JUNIORMETRICS

iMetal Resources Inc.i

IMRFF·IMR·US$0.13 (CAD 0.19)·US$9.5M cap
GoldGowganda West Gold Project (Ontario) Map

iMetal Resources Inc. (TSXV: IMR) explores the Gowganda West gold project, southwest of Kirkland Lake and west of the town of Gowganda, Ontario -- within a region known for historic gold deposits. In Feb 2026 the company reported 16.65m @ 1.25g/t Au within a broader 62.25m @ 0.61g/t Au intercept, with long mineralised intervals in two of six holes drilled. The company appointed Morgan Verge, P.Geo. as VP Exploration (17 Sep 2026) to lead advancement of Gowganda West, and closed a June 2026 private placement (up to 40,000,000 units at $0.10/unit).

Lifecycle Milestones

GrassrootsCurrent
Resource Def.
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.

3.1/10
Weak track recordStrong track record
3.1/10 vs.
Not yet researched
Thin runwayWell-capitalized
How this is calculated
Not yet researched
Weaker depositStronger deposit
How this is calculated
7.2/10
Harder place to buildEasier place to build
7.2/10 vs.
What goes into it
  • Jurisdiction (40%)9/10

    Ontario: Fraser PPI 2025 is 93.70 of 100 (rank 5 of 68), which maps to 9 on this site's scale. Gowganda West, southwest of Kirkland Lake / west of Gowganda, Ontario -- Canada Tier-1 convention.

  • Infrastructure (40%)6.4/10

    Confirmed road access at Gowganda West Gold Project, Ontario, Canada; existing mill, grid power, and tailings facility 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.

5.1/10
Weaker profileStronger profile
5.1/10 vs.
Price Chart
$0.179$0.114$0.064$0.079$0.116SepDecAprJulOct
Sep 22, 2025 – Oct 15, 2026
News
$0.13
+128.3%from low-42.9%from high
$0.057$0.23
$9.5M
Far belowFar above
$9.5M vs. $22.2M peer median
Price (USD - Local)
US$0.13 (CAD 0.19)
Cash Position (USD)
Debt (USD)
$0
Far aboveFar below
$0 vs. $0 peer median
$9.5MEstimated: no verified cash figure (counted as $0)
Far belowFar above
$9.5M vs. $19.6M peer median
72.5M
Far aboveFar below
72.5M vs. 154.5M peer median
Jurisdiction
Canada

Acquisition Susceptibility

How this is calculated
4.6/10
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: 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 stage
    Sub-score:
    1/10

    Stage: Grassroots Exploration

    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
  • 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% · 26% 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% · 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.

Overall Score Trend
-16.4% since 2026-09-20 · -16.4% from peak

Your Rankings

Community Sentiment
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Management Team

President and Chief Executive Officer of iMetal Resources Inc. (TSXV: IMR). Involved in the development of companies for over 20 years, with roles spanning investor relations, business development and senior management. Previously a key member of U.S. Geothermal Inc.'s team. Source: imetalresources.ca/corporate/.

Chief Operating Officer and a Director of iMetal Resources Inc. (TSXV: IMR); also Geological Consultant (Advisory Board) to Atomic Minerals Corporation. P.Geo. A Professional Geoscientist with 40 years of experience in domestic and international exploration for metals and minerals. President of Mammoth Geological Ltd. since 1991.

Chief Financial Officer of iMetal Resources Inc. (TSXV: IMR), appointed as announced 31 August 2026; also Chief Financial Officer of Riverside Resources Inc., Capitan Silver Corp., Outcrop Silver & Gold Corporation, Blue Jay Gold Corp., Bullfrog Gold Corporation, Electric Royalties Ltd and ValOre Metals Corp. CPA, CA and CFA charterholder with more than 25 years of experience in accounting and corporate compliance, corporate finance, and merchant and commercial banking, including the past 18 years as a senior officer and director of a number of TSX Venture Exchange-listed issuers. During that time has helped raise more than $250 million in equity, with extensive experience in initial public offerings, reverse takeovers, corporate restructurings, mergers and acquisitions and cost-effective operations management. Founder and President of Corex Management Inc. Current and past management positions include Capitan Silver Corp. (TSXV: CAPT), Blue Jay Gold Corp. (TSXV: JAY), Riverside Resources Inc. (TSXV: RRI), Outcrop Silver & Gold Corporation, Electric Royalties Ltd, Bullfrog Gold Corporation and Great Bear Resources Ltd. (acquired by Kinross Gold Corporation in 2022 for approximately C$1.8 billion).

