Total Metals Corp.
Total Metals Corp. (TSXV: TT; OTCQB: TTTMF) is a gold-led explorer in northwestern Ontario with four lead properties. Its most advanced is the High Lake gold property on the Ontario-Manitoba border, about 35 km west of Kenora, where the Purdex Zone carries an Indicated resource of 151,900 tonnes at 9.38 g/t gold for 45,800 ounces and an Inferred resource of 287,400 tonnes at 10.43 g/t gold for 96,200 ounces (P&E Mining Consultants, effective April 14, 2023), its only Indicated resource; Total Metals bought High Lake and the adjoining West Hawk Lake property in Manitoba, which carries only a 1983 historical estimate, from McFarlane Lake Mining in October 2025. At the Electrolode copper-zinc-silver-gold property in the Red Lake Mining District, the Arrow Zone carries an Inferred resource of 2.11 million tonnes at 0.66% copper, 4.74% zinc, 17.92 g/t silver and 0.66 g/t gold, and the company drilled 8,408 m in 25 holes there in 2026. Total Metals also explores the Menary gold property and the Pick Lake zinc property, whose resource is a historical estimate.
Notable vs. Peers
- Trading within 2% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility.
Not yet determined: mill, tailings facility, grid power.
Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
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. Spans four properties across two Tier-1 Canadian provinces: Electrolode (Red Lake Mining District) and Menary (Kenora Mining Division) in northwestern Ontario, High Lake also in northwestern Ontario, and West Hawk Lake in southeastern Manitoba (Rice Lake greenstone belt).
Infrastructure (40%)7.9/10
Confirmed road access and confirmed grid power at High Lake Gold Property (Purdex Zone), Ontario, Canada; existing mill and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Tanco (Sinomine Resource Group Co., Ltd.), 84 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
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:3.9/10
Nearest producing mine: Tanco (Sinomine Resource Group Co., Ltd.), 84 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
Independent Director of Total Metals Corp. (TSXV: TT). P.Geo; University of Toronto graduate. 20+ years' experience in mining exploration throughout Canada and Latin America; Qualified Person under NI 43-101. Source: totalmetalscorp.com/team.
Independent Director of Total Metals Corp. (TSXV: TT). LLB/MBA; University of Ottawa graduate; Chartered Director. 35+ years of advisory and board experience in power, energy and infrastructure; board roles with TSX-, NASDAQ- and TSX Venture Exchange-listed companies. Source: totalmetalscorp.com/team.
VP Sustainability at TDG Gold Corp.; also a director of Total Metals Corp. (B.NS, MBA) Member of K'omoks First Nation; 26+ years in Indigenous engagement/relationship-based project development; authored a book on Indigenous economic reconciliation in the resource sector.
Executive Chairman of Total Metals Corp. (TSXV: TT). B.Sc Geology, University of Waterloo. 30 years of Canadian exploration and mining experience, including 11 years as Senior Geologist with Goldcorp Inc. in Red Lake, Ontario. Also Mayor of Erin, Ontario and Wellington County Councillor (current, concurrent, non-mining). Source: totalmetalscorp.com/team.
President & Chief Executive Officer of Total Metals Corp. (TSXV: TT). MBA, Warwick Business School. Involved in resource projects since 2008; prior roles with Enbridge, Williams Energy and Centrica Energy on land acquisitions and permitting; 5 years as an Area Lead for Canadian Natural Resources Limited in Western Canada; prior board director roles at junior resource companies. Source: totalmetalscorp.com/team.
Senior Advisor to Total Metals Corp. (TSXV: TT). PhD, P.Eng, FAusIMM; Colorado School of Mines graduate. 24+ years in mining, exploration, corporate development and investment banking. Prior roles: Mine Planner Engineer for Dynatec Corporation on Northern Ontario mine startups; Manager of Corporate Development for IAMGOLD Corporation, raising over $600 million. Source: totalmetalscorp.com/team.
VP Exploration of Total Metals Corp. (TSXV: TT). P.Geo; Queen's University and University of Waterloo graduate. 30 years' experience in gold and critical-metals exploration throughout North America, including Director Exploration roles with Yamana Gold Inc. and Pan American Silver Corp. and senior roles with Goldcorp Inc. and Placer Dome Inc. Source: totalmetalscorp.com/team.
Exploration Lead of Total Metals Corp. (TSXV: TT). P.Geo; Lakehead University graduate. 40 years of exploration, production and management expertise, including a key role in the discovery and development of the 'High-Grade Zone' at Goldcorp Inc.'s Red Lake Mine; VP of Exploration for Mega Precious Metals Inc. and Premier Gold Mines Ltd. Source: totalmetalscorp.com/team.
Chief Financial Officer of Homeland Nickel Inc.; also Corporate Secretary of Oreterra Metals Corp. and Chief Financial Officer of Total Metals Corp. (CPA, MBA) Chartered professional accountant providing consulting and accounting services to private and public companies as Managing Director of a firm of chartered professional accountants; has served as CFO of several reporting issuers and is also CFO of Kermode Resources Ltd. BA Economics, University of Toronto; MBA, McMaster University.
A Director of Copper Road Resources Inc. (TSXV: CRD), and concurrently an Independent Director of Total Metals Corp. (TSXV: TT). CPA. Over 40 years of financial service, business development, marketing, accounting and CFO experience, having worked at both small and large national accounting firms advising small and mid-sized businesses. His background includes 14 years with three national brokerage firms -- Midland Walwyn, Merrill Lynch and BMO Nesbitt Burns. Holds a B.A. Honours in Chartered Accountant Studies and Economics from the University of Waterloo and received his Chartered Accountant designation in 1985. Chairman of Quinsam Capital Corporation, a Canadian merchant bank, and sits on various public company boards.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No institutional or strategic holder is on record. A 10%-holder, Rachel Bellian, made three genuine open-market purchases in the second half of 2025 -- real but a single insider, right at the edge of the trailing 12-month window.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Total Metals is a gold-led explorer in north-western Ontario. Its most advanced asset is the High Lake gold property on the Ontario-Manitoba border, about 35 km west of Kenora, where the Purdex Zone carries an indicated resource of 151,900 tonnes at 9.38 g/t for 45,800 oz of gold, with no measured category, plus 96,200 oz inferred, effective 14 April 2023; it bought High Lake and the adjoining West Hawk Lake property in Manitoba from McFarlane Lake Mining in October 2025. At the Electrolode copper-zinc-silver-gold property in the Red Lake district, the Arrow Zone carries an inferred resource of 2.11 million tonnes at 0.66% copper, 4.74% zinc, 17.92 g/t silver and 0.66 g/t gold, and the company drilled 8,408 m in 25 holes there in 2026. It also explores the Menary gold property and the Pick Lake zinc property, whose resource is a historical estimate.