Hayasa Metals Inc.
Hayasa Metals Inc. is a copper-gold exploration company focused on Armenia. Its flagship is the Urasar Mineral District, a 3,392-hectare license in northern Armenia spanning a 15 km mineralized corridor along the Yellow River and Black River valleys, where the company completed a 2,000m drilling campaign (2025) and 2026 AMT geophysical surveys; the company also sold a 1.25% NSR over part of the Urasar district for US$1M. It separately holds an option agreement with Teck Resources on the Vardenis copper-gold-molybdenum project in central Armenia. No resource estimate has been published for either project.
Notable vs. Peers
- Jurisdiction risk score of 5/10 is meaningfully riskier than the peer average of 7.6/10.
Lifecycle Milestones
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 the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Chief Executive Officer of Hayasa Metals Inc. (CA, CPA, CFA). Over 20 years' experience in capital markets as an equity research analyst and institutional sales professional at Merrill Lynch, BMO Capital Markets and CIBC World Markets. Bachelor's degree in Finance from Queen's University and Commerce degree from McGill University.
President, Founder and Director of Hayasa Metals Inc. (M.Eng.). Over 35 years as an exploration geologist, starting with major Australian companies then joining Ross Beaty ventures across Bolivia, Peru and Brazil. Discovered and drilled the 1.8M ounce Tocantinzinho deposit, later developed by Eldorado Gold, and participated in four additional South American gold discoveries.
Chief Financial Officer and Corporate Secretary of Hayasa Metals Inc. (CA, CPA). Senior Consultant with Malaspina Consultants Inc. since May 2023; over a decade in accounting and audit roles. CPA, CA designation (2013), Economics degree from Voronezh State University, post-baccalaureate accounting degree from Thompson Rivers University.
Country Manager, Armenia, of Hayasa Metals Inc. (B.Sc., M.Eng.). Geologist with more than 17 years of experience in mineral exploration across Eurasia and West Africa; managed work on the Amulsar deposit and serves as Managing Director of Hayasa's Armenian subsidiary. Degrees from Yerevan State University.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Teck Resources, one of the world's largest diversified miners, holds a signed option to earn up to 80% of the Vardenis copper-gold project by spending an aggregate US$15 million on exploration through 2029, with a firm minimum of US$2.5 million and 3,000 metres of drilling inside the first 30 months. That is real, committed major-company capital funding the ground. No named fund or institutional holder appears on the register, and we hold no insider trading records for this company.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
We haven't parsed this company's PEA/PFS/FS recommendations yet — cut-off grade, mine life, DCF/NPV, and the report's own next-steps guidance are a planned research pass, not live data for every company yet.
No reports or presentations linked yet.