- Business
- Silver Grail Resources Ltd. is an exploration-stage junior mining company engaged in the acquisition, exploration, and dealing of mineral properties primarily in the Golden Triangle region of northwestern British Columbia, Canada. The company focuses on precious and base metals, including silver, gold, copper, zinc, cobalt, nickel, magnesium, lead, and molybdenum deposits; its key properties encompass legacy claims such as the Ram property (jointly owned with Teuton Resources Corp.), Tonga, Pacifico (cobalt-manganese on northern Vancouver Island), and others clustered around major deposits like Red Mountain and forming islands within Goliath Resources' holdings. Founded in 1979 and headquartered at 2130 Crescent Road, Victoria, British Columbia, Silver Grail targets high-potential prospects with minimal overhead, directing all saved funds into exploration activities. In recent developments, the company commenced its inaugural 2025 drill program on the Ram property in August, completing over 1,717 meters in six holes targeting magnetic anomalies with visual sulfide mineralization including pyrrhotite, chalcopyrite, and malachite zones, before resuming with a seventh hole; full assay results are anticipated by year-end. Additionally, Silver Grail closed a CAD 996,360 private placement in November 2025 issuing 4,332,000 units at CAD 0.23 each, with notable participation from Eric Sprott via 2176423 Ontario Ltd. acquiring 2,500,000 units, increasing his stake to approximately 11.4% on a non-diluted basis.