- Business
- Rambler Metals and Mining Plc operates as a junior mining company focused on the exploration, development, and production of copper and gold deposits in Canada. The company holds 100% ownership of the Ming Copper-Gold Mine located on the Baie Verte Peninsula in Newfoundland and Labrador; it also maintains interests in the Little Deer and Whales Back copper mines near Springdale, Newfoundland, and explores for silver and cobalt properties. Principal products include high-grade copper concentrate containing saleable copper and gold metals processed at the Nugget Pond milling facility and shipped via the Goodyear's Cove storage facility; operations target volcanogenic massive sulphide deposits within the Cambrian Rambler Rhyolite formation, with a historical life-of-mine plan extending to 2037 producing approximately 312 million pounds of copper and 57 thousand ounces of gold. Founded in 2004 and headquartered in Richmond upon Thames, Surrey, United Kingdom, Rambler serves base metals markets in politically stable jurisdictions, primarily Atlantic Canada. In recent developments, the company entered compulsory liquidation on 9 August 2023 following insolvency proceedings initiated in April 2023; its Canadian subsidiaries, Rambler Metals and Mining Canada Limited and 1948565 Ontario Inc., commenced CCAA protection on 27 February 2023 with operations shifted to care and maintenance by 30 March 2023; AIM listing of ordinary shares was cancelled on 28 April 2023, and the entity was formally dissolved on 8 April 2025.