RooGold Inc.
ROO.CN
Canadian Securities Exchange0.02
CAD
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RooGold Inc.
ROO.CN
(Canadian Securities Exchange)
Recent
price
0.02
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ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Metalite Resources Inc., formerly RooGold Inc., is a Canadian junior mineral exploration company engaged in the acquisition, exploration and development of mineral properties primarily targeting gold, silver, antimony, critical metals including iron, titanium and vanadium, and uranium; its key assets include the Arthurs Seat project, a 42 square kilometer antimony-rich gold and silver property with seven historical mines and prospects such as the Murray & Co. Mine in the New England Orogenic Terrane of New South Wales, Australia, and an interest in the Titan Project comprising approximately 5,445 hectares of patented and unpatented claims in Flett and Angus townships, Ontario, Canada, hosting an inferred resource of 46 million tonnes grading 48.32% Fe with magnetite-rich mineralization prospective for iron, titanium and vanadium. The company operates in Australia and Canada, serving the precious and base metals sectors with early-stage exploration focused on high-grade historical targets and critical minerals for energy transition applications. Incorporated in 2019 and headquartered in Toronto, Canada, Metalite maintains a portfolio of district-scale concessions with limited modern drilling, including extensions of prolific mineralized corridors. Recent developments include a name change from RooGold Inc. in March 2023 and trading symbol shift to METL.CN; a January 2024 non-binding letter of intent to acquire a 20% interest in the Titan Project via CAD$800,000 in exploration expenditures by year-end and potential full acquisition of Cachee Gold Mines Corp., accompanied by an $800,000 private placement; renewal of the Arthurs Seat exploration license in July 2025 highlighting antimony potential; a July 2025 1-for-10 share consolidation; appointment of a new CFO in June 2025; and a strategic expansion into uranium via acquisition announced in December 2024.