# Prospector Metals Corp. (TSXV:PPP)

> Prospector Metals Corp.

## About

Prospector Metals Corp. is a proud member of Discovery GroupTM focusing on district scale, early-stage exploration of gold and base metal prospects. The Company creates shareholder value through new discoveries and identifies underexplored or overlooked mineral districts. Currently, Prospector is concentrating on its ML Project in the Yukon, where it has discovered a high-grade gold-copper-silver zone. The Company has also announced a transaction to sell its non-core Eastern Canadian assets to BeMetals Corp. in exchange for shares, which will be distributed to shareholders on a pro-rata basis. Prospector seeks to develop mutually beneficial partnerships with local and Indigenous rightsholders.

## Key facts

- **Cash position:** $43M
- **Shares outstanding:** 159.8M
- **Fully diluted shares:** 181.6M
- **Warrants:** 10.6M
- **Options:** 7.2M
- **Projects:** ["## Devon, Ontario\n\n100% (earn in): Interest in the 12,200 Hectares (120 km2) Devon Project\n\n## Highlights:\n\n- The Devon Project lies on the Archean craton margin, covered by a sulfide-bearing sedimentary basin, a known ideal geotectonic setting for major magmatic sulfide deposits.\n- The region is intruded by numerous mafic-ultramafic intrusives (Crystal Lake Gabbro, Pigeon River and Logan intrusives), mostly dyke-form intrusions, which can contain disseminated to locally massive magmatic Ni-Cu sulfides with PGEs. The dykes are emplaced along normal faults which provide ideal conduits for deep seated fertile mafic magmas to rise quickly through the crust without losing their chalcophile elements or PGEs.\n- Target deposits are analogous to Eagle & Eagle East, MI, USA Tamarack, MN, USA, and Voisey’s Bay Reed Brook Zone, NL (massive to net textured high-grade Ni-Cu-PGE deposits) or Current Lake, Ontario (PGE-dominant, heavily disseminated magmatic sulfides).\n- Major Pigeon River dykes form part of an east- to northeast trending swarm that transect the property and are typically 50 -70m in width but are locally up to 150 m wide. The dykes locally bifurcate, as well as change orientation from dykes to sill-form intrusions. These geometric complexities favor accumulation of magmatic sulfides in various structural and intrusive traps.\n- Historical occurrences associated with the dykes and mafic-ultramafic intrusions include 0.4% Cu, 0.17% Ni over 12.19m in drill core collared near Crystal Lake 1,2, and numerous grab samples anomalous in Cu, Ni, and PGE’s (For example: 0.51 % Cu and 0.24% Ni, 0.46 Cu % and 0.3% Ni and 2.3% Cu, 1.2% Ni, 0.05% Co, and 0.62 ppm Pd 1,2).\n- Significant portions of the area remain underexplored despite its favourable setting and ease of access. Most of the historic work in the west was focussed on vein and breccia hosted silver mineralization\n\nFigure 1. Geology of the Devon Project, Ontario\n\n![](https://prospectormetalscorp.com/site/assets/files/6007/picture1.963x0-is.jpg?38zp8j)\n\n1 Historical assay values have not been independently verified by the Company and a potential investor should not place undue reliance on historical results when making an investment decision, nor should they be used as the sole criterion for making investment decisions. There is no assurance that the Company can reproduce such results or that the historical results described therein will be realized.\n\n2 “Best surface samples” are grab / select samples and not necessarily representative of mineralization hosted on the property.","## ML Project\n\n100% Interest in the 10,869 hectares (108.69 km2) ML Project\n\n## Highlights:\n\n- The ML Project encompasses 10,869 hectares within the prolific Tintina Gold Belt, and is located approximately 80 km from Dawson City, Yukon, and 25 km northeast of the former Brewery Creek Gold Mine.\n- The ML Project geology is extensively metal endowed with numerous instances of high-grade gold, silver and copper in drill holes **(13.79 g/t Au and 1.84% Cu over 44m, 21.93 g/t Au over 24.65m)**\n- High-Grade Outcrop Results up to **156 g/t Au**\n- High grade gold and copper mineralization on Tess is a new and very unique style of reduced intrusion related gold mineralization (RIRGS)\n- ML hosts one of the **few remaining Tombstone-style intrusions in the Yukon** that has not been systematically explored with **no significant work completed since 2008**.\n- ​Drill planning for **2026** is underway and details for a proposed **25,000m** program will be released by **Q1 2026**. Prospector currently has over **$40 million** in working capital and is fully funded through 2026.\n\nFigure 1. ML Property Location and Geology Map\n\n![](https://prospectormetalscorp.com/site/assets/files/6116/mlprojectmap.1031x0-is.jpg?4ouj3l)\n\nFigure 2. ML Project Claim Map, Initial and Additional Claim Area![Figure 2. ML Project Claim Map](https://prospectormetalscorp.com/site/assets/files/6116/prospectorclaimstakingnr.jpg?4k7t10)\n\nProspector Metals' TESS discovery webinar - YouTube\n\nTap to unmute\n\n[Prospector Metals' TESS discovery webinar](https://www.youtube.com/watch?v=pcfgEgE6ASg) [Prospector Metals](https://www.youtube.com/channel/UCRTUaMeOIXc_ZqjQd9XM9vw)\n\n[Watch on](https://www.youtube.com/watch?v=pcfgEgE6ASg)"]
