Metallis Resources Inc.
MTS.V
Toronto Stock Exchange Ventures0.13
CAD
+0.01
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Metallis Resources Inc.
MTS.V
(Toronto Stock Exchange Ventures)
Recent
price
0.13
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Metallis Resources Inc. is a Vancouver-based mineral exploration company focused on discovering and advancing precious and critical metal deposits in North America. The company holds a 100% interest in the Kirkham Property, comprising 30 contiguous claims covering 10,610 hectares in British Columbia's Golden Triangle region, prospective for copper-gold porphyry, magmatic nickel-copper, shear vein gold, and volcanogenic massive sulfide deposits; and an option to acquire 100% interest in the Greyhound Property, expanded to 677 hectares through staking of 81 additional claims in Custer County, Idaho, hosting a 3.6 km polymetallic shear zone with high-grade silver, gold, antimony, lead, and zinc mineralization in quartz-sulfide veins at targets including the 1350 Zone, Bulldog, Birdie, Republican, and Akita. Incorporated in 2007 and formerly known as Coltstar Ventures Inc. until its name change in July 2013, Metallis maintains its headquarters at Suite 604, 850 West Hastings Street, Vancouver, British Columbia, Canada V6C 1E1, and trades on the TSX Venture Exchange under MTS, OTCQB under MTLFF, and Frankfurt under 0CVM. Metallis targets mining companies, investors, and governments seeking domestic supplies of strategic metals amid rising demand for gold, copper, silver, nickel, and antimony, operating in stable jurisdictions across Canada and the United States with emphasis on the prolific Eskay Rift system at Kirkham—near Eskay Creek, Brucejack, and KSM deposits—and the Stibnite Mining Camp at Greyhound, proximate to Perpetua Resources' Stibnite project. In February 2024, the company entered an option agreement with Greyhound Mining & Milling Inc. for staged acquisition of the Greyhound Property via US$670,000 in payments and US$10 million in exploration over 10 years, subject to a 2% NSR royalty (half buyable for US$5 million), followed by staking expansions, initial field programs confirming historic high-grade assays up to 4.54% antimony, 4,590 g/t silver, and over-limit results; secured a drilling contract with Foraco Drilling Ltd. in July 2025 for its maiden program at Greyhound; reported strong mid-season 2025 drilling progress with 1,143 meters across seven holes at Bulldog and 1350 Zones, relocating to Birdie target; and announced a high-grade discovery at the 1350 Zone in December 2025 including 795 g/t silver equivalent from inaugural diamond drilling, underscoring robust mineralization warranting follow-up; additionally adopted an amended and restated 2024 security-based compensation plan and proposed a $1.35 million private placement in May 2025 to fund exploration at both properties.