Stratabound Minerals Corp. is a miner operating in North America. The company is principally engaged in the discovery, acquisition, and development of precious metals and base metals properties containing gold and copper.
The company was incorporated in 1986 as a private miner, but in the following year i.e., 1987, it went public. Since then, it trades on the Toronto Stock Exchange Venture under the quote SB. The company is also listed in the US (OTCQB) under the symbol SBMIF.
The Toronto-headquartered firm owns the options rights to acquire the Golden Culvert Project. The gold (Au) project is the company’s flagship and is situated about 25 kilometers north of 3 Aces (operator Seabridge Gold) in the southeastern region of Yukon.
In December 2019, the company acquired optional rights for the McIntyre Brook Project containing an iron oxide-copper-gold mineralization, in New Brunswick.
Stratabound also has a 100 per cent ownership stake in the Captain Project in the proliferous Bathurst district known for base metal mineralization, in New Brunswick. This project hosts polymetallic mineralization comprising copper (Cu), cobalt (Co), gold (Au) and silver (Ag) elements.
In addition, the company also operates the following mineral projects:
• CNE Mining Lease – It’s a wholly-owned lead (Pb), zinc (Zn), silver (Ag), copper (Cu) project.
• Taylor Brook Deposit – This project is optioned to Bandera Gold Ltd. The mineralization onsite includes lead (Pb), zinc (Zn) and silver (Ag) elements.
Reportedly, the project needs to be drilled for higher grade extensions. The board and management teams of the company have extensive experience in mineral exploration and development operations with a proven track record of leading successful mining businesses.
In August 2021, Stratabound Minerals completed the planned arrangement with California Gold, wherein the company acquired all the issued and outstanding ordinary shares of California Gold making it a 100 per cent owned subsidiary of the company. Stratabound is focused on the exploration and drilling work to discover prospective targets and grow the mineral resource potential for further development of its projects.