Hercules Metals Corp.
Hercules Metals is exploring the 100%-owned Hercules Project northwest of Cambridge, Idaho, host to the newly-discovered Leviathan porphyry copper system -- one of the most significant new US porphyry discoveries in recent years (e.g. 285 m at 0.47% Cu including 56 m at 0.89% Cu). A separate high-grade epithermal silver-lead-zinc discovery at Southern Flats (10.7 m at 420.5 g/t AgEq) adds a second target type on the property, and a July 2026 induced-polarization survey at the Hook target defined a large chargeability anomaly resembling the Leviathan signature. The company is backed by a strategic investment from Barrick Mining Corporation. Effective 1 Sep 2026, George Ogilvie, P.Eng. became President & CEO and joined the board, bringing seven executives previously involved in the US$2.0 billion sale of Arizona Sonoran Copper to HudBay Minerals; the company closed a C$4.5 million non-brokered private placement led by the new team on 14 Sep 2026. Drilling at the newly-identified Hook target (3km east of Leviathan) has returned intense quartz-sericite-pyrite and skarn alteration, early support for a new porphyry centre -- permitting for temporary access/drill pads is underway, with follow-up drilling targeted for 2027.
Lifecycle Milestones
Not in place: mill, tailings facility.
Jurisdiction (40%)9/10
Idaho: Fraser PPI 2025 is 77.16 of 100 (rank 27 of 68), which maps to 9 on this site's scale. Idaho, USA — top-tier US mining jurisdiction.
Infrastructure (40%)5.7/10
No confirmed mill, confirmed road access, confirmed grid power, and no confirmed tailings facility at Hercules Project (Leviathan Porphyry), Idaho.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score:9/10
Barrick Mining Corporation holds 12.82% (reported 28 Jul 2025) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 49% here - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:1/10
Stage: Grassroots Exploration
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 29% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 13% here - CommoditySub-score:8/10
Primary commodity: Copper
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Chief Executive Officer, Director and founder of Hercules Metals Corp. Exploration geologist who started the company to explore the historic Cuddy Mountain epithermal silver deposit before a discovery drillhole intersected a blind copper porphyry (the Leviathan discovery), transforming the company's focus. Over 15 years of discovery and capital-markets experience in senior exploration-management roles; Principal and Founder of Ridgeline Exploration, acquired by Goldspot Discoveries in 2021. Holds a B.Sc. in Geology from Simon Fraser University and a Diploma in Mining from the British Columbia Institute of Technology.
Chief Financial Officer and Corporate Secretary of Hercules Metals Corp., appointed CFO of the company (then Hercules Silver) in November 2022. Chartered Professional Accountant (CPA, CA) with more than 15 years of corporate accounting, finance and financial-reporting experience, providing management advisory, accounting and regulatory-compliance services to public and private companies across mining, cannabis, health & wellness and merchant banking. Began his career as a public-accounting auditor and held a senior finance position at Sears Canada. Holds a Bachelor of Commerce from McGill University.
Independent director and Chairman of the Board of Hercules Metals Corp., appointed effective December 18, 2025, succeeding Peter Simeon (who continues as a director); also independent Chair of SRQ Resources Inc. Mining executive and capital-markets professional with more than 15 years across investment banking, project development and corporate leadership. Spent eight years with Ivanhoe Mines Ltd. as Executive Vice President, Africa, a key member of the team that advanced the Kamoa-Kakula copper project in the DRC and helped secure US$3 billion in equity and debt financing. Previously with the Metals & Mining Investment Banking team at BMO Capital Markets in London. Concurrently President and CEO of Falcon Energy Materials plc. Holds an M.Sc. in Resource Engineering (Metallurgy, First-Class Honours) and a B.Sc. in Applied Earth Sciences (Mining Engineering) from Delft University of Technology.
Vice President, Exploration of Hercules Metals Corp. (M.Sc., P.Geo.)
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Hercules Metals has a disclosed $25 million cash investment from major producer Barrick Mining (~11%), plus a UK fund manager (Jupiter) holding nearly 8%. Four company insiders, including the CEO, bought shares on the open market in May-June 2026.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Hercules Metals is exploring its 100%-owned Hercules Project northwest of Cambridge in western Idaho, home to the Leviathan porphyry copper discovery, and has a strategic investment from Barrick Mining Corporation. Leviathan has no resource estimate yet; 2026 drilling extended the system, with hole HER-25-21 intersecting 801.6 m of 0.40% copper-equivalent and HER-25-18 intersecting 787.9 m of 0.54% copper-equivalent, and it remains open at depth and along strike. The property also hosts the Southern Flats silver-lead-zinc discovery and the Hook target, about 3 km east of Leviathan, where early drilling showed porphyry-style alteration and follow-up drilling is targeted for 2027. George Ogilvie became President and CEO on 1 September 2026, joined by former Arizona Sonoran Copper executives.