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Sokoman Minerals Corp.
Crux Investor Index
5
–
Market Cap (USD)
7358440
Symbol
TSXV:SIC
OTCQB:SICNF
Stage of development
Exploration
Primary COMMODITY
Gold
Additional commodities
No items found.
Sokoman Minerals Corp. is a Canadian mineral exploration company focused on advancing high-grade gold and lithium projects in Newfoundland and Labrador, one of the world’s top mining jurisdictions. The company’s flagship Moosehead Gold Project is a 100%-owned high-grade gold discovery with multiple mineralized zones, extensive drilling, and bulk sampling planned for 2025. In addition, Sokoman has a significant presence in Newfoundland’s emerging lithium sector through its Killick Lithium Project, a joint venture with Benton Resources and Piedmont Lithium, which has already yielded promising lithium, cesium, and tantalum discoveries.
With an experienced leadership team, a commitment to responsible exploration, and strategic partnerships that de-risk operations, Sokoman Minerals is well-positioned to deliver shareholder value. The company trades on the TSX Venture Exchange (TSXV: SIC) and the OTCQB (SICNF), offering investors exposure to high-potential critical metals and gold assets in a stable, resource-rich jurisdiction.
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Opportunity
Sokoman Minerals presents a compelling investment opportunity with its Moosehead Gold Project, which continues to yield high-grade gold intersections, making it one of Newfoundland’s most promising gold discoveries. With over 120,000 meters of drilling completed, multiple open-ended high-grade zones, and a bulk sampling program planned for 2025, Moosehead is positioned for significant resource expansion.
Beyond gold, Sokoman is a key player in Newfoundland’s growing lithium sector through the Killick Lithium Project, a joint venture with Benton Resources and Piedmont Lithium. Killick has already demonstrated high-grade lithium mineralization in pegmatite dykes, along with cesium, tantalum, and rubidium discoveries, making it a critical metals asset with strong long-term potential.
The company benefits from favorable infrastructure, year-round road access, and close proximity to assay labs and drilling services, reducing operational costs. Furthermore, Newfoundland’s mining-friendly policies and growing demand for both gold and battery metals position Sokoman Minerals as an attractive investment in the evolving global resource market.
Summary
Management Team
Sokoman Minerals Corp. is led by an experienced management team with deep expertise in mineral exploration, project development, and corporate strategy.
Tim Froude, P.Geo. – President, CEO & Director
Tim Froude is a graduate of Memorial University of Newfoundland and has been active in the mineral exploration business for over 30 years. Over that time, he has worked with a number of highly regarded firms including Inco Ltd. where he spent nearly 10 years working on projects in North America and overseas and was part of the team that discovered the Bobby’s Pond massive sulphide deposit in Central Newfoundland.
Ryan Newman – Exploration Manager
Ryan Newman, P.Geo., B.Sc. (Honors eq.) is a graduate of Memorial University of Newfoundland and Labrador and has 20 years of experience in mineral exploration and mining industry in Newfound and Labrador.
Cathy Hume – Director & VP Corporate Development
Cathy Hume has built her career in Capital Markets first as an Investment Advisor for 11 years and in the Investor Relations industry since 1993. Cathy’s integrity and personable personality has fostered enduring business relationships and has permitted her IR portfolio of clients to grow exclusively from referrals.
This dynamic leadership team combines technical expertise, financial acumen, and a track record of mineral discoveries, positioning Sokoman Minerals for long-term success in both the gold and lithium sectors.
Growth Strategy
Sokoman Minerals Corp. is executing an aggressive growth strategy focused on advancing its high-potential projects in Newfoundland’s premier mining jurisdiction. The company is rapidly advancing its flagship Moosehead Gold Project, which has already delivered multiple high-grade intersections across over 120,000 meters of drilling. With a bulk sampling program slated for 2025, Moosehead is poised to further delineate its resource potential and serve as a cornerstone for future development.
