Conquest Resources Limited
Conquest Resources Limited (TSXV: CQR), incorporated in 1945, explores for gold and base metals in Ontario and Finland. Its focus has shifted to the Valimaki Gold Project in southwestern Finland, a district-scale property with extensive historical exploration, where drill targets are being permitted for drilling in the fourth quarter of 2026. In Ontario it holds the Smith Lake Gold Project, beside the past-producing Renabie gold mine, and the Alexander gold property in the Red Lake district. On 27 August 2026 Conquest agreed to sell its 100% interest in the Belfast-Teck Mag property, including the past-producing Golden Rose Mine, to Inventus Mining Corp. for 8,000,000 Inventus shares and a 2.0% net smelter return royalty, of which Inventus may buy back 0.5% for C$1,000,000; completion remains subject to TSX Venture Exchange acceptance.
Lifecycle Milestones
Jurisdiction (40%)9/10
Ontario: Fraser PPI 2025 is 93.70 of 100 (rank 5 of 68), which maps to 9 on this site's scale. Conquest's projects are in Ontario, Canada, and southwestern Finland, both Tier-1 mining jurisdictions; its current focus is the Valimaki project in Finland.
Infrastructure (40%)Not yet researched
No flagship project on file yet, so existing mill, road access, grid power, and tailings facility haven't been researched.
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: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - 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% · 57% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% 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
Chair of the Board of Conquest Resources Limited. More than 45 years' experience in the mining industry.
President, CEO and Director of Conquest Resources Ltd. (since 2020) and CEO & Director of Auranova Resources Inc. (since 2024). Over a 42-year career, co-founded Canadian Royalties Inc. (Raglan South Nickel Belt), founded Aurelian Resources Inc. (director 2003-2008), and was President, CEO & Director of Young-Davidson Mines Ltd. (2002-2005), doubling its resource before its 2005 sale to Northgate Minerals. Also served as President & CEO of Barkerville Gold Mines Ltd. (Jan 2015-Jul 2016), building it into a debt-free vehicle with a market cap exceeding $200 million, and was a Lead Director / Independent Committee Member at Dalradian Resources Inc. Graduate of the Haileybury School of Mines (Mining Technology and Advanced Field Geophysics).
Chief Financial Officer of Conquest Resources Limited. Financial executive with 20+ years in accounting and finance within mining and manufacturing, CPA and MBA from the Rotman School of Management.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked directly against the company's own site, which is live and current -- most recently reporting sampling results near Barrick Mining's former Renabie Gold Mine on 12 August 2026. That is geographic proximity to a major's past operation, not a stake taken in Conquest. No producer, specialist fund or named institution holds a disclosed position, and there are no insider trading records in our data.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Conquest Resources explores for gold in Ontario and Finland, and its focus has shifted to the Valimaki gold project in south-western Finland, a district-scale property with extensive historical exploration, where drill targets are being permitted for drilling in the fourth quarter of 2026. In Ontario it holds the Smith Lake gold project, beside the past-producing Renabie gold mine, where channel sampling in 2026 returned 15.31 g/t gold over 3.00m, and the Alexander gold property in the Red Lake district. In August 2026 it agreed to sell the Belfast-Teck Mag property, including the past-producing Golden Rose mine, to Inventus Mining for 8,000,000 Inventus shares and a 2.0% net smelter return royalty, subject to TSX Venture Exchange acceptance. None of its properties has a current resource estimate.