Metalore Resources Ltd (MET)
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Metalore Resources Ltd Profile
| Oil & Gas E&P Industry | Energy Sector | Mr. Armen A. Chilian P.Geo. CEO | TSX-V Exchange | CA5913071034 ISIN |
| Canada Country | - Employees | 19 Dec 2014 Last Dividend | - Last Split | - IPO Date |
Overview
Metalore Resources Limited, originating as New Metalore Mining Company Limited until its name change in 1976, is a junior resource company deeply involved in natural gas production and gold exploration within Canada. Founded in 1943 and operating from its headquarters in Simcoe, Canada, the company has carved a niche in the resource sector managing a considerable land holding. Metalore Resources owns and/or controls an extensive reach of approximately 40,000 acres dedicated to petroleum, natural gas, and mineral leases sprawled across the Charlotteville, Walsingham, and Houghton townships in Norfolk County, Ontario. This facilitates a dual front operation focusing on both the energy and mineral segments of the resource industry.
Products and Services
- Natural Gas Production
- Gold Exploration
- Other Mineral Exploration
Metalore Resources engages in the production of natural gas, making significant contributions to the local energy market. The company's involvement stretches to the distribution end as well, where it supplies natural gas to about 150 commercial and residential customers. This is facilitated through an extensive network of pipelines, ensuring a steady and reliable supply of natural gas, which is crucial for heating and energy needs in the region.
Exploration for gold constitutes a substantial part of Metalore's operations, leveraging its extensive acreage of mineral leases. The focus on gold exploration underlines the company's commitment to tapping into valuable resources, contributing to the precious metals market in Canada and potentially internationally.
Metalore does not limit its exploration activities to just gold; it ambitiously explores for other valuable minerals as well. These activities include the search for zinc, copper, lithium, PGE's (Platinum Group Elements), and diamonds. This diversification in exploration showcases Metalore's strategic intent to expand its portfolio within the mining sector, enhancing its potential for discovering economically viable deposits.
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