- Business
- Arctic Star Exploration Corp. is a junior natural resource company engaged in the acquisition, exploration, and development of mineral properties, with a primary focus on diamond exploration. The company’s main products and services include exploration and development of diamond-bearing kimberlite projects, notably the Diagras diamond project located in the Lac de Gras kimberlite field in Canada and the Timantti diamond project in Finland. Arctic Star explores additional kimberlite targets and aims to advance these assets through exploration stages to potential production. Founded in 2001 and headquartered in Vancouver, Canada, Arctic Star operates primarily in Canada and Finland.
Recent major company changes include the acquisition of an 18.5% stake in the Diagras diamond project from Margaret Lake Diamonds Inc. for $0.3 million, solidifying its interest and operator status in this flagship project. Additionally, Arctic Star has secured the Timantti Project in Finland and announced new kimberlite discoveries there, expanding its project portfolio and signaling a strategic geographic and operational broadening into Finland’s diamond exploration sector. The company also entered a service agreement with Zimtu Capital to utilize the ZimtuADVANTAGE program, enhancing its capital markets and investor relations capabilities. The company changed its name from Arctic Star Diamond Corp. to Arctic Star Exploration Corp. in July 2011, reflecting a broader exploration mandate beyond diamond-focused ventures.
Arctic Star serves the basic materials industry within the mining and natural resources sector and targets investors and partners interested in diamond exploration and development. The company has approximately 50 employees and maintains a principal geographic presence in North America and Northern Europe. Its business segments encompass mineral property acquisition, geological exploration activities, and joint venture partnerships to advance its diamond projects toward commercial viability. The Diagras project remains a core asset, alongside newer initiatives in Finland, representing the company’s focus on high-potential kimberlite exploration and development within established and emerging diamond districts.