Hayasa Metals
Promotional Strapline: Boldly exploring new frontiers
Primary Ticker: TSXV:HAY, OTCQB:HAYAF
Stage of Development: Exploration
Primary Minerals: Copper, Gold
Country / Region: Europe
Market Cap 3.6M
Corporate Presentation: Go to presentation
Project Locations: Armenia
Website: Hayasa Metals
Hayasa Metals Is a junior exploration company listed on the TSXV under the ticker HAY. HAY controls two properties in Armenia: Vardenis is a 94 km^2 copper-moly porphyry - on which Hayasa has a an option agreement with Teck Resources where they spend US$15mln before the end of 2029 to earn 70%. The other is Urasar, a copper gold, multi-element deposit. We are drilling in June on this property on the back of a late season hole that resulted in 39m of 0.5% copper near surface. We intend to add up to three more properties this year.
Management Profile:
Dennis Moore M.Eng., President, Founder & Director
Dennis Moore has over 35 years of experience as an exploration geologist. Originally working for major companies in Australia and the South West Pacific, he later became involved with several of Ross Beaty’s companies in Bolivia, Peru and Brazil. Mr. Moore discovered and drilled the 1.8M ounce Tocantinzinho deposit being developed by Eldorado Gold Corp and has been directly involved in at least four other gold discoveries in South America, including Amayapampa in Bolivia, and Cuiú Cuiú, Coringa and Cajuiero in Brazil.
Joel Sutherland, CEO
Joel Sutherland brings over 20 years experience in capital markets, having excelled as an Equity Research Analyst and in Institutional Sales at prominent firms including Merrill Lynch in Toronto and New York City, BMO Capital Markets, and CIBC World Markets. A Chartered Financial Analyst and a member of the Chartered Professional Accountants of Ontario, Mr. Sutherland holds a Bachelor’s degree in Finance from Queen’s University (1994) and completed a Commerce program with an accounting specialization at McGill University (1995).
What are your key goals for the next 3, 6 and 12 months?
3 Months
Complete an AMT survey at Urasar and complete 1,000m drilling. Prepare the 2026 drill plan at Vardenis with Teck.
6 Months
We will add up to 3 more properties in Armenia in Q4, two greenfields (one gold, 30 km from Amulsar (a 200k oz a year mine, the other copper moly, not far from Kajaran--a copper moly porphyry and Armenia's largest mine) and one semi-brownfield nickel-antimony project with 5 holes drilled.
12 Months
To have control of five properties in Armenia. To complete 1,000m drilling at Urasar. To complete 5,000m drilling at Vardenis. To make a Tier-1 discovery.
What do you think makes your company such a compelling investment?
Armenia is underexplored, and is derisking and looking westward to the EU and the USA to attract capital. We are the only public company doing mineral exploration. The USA is about to formalize a critical minerals deal, likely to be matched by the EU. It is important to get control of additional properties now in anticipation of much more competition for ground in 2027. We say we are the first mover in Armenia, and we will prove it in 2026.
