Eureka Lithium Corp.
ERKA.CN
Canadian Securities Exchange0.40
CAD
-0.03
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Eureka Lithium Corp.
ERKA.CN
(Canadian Securities Exchange)
Recent
price
0.40
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Eureka Lithium Corp. (CSE: ERKA) is a junior mining company focused on the acquisition, exploration, and development of lithium mineral properties in Canada. The company holds 100% interests in three key lithium projects spanning 1,408 square kilometers in Quebec's Nunavik region, including the Raglan West District (443 sq km), Raglan South District (229 sq km), and New Leaf District; these properties target lithium-bearing pegmatite deposits in emerging lithium camps near operating nickel mines with deep-sea port access. It also holds the Lac La Motte lithium project near Val d'Or, Quebec, broadening its footprint into Canada's major hard-rock lithium production district in the Abitibi-Témiscamingue region. Founded in 2021 and headquartered at 2800 Park Place, 666 Burrard Street, Vancouver, British Columbia, V6C 2Z7, Canada, the company was formerly known as Scout Minerals Corp. prior to its name change in June 2023. Eureka Lithium conducts systematic exploration programs, including till sampling, geochemical analysis using handheld XRF analyzers, and prospecting for LCT pegmatites; recent field activities encompass extensive 2024 and 2025 programs collecting over 950 samples at Raglan West and Raglan South, with ongoing Phase 2 follow-ups to identify drill targets. In recent developments, Eureka Lithium entered a letter of intent with Medaro Mining Corp. to acquire 100% interest in the Lac La Motte lithium project, positioned strategically between the North American Lithium mine and the Authier project; the company advanced due diligence on this drill-ready asset with multiple targets. It continues partnerships with GroundTruth Exploration for remote Nunavik operations, leveraging experienced crews for high-efficiency prospecting. The company completed multiple private placement financings, including a June 2025 non-brokered offering of nearly 10 million units for $823,762, a July 2025 closing raising $694,950, and flow-through share issuances up to $300,000; additional debt settlements and offerings in 2024-2025 supported ongoing exploration.
Eureka Enters into Share Purchase Agreement of Stairway Mining Corp