American Eagle Gold(TSXV:AE)

American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada.

Investor website: https://americaneaglegold.ca/

About

American Eagle is dedicated to advancing its NAK copper-gold porphyry project in west-central British Columbia, Canada. The Company will benefit from over $55 million, bolstered by four key shareholders, including two major mining companies, and large strategic investors Eric Sprott and Ore Group. With substantial financial and technical resources, American Eagle is well-positioned to drill, de-risk, and define the full potential of the NAK copper-gold porphyry project.

Verified company data

Cash position
~$25M (March 2026)
Shares outstanding
173.4M
Fully diluted shares
193.1M
Mineral resource
The NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960's, revealed compelling near surface porphyry copper and gold mineralization, but subdued metal prices and difficult access resulted in the project seeing no significant work between 1996 and 2022, when American Eagle Gold assumed ownership of the property. Since 2022, over 60,000 m have been drilled, greatly expanding upon the historically delineated mineralization, discovering discrete high-grade zones enveloped by a very broad mineralization footprint, now extending over 1.5 x 1.7 km. The tenor and scale of mineralization at NAK sets it apart from its peers in the district, with abundant bornite, chalcocite, and chalcopyrite encountered from surface to depths greater than 800 m. The results of American Eagle Gold's drilling at NAK have attracted numerous large investments from major mining companies Teck and South 32, as well as a recent strategic investment by Eric Sprott. American Eagle Gold is now focused on rapidly advancing discovery at NAK, with an anticipated 50,000 m and year-round drilling planned for 2026, and a view to formal resource definition and PEA studies at the conclusion of the 2026-2027 drill season.
Projects
["## Golden Gate Project\n\n### History\n\nGolden Gate is immediately adjacent to the 15,000,000 ounce Goldrush deposit which is owned by Nevada Gold Mines, the joint venture between Barrick (ABX:TSX) and Newmont (NGT:TSX).\n\nIn July, 2020, American Eagle Gold entered into an agreement to acquire the Golden Trend Project in the Cortez Trend district of Nevada from Rubicon Resources Inc. (\"Rubicon\"). Previous to Rubicon Resources, Kinross Gold owned the project but only drilled two exploration holes. Despite having numerous owners in the past, the property remains relatively unexplored with next to no historical drilling at depth.\n\nIn June, 2021, American Eagle Gold completed a purchase agreement for the Garden Gate Pass (\"Garden Gate\") property in the Cortez mining district, Nevada, USA. Garden Gate is a contiguous expansion of the Company's flagship Golden Trend property (\"Golden Trend\") and more than triples its land package (2,225 acres to 7,574 acres) immediately south of Barrick and Newmont's Cortez joint venture. This is how American Eagle's Garden Gate and Golden Trend became referred to as the Golden Gate Project (\"Golden Gate\").\n\n### Location\n\nThe company’s philosophy is to be located in one of the most prolific and investor-friendly gold jurisdictions in the world, Nevada.\n\nThe Golden Gate property is sought-after real estate, given it is strategically located within the prolific Battle Mountain – Eureka trend. The Golden Gate property spans 7,574 acres and lies immediately adjacent to the Goldrush deposit property and directly south of, and along the same structure as Barrick's Cortez mine. The Company believes that different Golden Gate shares similar geology to both Barrick's Goldrush and Cortez Hills deposits.\n\n### Property Geology\n\nThe Golden Gate property is centred on an exposure of the upper plate siliclastic rocks of the Vinini Formation hat is bounded by the Cortez fault system to the west and the Northern Nevada Rift to the east. A series of northeast trending, steeply dipping reverse faults transect the property and are coincident with anomalous, albeit low level, gold, arsenic and mercury soils suggesting these structures provided channel ways for mineralized hydrothermal fluids.\n\nThe presence of lower plate carbonaceous lithologies that host the major Goldrush, Cortez and Pipeline deposits has been noted in a single drill hole collared near the northern boundary of the claim block. The confirmation of Carlin-style host rocks, the diagnostic chemical signature and proximity to known multi-million ounce deposits all suggest the Golden Gate property is worthy of additional exploration work.\n\nFuture exploration will focus on defining deep drill targets by analysing the relationship between the productive structures, geochemical anomalism and possible geophysical signature of buried Carlin-style deposits.\n\n### Technical Reports\n\n- [Golden Trend 43-101](https://americaneaglegold.ca/site/assets/files/3234/technical_report_on_the_golden_trend_final_clean_v2.pdf)\n\n## NAK Property\n\n### About NAK\n\nThe NAK Project lies within the Babine copper-gold porphyry district of central British Columbia. It has excellent infrastructure through all-season roads and is close to the towns of Smithers, Houston, and Burns Lake, B.C., which lie along a major rail line and Provincial Highway 16. Historical drilling and geophysical, geological, and geochemical work at NAK, which began in the 1960's, revealed compelling near surface porphyry copper and gold mineralization, but subdued metal prices and difficult access resulted in the project seeing no significant work between 1996 and 2022, when American Eagle Gold assumed ownership of the property. Since 2022, over 60,000 m have been drilled, greatly expanding upon the historically delineiated mineralization, discovering discrete high-grade zones enveloped by very a broad mineralization footprint, now extending over 1.5 x 1.7 km. The tenor and scale of mineralization at NAK sets it apart from its peers in the district, with abundant bornite, chalcocite, and chalcopyrite encountered from surface to depths greater than 800 m. The results of American Eagle Gold's drilling at NAK have attracted numerous large investments from major mining companies Teck and South 32, as well as a recent strategic investment by Eric Sprott. American Eagle Gold is now focused on rapidly advancing discovery at NAK, with an anticipated 50,000 m and year round drilling planned for 2026, and a view to formal resource definition and PEA studies at the conclusion of the 2026-2027 drill season.