- Business
- Lida Resources Inc. Lida Resources Inc. (CSE: LIDA) is a Canada-based exploration-stage mining company focused on mineral properties in Peru; it engages in the exploration and potential development of precious and base metal deposits, including lead, silver, zinc, and associated minerals. The company holds the San Vicente property, located approximately 120 kilometers east of Trujillo in the District of Agallpampa, Province of Otuzco, La Libertad region, through its wholly owned Peruvian subsidiary Imperium Mining S.A.C.; it also owns the Fruta del Sur deposit in Peru's prolific mining areas and previously controlled interests in the Quiruvilca mine, with strategic land positions acquired between San Vicente and Quiruvilca to support regional consolidation. Founded in 2017 and headquartered at 1055 West Georgia Street, Suite 1500, Vancouver, British Columbia, Canada, Lida Resources targets South American opportunities in precious and base metals without revenue generation from operations to date.
In recent developments, Lida Resources entered a letter of intent in March 2022 to acquire Purpose ESG Holdings Inc. in a reverse merger transaction valued at CAD 6.1 million, which included plans for a private placement, CSE listing, and leadership transition, though the deal was subsequently terminated; the company has pursued land acquisitions to expand its Peruvian footprint between past-producing assets like San Vicente and Quiruvilca. Current leadership includes Leonard de Melt as President, CEO, and Director, alongside Geoffrey Balderson as CFO, Corporate Secretary, and Director, with recent board additions such as Erick J. Underwood in 2024. Operations remain centered on advancing these Peruvian exploration assets amid ongoing CSE listing status.