- Laurion Mineral Exploration (TSXV:LME) provided a corporate and strategic update on its Ishkõday Project northeast of Thunder Bay in Greenstone, Ontario
- Tyler Dilney, Laurion’s CFO, reported that the company raised over $4.2 million in 2024
- Laurion is operating from a position of financial and strategic strength, is actively engaged in a structured process led by US Capital Global to evaluate a broad spectrum of strategic opportunities
- Laurion Mineral Exploration stock (TSXV:LME) last traded at $0.35
Laurion Mineral Exploration (TSXV:LME) provided a corporate and strategic update on its Ishkõday Project northeast of Thunder Bay in Greenstone, Ontario at the company’s most recent annual shareholder meeting.
Financial strength and exploration success
At the meeting, Tyler Dilney, Laurion’s CFO, reported that the company raised over $4.2 million in 2024. This funding, supplemented by interest income generated from Laurion’s stable cash position throughout the year, can help ensure that the Ishkõday Project is fully funded for the upcoming 2025 exploration season. President and CEO, Cynthia Le Sueur-Aquin also highlighted the company’s disciplined capital management at the meeting, the Twin Falls land acquisition, and a track record of value creation on Ishkõday through responsible investor stewardship.
ESG Commitment and indigenous partnerships
Laurion reaffirmed its commitment to environmental, social, and governance (ESG) principles and Indigenous partnerships. This commitment is underscored by the recent signing of an Exploration Agreement with the Animbiigoo Zaagi’igan Anishinaabek, Biinjitiwaabik Zaaging Anishinaabek, and Bingwi Neyaashi Anishinaabek First Nations,.
Strategic review process
Directors John Covello and Special Committee Chair Michael Burmi confirmed that Laurion, operating from a position of financial and strategic strength, is actively engaged in a structured process led by US Capital Global to evaluate a broad spectrum of strategic opportunities. This includes assessing interest from potential acquirers and institutional investors aligned with Laurions long-term vision.
US Capital Global, a leading private financial group, is executing a global outreach campaign to source, screen, and engage qualified, potential strategic parties. Their role includes managing the virtual data room, preparing investor materials, advising on transaction structuring, and facilitating early-stage engagement with prospective partners. Leveraging a deep network of family offices, institutional funds, and industry specialists, US Capital Global is driving momentum on Laurion’s behalf.
Leadership insights
“Our vision for Laurion has always been grounded in working towards unlocking long-term shareholder value through technical excellence, strategic discipline, and meaningful partnerships,” CEO Le Sueur-Aquin, said in a media release. “We are extremely proud of the momentum we’ve built at its flagship Ishkõday Project, and are confident that our exploration program, combined with the strategic initiatives underway with US Capital Global, positions us to accelerate value creation for all shareholders in 2025.”
Past discoveries and Future plans
Independent of the strategic review, Laurion intends to continue to advance the Ishkõday Project. Hosting both early epithermal and later orogenic mineral systems, Ishkõday presents strong potential for significant gold-bearing discoveries. The company’s evolving 3D model now defines over 22 mineralized structures within a 1.8 km corridor, open at depth and along strike.
In 2023–2024, Laurion completed 7,934 metres of drilling in 17 holes targeting the Sturgeon River Mine area and surrounding zones, delivering encouraging results, such as:
- LME23-032: 3.5 m @ 4.93 g/t Au (including 0.55 m at 186.0 g/t Au)
- LME24-052: 5.25 m @ 3.62 g/t Au (including 0.50 m at 68.50 g/t Au)
- LME24-047: Multiple intercepts with grades up to 25.90 g/t Au
Geophysical surveys and 2025 drill program
Laurion recently completed advanced Magnetotelluric and Deep DCIP surveys with Quantec Geoscience. These surveys provide high-resolution resistivity and chargeability imaging to depths of 2 km, improving the understanding of deep structures and enhancing drill targeting. Forthcoming 2D and 3D inversions will be integrated into the Laurion’s 3D model to refine exploration strategies.
For 2025, Laurion is planning a 7,000 metre drill program focused on expanding mineral potential at the Sturgeon River Mine and the underexplored Brenbar Mine, 1.8 km to the west. Additional drilling will target the M24, M25, and 85 Zones northwest of the Sturgeon area. This program is designed to test continuity, identify new high-grade structures, and unlock further value across the broader Ishkõday system.
Investor’s corner
The team is confident that its strategic review process will uncover opportunities that have the potential to unlock meaningful shareholder value. While there is no guarantee of a transaction, Laurion remains committed to thoroughly evaluating all strategic alternatives. The company continues to advance the Ishkõday Project, leveraging its strong financial position and exploration success to drive future growth.
About Laurion Mineral Exploration
Laurion is a junior gold stock focused on its gold-rich polymetallic Ishkõday project 220 km northeast of Thunder Bay, Ontario. Insiders own approximately 73.6 per cent of outstanding shares.
Laurion Mineral Exploration stock (TSXV:LME) last traded at $0.35 and has lost 10.26 per cent since this time last year.
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(Top photo of gold mineralization behind Laurion Mineral Exploration logo: Laurion Mineral Exploration.)
