Lannister Mining Corp.

General Information
Business:

(Incorporated in Vancouver, British Columbia)

We are a private Montana-based gold and silver developer focused on advancing the now consolidated, near surface, primarily oxide Basin Gulch Project (the “Property”, the “Basin Gulch Project” or the “Project”), the majority of which is on patented land.

We are a mineral exploration company focused on the exploration of the Property in west-central Montana (MT), U.S.A. The Project comprises 11 patented mining claims totaling 216.33 acres (87.55 hectares) and 131 unpatented mining claims totaling approximately 2,642 acres (1,069 hectares). The unpatented claims overlap the patented claims. The Project consists of 131 contiguous mineral claims (claim names: AG1 to AG50; AG13A; AG40A; AG39A; BG1 to BG78) covering 1060 hectares and is located approximately 27 kilometers from the town of Phillipsburg in Montana. We currently have a valid exploration license, a valid stormwater permit, and all the necessary exploration permits to conduct trenching, drilling, and other necessary exploration activities.

Our objective is to is to locate, define and ultimately develop economic mineral deposits. Currently, we are focused on the exploration and development of the Project. If we lose or abandon our interest in the Project, we will endeavor to acquire another mineral property of merit. All of our operations are at the exploration stage, and such activity might not result in commercial production of gold. Our net loss for the years ended September 30, 2023, and 2022 was C$(879,041) (approximately US$(649,458)) and C$(895,937), respectively.

Note: We have not generated any principal revenues to date and do not anticipate generating any principal revenue until the fourth quarter of 2026, at the earliest.

The Coming Commodity Supercycle and Growth in Demand

The gold industry encompasses a multifaceted ecosystem, spanning mining and refining, jewelry production, industrial applications, central bank reserves, and investments. Its demand is driven by a blend of emotional, cultural, and financial factors, and influenced by macroeconomic conditions, such as inflation and currency instability. 

Gold continues to be a symbol of enduring value, with diverse uses, from jewelry to powering technology and acting as a go to investment in times of uncertainty, all of which make it a resilient and sought-after asset in the global market. The long-term investment appeal is supported by its relative scarcity and long lead time from exploration to production.

From our perspective, gold exhibits an inverse price relationship to the US dollar. Since the beginning of 2021, the US dollar has appreciated as demonstrated by the US dollar index. We believe that this strength will reverse course which, in our opinion, could support a higher price for gold. Additionally, we hold the view that the US dollar is slowly losing its dominant status as the world’s reserve currency standing. We term this ‘global de-dollarization’ and further supports our idea of a weakening the US dollar.      

Increasing global tensions such as the ongoing conflict in the Middle East and fears that there could be further escalation of this crisis support the idea that there is a flight to safe assets such as gold given its history as a safe haven asset. In our opinion, this adds further support for a stronger gold price. 

Note: Net loss and revenue are for the fiscal year that ended Sept. 30, 2023.

Note: We do not have any employees at this time. Currently, all of our executive officers and advisers work for us as independent contractors under consulting agreements.

(Lannister Mining Corp. filed its F-1 for its IPO, without disclosing the terms, on July 31, 2024. Estimated proceeds are $6.0 million. Background: Lannister Mining Corp. submitted confidential IPO documents to the SEC on Feb. 7, 2024.)

Industry: Gold and Silver Mining
Employees: 0
Founded: 2020
Contact Information
Address 1055 West Georgia Street, # Suite 1500 Vancouver, British Columbia V6E 4N7 778-788-2745
Phone Number (778)-788-2745
Web Address https://lannistermining.com/
View Prospectus: Lannister Mining Corp.
Financial Information
Market Cap
Revenues $0 mil (last 12 months)
Net Income $-0.65 mil (last 12 months)
IPO Profile
Symbol DRIL
Exchange NYSE - American
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $6.0 mil
Manager / Joint Managers Kingswood Capital Partners
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change