- Business
- Beauce Gold Fields Inc. is a Canadian gold and phosphate exploration company focused on placer to hard rock gold deposits and phosphate properties in Quebec. Incorporated in 2016 and headquartered in Montreal, Quebec, the company holds a portfolio of mineral properties including its flagship Saint-Simon-les-Mines Gold project in southern Quebec, comprising 152 claims covering approximately 4,809 hectares in the municipality of Saint-Simon-les-Mines; this property, site of Canada's first gold rush from the 1860s to 1960s, features extensive historical placer gold mines that produced large nuggets up to 71 ounces and is the subject of ongoing drilling along antiform saddle reef structures targeting bedrock gold sources; additional gold exploration targets include the Grondin Zone and Beauce Gold paleochannel; the company also owns 29 phosphate projects spanning 27,224 hectares across Quebec regions such as Gaspésie, Lac Saint-Jean, and Côte Nord, with apatite occurrences in host rocks like anorthosite, phosphorite, and gabbronorite showing historical P2O5 grades up to 14%, including the CH-98 property where recent sampling confirmed apatite-rich targets. Operations target eastern North America's largest placer gold district and critical minerals like phosphate, essential for fertilizers and lithium iron phosphate batteries, with activities centered in Quebec and listed on the TSX Venture Exchange under the symbol BGF (OTC: BGFGF). In recent developments, the company closed a non-brokered flow-through private placement of 9,999,622 units at C$0.045 per unit in October 2025 for gross proceeds of C$449,983 to fund gold and phosphate exploration, paying finder's fees to EMD Financial Inc.; extended the term of 3,000,000 share purchase warrants expiring October 2025 at C$0.10 exercise price in October 2025; announced a winter drill campaign along the antiform saddle reef structure in January 2025 and trial horizontal directional drilling yielding 2.75 g/m3 placer gold in January 2025; reported assays from fault line and pyrite-bearing drill cores in September 2025, significantly expanded the Saint-Simon-les-Mines exploration target using historical data and lidar mapping in September 2025, and sampled apatite-rich targets on the CH-98 phosphate property in November 2025; welcomed phosphate's addition to Canada's critical minerals list in June 2024, aligning with its strategic phosphate portfolio.