Northwire Canada EditionSunday, July 26, 2026
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Production / Operations

Cartier Builds on 2025 Success to Drive 2026 Growth

NFLD · Price

Executive Summary

  • Cartier Resources reports significant 2025 achievements, including a 7% increase in Measured & Indicated resources and a 48% increase in Inferred resources at the Cadillac Project.
  • The company secured substantial funding, completed a major 100,000‑metre drill program, and entered a four‑year option agreement with Exploits Discovery Corp. to potentially earn 100 % of three properties for up to $1.75 M cash, 9.25 M Exploits shares, and $12.25 M in expenditures.
  • Outlook for 2026 includes continued high‑grade drilling, AI‑targeted exploration, delivery of metallurgy and environmental baseline studies, and preparation of an updated scoping study.

Key Details

  • Management Restructuring: Initiated restructuring to position the company for next‑phase growth.
  • Funding Secured: Obtained significant financing (details not disclosed) providing financial strength for execution of plans.
  • Option Agreement with Exploits Discovery Corp.:
  • Four‑year option to earn 100 % interest in Wilson, Fenton and Benoist properties.
  • Consideration: up to $1,750,000 cash, 9,250,000 common shares of Exploits, and a minimum of $12,250,000 in property expenditures.
  • Drill Program: Launched a 100,000‑metre diamond drill campaign—the most ambitious to date—on schedule and on budget; high‑grade results have expanded known zones and increased resource confidence.
  • Resource Update (Cadillac Project):
  • Measured & Indicated: 9,953,000 t @ 2.40 g/t Au = 767,800 oz, a 7 % increase.
  • Inferred: 35,185,000 t @ 2.14 g/t Au = 2,416,900 oz, a 48 % increase (refer to Dec 18 2025 release).
  • Market Capitalization: Exceeded CAD 100 M.
  • Technical Studies: Awarded two major mandates for metallurgy studies and environmental baseline studies; delivery expected Q2–Q3 2026.
  • Digital & Marketing: Launched a new corporate website and intensified marketing efforts.
  • 2026 Plans:
  • Ongoing high‑frequency drill results from historic gold showings and AI‑targeted targets.
  • Completion of metallurgy and environmental baseline studies (Q2–Q3 2026).
  • Updated resource modeling and preparation of a scoping study for the entire project.

Notable Quotes

  • “...2025 was a highly value‑accretive year for the Cadillac Project, significantly advancing its geological understanding and growth potential.” – Ronan Deroff, Vice President Exploration
  • “...we believe our disciplined approach and focused execution will position the Company to create long‑term value and deliver meaningful rewards for Cartier’s shareholders.” – Philippe Cloutier, President & CEO
Read the original news release →

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