JUNIORMETRICS

Independence Gold Corp.

IEGCF·IGO·US$0.085 (CAD 0.12)·US$22.5M cap
Goldalso:3Ts (flagship), Omineca Mining Division, British Columbia; additional ground in Yukon Map

Independence Gold Corp. is a gold and silver explorer focused on its flagship 3Ts project in the Omineca Mining Division of British Columbia, with additional ground in the Yukon. An NI 43-101 mineral resource estimate (effective 12 Nov 2025) reported an Indicated resource of 2,794,000 tonnes at 3.18g/t Au and 82.35g/t Ag (286,000oz Au, 7,396,000oz Ag) and an Inferred resource of 2,962,000 tonnes at 3.14g/t Au and 73.27g/t Ag (299,000oz Au, 6,978,000oz Ag), using cutoffs of 0.3g/t AuEq for in-pit material and 2.0g/t AuEq for underground material. No PEA, NPV or IRR has been published yet.

Lifecycle Milestones

Grassroots
Resource Def.Current
PEA
PFS
Feasibility
Permitting
Construction
Production
Prior Ownership & Infrastructure
Road Access1 of 4 checked, 1 in place

Not yet determined: mill, tailings facility, grid power.

5.4/10
Weak track recordStrong track record
5.4/10 vs.
Not yet researched
Thin runwayWell-capitalized
How this is calculated
4.6/10
Weaker depositStronger deposit
4.6/10 vs.
How this is calculated
8.2/10
Harder place to buildEasier place to build
8.2/10 vs.
What goes into it
  • Jurisdiction (40%)9/10

    British Columbia: Fraser PPI 2025 is 74.28 of 100 (rank 31 of 68), which maps to 9 on this site's scale. Flagship 3Ts project is in the Omineca Mining Division, British Columbia, with additional ground in the Yukon -- both Tier-1 Canadian mining jurisdictions.

  • Infrastructure (40%)6.4/10

    Confirmed road access at 3Ts Gold-Silver Project, Nechako Plateau, British Columbia, Canada; existing mill, grid power, and tailings facility not yet researched, counted at a neutral 5/10 until established.

  • Nearby producing mine (20%)10/10

    Blackwater (Artemis Gold Inc.) is 21 km away -- within regional-platform range.

5.8/10
Weaker profileStronger profile
5.8/10 vs.
Price Chart
$0.10$0.079$0.057$0.086$0.093AugDecMarJulOct20
Aug 12, 2025 – Oct 20, 2026
News
$0.085
+52.1%from low-44.7%from high
$0.056$0.15
See who ↓
17.2%
Low alignmentHigh alignment
17.2% vs.
See who ↓
0%
Low alignmentHigh alignment
0% vs.
$22.5M
Far belowFar above
$22.5M vs. $21.9M peer median
Price (USD - Local)
US$0.085 (CAD 0.12)
Cash Position (USD)
Debt (USD)
$0
Far aboveFar below
$0 vs. $0 peer median
$22.5MEstimated: no verified cash figure (counted as $0)
Far belowFar above
$22.5M vs. $19.4M peer median
264M
Far aboveFar below
264M vs. 153.6M peer median
Jurisdiction
Canada
286,000 oz
Feeds Deposit Quality score
Indicated286,000 oz
Inferrednot scored299,000 oz
Total resource585,000 oz
Far belowFar above
286K oz vs. 1.3M oz peer median
Compares M&I only — Inferred isn't compared or scored.
$78.77/oz
M&I
Total resource (incl. Inferred)$38.51/oz
Peer median $68.74/oz
Far aboveFar below
$78.77/oz vs. $132.67/oz peer median
Cut-off: 0.3 g/t AuEq (open pit) / 2.0 g/t AuEq (underground)
Resource-definition stage, no active mine
17.2%
0%100%
17.2% vs. 12.1% peer median
0%
0%100%
0% vs. 3.3% peer median
21 kmfrom Artemis Gold Inc.'s Blackwater
Within regional-platform range (~50km)
-$3.7M
Far belowFar above
-$3.7M vs. -$3.3M peer median
-$0.014
Far belowFar above
-$0.014 vs. -$0.018 peer median

Acquisition Susceptibility

How this is calculated
6.9/10
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: 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 mine
    Sub-score:
    7.9/10

    Nearest producing mine: Blackwater (Artemis Gold Inc.), 21 km

    10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.

    Weight 22.5% · 46% here
  • Lifecycle stage
    Sub-score:
    3.5/10

    Stage: Resource Definition

    Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.

    Weight 15% · 31% 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% · 14% 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% · 9% 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
+1.8% since 2026-08-11 · -18.3% from peak

Your Rankings

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

Management Team

President, Chief Executive Officer and Director of Independence Gold Corp. Professional geologist with over 50 years of Canadian and international mineral-exploration experience, including guiding Winspear Diamonds through the Snap Lake discovery sale to De Beers for $305 million and involvement in New Gold's $180 million acquisition of the Capoose and Blackwater projects. Recipient of the Hugo Dummett award (2007).

Chief Financial Officer and Corporate Secretary of CanAlaska Uranium Ltd. since 2016 and Chief Financial Officer of Independence Gold Corp. since 2017. Chartered Professional Accountant (Certified General Accountant, 1996) and University of British Columbia graduate, with over 20 years' experience in corporate transactions, public markets and in-depth accounting and auditing across mineral exploration and development, public practice, sports entertainment, wholesale distribution and telecommunications. Formerly CFO & Secretary of Core Nickel Corp. (2023-2025), CFO of Aurelius Minerals Inc. and CFO of Canterra Minerals Corp. Based in Vancouver. Sources: canalaska.com/management-profiles/ and ingold.ca/team/harry-chan-cpa-cga/.

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
1/10

A 10%-holder, Gestion Bouca Inc, has been buying steadily and repeatedly on the open market through August 2026, though nothing found identifies it as a resource-sector specialist. No institutional fund is meaningfully present.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

Independence Gold is a gold and silver explorer whose flagship is the 100%-owned 3Ts project in the Omineca Mining Division of central British Columbia; it also holds ground in Yukon. The 3Ts resource, effective 12 November 2025, contains 286,000 oz of gold and 7,396,000 oz of silver in the indicated category (2,794,000 t at 3.18 g/t gold and 82.35 g/t silver), with no measured category, plus 299,000 oz of gold and 6,978,000 oz of silver inferred, and no economic study has been published. A 2026 diamond drill program of up to 10,000m, run with two rigs, found the new high-grade Goofy Vein, with 14.70 g/t gold over 9.10m, and on 19 August 2026 reported 9.07 g/t gold and 70.56 g/t silver over 31.04m at the Tommy Vein.