Summary
SLAM Exploration Ltd. (TSX-V:SXL; US-OTC: SLMXF) is a Canadian resource company with 100,000 acres (40,000 hectares) of copper, nickel, cobalt and gold holdings in the mineral-rich province of New Brunswick. Key projects are the Goodwin copper-nickel-cobalt project, the Menneval gold project and the Jake Lee gold project.
Stock Chart
Share Structure
| As of November 4, 2025 | |
| Shares Issued | 130.6M |
| Warrants | 28.4M |
| Options | 7.0M |
| Fully Diluted | 166M |
Investment Highlights
- New Gold Discovery July 9, 2025 – SLAM reported gold assays ranging from 7.42 g/t tp 94.80 g/t Gold from grab samples collected during the 2025 trenching program.
- Successful IP Survey August 21, 2025 – SLAM’s IP Survey expanded target at depth beneath Farquharson, Granges, and Logan zones at the company’s 100% owned Goodwin copper-nickel-cobalt project
- Successful Financings September 8, 2025 – Closed a non-brokered private placement of up to 2,500,000 units at a price of $0.40 per unit, for gross proceeds of up to $1,000,000. Each unit consisted of four (4) flow-through common shares; one (1) non-flow-through common share; and two and one-half (2.5) transferable non-flow-through common share purchase warrants
- Recent Impressive Intercepts October 15, 2025 – SLAM drilled an 81 and 74-meter core intervals containing mineralized zones with pyrrhotite and chalcopyrite (copper). Assays are currently pending.
Projects
Goodwin Copper-Nickel-Cobalt Project
Located 35 kilometers south of the Caribou mine in the BMC, has shown promising results with significant copper, nickel, and cobalt intercepts from 15 diamond drill holes completed in 2024. Key highlights include a 64.90-meter core interval grading 2.19% copper equivalent at the Granges zone, and a 60.60-meter interval grading 1.17% copper equivalent at the Farquharson zone.
Jake Lee Gold Project
Slam discovered a new gold vein with 8 grab samples ranging from 7.42 grams per tonne (g/t) to 94.80 g/t gold from a trench reported July 8,2025. This road-accessible new gold discovery on Slam’s wholly-owned Jake lee claims is located 35 km west of Saint John, New Brunswick Slam has optioned the adjacent Love Lake claim where the Company intends to find the source of gold- bearing quartz float grading 302.5 g/t gold discovered by previous workers.
Menneval Gold Project
Our wholly owned Menneval Gold Project, is located in the mineral-rich province of New Brunswick, and is a cornerstone of the company’s gold exploration portfolio. Highlight intercepts include 162.5 g/t gold over 0.2 meters and 121.00 g/t gold over 0.31 meters. Noteworthy discoveries include Vein No. 22, which is located 200 m southeast of vein No. 18 which was reported to have multiple sites of visible gold which was traced over 114 meters.
Management Profiles
Mike Taylor, P. Geo President, CEO, and Director
Mike has been SLAM Exploration Ltd.’s CEO since 1996, led its TSX-V listing and built a precious/base metal portfolio. Veteran of New Brunswick’s mineral exploration industry - discovering the Farley Lake and Maisie gold deposits, and is a former Director of the Prospectors and Developers Association of Canada.
Jimmy Gravel Vice President and Director
A sales and marketing grad, has since gained geological expertise in Canadian mining. He leads Florence Creek Inc. (Yukon), co-founded 21Alpha Resources Inc. (Nova Scotia), and heads NBGold Inc. (New Brunswick). As former CEO of Genius Properties, he led its shift to Cerro De Pasco Resources, now worth over $100M.
Jacques Turcotte Director
Education in civil engineering, IT management, and financial planning, bringing 35 years of real estate and construction expertise and over 15 years of experience being an investor and business development advisor for Canadian mining exploration companies.
Jim Henning CFO
Mr. Henning is a Chartered Accountant and has served as the Founder and President of Corpfinance Advisors Inc. since 1984. He brings extensive experience in business valuation across a wide range of industries and has advised companies on financing, public offerings, and corporate restructuring initiatives. His sector expertise includes retail cannabis, manufacturing, telecommunications, software, biomedical, oil and gas services, renewable energy and mining. Mr. Henning currently serves as Chief Financial Officer for several companies listed on the TSX Venture Exchange and the Canadian Securities Exchange.