
Stage of Development: Exploration
Commodity: Copper, Gold, Molybdenum, Antimony, Nickel
Country/Region: Europe
Market Cap: USD 2.85M
Project Locations: Armenia
Website: Hayasa Metals Inc.
Hayasa Metals is a junior exploration company that controls two properties in Armenia. Property 1 is called Vardenis and is a 93km^2 copper-moly porphyry. Property 2 is called Urasar and is a 34km^2 copper-gold property (FNV/EMX paid HAY US$1mln for a 1.25% NSR on Urasar). The company has applied for 3 additional licenses and should receive the first in Q127 on an Anitmony/Nickel property in the north and two others in the south.
Hayasa just formed an exploration alliance with a major that contemplates spending app. US$15 mln over the next few years to advance projects. Our partner is sole funding it, Hayasa gets properties that are too small for a major (i.e. VMS) or non-copper (i.e. gold) and should we find a copper porphyry, we’ll get 30% with an 18 mth funding holiday.
Management Profile:
Dennis Moore Chairman and President, Technical Leader
Geologist-entrepreneur and proven mine-finder
Over 40 years experience in Latin America, Nevada and Australasia
Discovered, delineated and vended the 2 Moz TZ gold mine and the Cuiú Cuiú gold deposit
Joel Sutherland CEO
20 years Capital Markets with10 years on Wall Street; Equity Research and Institutional Sales
Sold Canadian Securities to Boston and NYC based US institutional investors
What are your key goals for the next 3 months?:
Add 1-3 exploration licenses to our portfolio
Advance the strategic alliance partnership with a major
Finalize the 2027 drill plan
What are your key goals for the next 6 months?:
Add 1-3 exploration licenses to our portfolio
Submit strategic alliance license applications
Initiate the 2027 drill plan
What are your key goals for the next 12 months?:
Triple our market capitalization.
What do you think makes your company such a compelling investment?:
We are undervalued given the prospectivity in Armenia given we are the only ones doing exploration in country and we have a major as a partner. It is only a matter of time before we advance a project.