Hayasa Metals Inc

Stock Exchange: TSX / TSX.V
Primary Ticker: TSX OTC
Stage of Development: Exploration
Primary Minerals: Copper, Gold
Country / Region: Asia, Europe
Market Cap 9M
Corporate Presentation: Go to presentation
Website: Hayasa Metals Inc
Company Profile:
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. Teck Resources owns 7% of the company. FNV/EMX paid HAY US$1mln for a 1.25% NSR on Urasar in Jan25 which is funded 2000m drilling at Urasar in mid 2025. The company completed an option agreement with Teck on Vardenis Aug 26 that contemplates Teck spending US$15mln to earn 70% and a PFS to get to 80%. We are currently drilling a minimum of 3,500m and expect to be completed before the end of November. We will secure control of a 3rd property in Armenia in the next 6 months.
Management Profile:
Joel Sutherland CEO: Over 20 years in capital markets including over 10 years on Wall Street in NYC, Equity Research and Institutional Sales. Sold Canadian Securities to Boston and NYC based US institutional investors.
Dennis Moore Chairman and President: Geologist-entrepreneur and proven mine-finder with 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.
What is your rationale for taking part in 121 Mining Investment?
To raise awareness of the company.
What recent news would you like to highlight to investors attending?
Aug 26 deal with Teck.
Sep. 24 close of C$2M financing
What are your key goals for the next 3, 6 and 12 months?
3 Months
Completion of 4,000m at Vardenis
6 Months
Secure a 3rd property
12 Months
Drill 6,000m combines on our properties
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Delineating mineralization.
What do you think makes your company such a compelling invesment?
We are undervalued given we have two potential discoveries.
What are the top 3 investor takeaways?
- Excellent risk reward profile. No company has done more work with less $.
- We have a first mover advantage in Aremenia on exploration.
- We intend to drive value through the share price as we continue drilling and Armenian macro continues to improve