- CEO
- Fred Antonio-C. Tejada
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 789 West Pender Street Vancouver BC Canada V6C 1H2
- IPO Date
- Feb 10, 2012
- Business
- MegumaGold Corp. MegumaGold Corp. (CSE: NSAU, OTC: NSAUF), a Canadian junior gold exploration company, engages in the acquisition, exploration, and development of precious metal properties, primarily gold deposits, within the Meguma geological formation in Nova Scotia; its principal historical asset was the Meguma gold project encompassing 6,723 mineral claims covering approximately 108,845 hectares in Nova Scotia and additional tenures in Newfoundland. The company retains ownership of the ElmTree Project and the Genius Option Agreement following the transfer of its primary Nova Scotia and Newfoundland mining properties to Maritimes Gold JV Corp., a subsidiary of Maritimes Gold Corp., in exchange for a 20% carried equity interest under a definitive agreement effective October 17, 2024, which includes board representation rights, protection from dilution until US$40 million in funding is raised, and a conditional reclamation option if US$5 million is not secured within four years. Incorporated in 1989 and formerly known as Coronet Metals Inc. until its name change in June 2018, MegumaGold Corp. is headquartered at 1075 West Georgia Street, Suite 1890, Vancouver, British Columbia, V6E 3C9, Canada, and maintains operations focused on eastern Canada while pursuing new business opportunities amid a challenging capital environment. In April 2025, the company announced a 1-for-100 share consolidation effective April 10, 2025, reducing outstanding shares from 220,337,723 to approximately 2,203,377 to streamline its capital structure, enhance attractiveness to strategic investors, and align with industry norms for development-stage explorers; it also reported a board change with Mike Taylor's resignation on April 3, 2025. As an exploration-stage entity targeting gold endowments in structurally favorable corridors, MegumaGold Corp. serves investors seeking exposure to undervalued junior mining assets in emerging gold camps, with current assets of $81,826 and liabilities of $1,522,870 as of December 31, 2024.