Renegade Gold Inc.
Renegade Gold Inc. (TSXV: RAGE), formerly Trillium Gold Mines Inc. (renamed July 2023), is a gold explorer with a 1,542 km2 consolidated land position in the Red Lake mining district of northern Ontario, Canada. Its advanced-stage Rebel Gold Deposit carries a resource of 370,000 oz Indicated and 439,000 oz Inferred gold, complemented by an earlier-stage pipeline including Gullrock (permitting), BobJo, and the copper-silver Arrow West target. Headquartered in Vancouver; also trades OTCQB: RENGF and FSE: 0700.
Lifecycle Milestones
Not yet determined: mill, tailings facility, grid power.
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. Ontario, Canada -- Tier-1 mining jurisdiction, consistently top-ranked by the Fraser Institute for investment attractiveness.
Infrastructure (40%)6.4/10
Confirmed road access at Rebel Gold Deposit, Red Lake Mining District, Ontario, 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
Madsen (West Red Lake Gold Mines Ltd.) is 18 km away -- within shared-mill trucking range.
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:8.2/10
Nearest producing mine: Madsen (West Red Lake Gold Mines Ltd.), 18 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 stageSub-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 - JurisdictionSub-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 - 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% · 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.
Your Rankings
Management Team
President, Chief Executive Officer and Director of Renegade Gold Inc., appointed September 2025; also President & Chief Executive Officer of Xplore Resources Corp. Registered professional geologist with 20 years' experience in mineral production and exploration across gold and lithium projects in North America; held key roles in the Rice Lake region of the Red Lake greenstone belt, instrumental in the sale of the Rice Lake mine to Klondex Mines and the discovery of multiple new deposits.
Chairman of the Board of Renegade Gold Inc. ("Rick" Paolone). More than 32 years advising institutional portfolio managers across Canada and the United States, with extensive capital-raising and capital-markets experience for early-stage natural-resources public companies, including precious metals and energy.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
U.S. Global Investors' World Precious Minerals Fund, a genuine specialist precious-metals fund, holds a small stake. Middlefield Capital Corporation, a Canadian manager running diversified income mandates across real estate, healthcare and energy rather than a dedicated resource fund, separately discloses a real 5.22% stake -- a sizeable position, but generalist rather than a resource-sector conviction bet. At least three directors -- Dain Currie, Enrico Paolone and Devin Pickell -- have bought stock on the open market repeatedly through 2026, with no selling on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Renegade Gold, formerly Trillium Gold Mines, holds a consolidated land position of 1,542 km2 in the Red Lake mining district of northern Ontario. Its advanced Rebel gold deposit carries a resource of 370,000 oz indicated, with no measured category, and 439,000 oz inferred. Its earlier-stage pipeline includes the Gullrock, BobJo and Belanger projects and the copper-silver Arrow West target, and in June 2026 it began its first surface exploration program across its Confederation Belt properties, following a 3,815 line-km drone magnetic survey. No economic study has been published for Rebel.