Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. Sokoman is one of the largest landholders in Newfoundland, in Canada's newest and rapidly emerging gold districts.
In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. The agreement provides for Piedmont to earn up to 62.5% of the Killick Lithium Project (formerly Golden Hope project) by funding up to $12 million in exploration expenses and issuing $10 million common shares in three stages. The Killick Lithium Project has been transferred to Killick Lithium Inc. (Killick), a 100%-owned subsidiary of Vinland Lithium Inc. (Vinland). Newly created Vinland has received $2 million in financing from Piedmont for a 19.9% interest, with the balance of ownership between Sokoman and Benton. Sokoman and Benton will continue to operate the exploration efforts at Killick through the earn-in stages. Sokoman and Benton will retain a royalty of 2% NSR on future production. Piedmont will have exclusive marketing rights for the promotion and sale of any lithium products produced from the project on a life-of-mine basis, and the right of first refusal on 100% offtake rights to the lithium concentrates.
Company Details
- Employees
- 5
- Founded
- -
- Address
- 82 Richmond Street East, Toronto,ontario M5c 1p1,canada
- Industry
- Mining
- NAICS
-
Mining (except Oil and Gas)
- Website
- sokomanmineralscorp.com
- HQ
- Toronto, Ontario
Sokoman Minerals Corp. Questions
Sokoman Minerals Corp.'s website is sokomanmineralscorp.com
Sokoman Minerals Corp.'s LinkedIn profile is https://ca.linkedin.com/company/sokoman-minerals-corp
Sokoman Minerals Corp. has
5 employees.
View email and phone details for 5
employees at Sokoman Minerals Corp..
Sokoman Minerals Corp.'s industry is
Mining
Sokoman Minerals Corp.'s top competitors are
Wesdome Gold Mines,
Exploits Discovery Corp.,
Benton Resources Inc.,
Centerra Gold Inc.,
Snowline Gold Corp.,
West Red Lake Gold Mines Ltd.,
Goliath Resources Limited,
New Found Gold Corp.,
Ophir Metals Corp.,
Aumega Metals.
Sokoman Minerals Corp.'s categories are Mining
Sokoman Minerals Corp.'s founding year is 2006
