- CEO
- Paul L. Jones
- Full Time Employees
- 8
- Sector
- Basic Materials
- Industry
- Industrial Materials
- Address
- 66 Wellington Street West Toronto ON Canada M5K 1B7
- IPO Date
- Oct 27, 2008
- Business
- Nuinsco Resources Limited Nuinsco Resources Limited is a growth-oriented, multi-commodity mineral exploration and development company with over 50 years of exploration success, focusing on precious and base metals as well as critical minerals in Canada and internationally. The company engages in the acquisition, exploration, and evaluation of mineral properties, primarily targeting gold; phosphate; rare earth elements including neodymium, praseodymium, scandium, cerium, lanthanum, samarium, and yttrium; niobium; tantalum; and other commodities such as lithium, rubidium, and uranium. It holds 100% interests in key projects including the Prairie Lake critical minerals project near Terrace Bay, Ontario, featuring a mineral resource estimate of approximately 900 million tonnes (15.6 million tonnes indicated and 871.8 million tonnes inferred at a 2% P2O5 cut-off); the high-grade Sunbeam gold prospect near Atikokan, Ontario, on which it retains a net smelter return royalty following an option agreement with First Class Metals PLC; the Dash Lake gold project near Fort Frances, Ontario; and the Zig Zag Lake property (lithium, tantalum) near Armstrong, Ontario, also optioned to First Class Metals PLC; as well as the el Sid gold project in Egypt for exploiting gold-mineralized dumps and tailings with near-term revenue potential. Founded in 1979 as the successor to New Insco Mines Ltd. and headquartered in Toronto, Ontario, Nuinsco Resources Limited operates principally in Ontario with additional international exposure in Egypt. Recent developments include an ongoing infill sampling program at Prairie Lake to upgrade portions of the 515-630 million tonne exploration target toward a mineral resource, identification of a higher-grade domain (5.9% P2O5 inferred, 5.8% indicated at 5% cut-off with elevated rare earth grades), advancing metallurgical studies confirming clean phosphate and rare earth co-concentrates plus niobium potential, revocation of a failure-to-file cease trade order in February 2025, closure of a private placement in January 2025, and announcement on November 7, 2025 of a new non-brokered private placement of up to 100 million flow-through and common shares at CAD 0.005 to fund Prairie Lake advancement and general corporate purposes, expected to close around December 4, 2025.