Radisson Mining ResourcesTSXV:RDS

As of July 2026, the company reports about 2.3 million ounces combined indicated and inferred, up from 1.5 million ounces previously and from 900,000 ounces back in 2023; the March 2026 update had noted an 82% increase in inferred resources from the prior update. Management sees exploration upside of between 3 and 4 million ounces if the system fills in to the 2 km floor, with potential for upwards of 4 million ounces, and has also stated that the current resource supports an 11-year mine life (Mar 2026, Jul 2026). The CEO noted that the old mine averaged half an ounce, the main vein is double-digit grade, and parallel structures run 6, 7, or 8 grams (Mar 2026).

Management has referred to the region inconsistently over time: as "Abatibi of Quebec" and "Cadillac of our Lake Break, Quebec" in October 2025, as "Abatibbe region of Quebec" in March 2026, and as the "Epatib region of Quebec" in July 2026.

The company reports that only 25% of its 140,000-meter program has been completed but has already delivered an 82% resource increase, with an 84% success rate on stepout drilling. However, management has stated at different times that the deposit is assumed to continue to either a 2-kilometer floor (stated in March 2026 and again in October 2025) or to 2.5 kilometers depth (stated in July 2026), and that the risk is whether "it keeps on going down."

The company cited a $532 million NPV at $2,550 gold and separately mentioned "like a half a billion dollar" NPV; the mine design itself assumed $2,000 gold, while $2,500 gold was also referenced. Management described operating costs as "very low," noting minimal surface facilities and a water treatment plant, and put initial capex at C$175 million.

In October 2025, the company said it had $35 million in the bank, described its project as requiring "low initial capital," and pegged total needs at "175 Canadian million." By March 2026, management was reporting $25 million raised in October and a 140,000 meter drilling program as the use of those funds. In July 2026, it said a further $25 million was raised in May, though it did not state the resulting cash balance.

The company reports that its exploration strategy changed 15 months ago (as of March 2026), and it is now carrying out a 140,000-meter drill program that started in October 2025. In March 2026 management said 72,500 meters would be drilled in 2025 and that the program runs through to the middle of 2027. A July 2026 statement says 72,000 meters will be drilled this year and the first half of next year, with an interim resource update in March showing 2.3 million ounces. According to the March 2026 comments, a resource update was expected towards the end of 2025, and another resource update is planned at the end of the program in mid-2027.

President and CEO Matt Manson notes he has been involved in three mine builds, while board members collectively hold experience from nine mine builds, a figure the CEO reiterated in later remarks. The company also reports that management and insiders own approximately 7% of the company.

They also point to adjacent operating gold mines and mills in the area, as well as mill owners and hub-and-spoke complexes, as potential acquirers of the project.