Rackla Metals Inc.
Rackla Metals Inc. is a Vancouver-based explorer whose current flagship is the 100%-owned Lentung Tungsten Deposit (formerly known as Lened) in Canada's Northwest Territories: a historic tungsten skarn belt where Union Carbide drilled 26,900m across 178 holes and identified 15 tungsten occurrences over a 15km strike in 1977-82 (historic, non-NI 43-101 grades of ~1.14-1.27% WO3, not verified by a qualified person and not to be relied on), and where Rackla began its first drilling in 44 years on 17 Aug 2026 (a 10,000m program), following a 2026 land-use permit and a $3.44 million private placement, targeting a maiden NI 43-101 resource estimate by late 2026/early 2027. Rackla also holds the Lened Rare Earths project and the RIRGS gold prospect portfolio (Calypso, Ogre, Grad-Manta, Black, Astro Plutonic Complex) in the same NWT land package -- this includes the Grad property, previously this database's cited flagship: Grad's 2024 surface sampling returned high-grade gold (up to 92.40 g/t Au at the BiTe showing), but its maiden 2025 drill program (best hole 10.5m at 2.56 g/t Au) 'did not return continuity of the surface mineralization and failed to intersect significant gold mineralization,' per the company's own release, and Grad has since been demoted to a secondary RIRGS prospect as Rackla's exploration focus shifted to tungsten. Rackla has NO current interest in the Misisi Gold Project or its Akyanga deposit in the Democratic Republic of Congo: a May 2021 agreement to acquire a 73.5% interest (via Golden Mining Ltd) was formally CANCELLED on 31 Mar 2022 after Rackla and Golden Mining could not raise the financing needed to cover the project's underlying debts (Rackla had already paid US$367,000 in non-refundable fees toward the deal). The Misisi/Akyanga project -- including the 3.1 Moz inferred gold resource previously cited in this database -- is now owned and being actively drilled by an unrelated company, Avanti Gold Corp (CSE:AGC / OTC:AVTGF), whose own further drilling has since updated that resource to 3.11 Moz inferred at 2.37 g/t. Rackla has no NI 43-101 mineral resource estimate on any project it currently owns.
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
Founder, Chief Executive Officer, and Chairman of Radius Gold Inc. Prospector and mining financier who began his career in the Yukon Territory in the 1970s; discovered gold deposits in Honduras, Guatemala, and Nicaragua and silver deposits in Mexico; founded Fortuna Silver Mines and Volcanic Gold Mines.
Chief Financial Officer of Radius Gold Inc. 20 years of financial-reporting experience in mining and information technology; currently serves as CFO for multiple public junior exploration companies operating across Canada, the U.S., Latin America, and Europe; Bachelor of Management with an accounting major.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Four different insiders -- including well-known mining financier Simon Ridgway, acting here as a company director -- bought on the open market between June and August 2026, with no offsetting selling found. No institutional or specialist fund holder is on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Rackla has no NI 43-101 mineral resource estimate on any project it currently owns. Lentung Tungsten Deposit (flagship): historic (non-NI 43-101) Union Carbide data from 1977-82 drilling (26,900m/178 holes) indicates average mill grades of ~1.14-1.27% WO3 across 15 tungsten occurrences over a 15km strike -- 'not been verified by a qualified person,' per the company's own current site; a maiden NI 43-101 resource estimate is targeted for late 2026/early 2027 off an active 10,000m 2026 drill program (first drilling at Lentung in 44 years, begun 17 Aug 2026). Grad-Manta (RIRGS prospect, formerly this database's cited 'Grad property' flagship): 2024 surface sampling returned up to 92.40 g/t Au (BiTe showing); the maiden 2025 drill program's best intercept was 10.5m at 2.56 g/t Au (hole G25-009), but per the company's own release 'did not return continuity of the surface mineralization and failed to intersect significant gold mineralization.' [2026-08-20 correction]: this field and ouncesFound previously cited a 3.1 Moz inferred Akyanga deposit (Misisi Gold Project, DRC) that Rackla was described as 'in the process of acquiring' -- that acquisition was cancelled 31 Mar 2022 and Rackla has never closed on or owned Akyanga; see description/projectName MetricSource for the full correction and citations. Akyanga is now owned by Avanti Gold Corp (CSE:AGC), unrelated to Rackla, whose further drilling has updated the resource to 3.11 Moz inferred at 2.37 g/t.
No reports or presentations linked yet.