Elevation Gold Mining Corporation
OOTC:EVGDQ0.00
USD
+0.00
(-99.00%)
Elevation Gold Mining Corporation
OTC:EVGDQ
(OTC Markets)
Recent
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Elevation Gold Mining Corporation is a junior precious metals mining, exploration, and development company focused on the acquisition, exploration, extraction, and processing of mineral properties in North America. The company's primary business activities and product offerings encompass the production and commercial sale of gold and silver bullion; open-pit extraction and heap leach recovery of precious metals; smelting and production of gold-silver doré bars for global refining and industrial markets; mineral resource exploration and geological mapping; diamond and reverse-circulation exploration drilling; mineral deposit appraisal, metallurgical testing, and assaying; mine design, feasibility analysis, and development engineering; and environmental compliance, site monitoring, and reclamation services. Historically centered on precious metal assets in the southwestern United States, the company's asset base comprised the flagship Moss Mine, an open-pit heap leach gold and silver operation situated in the Oatman Mining District in Mohave County, Arizona, as well as the Hercules exploration project located along the Walker Lane trend in Lyon County, Nevada. Founded in 2007 under the predecessor name Northern Vertex Mining Corp. and rebranded as Elevation Gold Mining Corporation in September 2021, the company is headquartered in Vancouver, British Columbia, Canada, and operated its mining assets through subsidiaries including Golden Vertex Corp. and Eclipse Gold Mining Corporation. In recent major corporate developments, Elevation Gold Mining Corporation and its operating subsidiaries filed for creditor protection under the Companies' Creditors Arrangement Act (CCAA) in the Supreme Court of British Columbia, which subsequently obtained Chapter 15 foreign main proceeding recognition in the United States Bankruptcy Court for the District of Arizona. Under the supervision of court-appointed monitor AlixPartners, the company executed a court-approved sales and restructuring process that resulted in the divestiture of its flagship Moss Mine and associated operational assets to Mako Mining Corp., following Mako Mining Corp.'s acquisition of the company's senior secured debt facilities. Concurrently, the company discontinued active commercial extraction operations, shifted its corporate activities toward judicial restructuring and creditor claim settlements, and its common equity transitioned to quotation on the Expert Market under the ticker EVGDQ.