Investment Highlights
- Two advanced gold projects in Quebec’s productive Abitibi Greenstone Belt: Duquesne West (flagship) and Lac Pelletier
- Combined resource of over 1.6 million ounces of gold in the “Inferred” category, as well as historical resources with additional upside potential
- AI-supported exploration for systematic resource expansion and target definition
- Over 120,000 meters of drilling completed on Duquesne West and more than 100,000 meters on Lac Pelletier
- Experienced management with a proven track record at over 25 publicly traded mining companies and more than CAD 1 billion in capital raised
- Strong financial position following oversubscribed capital increase of over CAD 11 million (October 2025)
Company & Strategy
Emperor Metals Inc. is an exploration and development company focused on high-grade gold deposits in the southern part of the Abitibi Greenstone Belt in Quebec, Canada – one of the most productive gold regions in the world. The company’s goal is to more efficiently define and expand existing gold systems through the targeted use of AI-supported exploration methods and modern data analysis.
The company portfolio consists of two strategic projects:
- the Duquesne West Gold Project, an advanced exploration project with 1.46 million ounces of gold in the Inferred Resource category,
- and the Lac Pelletier Project, which is considered to have short-term production potential due to existing infrastructure and historical resources.
The corporate strategy aims at a two-pronged value creation: on the one hand, the resource expansion and upgrading of Duquesne West through systematic drilling programs, and on the other hand, the reactivation and potential pre-production at Lac Pelletier.
Emperor Metals sees itself as a modern exploration company that combines technology, geological experience and capital market expertise to build a profitable gold production company in the medium to long term.
Market Environment
The Abitibi Greenstone Belt – Tier 1 Gold Region
The Abitibi Greenstone Belt extends across Quebec and Ontario and is considered one of the most important gold belts in the world. Over 200 million ounces of gold have been mined here historically. The southern section, where Emperor Metals’ projects are located, is particularly well developed and is home to numerous mines – including operations of Agnico Eagle, Yamana Gold and IAMGOLD.
The region is characterized by:
- excellent infrastructure (roads, power supply, airports),
- an investor-friendly mining regulation in Quebec,
- and a long tradition of responsible raw material extraction.
These framework conditions offer Emperor Metals a high location quality, low exploration risks and favorable conditions for future production scenarios.
Gold Market and Macro Trends
In the global market environment, exploration companies benefit from a sustained high demand for gold, driven by inflation hedging, geopolitical uncertainties and increasing capital flows into physical precious metals. In addition, Quebec is one of the most stable mining regions worldwide – a decisive factor for institutional investors.
Project Portfolio
Duquesne West Gold Project (Flagship)
Location and Infrastructure
The Duquesne West Gold Project is located approximately 32 kilometers northwest of Rouyn-Noranda and 10 kilometers east of Duparquet, Quebec. The property comprises 38 claims over approximately 1,389 hectares and is located in the historic Duparquet Gold Camp.
(Fig. 1: Location of the Duquesne West Project in the Abitibi Greenstone Belt)
The project is accessible via year-round roads, has a power connection in the immediate vicinity and is only a few kilometers from Rouyn-Noranda International Airport.
Resource Estimate (as of 2025)
The Maiden Mineral Resource Estimate (NI 43-101) published on August 25, 2025 shows an Inferred Resource of:
- 27.3 million tonnes at 1.69 g/t Au
- = 1.46 million ounces of gold
out. Approximately 44% of the resource is potentially suitable for
Exploration Progress and Potential
Since the acquisition of the project, Emperor Metals has implemented an extensive exploration program, including over 8,000 meters of drilling in 2024. Of particular note is the drill section 22.7 meters at 35.2 g/t Au, which underscores the potential for additional high-grade lenses in the open pit area.
For the current exploration season (2025), a combined program of 8,000 meters of core sample re-analysis and up to 15,000 meters of new drilling is planned. The aim is to expand the resource, further model the geology and define zones of higher certainty (Measured / Indicated).
Option Agreement
Emperor Metals has an option to acquire 100% of the project from Globex Mining Enterprises Inc. The agreement includes payments of CAD 10 million, 15 million shares and CAD 12 million in exploration expenses over five years.
