- Business
- Canoe Mining Ventures Corp. engages in the acquisition, exploration, evaluation, and development of gold resource properties in Canada. The company holds a 100% interest in the Kerrs gold property, comprising 12 mining leasehold patents in the Larder Lake Mining Division of Ontario; the Butt Property, consisting of 87 mineral exploration claims in Butt Township, District of Nipissing, Ontario; and maintains focus on its Iron Lake Project near White River, Ontario. Founded in 2011 and headquartered in Toronto, Ontario, at 217 Queen Street West, Suite 400, 4th Floor, the company targets high-potential mineral assets in jurisdictions with established mining infrastructure, primarily serving investors in the precious metals sector through exploration-stage advancement. In November 2025, Canoe Mining Ventures closed a non-brokered private placement financing of $575,000 to support ongoing operations and exploration initiatives; earlier in 2025, the company announced a correction to this fundraising effort, underscoring its active capital-raising strategy amid market conditions. These recent financings follow the 2022 TSX Venture Exchange approval for its option agreement on the Butt Property from Griftco, involving staged share issuances and exploration expenditures totaling up to $250,000 over three years, positioning the company for graphite, rare earth elements, and gold prospecting programs.