Newmac Resources Inc.
NEWRF
Other OTC0.05
USD
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Newmac Resources Inc.
NEWRF
(Other OTC)
Recent
price
0.05
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Newmac Resources Inc. (TSX-V:NER, OTC:NEWRF) is a Canada-based junior mineral exploration company focused on the acquisition, exploration, evaluation, and development of mineral resource properties in British Columbia. The company holds interests in the Crazy Fox Property, a molybdenum-tungsten project located approximately 100 kilometers north of Kamloops; Raft Property, targeting molybdenum and base metals near Clearwater; and other historical exploration sites including Ready Mix, Bluff, Chilanko, and Moira properties, which feature potential for gold, copper, molybdenum, tungsten, and associated minerals. Newmac Resources assembles and advances a portfolio of early-stage to advanced exploration projects targeting porphyry molybdenum, tungsten, gold, and polymetallic deposits; conducts geophysical surveys, soil sampling, trenching, and diamond drilling programs; and evaluates new mineral property opportunities primarily in south-central British Columbia, with operations concentrated in Canada. Founded prior to 2005 and headquartered at 2605 Jane Street, Port Moody, British Columbia, the company operates solely within the Canadian geographic segment, serving institutional and retail investors interested in junior mining exploration. Key management includes Hanxin (Harrison) Wu as CEO and Chairman, Valent Chan as CFO until his resignation in June 2025, Karmen Wu as Director, and David Bridge as Vice President of Exploration. Recent developments include the termination of a proposed reverse takeover by SignalChem Lifesciences Corporation in December 2022 following an arm's-length agreement entered in February 2022 and a letter of intent signed in May 2021; transfer of listing from TSX Venture Exchange to NEX in March 2024; filing of a Notice of Civil Claim against SignalChem in December 2023; amendments to the MD&A for the year ended September 30, 2024 announced in February 2025; and ongoing compliance with management cease trade orders stemming from delayed financial filings. The company has no active producing mines or subsidiaries and maintains a dormant exploration profile amid regulatory and legal challenges.