Lac Pelletier Project
Location and Overview
The Lac Pelletier Project comprises 25 claims and a mining license over approximately 558 hectares. It is located only 4 kilometers southwest of Rouyn-Noranda – within the city limits – and directly borders
Historical Resources (2022, SEDAR+)
- 681,200 t @ 4.08 g/t Au = 89,400 oz (Au, M&I)
- 1,099,000 t @ 3.89 g/t Au = 137,600 oz (Au, Inferred)
The mineralization extends over several zones with high continuity and shows both thick and high-grade sections, including:
- 22.4 m @ 7.6 g/t Au
- 6.2 m @ 24.8 g/t Au
Infrastructure & Development Status
Lac Pelletier already has over 3.3 kilometers of underground development, including portal and ventilation shaft, and is connected to Rouyn-Noranda’s municipal infrastructure. Two historical bulk samples (2009–2010) achieved average gold recovery rates of 96.3% (2,950 oz Au @ 4.35 g/t Au).
In total, over 105,000 meters have been drilled to date, and investments in infrastructure and drilling amount to over CAD 70 million, adjusted for inflation.
The project thus offers short-term cash flow potential and could represent a pre-production base for Emperor. In parallel, a gap analysis (“Gap Study”) is being carried out to evaluate the technical and economic requirements for a possible restart.
(Fig. 2: Underground development and infrastructure of the Lac Pelletier project)
Outlook
Emperor Metals is pursuing a clear operational roadmap in 2025 with two main focuses:
- Resource expansion Duquesne West
- Gradual expansion of the open pit area
- Integration of untested mineralized zones along the strike
- Validation of historical drilling data to increase the resource category
- Identification of new zones for a larger long-term mining potential
- Gradual expansion of the open pit area
- Further development Lac Pelletier
- Continuation of the Gap Study for technical and economic evaluation
- Preparation for possible short-term production scenarios
- Use of existing infrastructure for rapid project development
- Continuation of the Gap Study for technical and economic evaluation
In parallel, the company plans to integrate both projects into a consolidated development strategy that enables both short-term revenues and long-term growth. With a successful capital increase of over CAD 11 million (October 2025), Emperor Metals is in a good financial position to implement these next steps.
Management
John Florek, M.Sc., P.Geo. – CEO & President
Over 30 years of experience in mining, including as Superintendent of Geology at Kirkland Lake Gold’s Detour Mine and Senior Geologist at Barrick Gold and Placer Dome. Also a Director at McEwen Inc. since 2025.
Sean Mager – CFO & Director
More than 30 years of experience in the global commodities industry, co-founder of the Metals Group of Companies, extensive expertise in corporate development, finance and regulatory processes.
Alex Horsley – Vice President & Director
Over 20 years of capital market experience in financing, corporate development and investor relations.
John Labreque, P.Geo. – VP Exploration
26 years of international exploration experience in North America, Africa and Asia; expert in gold, copper and diamond systems. Awarded the Developer of the Year Award 2008 (Hemlo Gold Mines, Ontario).
John Williamson, P.Geo. – Chairman
Over 35 years of industry experience, founder and chairman of more than 20 successful commodities companies. Under his leadership, over CAD 1 billion in capital has been raised worldwide.
Ian Harris, B.Sc. Eng. – Director
Many years of experience in engineering and project development in international mining.
The management team combines geological expertise with capital market experience and has repeatedly proven its ability to successfully develop complex projects through financing cycles and market phases.
Conclusion
Emperor Metals Inc. is positioning itself with Duquesne West and Lac Pelletier as a high-growth exploration company in the heart of the Abitibi Gold Belt. The company combines the location advantages of Quebec with state-of-the-art exploration technology and an experienced team.
The current resource base of over 1.46 million ounces of gold, the short-term production potential of Lac Pelletier and the solid financial base form a strong starting position for the next development phases.
In a persistently stable gold price environment, Emperor Metals offers attractive long-term opportunities for investors who are looking for a combination of exploration potential, technical expertise and sustainable corporate governance.
