BTU Metals Corp
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Paul Wood
- Full Time Employees
- - -
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1240, 789 West Pender Street Vancouver BC Canada V6C 1H2
- IPO Date
- Oct 15, 2009
- Website
- btumetals.com
- Similar Companies
- Business
- BTU Metals Corp. is a Vancouver-based junior mining exploration company focused on the identification, acquisition, exploration, development, and evaluation of mineral properties primarily for gold deposits in Canada. Founded in 2008 and headquartered at 1240-789 West Pender Street, Vancouver, British Columbia, the company operates exploration projects in the prolific Red Lake and Wawa gold districts of Ontario; its principal assets include the Dixie Halo Project in Red Lake, which is optioned to Kinross Gold under a 2023 exploration agreement adjacent to Kinross's Great Bear Project, the recently acquired Dixie East property located 4.5 kilometers east of Dixie Halo with royalties on adjacent lands and approval for initial reconnaissance exploration, the Echum Project adjacent to Alamos Gold's Island Gold Mine featuring gold occurrences and deformation zones, and the Hubcap and Centennial properties in the Wawa area incorporating the historic Centennial Gold Mine with opportunities for data reinterpretation and new targeting. BTU targets high-quality, road-accessible greenstone belt projects with no pending work requirements and minimal property obligations; it holds a debt-free position with a treasury of approximately $1.5 million following recent financings. In the past two years, BTU completed the acquisition of 100% interests in the Echum and Hubcap properties in May 2024 for cash and shares while assuming net smelter royalties, entered a 2023 option agreement with Kinross for Dixie Halo enabling Kinross-led exploration, acquired the Dixie East project with exploration permit approval in October 2025, closed an oversubscribed $885,000 flow-through private placement in November 2025 issuing 17.7 million shares at C$0.05 to fund Ontario programs, and earlier raised $600,000 in flow-through financing to support Dixie East and other assets, demonstrating strong market support for its portfolio expansion in underexplored gold districts.
Company News
BTU Additional Details Regarding Recent Acquisition
BTU Expands Dixie East Project with Strategic Block 3 Acquisition Adjacent to Kinross Great Bear Project
BTU Acquires Property East of Great Bear's World Class Dixie Gold Deposit and Their New Strider Gold Discovery
BTU Closes Oversubscribed Financing
BTU Announces Financing
BTU Option Grant
Kinross to Initiate Two Phase 6,000-8,000 Metre Drill Program on BTU Dixie Halo Property Near Great Bear Property
BTU Metals Initiates Geophysical Program at Its Dixie East Property in Red Lake in Preparation for Drilling Drilling Planned for Three Ontario Gold Projects in 2026
BTU 2025 Highlights and Drilling Plans for Three Projects in 2026
BTU Announces Closing of Over Subscribed Flow Through Financing
BTU Announces Flow Through Financing
BTU Dixie East Project Approved
BTU Acquires New Dixie East Project East of Great Bear's Dixie Deposit Kinross Continues Drilling on BTU's Dixie Halo Property
Kinross Commences 8,000m Drilling Program on BTU's Dixie Halo Property Adjacent To Kinross' Great Bear Project
Kinross (Great Bear) to Commence Extensive Core Drilling Program on BTU Dixie Halo Project
BTU Drill Program Underway at Echum Adjacent to Alamos Gold, Gold Values Encountered on Hubcap Property Near Red Pine Exploration
BTU Announces Drill Program at the Echum Project, Adjacent to Island Gold District, Ontario
BTU Commences Exploration at Extensive Gold Properties Adjacent to Alamos Gold and Red Pine Exploration in the Active Wawa Gold District
BTU Option Grant
BTU Acquires Two Extensive Gold Properties in the Active Wawa Gold District; The Echum Gold Project Adjacent to Alamos Gold and The Hubcap Gold Project Adjacent to Red Pine Exploration