- Business
- Prospector Metals Corp. is a Vancouver, Canada-based mineral exploration entity, actively engaged in the identification, evaluation, and advancement of precious and base metal properties across established mining regions in Canada and the United States. Incorporated in 2007 and formerly known as Ethos Gold Corp. until its rebranding in April 2022, the company's efforts are concentrated on uncovering commercially viable deposits of gold, silver, copper, and vanadium. The company maintains a diverse portfolio of district-scale, early-stage projects. Its flagship ML Project, encompassing 10,869 hectares within Yukon's prolific Tintina Gold Belt, has recently yielded significant high-grade gold and copper discoveries, notably the TESS Zone, with drill intercepts averaging 13.79 g/t gold and 1.84% copper over 44 meters. Prospector also holds a 100% interest in the 12,200-hectare Devon project in Ontario, targeting copper and nickel. Furthermore, it has an earn-in interest in the 22,900-hectare Savant Gold Project in northwestern Ontario, an area exhibiting high-grade gold mineralization over a broad zone, which has recently been optioned to BeMetals Corp. through a definitive agreement. Other notable properties include the Whitton Lake claim block in Ontario, the Toogood claim in Newfoundland, and the Iron Point Project in Nevada. Prospector Metals focuses on unearthing value in underexplored mineral districts that exhibit geological similarities to more mature mining operations. As a member of the Discovery Group, the company leverages a technically driven approach, deploying in-house geoscientists to pursue greenfield projects. Recent corporate activities include a substantial $38 million non-brokered private placement in November 2025, significantly bolstering working capital. This financing notably saw B2Gold Corp. increase its strategic stake to 19.9% and join a technical committee to advise on the ML Project's development, underscoring a key strategic partnership. The company also initiated drilling on its Devon Cu-Ni Project in Ontario in October 2025.