- Business
- Golden Phoenix Minerals, Inc. Golden Phoenix Minerals, Inc. (GPXM) is a mining and exploration company focused on acquiring, exploring, and developing gold and silver mineral properties, primarily in Nevada; the company seeks to maximize asset value through exploration, joint ventures, and royalties. Founded in 1997 and headquartered in American Fork, Utah, it operates in the United States with property holdings in the Silver Peak mining district near Tonopah, Nevada, including options to acquire up to an 80% interest in the Mhakari properties encompassing the Vanderbilt silver and gold project, Coyote Fault gold and silver project, Galena Flat gold project, and Coyote Fault extension claims; it also holds an option on the North Springs properties, comprising 16 unpatented lode mining claims across three blocks on BLM lands in Esmeralda County, Nevada. The company targets precious metals deposits for potential production and growth, serving markets through strategic mineral asset development in key U.S. mining regions. In recent strategic developments, Golden Phoenix Minerals entered into a Definitive Acquisition Agreement as of late 2024 to acquire a 100% interest in four gold and base metal properties in Ontario's Shining Tree Mining District from Ra Resources Ltd., with shareholder approval announced by year-end, marking a significant expansion beyond its Nevada focus into Canadian assets; earlier efforts included staking additional claims like the North Star property in 2016 to bolster its Silver Peak position, though no major funding rounds, new product launches, or operational shifts have been reported in the past 1-2 years amid a focus on core exploration activities.