Nuvau Minerals
Primary tickers: TSXV:NMC; OTC:NMCPF
Stage of development: Development
Primary mineral: Polymetallic, Primarily Copper and Zinc
Project to promote: Matagami Mining Camp
Project location: Canada
Website: www.nuvauminerals.com
Nuvau Minerals Corp. is a public mining company that is working to restart mining operations at Quebec’s Matagami Mining Camp. The property is well located in the world-renowned Abitibi greenstone belt. Founded in 2022, Nuvau has made significant progress, completing a qualifying transaction to begin trading on the TSXV under the symbol of NMC on December 17, 2024. The qualifying transaction also included concurrent financings raising gross proceeds of approximately $9.2 million, which included participation from certain Quebec investment funds, further building a strong shareholder base. Matagami’s 1,300 square kilometer land package boasts significant volcanic massive sulfide (VMS) deposits, and Nuvau’s 2025 plans are focused on advancing exploration to continue growing resources, pursuing new discoveries and further advancing plans for a future production decision. Key milestones for 2025 include the completion of the earn-in agreement with Glencore to acquire 100% ownership of Matagami; continued exploration drilling at the Renaissance Zone and McLeod Extension sites on the property; a drill program to continue to test geophysical anomalies in the northern part of the property; and the continuation of the sonic drilling program in the western part of the property to explore further till anomalies.
Additionally, Nuvau is advancing plans to update the PEA with the aim of optimizing the Caber Complex mine plan and incorporating the potential restart of the Bracemac McLeod Mine into the economic analysis. Drilling at the Caber Complex will also focus on converting resources and collecting samples for metallurgical studies in preparation for a feasibility study. The 2023 NI43-101 technical report confirms a robust mineral resource at Caber Complex, projecting a 9 ½-year mine life. Existing infrastructure, including a 3,000 tpd mill and a permitted mine, allows Nuvau to minimize capital requirements for a production restart by 2027, allowing the company to generate revenue while continuing to explore for additional resources, including gold potential, on the property.
Cash: CAD$6M
Debt: /
Major shareholders:
EuroPac Gold Fund – 16.1%
Ewan Downie 13.9%
Sprott Asset Management – 12.3%
Michael Vitton – 7.5%
CDPQ – 6.5%
Management ownership – 23%
Financials
Management Profile
Peter van Alphen, President and CEO – Co-founder of the company together with Ewan Downie, Peter brings over 25 years experience in progressive leadership roles at mining operations ranging from both a corporate, project construction and operations. Most recently COO of Premier Gold Mines Ltd, where he oversaw Premier’s mining and development projects. Previously Peter served as Country Manager for Canada at Pan American Silver, VP of Operations for Tahoe Resources, and VP of Operations for Lake Shore Gold. He was also involved in various management positions with FNX Mining in Sudbury, with the building of Podolsky Mine and reopening of Levack Mine.
What is your rationale for taking part in 121 Mining Investment?
Nuvau is working to raise additional financing for the continued development of the Matagami property in Quebec. We look forward to providing potential investors with an insight into the company and our business model for generating revenue in the short term while building upside through exploration potential.
What recent news would you like to highlight to investors attending?
17 December – Nuvau begins trading on the TSX.V under the symbol NMC
4 March – results from the 2023 sonic drill program yield gold till anomaly
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Conduct exploration on the property to complete a 25,000m drill program aimed primarily at the exploration of our two discoveries, Renaissance and the McLeod Extension. This exploration program, as well as the work planned to advance the engineering and permitting required for a production restart, will see the completion of the earn-in agreement with Glencore, resulting in Nuvau being the 100% owner of the property.
6 Months:
Continue with the aggressive exploration of the Matagami property while also continuing to advance the restart of production from the property in the near term.
12 Months:
Publish exploration results and and an updated PEA that optimizes the the Caber Complex mine plan and incorporating the potential restart of the Bracemac McLeod Mine into the economic analysis, in preparation for a feasibility study.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Global market uncertainty has presented some risks and challenges, however we believe the fundamental need for copper, zinc, and other critical minerals will not disappear. We aim to mitigate investor risk by bringing the mine back online and into production by 2027 while also continuing to explore the property for additional potential.
What do you think makes your company such a compelling investment?
What sets Nuvau apart from its peer group is the quality of the Matagami asset, not just from the perspective of the exploration potential on the property but also the fact that we already have resources identified that will allow for over 10 years of mine life. These significant differentiators that Nuvau offers is then further enhanced by the ownership of the existing infrastructure on the property, this includes the permitted 3,000 tpd mill as well as the permitted and built Bracemac McLeod mine. All this combined make Nuvau a very compelling investment that will see significant shareholder value added through both exploration and the near term restart of the production from the property with a very low start up CAPEX requirement.
What are the top 3 key investor takeaways?
– A Quebec property with a significant land package in the Abitibi with demonstrated opportunities for ongoing exploration success.
– With existing resources, the company has demonstrated the near term production potential of the property
– The quality infrastructure on the property allows for a very executable plan, to get the property back into production in the near term