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New Break Resources Ltd.

Mining and Mineral Exploration ~120 employees
Founded
--
Employees (Est.)
~120
8 leaders known
Total Funding
$1.3M
Funding Rounds
2
Last Funding
2023-05-31

About New Break Resources Ltd.

New Break Resources Ltd. (CSE: NBRK) is a Canadian mineral exploration company focused on its 100% owned Moray gold project in northern Ontario, located near existing infrastructure and 32 km northwest of the Young-Davidson gold mine operated by Alamos Gold Inc. Additionally, through a 20% carried interest in the Sundog gold project in Nunavut, the company offers shareholders exposure to significant exploration potential in a promising region for gold exploration and production.

Products & Services

Moray Gold Project:A 100% owned gold exploration project covering 10,326 hectares in the Abitibi greenstone belt, located 49 km southeast of Timmins, Ontario, and 32 km northwest of the Young-Davidson gold mine. Recent maiden drilling (1,502 meters, six holes) resulted in a significant gold discovery with drill results of 4.11 g/t Au over 31.3 meters and 3.35 g/t Au over 14.8 meters.
Sundog Gold Project:A gold exploration project with a 20% carried interest, covering 9,415 hectares in the Ennadai-Rankin greenstone belt, Kivalliq Region, Nunavut, on Inuit Owned Land. It features high-grade surface gold exposures over a 2,500 x 500 m area with potential for specific types of gold mineralization.

Specialties

Gold Exploration Mineral Exploration in Northern Ontario and Nunavut

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Non-brokered Private Placement
T: -
FT: Non-brokered Private Placement
A: 500700
MR: -
FA: $500,700
FAN: 500700
D: 2023-05-31
FD: 2023-05-31
-
2 RT: Non-brokered private placement
T: -
FT: Non-brokered private placement
A: 750000
MR: -
FA: up to $750,000
FAN: 750000
D: 2023-05-09
FD: 2023-05-09
-
Non-brokered Private Placement Latest
2023-05-31
$501K
Non-brokered private placement 2023-05-09
$750K

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Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

D

Dennis Peterson

Lawyer

J

John Todd

K

Ken Reading

Prospector

P

Peter Hubacheck

Geological Engineer & Qualified person

M

Michael Farrant

President, Chief Financial Officer and Director

A

Andrew Malim

Independent Director, Non-Executive Chairman and Audit Committee Member

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Recent News

New Break Resources Ltd. Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

Read more →

Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

Read more →

Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

Read more →

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Industries
Mining and Mineral Exploration
Company Size
~120 employees (est.)

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