An Independent Director of iMetal Resources Inc. (TSXV: IMR), appointed as announced 31 August 2026. Has served as President of the Vancouver-based New Dawn Group for more than 43 years, an investment and financial consulting firm specialising in corporate finance, merchant banking and the administration of public companies; before helping launch numerous junior natural resource companies he worked as an investment banker. Has served as a director, lead director, officer and strategic advisor to companies listed on the TSX Venture Exchange, Toronto Stock Exchange and U.S. exchanges. Was an independent director of Prime Mining Corp. (TSX: PRYM) from August 2019 to August 2023, during the advancement of the Los Reyes Gold-Silver Project in Sinaloa, Mexico; Prime was later acquired by Torex Gold Resources Inc. (TSX: TXG) in October 2025 in a transaction initially valued at approximately C$449 million. Also a Founding Partner, Director and Chair of the Audit and M&A Committees of U.S. Geothermal Inc. (NYSE MKT: HTM), acquired by Ormat Technologies Inc. (NYSE: ORA) in 2018 for an enterprise value exceeding US$200 million. Currently serves in board, advisory and audit committee roles with several Canadian public companies including Condor Resources Inc. (TSXV: CN). Source: iMetal's own 31 August 2026 appointment release.

A Director of iMetal Resources Inc. (TSXV: IMR), appointed as announced 2 September 2026. A veteran mining executive and senior consultant with a multi-decade track record of managing high-value global operations. As Vice President of Projects at Ivanhoe Mines Ltd. he directed major African exploration and feasibility initiatives for three separate projects in South Africa and the Democratic Republic of the Congo. His executive career also includes General Manager for Falconbridge Ltd.'s Sudbury Mines/Mill Business Unit, overseeing a $350 million budget, and Project Director for the $550 million Kidd Mine 'D' expansion project in Timmins, Ontario. International leadership experience includes General Manager for Falconbridge Chile S.A., managing interests in the $1.8 billion Collahuasi Copper Project, and membership of several standing board committees and the executive Expansion Steering Committee for Falconbridge's New Caledonia Nickel Laterite Project, helping guide strategy for the Koniambo nickel development (initial investment $1.4 billion). Previously Regional Exploration Manager for Eastern North America, and Project Manager for the $388 million Raglan Project in Northern Quebec, where he successfully negotiated the Raglan Benefits Agreement with the Inuit of Northern Quebec, following an earlier role as Chief Geologist for that project. Source: iMetal's own 2 September 2026 appointment release.

Vice President, Exploration of iMetal Resources Inc. (TSXV: IMR), appointed as announced 17 September 2026. A Professional Geoscientist with more than 15 years of experience in mineral exploration and mining across Canada, spanning grassroots exploration through advanced-stage projects in gold and critical minerals. Has planned and managed programs involving geological mapping and prospecting, geophysical surveys, drilling, geological modelling, target generation and technical reporting, in technical and management roles with junior exploration and mining companies on projects in Ontario, Nova Scotia, British Columbia and elsewhere in Canada. Founder and President of Verge Geological Consulting Ltd. and President of the Nova Scotia Prospectors Association. Holds a B.Sc. in Earth Sciences from Carleton University and is registered as a Professional Geoscientist in Nova Scotia, Ontario and British Columbia. Source: iMetal's own 17 September 2026 appointment release.

Chief Financial Officer and Secretary of Goldstorm Metals Corp., Chief Financial Officer of Viscount Mining Corp. and DLP Resources Inc, Chief Financial Officer & Director of Freeport Resources Inc., and an advisor to iMetal Resources Inc. (TSXV: IMR), whose board he left on 31 August 2026. A partner at Cross Davis & Company LLP with over 20 years in finance and accounting for publicly-listed companies, whose experience includes CFO positions at TSX Venture Exchange companies and roles at Appleby and Davidson & Company LLP.

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

No smart-money tracking (institutional/large-investor activity) for this miner yet — this is a planned feature, not live data.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

iMetal Resources explores the Gowganda West gold project in Ontario, south-west of Kirkland Lake and west of the town of Gowganda. Drilling reported in February 2026 returned a 16.65m gold interval within a broader 62.25m mineralised intercept, with long mineralised intervals in two of six holes. In August 2026 the company closed a private placement that included a strategic investment by McFarlane Lake Mining, and in September it appointed Morgan Verge as vice-president of exploration to lead work at Gowganda West. No NI 43-101 resource has been estimated.