- **Leadership:** Dr. Rob Carpenter (President, CEO & Co-chairman, Over 30 years of corporate and technical mineral exploration experience. Co-Founder, President and CEO of Kaminak Gold Corporation (acquired by Goldcorp) and led the company through the discovery of the 5 million-ounce Coffee Gold Project. Completed his Ph.D. at Western University, London, ON.), Craig Roberts (Co-Chairman, Mining engineer with over 30 years of operations, consulting and investment banking experience. Former CEO New Found Gold Corp.), Andrew Rockandel (Executive Director, Mr. Rockandel is an accomplished entrepreneur whose four decades of business experience span mineral resources, renewable energy, forestry, and specialized chemicals. Involved in the junior mining market for over 25 years, he has helped found multiple junior companies, bringing together management teams, assets, and financing.), Ian Parkinson (Director, Ian Parkinson spent 16 years as a sell-side mining analyst for several leading brokerage firms on Bay Street including Stifel GMP, GMP Securities and CIBC World Markets. He joined the analyst community after a successful 10-year career in industry with Falconbridge and Noranda. During Ian’s time in industry, he worked on a wide range of exploration, development and commercial interests. He built on his geology base with experience in metals trading, metal marketing and business development at the corporate level. Ian is an earth science graduate of Laurentian University in Sudbury, Ontario, where he was born and raised in a mining family.), John Robins (Advisor, John Robins is a geologist, prospector, and entrepreneur with over 35 years of experience in the mining industry. In 2025, he was the recipient of PDAC’s Viola R. MacMillan Award for his leadership excellence in mineral exploration financing. He also received AME's Murray Pezim Award in 2022 for his significant contribution to the financing of exploration and development projects over the last 20 years, as well as the Spud Huestis Award in 2008 for having made significant contributions to mineral exploration in British Columbia and Yukon. Mr. Robins has been involved in several notable discoveries, including the 5M oz Coffee Gold deposit (owned by Kaminak Gold Corp.) in Yukon, the Three Bluffs gold deposit in the Committee Bay greenstone belt, the Aviat / Churchill diamond districts of Nunavut, and the Great Bear project in north-western Ontario. Through his entrepreneurship, John has been instrumental in over CDN$3B in M&A activity and has generated over $1B in direct and indirect mineral expenditures throughout Canada, Latin America, and Australia. Notable recent successes include the sales of Great Bear Resources Ltd. to Kinross Gold Corp. for $1.8B, Great Bear Royalties Corp. to Royal Gold Inc. for $200M, and Kaminak Gold Corp. to Goldcorp for $510M. John’s outstanding strategic guidance, technical expertise, strong industry relationships, and steadfast adherence to ethical practices, underpin his status as a leading steward of the junior mining industry. He currently acts as Chairman of K2 Gold Corp. and Aquitaine Metals Corp. Mr. Robins also acts as a Strategic Advisor to Kodiak Copper Corp., ValOre Metals Corp., CopperEx Resources Corp., and Prospector Metals Corp.), Jim Paterson (Advisor, Jim is a co-founder and a principal of Discovery Group™ with 28 years of executive leadership experience in the mining industry, including capital raises ($300+M in aggregate), M&A ($1B+ in aggregate), joint-ventures, spin-outs, and RTOs and IPOs. He was a long-standing and active director of Kaminak Gold Corp. (acquired by Goldcorp), founding director of Northern Empire Resources Corp. (acquired by Coeur Mining) and a director of Great Bear Royalties Corp. (acquired by Royal Gold). He founded Corsa Capital in 2007, whereby a 2010 transaction created an industry-leading metallurgical coal producer with a C$250M market capitalization. In addition to being the Chairman of ValOre and Targa Exploration, Jim is a director of K2 Gold and Aquitaine Metals, and acts as a strategic advisor to Kodiak Copper and Prospector Metals. Jim is an active supporter and champion of all member companies of Discovery Group.), Jay Sujir (Advisor, Jay Sujir is a Partner in Farris’ Mining and Securities practice groups and has nearly 30 years experience acting for mining and other natural resources companies. He was called to the BC Bar in 1986 after obtaining his LLB from the University of Victoria. He obtained his BA (Economics & Philosophy) in 1981, also from the University of Victoria. Jay is recognized in the Best Lawyers (2025) directory, as a Lexpert Leading Lawyer in Canada (2024), and as a Lexpert Leading Energy & Mining Lawyer (2024).), Jodie Gibson (VP Exploration, Mr. Gibson is an exploration geologist with over 14 years mineral exploration experience throughout the North American Cordillera from Alaska to Mexico; including syngenetic and epigenetic precious and base metal systems. He was the Project Manager of the Underworld Resources Inc. exploration team that discovered and defined the Golden Saddle and Arc deposits. These assets were subsequently sold to Kinross in 2010 for $139 million. Prior to joining the Company, Mr. Gibson was serving as Vice President Exploration for White Gold Corp where he oversaw over $30 million in exploration activities over the previous three years with highlights including expansion of the Golden Saddle and Arc deposits and five new discoveries across the White Gold district; including the high-grade Vertigo discovery on the JP Ross property. Jodie was recognized as the 2020 Yukon Prospector of the Year.), Jordan Laker (CFO, Jordan has over 15 years experience in accounting with public and private companies. He has a proven track record of being decisive, precise and supportive. Prior to starting his own company, Jordan was a Staff Accountant with Davidson and Co in Vancouver.), Danica Topolewski (Corporate Secretary, Over 15 years of corporate secretary experience with private and publicly traded Canadian companies.)

