Great Bear Royalties Corp. (TSXV:GBRR)Mining
Great Bear Royalties Corp. is a mineral royalty company that focuses on precious metal properties. The West Pender Street, Vancouver-based royalty asset company is a new entrant to the precious metal royalty and streaming industry.
Great Bear Royalties Corp. was formed on January 31, 2021, according to the Canadian laws of British Columbia Province. Great Bear Royalties is a 100 per cent owned subsidiary company of Great Bear Resources Ltd., the parent royalty company.
In a report dated March 31, 2021, Great Bear Royalties Corp. mentioned that the company received approval to list its common stock as a Tier two issuer on the TSX Venture Exchange under the ticker symbol GBRR. According to the released report, the royalty company was expected to start trading its shares on the TSXV from April 5, 2021.
Great Bear Royalties Corp. is focused on the Dixie Project situated in the Red Lake, Ontario, a tier-one mining jurisdiction in Canada.
The company owns a 100 per cent stake in the project. The Dixie Project consists of contiguous mineral concessions over 22 kilometers, including 18 kilometers of gold prospects spread over a total area of 9,140 hectares.
The Dixie Project is comprised of a unique combination of large, high grade and near-surface gold mineralization. The project is equipped with proper infrastructure facilities from the nearby city. It is the prime project of the company and is subject to a two per cent Net Smelter Royalty (NSR).
According to the analyst consensus, the annual gold production onsite ranges between 500,000 to 550,000 gold ounces, which indicate an expected yearly cash flow of C$20 million TO C$25 million per annum at the existing market prices. Great Bear Royalties Corp. invested $45 million to finance exploration and drilling programs, including more than 175,000 drills, to advance the project into a tier-one Au project.
1020 – 800 West Pender St. Vancouver, BC V6C 2V6