Stelmine Canada

Stelmine Canada Ltd. is a publicly traded junior mineral exploration company focused on identifying and developing gold and strategic mineral deposits in Québec, Canada. Incorporated in 2005 under the Canadian Business Corporations Act, the company has concentrated its efforts on pioneering a new gold district, Caniapiscau, located east of James Bay in the under-explored eastern regions of the Opinaca metasedimentary basin and the Ashuanipi Complex. Stelmine's business model is centered on the acquisition, exploration, and potential development of its mining properties, with a core strategy of discovering economically viable mineral reserves. The company operates as a pre-revenue exploration entity, financing its activities through the issuance of shares and private placements.

The company is helmed by a team with notable experience in Québec's resource sector. Isabelle Proulx has been the President and CEO since December 2016. Her background includes a Bachelor in Business Administration and a role as co-founder and Vice-President of Business Development for the oil company Pétrolia, where she gained ten years of experience. This history in resource development, including project social acceptability, informs her leadership at Stelmine. She is joined by André Proulx, who serves as Chairman of the Board. A seasoned businessman in Québec resource development, André Proulx has founded two other mining companies and an oil company (Pétrolia) since 1991. In April 2024, Christian de Saint-Rome, a mining executive with over 25 years of experience in international exploration and capital markets, was appointed interim President and CEO.

Stelmine holds 100% ownership of a significant land package in northern Québec, comprising 1,815 claims that cover approximately 933 square kilometers. The company’s primary assets are the Courcy and Mercator projects. The Courcy property has shown promising drill results, including intersections with visible gold. The Mercator project features a 2.5 km long gold-rich area known as the Meridian Zone, which the company believes could host a large-tonnage deposit. Exploration work at Mercator has yielded significant gold values in channel samples and drilling campaigns. Beyond gold, Stelmine is diversifying its portfolio to include strategic and critical metals like lithium, copper, and zinc, initiating exploration on new properties such as Atanau, Nikan, and Mishtik. The company's exploration methodology involves geological mapping, till and rock geochemistry, and geophysical surveys to define drilling targets, adhering to a strict QA/QC protocol.

Keywords: junior mining, gold exploration, mineral exploration Quebec, Caniapiscau gold district, Opinaca basin, Ashuanipi Complex, Stelmine Canada, TSXV STH, Courcy project, Mercator project, precious metals, strategic metals, mining claims, resource development, public mining company, Isabelle Proulx, André Proulx, mineral reserves, Canadian exploration, gold deposits, Northern Quebec mining