Overview:
With the global community heavily focused on clean energy initiatives and achieving net zero emissions, it’s safe to say demand for the battery minerals and rare earth metals required to enable this trend will increase. The International Energy Agency (IEA) reported that demand for critical minerals could potentially increase 600 percent by 2040 for the energy sector alone and up to 1,100 percent in electric vehicle and energy grid storage solution production.
Minerals essential for clean energy and electric vehicles, including but not limited to lithium and cobalt, are highly concentrated in a short list of countries. The top three producing nations for these minerals account for more than 75 percent of the supply, paving the way for potential supply chain issues, price swings and shortages.
Canada’s Quebec province produces one fifth of Canada’s mining output and is one of the nation’s most diverse regions when it comes to minerals. Quebec produces lithium, cobalt and some of the rare earth metals needed for clean energy and electric vehicles. Additionally, Quebec has one of the lowest tax rates for mining companies in North America and has several competitive tax incentives. This region has attracted notable mining companies, including Endeavor Mining (TSX: EDV), Yamana Gold’s (TSX: YRI, NYSE: AUY) subsidiary Canadian Malartic GP, and Aya Gold & Silver (TSX: AYA).
Renforth Resources (CSE:
RFR, OTCQB:RFHRF, FSE:9RR) has a portfolio of mineral assets with the Surimeau District Property - a new battery metals discovery, and its Parbec Gold Deposit, both located near Malartic, Quebec and in the heart of the Abitibi Greenstone Belt.

With a strong management team and projects with promising results to date, Renforth Resources is in a position to capitalize on the rising demand for the battery minerals required to build electric vehicles and other technologies in support of the clean energy transition.
“The ongoing stream of exploration results from the Surimeau and Parbec properties is contributing a powerful one-two punch combination for Renforth,” according to a report from Smallcaps Investment Research, adding, “Surimeau has already evolved from the concept stage to where it is now positioned as a confirmed battery metals discovery. The structural targets further along strike may yet reveal a very large deposit area. Victoria West presents a high magnitude discovery that will attract a lot of interest as work continues.”
Renforth Resources is strategically positioned to benefit from both rising prices in gold and battery metals. The company is striving to become one of Canada’s largest EV battery metal producers through its Surimeau District property.
Company Highlights
- Fully funded and asset-rich
- Renforth Resources offers a powerful “one-two” punch combination when it comes to gold and battery metals.
- Surimeau is strategically located near Canada’s only copper nickel smelter, and initial results confirm the property contains nickel, copper, zinc, cobalt, PGEs, gold, silver and lithium.
- Renforth Resources’ Surimeau District project has already evolved past the initial concept phase and now contains a confirmed battery metal discovery.
- The company’s Surimeau and Parbec projects are well located, with road access in close proximity to a major geological structure hosting numerous operating mines, developed infrastructure, work to date has established mineralization and indicates significant growth potential.
Key Projects
Surimeau District
The Surimeau District battery minerals prospect is located south of the Cadillac Break and is near the Canadian Malartic Mine. The property has several target areas and locations of interest, such as the Victoria West Prospect and the Huston target, which contain battery minerals, including nickel and copper. The Surimeau property is highly accessible via roads and rail lines and is in close proximity to Canada’s only copper-nickel smelter.

The Surimeau project was first investigated by a team of six experienced geologists in the summer of 2020. Their findings revealed that Surimeau had the potential to be “an exceptional exploration asset.” It shares a border with Canada’s largest open pit gold mine, is within an hour of Canada’s only copper-nickel smelter, and hosts nickel, copper, zinc, cobalt, PGEs, gold and silver on surface and in drill core in multiple locations, as well as lithium.
Project Highlights
- Trenching Program: Renforth Resources has completed a trenching program that exposed nickel, copper, cobalt and zinc on the surface over a 275-meter length between two drill holes at Victoria West in the fall of 2021.
- Drilling Program: The company has completed just over 5,000 m of drilling, in a 2.2-km strike length with the 6-km long mineralized area at Victoria West to further advance its exploration efforts at this property. This target is a promising discovery area and has significant potential to become a nickel rich polymetallic deposit.
- Lithium Exploration: Renforth commenced its fieldwork at Surimeau focusing on lithium mineralization present on the property, targeting the approximately 20-km mineralized Victoria structure, a sizable property that’s largely underexplored. In 2022, the company further extended the Lalonde surface battery metals mineralization to a strike length of 9 kms.
