- Business
- Canagold Resources Ltd. Canagold Resources Ltd. (TSX: CCM) engages in the acquisition, exploration, and development of precious metal properties, primarily focused on gold and antimony deposits in North America. The company owns a 100% interest in its flagship New Polaris project, an advanced-stage, past-producing high-grade gold-antimony property located in the Atlin Mining Division of northwestern British Columbia, Canada, comprising 61 contiguous Crown-granted mineral claims; it also holds interests in the Princeton Gold property covering 14,650 hectares south of Princeton, British Columbia, and has optioned non-core gold projects in Nevada, United States. Canagold Resources Ltd. advances its projects through resource expansion drilling, feasibility studies, metallurgical testing including antimony flotation producing concentrates grading 59.1% Sb and 98.3 gpt Au with 93.1% Sb recovery, and environmental assessments; the company targets building Western Canada's highest-grade gold and antimony mine while expanding its asset base via advanced project acquisitions. Incorporated in 1987 and headquartered at 625 Howe Street, Suite 810, Vancouver, British Columbia V6C 2T6, Canada, the company formerly operates as Canarc Resource Corp. until its name change in December 2020. Recent developments include the announcement of positive feasibility study results for New Polaris in July 2025; closing of a $3.22 million charity flow-through financing in March 2025; release of an antimony mineral resource estimate in February 2025; receipt of a process order to proceed with the environmental assessment application for permitting in January 2025; advancement of active collaboration with the Taku River Tlingit First Nation including a groundbreaking agreement in March 2023 and an open house in May 2023; completion of resource expansion drilling programs in 2024 with strong mineralization intercepts; and positive antimony concentrate production results in October 2025, enhancing project economics through diversification into this critical mineral.