JUNIORMETRICS

Cartier Resources Inc.

ECRFF·ECR·US$0.17 (CAD 0.24)·US$76.2M cap
GoldCadillac Gold Project, Val-d'Or, Quebec Map

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

Grassroots
Resource Def.
PEACurrent
PFS
Feasibility
Permitting
Construction
Production
Prior Ownership & Infrastructure
Road Access2.9/10 built out

Not in place: mill, tailings facility, grid power.

6/10
Weak track recordStrong track record
6/10 vs.
4/10
Thin runwayWell-capitalized
4/10 vs.
How this is calculated
4.4/10
Weaker depositStronger deposit
4.4/10 vs.
How this is calculated
6.5/10
Harder place to buildEasier place to build
6.5/10 vs.
What goes into it
  • 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.

5.2/10
Weaker profileStronger profile
5.2/10 vs.
Price Chart
$0.108$0.165$0.172$0.194$0.178AugDecAprJulOct2
Aug 12, 2025 – Oct 20, 2026
News
$0.17
+34.5%from low-30.8%from high
$0.13$0.25
See who ↓
2.3%
Low alignmentHigh alignment
2.3% vs.
See who ↓
5.3%
Low alignmentHigh alignment
5.3% vs.
$76.2M
Far belowFar above
$76.2M vs. $21.9M peer median
Price (USD - Local)
US$0.17 (CAD 0.24)
Cash Position (USD)
$3.9M
Far belowFar above
$3.9M vs. $3.3M peer median
Debt (USD)
Far aboveFar below
$0 vs. $0 peer median
$72.3M
Far belowFar above
$72.3M vs. $19.4M peer median
446.2M
Far aboveFar below
446.2M vs. 153.6M peer median
Jurisdiction
Canada
767,800 oz
Feeds Deposit Quality score
Indicated767,800 oz
Inferrednot scored2,416,900 oz
Total resource3,184,700 oz
Far belowFar above
767.8K oz vs. 1.3M oz peer median
Compares M&I only — Inferred isn't compared or scored.
$94.15/oz
M&I
Total resource (incl. Inferred)$22.70/oz
Peer median $68.74/oz
Far aboveFar below
$94.15/oz vs. $132.67/oz peer median
Cut-off: Open-pit/pit-constrained: 0.30 g/t Au; Underground-constrained: 1.00 g/t Au
Underground
16.2 yrs2025 study
Far belowFar above
16.2 yrs vs. 11.1 yrs peer median
$2,137/oz2025 study
@5%$725.5M2025 study · gold deck US$3,600 vs spot US$4,114/oz
Far belowFar above
$725.5M vs. $602M peer median
0.10x2025 study · gold deck US$3,600 vs spot US$4,114/oz
Far aboveFar below
0.10x vs. 0.32x peer median
0.10x2025 study · gold deck US$3,600 vs spot US$4,114/oz
Far aboveFar below
0.10x vs. 0.30x peer median
$199.9M2025 study
Far aboveFar below
$199.9M vs. $293.2M peer median
3.6xClears Durrett's 2:1 bar2025 study · gold deck US$3,600 vs spot US$4,114/oz
Far belowFar above
3.6x vs. 2.3x peer median
$3,600/oz12% below spot ($4,114/oz)2025 study
27%Clears Durrett's 25% developer bar2025 study · gold deck US$3,600 vs spot US$4,114/oz
Far belowFar above
27% vs. 43% peer median
2.3%
0%100%
2.3% vs. 12.1% peer median
5.3%
0%100%
5.3% vs. 3.3% peer median
36 kmfrom Agnico Eagle Mines Limited's Akasaba West (Goldex)
Within regional-platform range (~50km)
-$4.9M
Far belowFar above
-$4.9M vs. -$3.3M peer median
-$0.011
Far belowFar above
-$0.011 vs. -$0.018 peer median

Acquisition Susceptibility

How this is calculated
8/10
Unlikely bolt-onFits the takeout profile

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 deal
    Sub-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 stake
    Sub-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 mine
    Sub-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 stage
    Sub-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
  • Jurisdiction
    Sub-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
  • Commodity
    Sub-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.

Overall Score Trend
-42.2% since 2026-07-26 · -42.2% from peak

Your Rankings

Community Sentiment
100SELLINGBUYING
CategoryCommunityYour Ranking
Overall— (0) 
Management— (0) 
Financials— (0) 
Jurisdiction— (0) 
Project Quality— (0) 

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.

Smart money
5/10

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

Technical Report Takeaways

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.

Recent News