Stratabound Minerals Corp.
SB.V
Toronto Stock Exchange Ventures0.03
CAD
+0.01
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Stratabound Minerals Corp.
SB.V
(Toronto Stock Exchange Ventures)
Recent
price
0.03
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
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- Stratabound Minerals Corp. (TSXV:SB, OTCQB:SBMIF), now operating as Lode Gold Resources Inc. following a name change in January 2024, is a Canadian mineral exploration and development company focused on acquiring, exploring, and advancing high-potential gold projects and base metal deposits in premium North American mining districts. The company holds a portfolio of properties including its flagship Fremont Gold Project in Mariposa County, California, covering 3,351 acres of patented land along the historic Mother Lode Gold Belt with an NI 43-101 mineral resource estimate of 1.16 million ounces gold at 1.90 g/t in the Indicated category (19.0 million tonnes) plus 2.02 million ounces at 2.22 g/t in the Inferred category (28.3 million tonnes); the Golden Culvert and WIN projects in Yukon Territory spanning 99.5 square kilometers across a 27-kilometer strike in the southern Tombstone Gold Belt, targeting reduced intrusion-related gold systems (RIRGS) with recent identification of high-priority targets like Steelhead; the McIntyre Brook Project in New Brunswick covering 445 square kilometers along a 25-kilometer strike in the emerging Triple Fault Gold Belt, including a joint venture with Fancamp Exploration forming Acadian Gold JV for 420 square kilometers across McIntyre Brook and Riley Brook properties focused on the Wapske Formation; the Captain Copper-Cobalt-Gold-Silver Deposit in the Bathurst base metal district of New Brunswick; and the Dingman Gold Project in Ontario comprising 19 mineral claims over 200.6 hectares. A March 2023 preliminary economic assessment (PEA) for Fremont outlines an 11-year mine life with average annual production of 118,000 ounces gold, peak production of 157,000 ounces in year four, after-tax NPV5% of US$217 million at US$1,750 per ounce gold, 21% IRR, initial capital of US$203 million, average cash costs of US$924 per ounce, and all-in sustaining costs of US$1,162 per ounce, based on processing 2.19 million tonnes annually at 2.4 g/t recovery of 75.4%; the company filed the supporting NI 43-101 technical report in August 2024. Recent developments include a January 2024 non-brokered financing of $1.5 million; attraction of strategic investors such as the Tomlinson Group as the second-largest shareholder alongside Coast Capital Management in early 2024; completion of option payments securing 100% ownership of Golden Culvert and related claims by April 2023; a QMAGT survey in summer 2024 identifying new RIRGS targets at WIN including Steelhead; addition of 5,000 historical channel samples to support an upgraded Fremont resource estimate; appointment of Bill Fisher as Chair of the Gold Orogen Technical Committee; and a planned spin-out of orogenic gold assets into a new entity called Gold Orogen Resources to unlock value, with new websites lode-gold.com and goldorogen.com launched as part of 2024 restructuring and growth strategy. Headquartered in Toronto, Ontario, and founded in 1986, the company targets orogenic and intrusion-related gold systems as well as critical minerals like copper, cobalt, lead, zinc, and silver for junior miners, institutional investors, and strategic partners across Canada and the United States.