Fitzroy Minerals Inc
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.Company Description
- CEO
- Merlin Alexander Marr-Johnson
- Full Time Employees
- 11
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1055 West Hastings Street Vancouver BC Canada V6E 3S7
- IPO Date
- Mar 2, 1987
- Website
- fitzroyminerals.com
- Similar Companies
- Business
- Fitzroy Minerals Inc. (TSXV: FTZ) is a junior natural resource company focused on the acquisition, exploration, and development of mineral properties primarily targeting copper, gold, silver, molybdenum, and rhenium deposits in Chile, Argentina, and Canada. The company holds a portfolio of projects including the core Buen Retiro Copper oxide heap leach project near Copiapó, the Caballos Copper-Molybdenum-Gold-Rhenium porphyry project in the Valparaíso Region, and the Polimet Gold-Copper-Silver project, all located in Chile; as well as the non-core Taquetren Gold project in Argentina and the Cariboo project in British Columbia, Canada. It conducts exploration activities such as diamond and reverse circulation drilling, resource estimation, and preliminary economic assessments to delineate mineral resources and evaluate development potential. Founded in 1985 and headquartered at 1055 West Hastings Street, Suite 2250, Vancouver, British Columbia, Canada V6E 2E9, the company changed its name from Norseman Silver Inc. to Fitzroy Minerals Inc. in January 2024 to reflect its strategic shift toward copper-focused assets. In March 2025, Fitzroy completed the acquisition of Ptolemy Mining Limited through a share exchange agreement valued at approximately CAD 12.7 million, gaining control of the Buen Retiro Copper Project and securing an option on the Sierra Fritis property; this transaction was accompanied by a concurrent financing of 20,000,000 units at CAD 0.15 each for gross proceeds of CAD 3 million to fund exploration. More recently, the company raised additional capital through a non-brokered LIFE offering and concurrent private placement announced in June 2025 for up to a combined CAD 13 million, bolstering its treasury to CAD 11-12.5 million to support an extensive 12-15,500 meter drilling program across its Chilean projects through 2026, including maiden resource estimates and a preliminary economic assessment for Buen Retiro targeted for Q3-Q4 2026. Fitzroy operates in the precious and base metals mining sector, targeting near-term production opportunities at oxide copper deposits amenable to heap leaching and longer-term porphyry discoveries, with customers primarily consisting of strategic partners, processors, and investors in the mining industry. Recent drilling highlights include 110 meters at 1.94% copper (including 58 meters at 3.06%) at Buen Retiro in June 2025 and 200 meters at 0.83% copper equivalent at Caballos in March 2025, alongside plans to mobilize multiple rigs and pursue partnerships such as discussions with Pucobre SA leveraging proximity to existing processing infrastructure. The company maintains a strong financial position with no immediate dilution needs through key milestones, positioning it for accelerated development in Chile's prolific copper belts.
Company News
Fitzroy Minerals and Fleet Space Technologies Use Machine-Learning to Define 9 Untested Targets at the Buen Retiro Copper Project, Chile
Fitzroy Minerals Raises Over C$1.95 Million Through Full Early Exercise of Warrants
Stonegate Capital Partners Initiates Coverage on Fitzroy Minerals Corp. (FTZ)
Fitzroy Minerals Reports 30.5 metres of 2.48% Cu from Surface and Provides an Update for its Advanced Buen Retiro Copper Project, Chile
Fitzroy Minerals Raises Over c$1.56 Million Through Warrant Exercise
Fitzroy Minerals Reports Copper Recoveries of up to 82.6% from Mini-Column Testing, with Preliminary Larger-Scale Results Trending Higher, at the Buen Retiro Copper Project, Chile
Capital Tides 2026 Sets Sail September 10 with 26 Presenting Companies as Final Investor Seats Open
Fitzroy Minerals Intersects Highest Grade Copper to Date and Extends the Strike Length of the Main Mineralized Trend to 1.9 km at the Buen Retiro Copper Project, Chile
Revised: Deep IP Survey Identifies Multiple Large Chargeability Anomalies Linked to Copper-Molybdenum-Gold Drill Hole Intercepts at the Caballos Copper Project, Chile
Deep IP Survey Identifies Multiple Large Chargeability Anomalies Linked to Copper-Molybdenum-Gold Drill Hole Intercepts at the Caballos Copper Project, Chile
Fitzroy Minerals Engages the Howard Group for Digital Marketing Services
Fitzroy Minerals Intersects 111.9 m at 0.97% Cu from 21.1 m, Including 18.0 m at 1.59% Cu from 84.0 m at the Buen Retiro Copper Project, Chile
Fitzroy Minerals Intersects 59.0 m at 1.73% Cu from 92.0 m, Including 12.0 m at 5.39% Cu from 136.0 m, and Expands the Drill Program to 22,000 m, at the Buen Retiro Copper Project, Chile
Fitzroy Minerals Intersects 78.0 m at 1.70% Cu from 58.0 m, including 40.0 m at 3.02% Cu from 92.0 m at the Buen Retiro Copper Project, Chile
High-Resolution MobileMT Survey Links Multiple Large Conductive Anomalies to Copper-Molybdenum-Gold Drill-Intercepts at The Caballos Copper Project, Chile
Fitzroy Minerals Signs Letter Of Intent with Pucobre S.A and Outlines a Conceptual Joint Development Pathway for the Buen Retiro Copper Project, Chile
Fitzroy Minerals Continues with 2-Rig Definition Drilling, Intercepting 92.5 m at 0.53% Cu from 3.5 m, as it Moves Toward a Maiden Mineral Resource Estimate and Initial Economic Study at the Buen Retiro Copper Project, Chile
Fitzroy Minerals Raises Over C$1 Million Through Warrant Exercise
Fitzroy Minerals Reports Wide Copper Mineralization Intervals from the Buen Retiro Copper Project, Chile, and Provides an Exploration Update
Fitzroy Minerals Intersects 384 m @ 0.23% Cu from 4 m, including 94 m @ 0.33% Cu from 30 m, Buen Retiro Copper Project, Chile