- Business
- Newfoundland Discovery Corp. is a junior mineral exploration company focused on the acquisition, evaluation, exploration and development of precious metals and lithium properties primarily in Canada. The company holds a diversified portfolio of projects including the Rodger's Cove gold property in Newfoundland straddling the Appleton and JBP faults within the Central Newfoundland Gold Belt; the Newland property bolstering its position in Ontario's Quetico Subprovince lithium belt; the Sugaree Lithium Project comprising 340 claims over 2,376 hectares in the Quetico Subprovince, Ontario; the Bursey property in Newfoundland; and additional gold and lithium assets in Quebec's Chapais-Chibougamau area such as the former JMW, Maxwell and Schefferville properties, as well as the Salt property. It operates in mining-friendly jurisdictions across Newfoundland and Labrador, Quebec, British Columbia, and Ontario, targeting high-grade gold and lithium deposits through till sampling, geophysical surveys, diamond drilling and regional exploration programs. Founded in 1977 and headquartered in Vancouver, British Columbia, the company was formerly known as Great Thunder Gold Corp. prior to its name change in September 2021. Recent developments include a share consolidation and change of officer in 2025; termination of option agreements for the Goldson, Maxwell, JMW and Schefferville properties; 100% earn-in of the Rodger's Cove Project with identification of three major gold anomalies; closure of the Sugaree, Chubb and Bouvier lithium property transactions; expansion of its Hearst lithium district holdings nearly fourfold; board changes and leadership transition under CEO Jeremy Prinsen; and a $1.5 million financing led by Eric Sprott in 2023.