- CEO
- William D. Love
- Full Time Employees
- 3
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 18 King Street East Toronto ON Canada M5C 1T4
- IPO Date
- Sep 7, 2022
- Business
- New Break Resources Ltd. (CSE: NBRK) is a Canadian mineral exploration company focused on the acquisition, exploration, and evaluation of gold properties in Canada; its principal asset is the 100% owned Moray gold project covering approximately 22,275 hectares in the southern Abitibi greenstone belt, 49 km south of Timmins and 32 km northwest of Alamos Gold Inc.'s Young-Davidson gold mine, with activities including prospecting, geophysical surveys, trenching, channel sampling, and diamond drilling that in 2025 intersected significant gold mineralization such as 4.11 g/t Au over 31.3 metres and 3.35 g/t Au over 14.8 metres in the Zavitz zone; shareholders retain exposure to Nunavut gold exploration through a 20% carried interest in the Sundog gold project advanced by Guardian Exploration Inc. (TSX-V: GX), plus ownership of 6 million Guardian shares. Founded in 2014 and headquartered at 110 Yonge Street, Suite 1601, Toronto, Ontario, M5C 1T4, the company targets mining camps with established infrastructure and underwent leadership changes in February 2025 with William Love appointed CEO and Michael Farrant as President and CFO; it expanded the Moray land position in October 2025 by acquiring 4,719 hectares and staking 473 hectares contiguous with Canada Nickel Company Inc.'s Texmont nickel project for $20,000 cash plus 500,000 shares, received $2.0 million from early warrant exercises in October 2025, closed an oversubscribed private placement in September 2025, commenced a second phase of Moray drilling in July 2025 following maiden program results, accelerated warrant expiries in September 2025, and sold the Sundog project outright to Guardian effective April 2025 while retaining the carried interest.