Parbec
The 100-percent-owned Parbec open pit constrained gold deposit is located on the Cadillac Break, a region known for having produced millions of ounces of gold in northwestern Quebec, bordered by the Canadian Malartic Mine, Canada’s largest open-pit gold mine on the east and south. The Parbec gold deposit is fully funded to date, has developed infrastructure, and is accessible by road.
In addition to an existing historic 43-101 resource estimate, this property has extensive exploration potential and was initially acquired from Globex Mining. The company sees this property as a strategic development candidate going forward.
Project Highlights
- Funded Exploration: Renforth Resources has raised nearly $1.4 million to fund further exploration of the Parbec gold deposit and the Victoria West prospect, which is part of the Surimeau District battery minerals prospect.
- Mineral Resource Estimate: A 2020 mineral resource estimate (MRE) combined drill results from Savant, Globex and Renforth’s own drilling over a four-year period, included 37 drill holes that all revealed gold with 80 percent of the deposit being above a depth of 300 m. The deepest pierce point on the property is at 738 m. Infill drilling is required to bring the deeper gold occurrences into a resource, and the deeper mineralization illustrates the potential of the property.
- Potential Yields: The indicated category of the 2020 MRE contains 104,500 ounces of gold within 1.82 million tonnes of mineralization, averaging 1.78 g/t of gold. Subsequent to this MRE approximately 15,000 m of drilling has been carried out, successfully validating about 13,000 m of historical drilling not included in the 2020 MRE.
- PAR-200-112 Assay Results: Drilled within the recent 15,000 m program, not included in the historic 2020 MRE, was PAR-20-112 which delivered 21.45 m of continuous gold mineralization which assayed 5.57 g/t gold.
Management Team
Nicole Brewster - President and CEO
Nicole Brewster was a partner in a successful exploration contracting business that has been active in several countries and on several projects. Those included, amongst many others, supporting and executing the Ring of Fire chromite discovery programs, and participating in the re-opening of a mine and associated brownfield exploration in the pyrite belt of southern Spain. Subsequent to becoming president, Brewster fixed corporate issues financially and with the board, consolidated all shareholders, brought the New Alger Property ownership to the 100 percent level, established the maiden gold resource and sold the property, acquired Nixon-Bartleman, Malartic West and Denain-Pershing (which was subsequently sold), entered into and completed the 100-percent ownership option on the Parbec Gold Deposit.The Surimeau District Property was acquired via staking and consolidated with the former Malartic West Property. Since assuming the role of president, consulting fees associated with her management services have been paid after accruing for a length of time with shares rather than cash.
Kyle Appleby - CFO
Renforth benefits from Kyle Appleby’s accounting expertise, supporting the company’s bear market strategy of minimal fundraising and 100 percent deployment of funds raised to advance the company’s projects with his detailed financial management skills. Appleby has worked both the audit and the issuer side of the business, concentrating on providing contract CFO services to a number of reporting issuers and private companies and active in the resource, agritech, technology and cannabis spaces with experience in take-overs and amalgamations.
John S. Webster - Independent Director
John Webster (Camborne School of Mines) has an extensive background in mining and ore processing, having built and operated 15 world-class mine developments in Australia, USA, Russia and FSU, with emphasis on strategies, resourcing, consulting and operational management with BHP, Vostok Mining, Trafigura and Alexander Mining Plc. An Independent Technical Director for Renforth, Webster contributes his highly innovative expertise in mining, construction, processing and environmental management techniques to our exploration strategies.
Brian H. Newton - Chief Geologist
Brian H. Newton has over 30 years of experience in all facets of exploration, from business development and program management to field supervision and program execution. Newton is currently managing exploration projects under Minroc Management, an exploration services consulting firm. Minroc has been involved in many projects including the Ring of Fire discoveries, the Mcfaulds VMS discoveries by Spider Resources, the Eagle One Nickel Discovery with Noront, the Chromite discovery with Spider and KWG, and is presently working on several grassroots and advanced stage including near production projects in Ontario and New Brunswick.
Dr. James Franklin - Principal Advisor, Surimeau
Dr. James Franklin, a member of the Canadian Mining Hall of Fame, brings to Renforth unparalleled expertise in the identification and maturation of VMS deposits worldwide. Originally from North Bay, Ontario, Franklin is focused on unraveling the reasons for the exceptional mineral endowment of the Canadian Shield. His PhD thesis examined mineral deposits in the Proterozoic of the Thunder Bay area. He initiated his post PhD research efforts at Lakehead University, where he was the first economic geology professor (from 1969 to 1975). He then joined the Geological Survey of Canada, continuing base metal and gold research throughout the Shield.