Disciplined Exploration. Systematic Value Creation.
Krait Critical Minerals Corp. is a Canadian junior mineral exploration company focused on acquiring and advancing prospective mineral properties in established North American mining jurisdictions. Its flagship Goldbar Spider Lake Project in Northern Ontario combines a favourable greenstone-belt setting, historical gold and base-metal indications and a modern airborne geophysical dataset designed to support systematic target generation.
Investment Highlights
- Newly listed Canadian exploration issuer — Krait commenced trading on the Canadian Securities Exchange under the symbol KRIT on August 24, 2026.
- Flagship Ontario asset — the Goldbar Spider Lake Project covers approximately 3,636 hectares in the Thunder Bay Mining Division.
- 100% earn-in potential — Krait has an option to earn a 100% interest in the project, subject to a 3% net smelter return royalty.
- Gold plus VMS exploration thesis — the technical work evaluates potential for Archean orogenic gold mineralization together with VMS-style base and precious-metal mineralization.
- Seven modern geophysical targets — a 2026 VTEM Plus survey identified seven discrete conductive zones, designated A through G.
- Defined next-stage program — the updated NI 43-101 technical report recommends a CAD $250,480 exploration program focused on compilation, modelling, fieldwork, sampling, interpretation and target ranking.
- Established infrastructure — the project has year-round access via Highway 17 and is near rail, power, mining communities and service providers.
Company Overview
Krait Critical Minerals Corp. is building a North American mineral exploration portfolio through disciplined project evaluation, modern exploration technologies and responsible field programs. The Company’s current flagship asset is the Goldbar Spider Lake Project in Ontario’s western Schreiber-Hemlo Greenstone Belt.
Krait’s exploration approach is designed to integrate historical geological, geochemical and drilling information with modern geophysical datasets. Rather than advancing targets on a single dataset, the Company intends to progressively rank prospective areas using geological, structural, geochemical and geophysical evidence before determining which targets warrant future drill testing.
Flagship Project — Goldbar Spider Lake, Ontario
| Location | Tuuri and Walsh townships, Thunder Bay Mining Division, Northern Ontario |
| Project size | Approximately 3,636 hectares / 8,985 acres |
| Claims | 148 unpatented mining claims comprising 171 claim units |
| Ownership | Option to earn 100%, subject to a 3% NSR royalty |
| Geological setting | Western Schreiber-Hemlo Greenstone Belt, Wawa-Abitibi Terrane, Superior Province |
| Access | Approximately 20 km east of Terrace Bay and 30 km west-northwest of Marathon |
| Exploration focus | Orogenic gold and VMS-style base and precious-metal mineralization |
| Technical report | Updated NI 43-101 technical report effective August 7, 2026 |
Why the Project Matters
Historical exploration at Goldbar Spider Lake was primarily directed toward VMS-style base-metal mineralization. The updated technical review also identifies structural complexity, deformation corridors, hydrothermal alteration and historical elevated gold values that warrant evaluation for orogenic gold potential. This gives Krait a dual exploration thesis across gold and base/precious-metal systems.
2026 VTEM Plus Survey — Seven Conductive Zones
In April 2026, Geotech Ltd. completed a helicopter-borne VTEM Plus time-domain electromagnetic and magnetic gradiometer survey over the project. Approximately 262 line-kilometres of geophysical data were collected. The survey identified seven discrete conductive zones, designated A through G.
The new geophysical dataset provides a modern framework that can be integrated with historical mapping, geochemistry, geophysics and drilling. Several conductors occur in geological and structural settings considered prospective for VMS-style mineralization and structurally controlled gold mineralization. The anomalies are exploration targets only; their geological cause must be established through follow-up work.
Defined Exploration Program
The updated NI 43-101 technical report recommends a CAD $250,480 exploration program designed to advance the seven VTEM conductive zones into better-defined and ranked exploration targets.
| Exploration Item | Budget (CAD) |
| Geological compilation | $22,000 |
| Geophysical modelling | $15,000 |
| Prospecting and sampling | $58,800 |
| Gold and multi-element assays | $51,000 |
| Helicopter support | $60,000 |
| Interpretation and reporting | $21,000 |
| Contingency | $22,680 |
| TOTAL | $250,480 |
Exploration Workflow / Potential Catalysts
- Digital compilation of historical geophysics, geological mapping, assays and drillhole information.
- Detailed modelling and inversion of the VTEM Plus electromagnetic and magnetic data.
- Ground-truthing of priority conductors through mapping, prospecting and sampling.
- Gold and multi-element assay results from field sampling.
- Integrated geological and geophysical interpretation.
- Ranking of priority exploration targets.
- Determination of which targets, if any, warrant advancement toward future drill testing.
Corporate Strategy
Acquire Quality Projects
Focus on prospective mineral properties in stable mining jurisdictions, with emphasis on technically compelling opportunities that can be evaluated through disciplined due diligence.
Apply Modern Exploration
Integrate historical exploration with geological modelling, airborne geophysics, geochemistry and structural interpretation to systematically rank targets.
Create Shareholder Value
Advance projects through staged technical programs and evaluate results using NI 43-101 best practices before committing capital to subsequent exploration phases.
Capital Structure
| Common shares outstanding | 12,010,496 |
| Warrants outstanding | 5,058,100 |
| Stock options | Nil |
| Fully diluted | 17,068,596 |
Warrant detail: 5,000,000 @ $0.20 expiring March 2028; 12,600 @ $0.75 expiring June 2027; 45,500 @ $0.75 expiring July 2027.
Leadership
Oscar Mendoza — Chief Executive Officer & Director
Oscar Mendoza has experience in international capital markets, project development and mineral exploration strategy, with a focus on precious and critical metals. He holds an MBA in International Management from the International University of Japan and a BA from the University of North Texas.
Steven Vanry, CFA, CIM — CFO, Corporate Secretary & Director
Steven Vanry has approximately 25 years of senior management experience across mining, energy, technology and manufacturing, with expertise in capital markets, corporate finance, M&A, financial reporting and regulatory compliance. He holds the CFA and CIM designations.
J. Garry Clark, P.Geo. — Director & Qualified Person
Garry Clark is a professional geologist with extensive mineral exploration and consulting experience in Ontario and internationally. He founded Clark Exploration Consulting in 2000, holds an Honours B.Sc. in Geology from Lakehead University and is a registered Professional Geoscientist in Ontario.
Dillon Sharan — Director
Dillon Sharan has more than eight years of experience in real estate acquisitions, development and asset management, following earlier experience in investment banking and investment financing. He holds a Bachelor of Commerce from UBC’s Sauder School of Business.
Technical Disclosure Footer
The scientific and technical information relating to the Goldbar Spider Lake Project should be presented with appropriate reference to the Company’s updated NI 43-101 technical report effective August 7, 2026. The Company’s public disclosure identifies J. Garry Clark, P.Geo. (PGO #0245), a director of Krait, as the Qualified Person who reviewed and approved the scientific and technical information in the August 27, 2026 shareholder update.