- Business
- New Klondike Exploration Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company holds a 100% interest in the Goldstorm project comprising two mining claims in Ontario targeting gold and base metals; the Santa Maria project consisting of one claim in Ontario; and the Nickel Offsets project including 15 unpatented and 11 patented claims located in Foy Township, Sudbury Mining Division, Ontario, which represents its flagship past-producing nickel asset. Founded in 1948 as United Reef Limited and renamed New Klondike Exploration Ltd. in August 2012, the company is headquartered at 88 Scott Street, Suite 3704, Toronto, Ontario, and focuses on junior exploration activities within the Canadian minerals sector. In recent developments, New Klondike announced a private placement financing in December 2022 to support exploration efforts and expects to receive approximately CAD 0.18 million in funding from investors including Weyrauch And Associates Inc. and AAK Capital Holdings Inc., reflecting ongoing efforts to advance its property portfolio amid minimal revenue generation and a market capitalization of approximately US$247 as of mid-2025.