South Pacific Metals Corp.
SPMC.V
Toronto Stock Exchange Ventures0.81
CAD
+0.01
- -
South Pacific Metals Corp.
SPMC.V
(Toronto Stock Exchange Ventures)
Recent
price
0.81
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- South Pacific Metals Corp. is a Vancouver, Canada-based mineral exploration company focused on the acquisition and exploration of gold-copper properties in Papua New Guinea, with operations centered on the Osena, Anga, Kili Teke and May River projects; its portfolio includes multi-stage exploration programs, historical drilling, district-scale discovery upside and one inferred mineral resource at Kili Teke. The company was incorporated on July 4, 2018, and is headquartered in Vancouver, British Columbia. South Pacific Metals holds its PNG assets through wholly owned subsidiaries, including Kainantu Resources Limited in Papua New Guinea and Kainantu Resources Pte Ltd. in Singapore. Its principal product and service offering is the exploration and advancement of copper-gold mineral properties, including surface sampling, trenching, drilling, geological mapping and target definition across its land package in PNG. In recent developments, the company has advanced exploration at Kili Teke, commenced a maiden drilling program at Ontenu Northeast, reported new high-grade gold and copper assay results at Ontenu and Megabe, and expanded field work across its PNG portfolio. It also completed a C$9.2 million marketed equity offering in December 2025 led by BMO Capital Markets and, in September 2026, announced a further marketed equity offering of up to C$15 million with BMO Capital Markets, Paradigm Capital Inc. and Velocity Capital Partners. In addition, the company disclosed a marketing services arrangement with i2i Marketing Group and earlier engaged marketing and advertising services providers to support investor outreach.