\n\n### NAK Technical Webinar - Steve Garwin\n\nNAK Copper Project: Expert Analysis Webinar by Renowend Geologist Steve Garwin - [Watch here](https://www.youtube.com/watch?v=CxVtw3Csp_Q&ab_channel=TheOreGroup)\n\n### NAK Project - Technical Presentation\n\n- [NAK Technical Presentation - Steve Garwin May 2025](https://americaneaglegold.ca/site/assets/files/3759/1_nak_american_eagle_gold_garwin_may2025.pdf)\n\n## Cerros Rojos Project\n\n### Location\n\nThe Cerros Rojos Property is 50km south of Newmont Gold’s Long Canyon mine in eastern Nevada and 72km west of Kinross's Alligator Ridge deposit and 56km north of its Kinsley Mt. Deposit.\n\nOur team believes that Cerros Rojo’s geology is similar to that of Kinross's Alligator ridge and Newmont's Long Canyon deposit. Cerros Rojos has historical near-surface oxidized gold drill intercepts, that indicate the potential for the emergence of a new ore body. The discovery hole on the Cerros Rojos property intersected 12m @ 0.7 g/t of oxide gold-bearing mineralization starting from the surface. It is believed that the system is structurally controlled, extending along with low-angle structures to the west beneath the overlying Devonian Joana limestone. The initial focus of the exploration will be Carlin-style deposits.\n\n### Property Geology\n\nIt was also determined that the mineralization at Cerros Rojos is hosted by the Devonian/Mississippian Pilot shale near the contact with the underlying Devonian Guilmette Formation. This geologic setting and mineralization are identical to that of the Alligator Ridge complex of deposits that produced in excess of 5 million ounces of gold."]
Leadership
Anthony Moreau CFA CEO and Director Anthony Moreau, CEO and Director of American Eagle Gold, also serves as a Director of QC Copper & Gold, Orecap Invest, and Mistango River Resources. Formerly with IAMGOLD, where he held various roles, including in Business Development and Innovation. Anthony is also the leader of the Young Mining Professionals Toronto. He also co-founded the YMP Scholarship Fund, which has raised over $1.25 million since its inception seven years ago. Tony is a Queen’s School of Business graduate and a Chartered Financial Analyst (CFA). Stephen Stewart M.Sc., MBA Chairman Stephen Stewart is the Founder and Chairman of Ore Group, a private natural resource consortium dedicated to the discovery, development, and advancement of metals projects. He also serves as Chairman of several public companies, including Orecap Invest, XXIX Metal, American Eagle Gold, Geiger Energy, Mistango River Resources, Metal Energy, Auriginal Metals and Awalé Resources. Beyond his corporate roles, Stephen is the Founder and Chairman of the Young Mining Professionals Scholarship Fund, the largest mining-focused charitable organization supporting education in mining engineering and geology. He also founded YMP Toronto and the YMP Global Group, helping to build a global network for the next generation of mining leaders. Stephen holds a Bachelor of Arts from the University of Western Ontario, a Master of Business Administration from the Rotman School of Management at the University of Toronto, and a Master of Science from the University of Florida. Joel Friedman CPA, CA CFO Joel is a finance professional with over 13 years of experience working in the mining and cannabis industries. Most recently, Joel served as the CFO of Khiron Life Sciences Corp, prior to this, he was Vice President, Finance at CannTrust Inc., and Director of Finance at Primero Mining Corp. and senior finance roles at Banro Corporation and Iamgold Corporation. Mr. Friedman began his career at Deloitte in the Real Estate and Resources group, where he worked with a variety of publicly listed clients throughout the mining lifecycle, from exploration to multi-asset operators. Mr. Friedman holds a CPA, CA and Honours Bachelor of Business Administration from the Schulich School of Business at York University, Canada. Mark Bradley B.Sc., M.Sc., P.Geo. Lead Technical Advisor Mr. Bradley, P.Geo holds a B.Sc. in Geology, a M.Sc. in Economic Geology and has over 35 years of experience in the mining exploration and development business. Mark was Barrick Gold's Cortez Project team leader during the discovery and definition of Barrick Gold's multi-million-ounce Goldrush deposit. Cortez and Goldrush are located just some five km to the northwest and north respectively of American Eagle Gold's Golden Trend project. For this discovery, he was a co-recipient of the prestigious Thayer Lindsley Award for International Mineral Discovery from the Prospectors and Developers Association of Canada. During the Goldrush discovery program, he guided and managed the Cortez exploration team of 20+ geologists and over two hundred contracting personnel.

Verified data last updated: 2026-05-15

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