- Business
- Terra Balcanica Resources Corp. (CSE:TERA) is a Canada-based polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and northern Saskatchewan, Canada. The company holds a 90% interest in the flagship Viogor-Zanik Project, comprising two mineral exploration licenses (Cumavici and Olovine) totaling approximately 168 square kilometers in eastern Bosnia and Herzegovina, where it explores for gold, silver, copper, lead, zinc and antimony deposits; owns 100% of the Ceovishte mineral exploration license in southern Serbia targeting zinc, silver, copper and gold; and maintains a 100% optioned portfolio of uranium-prospective licenses on the outskirts of the Athabasca Basin in Canada, including Charlot-Neely Lake, Fontaine Lake, Snowbird and South Pendleton properties. Headquartered in Vancouver, British Columbia, the company was founded in 2020 and operates primarily in Bosnia and Herzegovina, Serbia and Canada, emphasizing responsible community engagement, Good International Industry Practice and sustainable health, safety and environmental management. In July 2025, Terra Balcanica exercised the first year of its option agreement with Fulcrum Metals to acquire 100% interest in the Canadian uranium portfolio; closed the first tranche of a financing round with participation from Dundee Corporation while extending its LIFE offering to fund Phase III drilling at Viogor-Zanik's Brezani target; and welcomed Dundee Precious Metals' acquisition of Adriatic Metals' Vares project in Bosnia, underscoring regional potential.