Freeman Gold Corp
Freeman Gold's 100%-owned Lemhi Gold Project in Lemhi County, Idaho, received a Feasibility Study on June 29, 2026 confirming a Proven and Probable Reserve of 1.0 million ounces gold, a 15-year mine life, US$696 million post-tax NPV(5%) and 34.4% IRR at a US$3,650/oz base case. Over 90% of known mineralization sits on patented claims with mining and domestic water rights already secured, and the company intends to pursue the US FAST-41 federal permitting framework used by peers Integra Resources and Liberty Gold. Freeman reported CAD $7.95 million cash against CAD $4.02 million debt as of May 31, 2026.
Notable vs. Peers
- Financials score of 3.8/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Not in place: mill, tailings facility. Not yet determined: grid power.
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 is a stable, mining-friendly US state; project sits over 90% on patented (privately owned) claims with water rights already secured, reducing federal permitting exposure.
Infrastructure (40%)4.3/10
No confirmed mill, confirmed road access, and no confirmed tailings facility at Lemhi Gold Project, Lemhi County, Idaho; grid power not yet researched, counted at a neutral 5/10 until established.
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:10/10
Stage: Feasibility Study
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
United States: 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
CEO and Director of Freeman Gold Corp. 10+ years in mining; previously CFO at Lithium X Energy Corp. (sold for $265M) and Goldrock Mines Corp. (sold for $180M); CPA with senior manager experience at Deloitte LLP.
Executive Chairman of Freeman Gold Corp. Geologist/geochemist with 40+ years in mining; has sold five publicly listed companies worth over $2 billion combined since 2004; EY Entrepreneur of the Year for Mining & Resources (2018).
VP of Exploration at Freeman Gold Corp. 20+ years' exploration experience across 50+ countries; previously VP and partner at APEX Geoscience Ltd.; Qualified Person under NI 43-101.
VP of Environmental and External Relations at Freeman Gold Corp. 15+ years across mining, infrastructure and consulting; specializes in permitting, regulatory strategy and stakeholder engagement in North America.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Brian Paes-Braga, a well-known Canadian resource financier, came in as a strategic insider investor in October 2025, and Freeman raised about $10.5 million across a strategic placement and a convertible debenture in mid-2025 — but no position size has ever been disclosed for him or for any other holder, so the depth of that backing cannot be established. No producer or specialist fund is confirmed on the register and institutional ownership is nil. The June 2026 feasibility study put Lemhi's after-tax NPV at US$696 million.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Freeman Gold owns 100% of the Lemhi gold project in Lemhi County, Idaho, where more than 90% of the known mineralization is on patented claims with mining and water rights secured. Measured and indicated resources contain 1,221,000 oz of gold (247,000 oz measured and 974,000 oz indicated), plus 240,000 oz inferred, in an estimate dated 30 January 2026. The June 2026 feasibility study, with a proven and probable reserve of 43.0 Mt at 0.74 g/t, shows a post-tax NPV5% of US$696M and a 34.4% IRR at US$3,650/oz gold, with initial capital of US$329.7M, a 15.2-year mine life and an all-in sustaining cost of US$1,719/oz. Freeman intends to pursue permitting under the US FAST-41 federal framework, as peers Integra Resources and Liberty Gold have.