Canstar Resources Inc.
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Juan Carlos Giron
- Full Time Employees
- 10
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 220 Bay Street Toronto ON Canada M5J 2W4
- IPO Date
- Jun 18, 1999
- Website
- canstarresources.com
- Similar Companies
- Business
- Canstar Resources Inc. (TSXV: ROX) is a Canada-based exploration company focused on acquiring, exploring and developing mineral properties rich in critical minerals and gold, primarily in Newfoundland. The company targets volcanogenic massive sulphide (VMS) and orogenic gold deposits, exploring for zinc, copper, lead, silver, gold and antimony; its flagship 100%-owned Golden Baie Project spans 489.5 square kilometres across 38 mineral exploration licenses in south-central Newfoundland's Coast of Bays region, featuring high-grade gold and antimony showings along a major mineralized structure; the Buchans-Mary March projects cover 138.5 square kilometres adjacent to the historic Buchans mining camp, including the western Buchans Property (1,600 hectares across 64 claims) and eastern Mary March Property (10,450 hectares across 418 claims), with potential for high-grade polymetallic VMS deposits; and the Hermitage Property comprises 3,225 hectares across 129 claims in southern Newfoundland. Canstar Resources maintains operations exclusively in Canada, headquartered in Toronto, Ontario, with exploration activities centred in Newfoundland's emerging critical minerals district. In April 2025, the company executed a letter of intent for a $11.5 million strategic joint venture with VMS Mining Corporation, including an initial $500,000 payment received in May 2025 to fund Phase 1 exploration valued at $1.5 million for a 10% interest, escalating to potential 60% ownership through subsequent phases; it also signed a related letter of intent with Khosla Ventures-backed TerraAI in June 2025 to integrate artificial intelligence for target generation and drill optimization at the Buchans and Mary March projects; and in October 2025, Canstar closed an oversubscribed hard dollar financing to strengthen its balance sheet ahead of expanded 2026 exploration programs.
Company News
Canstar Resources Nears Completion of Phase 1 Till Sampling at Its 100%-Owned Skellefte VMS Project in Northern Sweden
Canstar Resources Enters into C$500,000 Director-Related Bridge Facility Secured Solely by Churchill Shares; Existing Bridge Note Repaid and Cancelled
Canstar Announces Proposed Extension of Incentive Warrants
Canstar Resources Intersects 15.6 Metres of Massive Sulphide Grading 2.3% CuEq at Mary March, Including 9.75 Metres at 3.3% CuEq
Canstar Resources Extends Director-Related Bridge Note and Increases Aggregate Principal Cap to C$500,000
Canstar Resources Receives $2.0 Million VMSC Advance, Bringing Total VMSC Funding to $4.0 Million to Advance Mary March Drilling
Canstar Resources Executes Definitive Agreement to Acquire Northern Skellefte (Sweden) VMS Project, Expands Land Package to Approximately 68,000 Hectares
Video - CEO Clips: Canstar Resources: Exploring High-Grade Polymetallic Potential in Newfoundland
VIDEO - BTV Explores Thesis Gold, Lion Copper & Gold, Brixton Metals, North American Iron, Quimbaya Gold, Canstar Resources, Capitan Silver
Canstar Receives Initial Cash and Share Consideration Under Golden Baie Option Agreement
Canstar Options Golden Baie; Will Receive Initial 15.8M Shares and $208K Cash, with Additional Equity Tranches to Follow
Canstar Secures Drill Permit for Mary March, Advances Toward 2026 Drill Program
Canstar Expands Platform with Proposed Acquisition in Sweden's Gold-Rich Skellefte VMS District
Canstar Consolidates Mary March Land Position with Strategic Eagleridge Option
Canstar Finalizes JV with Proven Discovery Leaders
Canstar Enters into Binding Letter of Intent for Golden Baie Transaction, Securing Cash, Equity, Royalty and $5M in Work Commitments to Accelerate Gold-Antimony Exploration in Newfoundland
Couloir Capital is Pleased to Announce That it Has Initiated Research Coverage on Canstar Resources
Canstar Concludes 2025 Field Season, Reports Year-in-Review Milestones, and Advances Winter Technical Program Toward 2026 Drilling
Eric Sprott Announces Changes to His Holdings in Canstar Resources Inc.
Canstar Expands Land Package, Advances Collaboration on AI-Enhanced Exploration at Mary March