Simultaneously, Sokoman is leveraging strategic joint ventures to advance the Killick Lithium Project. In partnership with Benton Resources and Piedmont Lithium, Killick has shown promising lithium, cesium, and tantalum mineralization in pegmatite dykes, positioning the project as a critical asset in the growing battery metals sector.
Operational efficiency and environmental stewardship are central to the company’s approach. With excellent year-round road access and proximity to essential drilling and assay services, Sokoman benefits from reduced operating costs and accelerated project timelines. Additionally, the company remains committed to sustainable exploration practices and active community engagement, ensuring that its development initiatives meet high environmental and social standards.
Charts
Details
Financial Overview
Sokoman Minerals Corp. is financially well-positioned to advance its high-potential gold and lithium assets while maintaining a disciplined approach to exploration and development. The company’s strategy focuses on efficient capital deployment, leveraging strategic partnerships, and minimizing shareholder dilution.
As of early 2025, Sokoman has a market capitalization of approximately CAD $13 million, with 325 million shares issued and outstanding.
Key financial highlights include:
- Strategic Partnerships – The Killick Lithium Project is being advanced through a partnership with Benton Resources and Piedmont Lithium Inc., which is investing CAD $12 million in exploration funding, significantly reducing Sokoman’s financial risk while maintaining exposure to Newfoundland’s lithium potential.
- Capital Efficiency – Sokoman benefits from low exploration costs and existing infrastructure, allowing the company to maximize its drilling programs while maintaining financial flexibility.
- Upcoming Catalysts – The company’s Moosehead Gold Project is set to enter a bulk sampling phase in 2025, a key milestone that could significantly enhance the project's economic viability.
Sokoman’s financial strategy focuses on non-dilutive funding options, including partnerships, government grants, and targeted capital raises to support ongoing exploration while preserving shareholder value.
Risk Factors and Mitigation
Like all exploration-stage companies, Sokoman Minerals faces a range of risks, including commodity price volatility in both the gold and lithium markets, uncertainties inherent in early-stage resource delineation, and potential regulatory and permitting challenges. There is also the risk that initial mineral discoveries may not scale to a commercially viable operation.
To mitigate these challenges, Sokoman employs a disciplined, phased exploration strategy backed by advanced drilling and geophysical techniques to expand and better define its resource base. Strategic partnerships, particularly with Piedmont Lithium, provide not only financial support but also technical expertise that helps reduce operational risks.
Additionally, the company’s robust infrastructure—characterized by year-round road access and proximity to essential assay facilities—further lowers capital costs and operational hurdles. Active engagement with local and Indigenous communities, along with close coordination with regulatory bodies, ensures that environmental and permitting risks are proactively managed, positioning Sokoman Minerals for sustainable long-term growth.
Conclusion
Sokoman Minerals Corp. is at the forefront of high-grade gold and lithium exploration in Newfoundland and Labrador, positioning itself as a key player in two of the most in-demand resource sectors. With a 100%-owned Moosehead Gold Project, a growing lithium footprint through the Killick Lithium Project, and strong strategic partnerships, the company is well-equipped to advance its assets while minimizing financial risk.
Backed by an experienced management team, Sokoman benefits from extensive drilling success, upcoming bulk sampling, and an aggressive exploration strategy that continues to unlock value. Its diversified portfolio of gold and critical minerals provides investors with exposure to both precious metals and the rapidly expanding battery metals market.
As Sokoman progresses toward resource expansion, permitting, and future development milestones, the company remains committed to responsible exploration, environmental stewardship, and community engagement. With strong fundamentals, a disciplined financial approach, and a focus on maximizing shareholder value, Sokoman Minerals is positioned for long-term success in Newfoundland’s thriving mining sector.
For investors looking to gain exposure to a high-potential exploration company with de-risked, high-grade assets in a top-tier jurisdiction, Sokoman Minerals Corp. presents a compelling opportunity.