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Stratabound Minerals Corp. is a well-funded mineral exploration, development and mining company publicly trading since 1987. Stratabound is a reporting issuer in the Provinces of Alberta and British Columbia, and a Tier 2 company listed on the TSX Venture Exchange (Symbol: SB). The Company is also listed in the United States under the OTCQB listing symbol “SBMIF”.
The Company has been active in its pursuits since incorporation financed by private placements of shares to individuals, investment funds, joint ventures, production revenue from base metals mining, petroleum operations, and property options and sales.
In 2017 the “New” Stratabound assembled a new board and executive management, re-focussed, and began acquiring exceptional opportunities in overlooked, high-potential gold projects in premium North American mineral districts with the objective of transforming the Company into a precious metal producing Company generating its own revenue to develop and grow a pipeline of quality, early-stage mineral assets.
In April, 2023, Stratabound released a technical report on the Preliminary Economic Assessment of the Fremont Gold Project (dated March 31, 2023 with effective date of February 15, 2023). Highlights of the PEA are as follows:
After-tax net present value (“NPV”) (discount rate 5%) of US$217M, internal rate of return (“IRR”) of 21% and payback of 4.2 years at a gold price of US$1,750/oz
11-year mine life producing 1,303,000 ounces of gold
Average annual gold production of 118,000 ounces over life of mine (“LOM”), with a peak production of 157,000 ounces in the 4th year
Average cash cost of US$924/oz and all-in sustaining cost (“AISC”) of US$1,162/oz gold
Initial Capital Expenditure of US$203M
Annual process plant rate of 2.19 M tonnes at an average feed grade of 2.4 g/t Au and average overall gold recovery, including offsite processing, of 75.4%
The Company is also advancing its other advanced-stage Dingman, ON and early-stage Golden Culvert, YT, McIntyre Brook, NB, gold projects, as well as a significant land position hosting three base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain Copper-Cobalt-Gold Deposit.
Stratabound has completed a thorough technical due diligence and concludes that Fremont is an excellent candidate to develop to production as efficiently and expeditiously as possible, and that Stratabound has the ideal team and resources to execute on that vision. Furthermore, the team is confident of Fremont’s exploration potential to significantly expand the existing mineral resources.
Stratabound’s new team consists of a seasoned group of mining executives, operators and financiers with extensive experience financing, developing and operating mining projects around the world. The management team and Board are well experienced veterans in all facets of mining and have a strong background of experience in small- through large-scale mining operations gained through increasing management responsibility over the course of their respective careers spanning entry-level through to senior executive-level positions in such companies as Rio Tinto, Vale, Inco, Teck-Cominco, Barrick, Jaguar Mining, Royal Oak Mines and Silver Standard to name a few.
Stratabound intends to accretively grow the Company from a near-term to a fully operational precious metals producer commencing with Fremont.
Solicitor
Dentons Canada LLP, Calgary
Auditor
McGovern Hurley LLP
Banker
Royal Bank, St. Catharines
Registrar and Transfer Agent
Odyssey Trust Company, Calgary
Stock Exchange Listings
TSXV; Symbol: SB
SEDAR
Click here to view Stratabound’s publicly filed documents.
Corporate Practices
Stratabound’s Corporate Governance Practices can be seen at this link.
Audit Committee
Stratabound’s Audit Committee consists of the following board members:
Scott Rasenberg (Chair)
Hashim Ahmed
Chad Tappendorf
The charter of the Audit Committee can be seen at this link.
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