Our Company

Buchans Resources is focused on districts and opportunities with demonstrated potential for exceptional mines. 

Leadership Team

Meet our experienced leadership team with a proven track record of generating value for all stakeholders.

Strategy

Buchans is committed to development that benefits our people, our communities, and our planet.

Responsibilities

Buchans is focused on developing a project that’s safe and efficient, that complies strictly with regulations, and delivers value to all.

About Buchans Resources

Buchans Resources Limited is exploring for gold in Newfoundland and Labrador as well as nickel, copper, and cobalt in Labrador.

Buchans Resources also holds equity interests in Canterra Minerals Corporation (TSX.V: CTM) with critical minerals and gold exploration on the island of Newfoundland,  Royalties Inc. (CSE: RI) with a base metal and silver project in Mexico, and in Minco Exploration PLC which holds base metal exploration licences in Ireland.

Buchans Resources is focused on mineral exploration and development in districts and on opportunities with demonstrated potential for the discovery of exceptional mineral resource deposits.

The directors and management of Buchans Resources have an established track record of discovering, developing and operating or selling mines and mineral properties across the world.

Buchans plans to advance its nickel, copper, cobalt and gold exploration assets in Labrador, with the goal of developing these long overlooked but promising assets over the next 18-months.

Latest News

Notice of Annual and Special Meeting of Shareholders 2024

INVITATION TO SHAREHOLDERS We are pleased to provide you with the accompanying management information circular (the “Circular”) for the annual and special meeting (the “Meeting”) of shareholders (“Shareholders”) of Buchans Resources Limited...

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Projects

Gold Projects in Newfoundland & Labrador

Buchans has gold exploration properties in Newfoundland & Labrador, including the Tasiuyak gold project in Labrador which is considered prospective for mineralization analogous to the former Homestake mine in South Dakota (40 M oz Au + 9 M oz Ag @ ~8.4 g/t Au).

Nickel-Copper-Cobalt Projects in Labrador

Buchans has several properties in Labrador considered prospective for Voisey’s Bay-style nickel-copper-cobalt deposits, including 9.5 km2  at South Voisey’s Bay, and 1.25 km2 at Voisey’s Bay itself.

Investments

Canterra Minerals Corporation

Buchans holds 24,910,000 common shares and 128,464,216 special warrants of Canterra Minerals Corporation (TSX.V: CTM), representing an approximate 19.9% interest, valued at approximately $14.5 million, based on a closing price of $0.095 per share of Canterra, as of December 31, 2023.

Canterra Minerals Corporation is a Canadian resource company focused on critical minerals and gold exploration on the island of Newfoundland. Canterra’s board and management team have over 40 years of experience searching for critical minerals, gold and diamonds in Canada.

 

Royalties Inc.

Buchans holds 33,000,003 shares of Royalties Inc. (CSE: RI), representing an approximate 15.3% interest, valued at approximately $1.32 million, based on a closing price of $0.040 per share of Royalties, as of December 31, 2023.

Royalties Inc. is focused on acquiring cash flow generating royalty opportunities, primarily resource royalties and media entertainment royalties from music, books, film and television for their long term copyright protected streaming revenue. Royalties Inc. has an indirect interest in approximately 27 cash-flowing music royalties thrugh its stake in Music Royalties Inc.

 

Minco Exploration PLC

Buchans holds 11,227,879 shares of Minco Exploration PLC, representing an approximate 14.4% interest, with a carrying value of approximately $846,704, as of September 30, 2023.

Minco Exploration holds zinc-lead exploration licences in the Republic of Ireland operated by its wholly owned subsidiaries, either alone or in joint venture with Boliden Tara Mines. Minco is participating at 20% in a joint venture with Boliden Tara Mines at 80% on Licence 1440R, which lies immediately adjacent to Boliden’s large 130 million tonnes Tara zinc-lead mine at Navan.