- Business
- South Atlantic Gold Inc. South Atlantic Gold Inc. is a Canada-based mineral exploration company engaged in acquiring, exploring and advancing gold properties in the Americas, with a focus on mesothermal shear zone-hosted gold deposits; its primary assets include the 100%-owned Pedra Branca project in Ceara State, Brazil, encompassing a 14-kilometer strike length of mineralization tested to shallow depths via soil sampling, trenching, RC drilling and UAV magnetic surveys, and the Big Kidd property in British Columbia, Canada, targeting gold and copper deposits. The company, founded in 2006 and headquartered in Kelowna, British Columbia, operates principally in Brazil and Canada, serving institutional and retail investors through its TSX Venture Exchange listing under the symbol SAO and OTCQB under JLRRF. In recent developments, South Atlantic Gold expanded its Pedra Branca exploration dataset in October 2025 by acquiring an additional 4,200 hectares of UAV magnetic survey data for a cumulative 6,800 hectares, enhancing target identification, and appointed geologist Matt Rees, P.Geo., as technical advisor to the board; earlier in March 2025, it entered a proposed amalgamation agreement with ValOre Metals Corp. to form a larger precious metals district in Brazil, subject to shareholder and regulatory approvals, while securing short-term loan financing to support Pedra Branca advancement.