Canary Gold Corp, a Canada-based exploration company, has been actively engaged in the acquisition, exploration, and evaluation of gold projects in Brazil. The company is primarily listed on the Canadian National Stock Exchange and operates with the Canadian Dollar (CAD) as its currency. As of September 16, 2025, the close price of Canary Gold Corp’s stock was recorded at 0.365 CAD. Over the past year, the stock has experienced fluctuations, reaching a 52-week high of 0.39 CAD on September 15, 2025, and a 52-week low of 0.19 CAD on March 4, 2025. The company’s market capitalization stands at 14,440,000 CAD, with a price-to-earnings ratio of -9.752, indicating a period of financial evaluation and potential growth.
The core focus of Canary Gold Corp is the exploration and evaluation of unproven exploration and evaluation assets, operating within a single reportable segment. A significant asset under the company’s purview is the Rio Madeira Gold Project, located in the Madeira River valley in Rondonia, Brazil. This project is strategically positioned approximately 60 kilometers west of Porto Velho. The Rio Madeira Property encompasses an extensive area of over 160,000 hectares, covered by approximately 18 applications for exploration licenses.
Canary Gold Corp holds an option to earn up to a 70% undivided interest in the Rio Madeira Project, highlighting its strategic interest and potential stake in the region’s gold exploration endeavors. The company’s operations in Brazil are pivotal to its business model, focusing on the potential for significant gold discoveries and the subsequent development of these resources.
The exploration activities in the Rio Madeira region are part of a broader strategy to capitalize on the geological potential of the area, known for its rich mineral deposits. Canary Gold Corp’s commitment to this project underscores its long-term vision for growth and development in the gold exploration sector. The company’s efforts are directed towards thorough evaluation and exploration, aiming to unlock the value of its assets and contribute to its financial and operational objectives.
In summary, Canary Gold Corp’s strategic focus on the Rio Madeira Gold Project in Brazil represents a critical component of its exploration and evaluation activities. With a significant interest in the project and a comprehensive approach to exploration, the company is positioned to potentially enhance its market presence and financial performance in the gold exploration industry.