- Business
- Playfair Mining Ltd. (TSX-V: PLY) is a Canadian mineral exploration company focused on the acquisition, exploration, and development of natural resource properties primarily targeting gold, copper, nickel, cobalt, tungsten, and zinc deposits; its core assets include the Golden Circle gold project in Nova Scotia, Canada, comprising eight historic gold districts covering multiple properties for bulk tonnage and high-grade gold potential, and the Folldal and Osterdalen nickel-copper-cobalt projects in Norway spanning approximately 297 square kilometers with volcanogenic massive sulfide (VMS) targets, former mines, and drill-ready prospects. The company, founded in 1988 and headquartered in West Vancouver, British Columbia, operates in Canada and Norway, with recent exploration efforts emphasizing soil sampling, AI-identified drill targets, and data compilation for high-quality prospects. In late 2024, Playfair entered an option agreement with ExplORE Resources Limited to acquire 100% of the Golden Circle project, issuing 1,000,000 shares during a 90-day due diligence period and completing an initial $130,000 payment funded by a March 2025 oversubscribed private placement of 11,000,000 shares at $0.025 for $275,000 gross proceeds; the company also returned its Grey River tungsten-gold property in Newfoundland to the province after designating it as exempt mineral land, revoked a cease trade order in August 2025, and continues assessing new opportunities while advancing Norwegian VMS assets including prior RKV copper-nickel-cobalt holdings.