peer on North American spodumene pegmatite development profile, public-market tier, and battery-metals strategy.
• Jervois Mining: Operator of the Idaho Cobalt Operations project in the Idaho Cobalt Belt, where Champion's Idaho Cobalt Project claims (Victory, Fairway, Twin Peaks, Ulysses) are located. Direct peer on cobalt target geology and U.S. jurisdiction.
• Electra Battery Metals: Explorer-developer with the Iron Creek cobalt-copper project in the Idaho Cobalt Belt, adjacent to Champion's Twin Peaks claims. Direct peer on cobalt, jurisdiction, and NI 43-101-stage resource positioning.
• eCobalt Solutions (Jervois Global legacy): Historically developed the Blackpine copper-cobalt project in the Idaho Cobalt Belt, directly adjacent to Champion's Fairway claims. Direct peer on Idaho cobalt geology and exploration-to-development pathway.

Emerging players

• Legacy Gold Mines (formerly Prestwick Capital): Counterparty that optioned the Baner Gold Project from Champion (closed Oct 2024) and is actively drilling it, including 6.7 g/t Au over 4.6m intercepts. Comparable small-cap gold explorer with a project originated by Champion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/Championlthm
• Facebookfacebook.com/ChampionLTHM
• LinkedInlinkedin.com/company/championelectricmetals

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

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 Champion Electric Metals