Green Light Metals
Primary ticker: TSXV:GRL
Stage of development: Exploration
Primary minerals: Copper/Gold/Tellerium
Project to promote: Bend Deposit
Project location: USA
Website: Greenlightmetals.com
Greenlight Metals Inc. is a resource exploration company focused on the discovery and development of Copper/Gold assets within the states of Wisconsin, Nevada and Arizona. The company aims to support the transition to a low-carbon economy by exploring and developing large VMS projects within the Penokean Volcanic Belt in the Upper-Midwestern United States with a focus on metals essential for clean energy technologies.
Greenlight Metals holds a portfolio of projects that include The Bend VMS deposit (4Mt) and Reef Gold Project. The Bend deposit holds a historically resource of 4Mt with grades averaging over 2% Copper, 2 g/t Gold and 180ppm Tellerium. Greenlight will be launching its maiden drill program in at the Bend deposit in June, 2025.
Cash: CAD3.7M
Debt: Nil
Major shareholders:
Delbrook Capital-9.9%
Vestcor Fund-9.9%
Alex Gubbins (Private Investor)-14.9%
Management ownership – 7%
Management Profile
Matt Filgate- President/CEO
With over 15 years of expertise in mineral exploration, mine development, and corporate development, Matt has established a solid track record in the mining industry. Most recently, he served as Vice President of Corporate Development and Senior Geologist at Talisker Resources, where he played a pivotal role in driving strategic initiatives and overseeing geological assessments including the acquisition of the Bralorne Gold Project. Prior to this, he worked as a Senior Project Geologist with Barkerville Gold Mines.
What is your rationale for taking part in 121 Mining Investment?
Greenlight Metals will be looking for support on market and institutional introductions
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Initiate our Maiden Drill program at our Bend Copper/Gold Project.
6 Months:
Drilling prospective Swede anomaly in September, 2025.
12 Months:
Drill testing two regional VTEM anomalies in Wisconsin with high VMS discovery potential.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Market Conditions are the key risk factor for Greenlight. With steady news flow in 2025 and multiple drill campaigns, Greenlight is positioned well for share price accretion.
What do you think makes your company such a compelling investment?
Investment Highlights Summary:
Geological Advantage: The company is exploring the Penokean Volcanic Belt, known for high-grade polymetallic VMS deposits.
First Mover Advantage: It is one of the few companies actively exploring this belt, ensuring local representation in management and the Board for success in Wisconsin.
Strong Leadership Team: The team has a proven track record in exploration, resource growth, and M&A, with access to financial backing.
Financial Support: Backed by long-term institutional shareholders, high-net-worth individuals, and strategic investors; efforts are underway for TSX-V listing.
Growth Strategy: The focus is on expanding resources, generating new targets, and acquiring projects, controlling three of the belt’s most prospective deposits.
What are the top 3 key investor takeaways?
1. Greenlight controls one of North Americas most prospective VMS belts with multiple high grade deposits and VTEM anomalies with significant discovery potential.
2. Fully funded for 2025 exploration season: Drill testing 3 projects in 2025.
3. Modest evaluation of $13M CAD