- Business
- Pacific Ridge Exploration Ltd. (TSXV: PEX) is a Canada-based mineral exploration company focused on copper-gold porphyry projects in British Columbia and expanding into the United States. The company acquires, explores and develops resource properties targeting copper and gold deposits; its flagship Kliyul copper-gold project, located in the prolific Quesnel terrane, spans over 90 square kilometers with an initial mineral resource estimate released in August 2025; additional core assets include the RDP copper-gold project, Chuchi copper-gold project, Onjo copper-gold project, and Redton copper-gold project, all in British Columbia, alongside a portfolio of Yukon gold projects such as Mariposa, Eureka Dome, and Gold Cap.
Founded in 1979 and headquartered in Vancouver, British Columbia, the company operates primarily in mining-friendly jurisdictions in Canada and the United States, with projects situated on Bureau of Land Management or patented land where applicable; it serves institutional investors and partners in the precious and base metals sectors.
A Fiore Group company since June 2025, Pacific Ridge has pursued aggressive expansion, including option agreements announced January 8, 2025, with Bronco Creek Exploration Inc. (a subsidiary of EMX Royalty Corporation) to acquire 100% interests in four U.S. projects: the Mineral Hill gold project in Wyoming, Red Star copper project in Utah, Ripsey West copper project in Arizona's Copper Belt, and Royston copper project in Nevada's Walker Lane Trend.
Recent financings include an oversubscribed brokered private placement closed June 4, 2025, raising over C$3.0 million for RDP drilling, and a final tranche closed September 26, 2025, for aggregate gross proceeds of C$4.65 million to support Kliyul and RDP programs; the company plans to spin out its Yukon gold projects into a new entity in the first half of 2025 and seek joint venture partners for Kliyul.
Significant 2025 drilling achievements encompass 289 meters of 0.77% copper equivalent at Kliyul in November, 154.7 meters of 0.63% copper equivalent expanding mineralization northwest, and 112.2 meters of 1.35% copper equivalent at RDP in October, alongside filing of an NI 43-101 technical report for Kliyul in September.