Cartier Resources Inc.
Cartier Resources holds a 100%-owned, 15-kilometre land package along the Larder Lake-Cadillac Fault Zone east of Val-d'Or, Quebec, and -- backed by Agnico Eagle, which holds 26.9% of the company (May 2026 circular) -- is running a 100,000-metre drill program through 2027 and published its updated Preliminary Economic Assessment for Cadillac on 17 September 2026.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Quebec: Fraser PPI 2025 is 79.39 of 100 (rank 23 of 68), which maps to 9 on this site's scale. Quebec, Canada — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Cadillac Gold Project, Val-d'Or, Quebec.
Nearby producing mine (20%)8.9/10
Akasaba West (Goldex) (Agnico Eagle Mines Limited) is 36 km away -- within regional-platform range.
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:10/10
Agnico Eagle Mines Limited holds 26.92% (reported 4 May 2026) 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% · 34% here - Distance to a producing mineSub-score:6.4/10
Nearest producing mine: Akasaba West (Goldex) (Agnico Eagle Mines Limited), 36 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 20% 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% · 9% 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% · 6% 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
President, CEO and Director of Cartier Resources Inc. (P.Geo.) 35+ years in mining exploration/development; held senior roles at Noranda Inc., Aur Resources Inc., SOQUEM, and Alexis Minerals; led discovery on the Bell-Allard South Cu-Zn deposit; founded Cartier Resources in 2006; former AEMQ Chairman; B.Sc. Geology.
Chief Financial Officer of Cartier Resources Inc., CFO since 2010; also Chief Financial Officer of Vision Lithium Inc. 24+ years accounting experience (15 in mining), 9 years in public accounting prior; B.A. Accounting, Universite du Quebec en Abitibi-Temiscamingue.
VP Exploration at Cartier Resources Inc. (P.Geo.) 17+ years in mineral exploration in Quebec's Abitibi Greenstone Belt; joined 2008; supervised 150,000+ metres of drilling; M.Sc./B.Sc. Geology.
Corporate Development Coordinator at Cartier Resources Inc., a recent hire. 17+ years public-sector management experience.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Agnico Eagle Mines, one of the world's largest gold producers, holds 26.9% of Cartier (120.1 million shares, per Cartier's May 2026 circular) and has built it with cash: 97.0 million shares in early 2025, 117.8 million after a further subscription in March 2025, 120.1 million by May 2026. It also has the right to nominate a director, which is a governance right rather than extra shares. ASA Gold and Precious Metals, a specialist closed-end fund, holds about 1.6%. Institutional ownership is 5.3%; directors hold about 2.3%.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Cartier Resources' Cadillac Project lies along 15 km of the Cadillac Fault in Quebec's Val-d'Or mining camp. Its December 2025 resource update gives 767,800 oz of gold in measured and indicated resources (9.95 Mt at 2.40 g/t) plus 2.42 Moz inferred. The updated PEA released 17 Sep 2026 shows an after-tax NPV5% of C$1.0B and a 26.6% IRR at US$3,600/oz gold, with toll milling in year 1 before an on-site plant starts in year 2.