TomaGold
Financials:
Primary ticker: TSXV:LOT
Stage of development: Exploration, Development
Primary minerals: Gold, Copper, Lithium, Rare Earths
Projects to promote: Obalski Project and Star Lake
Project location: Canada
Website: www.tomagoldcorp.com
Corporate presentation: Click here
TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) is a Canadian mineral exploration company engaged in the acquisition, assessment, exploration and development of gold, copper, rare earth elements and lithium projects. TomaGold holds interests in five gold properties near the Chibougamau mining camp in northern Quebec: Obalski, Monster Lake East, Monster Lake West, Hazeur and Doda Lake, as well as a 24.5% interest through a joint venture with Evolution Mining Ltd. and New Gold Inc. in the Baird property, located near the Red Lake mining camp in Ontario.
In addition, it owns a 100% interest in a lithium property and in the Star Lake rare earth elements property, located in the James Bay region of Quebec.
Cash: CAD approx. 2.5M
Debt: NIL
Major shareholders:
IAMGOLD – 18.5%
Family offices/ Other funds – 30%
Close associates & family members – 15%
Management ownership – 2.8%
Management Profile
David Grondin – President & CEO
David Grondin has worked in the financial and mining sectors for over 20 years. He has been President and Chief Executive Officer of TomaGold since December 2011. He was President and Chief Executive Officer of NQ Exploration from October 2007 to May 2018 during the spin-off process that created Imperial Mining (TSXV: IPG) and AM Resources. He also acted as a financial analyst for CTI Capital Inc. from 1997 to 2000. Mr. Grondin has a bachelor’s degree in business administration (finance) from HEC Montréal and extensive experience in initial public offerings, mergers and acquisitions and reverse takeovers.
What is your rationale for taking part 121 Mining Investment?
We are looking for market support and get broader exposure to institutional investors.
What recent news would you like to highlight to investors attending?
2 March 2023 – TomaGold announces results of geophysical work on its Obalski property
24 Jan 2023 – TomaGold reports high-grade sample of 3.95% TREO at Star Lake and doubles the size of its property
6 Dec 2022 – TomaGold closes $974,125 first tranche of private placement and grants options
21 Oct 2022 – TomaGold acquires highly prospective Star Lake rare earth elements property in James Bay
21 Sept 2022 – TomaGold takes strategic position in the lithium sector with the acquisition of 107 claims near the Lithium Brisk project
16 Aug 2022 – TomaGold reports strong geophysical anomalies on the southern portion of Obalski
What are the top 3 key investor takeaways?
1. Very well capitalised.
2. Highly undervalued.
3. Projects with proven potential in a prolific mining camp.