- Business
- Optegra Ventures Inc. is a Canada-based natural resource company focused on the identification, acquisition, exploration, and development of precious and base metal mineral properties, primarily gold, copper, molybdenum, and rare earth elements. Incorporated in 2012 and headquartered at 3002-1211 Melville Street, Vancouver, British Columbia, the company operates through its wholly-owned subsidiaries KNX Resources Ltd. and IsMins Pty Ltd., with principal activities in Canada and Australia; it holds an 88% interest in the Cumberland Project, comprising five granted exploration permits covering 26,000 hectares in Georgetown, North Queensland for potential epithermal gold and porphyry copper-gold-silver-molybdenum mineralization, an 88% interest in the Compass Creek Project with three granted exploration permits spanning 6,400 hectares in the Pine Creek goldfield near Kirkland Lake, Ontario, and a 100% interest in the Mt. Turner Project, a 6,000-hectare granted exploration permit northeast of Cumberland in Queensland targeting high-grade epithermal gold and bulk-tonnage copper-molybdenum porphyry deposits. The company provides exploration services including property maintenance, geological evaluation, drilling target definition, and joint venture opportunities, while seeking earn-in partners for advanced-stage assets up to cash-flowing operations. In August 2023, the company changed its name from Essex Minerals Inc. and its TSX Venture Exchange ticker from ESX to OPTG, with OTCQB trading under ESXMF; it acquired KNX Resources in April 2022 to secure its Australian project interests, impaired the Compass Creek and Mt. Turner assets in fiscal 2023 due to halted exploration, extended the Mt. Turner option with Cuprium Resources to August 2024 before Cuprium's acquisition by Caldera Lithium (now FNQ Resources) in October 2024, granting Caldera a new 185-day exclusive option for AUD$1,000 cash and a 3% NSR royalty with buyout rights, and announced a CAD$1.5 million private placement of 20 million units at CAD$0.075 on October 30, 2025, pending TSX-V approval, to fund ongoing operations amid challenging junior resource markets.