- Business
- Forty Pillars Mining Corp. is a Vancouver-based mineral exploration company focused on the acquisition, evaluation, and exploration of precious and base metal properties primarily in Canada. Founded in 2021 and headquartered at Suite 488, 625 Howe Street, Vancouver, British Columbia, the company holds a 100% interest in the flagship Silver Dollar project comprising 3,345 hectares in the Revelstoke Mining District of British Columbia, which covers 10 kilometers of the prospective Camborne Fault System hosting historic high-grade gold, silver, lead, and zinc mineralization; the adjacent Beatrice property in British Columbia; Quebec claims acquired via Tamed Mining Corp.; and an option to earn 100% of the Val-d'Or North property in Quebec by issuing 5 million shares and incurring $3 million in expenditures over two years, subject to a 3% net smelter return royalty. It explores for gold, silver, lead, copper, and zinc deposits across these assets, targeting junior mining investors through operations in British Columbia, Quebec, and previously Idaho. Recent developments include the October 2024 acquisition of Tamed Mining Corp. for 10 million shares, adding Quebec and Idaho claims (with Idaho claims later impaired and lapsed); the October 2024 Val-d'Or North option agreement with Abitibi Metals Corp.; a late-season 2024 exploration program on Silver Dollar yielding high-grade rock samples; private placements raising $485,000 in 2024; and the grant of 315,000 stock options and 100,000 restricted share units in December 2024.