_Verified data last updated: 2026-06-05_

## Recent filings

- 2026-05-28 — press_release — [ppp_2026-05-28_19-53-33.pdf](https://chat.orbiton.app/ppp/preview/53106?documentId=53106)
- 2026-05-26 — financials — [ppp_2026-05-26_16-32-57.pdf](https://chat.orbiton.app/ppp/preview/52500?documentId=52500)
- 2026-05-26 — financials — [ppp_2026-05-26_16-32-27.pdf](https://chat.orbiton.app/ppp/preview/52498?documentId=52498)
- 2026-05-26 — mda — [ppp_2026-05-26_16-30-54.pdf](https://chat.orbiton.app/ppp/preview/52496?documentId=52496)
- 2026-05-26 — financials — [ppp_2026-05-26_16-29-54.pdf](https://chat.orbiton.app/ppp/preview/52497?documentId=52497)
- 2026-05-26 — press_release — [ppp_2026-05-26_06-39-39.pdf](https://chat.orbiton.app/ppp/preview/52468?documentId=52468)
- 2026-05-20 — press_release — [ppp_2026-05-20_06-49-41.pdf](https://chat.orbiton.app/ppp/preview/51661?documentId=51661)
- 2026-04-28 — financials — [ppp_2026-04-28_19-03-01.pdf](https://chat.orbiton.app/ppp/preview/34093?documentId=34093)

## Investor FAQ

### [Latest News](https://chat.orbiton.app/ppp/faq/latest-news)

Prospector Metals Corp. has announced a transaction to sell its non-core Eastern Canadian assets to BeMetals Corp. in exchange for shares, which will be distributed to shareholders on a pro-rata basis. Additionally, drill planning for the ML Project is underway for a proposed 25,000m program, with details expected to be released by Q1 2026.

### [Projects Overview](https://chat.orbiton.app/ppp/faq/projects-overview)

Prospector Metals Corp. is focusing on its ML Project in the Yukon, which encompasses 10,869 hectares and is located within the Tintina Gold Belt. The project has shown high-grade gold, silver, and copper mineralization, with notable drill results including 13.79 g/t Au and 1.84% Cu over 44m.

## Live AI chat

- https://chat.orbiton.app/ppp/chat
- Investor website: https://prospectormetalscorp.com/