Amseco Exploration Ltd.
AXPRF
Other OTC0.03
USD
- -
- -
Return %
Stock
S&P500
1Y
- -
26.53
3Y
- -
76.60
5Y
- -
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jean Desmarais
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 2159 Mackay Street Montréal QC Canada H3G 2J2
- IPO Date
- Mar 17, 2010
- Website
- amsecoexploration.com
- Similar Companies
- Business
- Amseco Exploration Ltd. is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. The company’s core activities include exploration and development primarily in the gold and base metals sectors. Amseco's assets include multiple mineral properties, with a recent emphasis on gold exploration projects including the Lac Arsenault property, the VG Boulder property, and the Robidoux property, all located in the Gaspé Peninsula of Québec, Canada. These properties encompass significant geological features associated with high-grade epithermal gold and silver mineralization, including known vein systems with historic assay results indicating gold, silver, lead, and zinc mineralization. In 2024, Amseco Exploration Ltd. entered into a definitive agreement for a proposed reverse takeover transaction with Canadian Gold Resources Ltd., a strategic move designed to combine their mineral exploration assets and operations. This transaction, which includes an associated private placement financing and a subsequent company name change to Canadian Gold Resources Ltd., represents a major strategic shift and expansion for Amseco. The reverse takeover, pending regulatory approvals, aims to consolidate the companies' exploration portfolios and enhance shareholder value through a more focused operational structure. The transaction also involves a reorganization of the stock option plan and restated financial statements to comply with IFRS standards. Amseco’s geographic operations are focused primarily in Canada, particularly in Québec, where it holds extensive claims in the Gaspé Peninsula region. The company targets the mining and exploration industry segments, addressing markets engaged in mineral resource development and investment. Founded in 2004, Amseco Exploration Ltd. is headquartered in Montreal, Quebec. The company is publicly listed on the TSX Venture Exchange, reflecting its status as a junior mineral exploration firm with a growth strategy based on property acquisitions and geology-driven exploration initiatives. Major product and service lines for Amseco include exploration services focused on gold and silver mineralization, mineral property acquisition, geological surveying, sampling, drilling programs, and technical property evaluations. Its portfolio of mineral claims includes properties with historical data, such as the Lac Arsenault project, which has seen exploration activities including airborne magnetic surveys and drill hole assays aimed at advancing these assets toward development potential. Overall, Amseco Exploration Ltd. emphasizes mineral resource property acquisitions and the advancement of gold exploration projects in eastern Canada, with recent strategic corporate changes including the reverse takeover agreement with Canadian Gold Resources Ltd., marking a significant development in its corporate structure and operational focus. This enhances its capability to explore and develop high-potential mineral assets under a consolidated corporate entity. This description incorporates the latest developments, including the strategic transaction and expanded exploration portfolio, grounding Amseco firmly within the mineral exploration sector in the Canadian market with a clear emphasis on precious metals exploration and resource advancement.