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About True North Gems
Its shares trade on TSX Venture under the ticker TGX.V. It has been listed since 25 November 2002.
True North Gems, Inc. is a junior exploration company, which engages in the exploration and development of coloured gemstone deposits. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2002-11-25. The firm is engaged in the exploration and development of colored gemstone properties in Canada. The firm intends to pursue business development opportunities in the resource sector. The Company’s properties include True Blue, Chuchinka, Cobalt Hill and Cyr-Kapiwak Lithium. The True Blue property comprises over 303 claims, which is situated approximately 55 kilometers (kms) south of Ross River, Yukon. The Chuchinka Property, which is situated over five kms east of Castlegar in southeastern British Columbia covering across 562.5186 hectares (ha). The Gold-Copper-Cobalt property is situated in south central British Columbia, around five kms east of Castlegar in southeastern British Columbia covering over 421.4467 ha. The Cyr-Kapiwak Lithium Property, which consists of around 42 mineral claims covering around 2,220.02 ha, is situated in the James Bay area of Quebec. The firm's subsidiary is Laval Critical elements Inc.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 25 Nov 2002
- Website
- truenorthgems.com ↗
Leadership
Pay as last reported
- Mr. Ken RalfsChief Executive Officer, Director, since 2017C$10,000
- Ms. Jacqueline TuckerChief Financial OfficerC$120,000
- Mr. Zygmunt RiddleDirector
- Mr. Andrew SmithDirector, since 2001C$90,000
- Mr. Ralf HillebrandIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- True North Gems Inc. explores over 303 claims at True Blue property in Yukon.
- The company manages 562.5186 hectares at Chuchinka Property in British Columbia.
- Laval Critical elements Inc. supports resource sector development in Canada.
Weaknesses
- The firm focuses on coloured gemstone deposits in Canada with limited international presence.
- True North Gems Inc. has no significant production yet from its properties.
- The company's properties are primarily in remote Canadian regions with high operational costs.
Opportunities
- The Cyr-Kapiwak Lithium Property in Quebec offers potential for lithium resource development.
- The Gold-Copper-Cobalt property near Castlegar presents new mining opportunities.
- True North Gems Inc. can expand into the growing lithium market through its Quebec property.
Threats
- The company faces competition from established mining firms in Canada.
- Remote locations of properties increase logistical challenges and costs.
- Economic downturns could reduce investment in junior exploration companies.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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