Cartier Resources Inc.

Cartier Resources Inc. is a Canadian gold exploration company, founded in 2006 and headquartered in Val-d'Or, Quebec. The company's core mission is to enhance shareholder value through the discovery and development of gold resources within Canada's prolific Abitibi Greenstone Belt, with a strategic focus on maximizing the potential of one of Quebec's largest undeveloped gold landholdings.

The company's primary activities involve the acquisition and exploration of mining properties, specifically targeting gold deposits. Its flagship asset is the 100% owned Cadillac Project, which spans 15 kilometers along the Larder Lake-Cadillac Fault Zone in Quebec and integrates the historic Chimo Mine and East Cadillac properties. Cartier also maintains Net Smelter Return (NSR) royalties on other properties, including the Dollier and Rivière Doré projects.

Philippe Cloutier has served as President and CEO since May 2007. Cartier Resources is currently undertaking an aggressive 100,000-meter drill campaign (2025-2027) on its Cadillac Project, leveraging AI-assisted mineral discovery tools to identify new targets and expand known gold zones. Notable recent developments include the filing of an updated Mineral Resource Estimate Technical Report for the Cadillac Project in January 2026, which reported significant gold resource growth. In April 2026, the company expanded its market presence by beginning to trade on the OTCQB Venture Market under the symbol ECRFF, aiming to increase visibility among American investors. Agnico Eagle Mines Limited holds a substantial equity stake in Cartier Resources, ranging from 26.94% to 28%, positioning it as a significant strategic investor.

Latest updates

Cartier Resources Gains U.S. OTCQB Listing to Broaden Investor Access

Event summary

  • Cartier Resources Inc. (TSXV: ECR; FSE: 6CA) began trading on the OTCQB Venture Market in the U.S. under the symbol ECRFF on April 30, 2026.
  • The company will continue to trade on the TSX Venture Exchange under the symbol ECR.
  • Cartier’s Cadillac Project hosts total gold resources of 767,800 ounces (Measured & Indicated) and 2,416,900 ounces (Inferred).
  • The Cadillac Project is located in the Val-d’Or mining camp, Quebec, covering 14,000 hectares.

The big picture

The move to OTCQB represents a common strategy for Canadian resource companies seeking broader U.S. investor exposure, particularly as North American gold equities remain sensitive to macroeconomic conditions. While the OTCQB offers increased visibility, it also carries the burden of adhering to U.S. reporting standards and maintaining investor confidence. Cartier's ability to leverage this listing to advance its Cadillac Project and attract further investment will be critical to its long-term success.

What we're watching

Investor Adoption
The success of the OTCQB listing hinges on whether U.S. investors actively adopt the new trading symbol, which will impact liquidity and share price stability.
Cadillac Project
Continued exploration and development of the Cadillac Project will be crucial to justifying the expanded investor base and meeting expectations for resource expansion.
Capital Access
Whether the OTCQB listing facilitates access to U.S. capital markets beyond the current TSX Venture Exchange remains to be seen, and will be a key indicator of the listing’s strategic value.

Cartier Resources Discovers New High-Grade Gold Zone at Cadillac Project

Event summary

  • Cartier Resources has identified a new high-grade gold zone (7.9 g/t Au over 4.0 m) within a broader 2.3 g/t Au segment (over 19.0 m) at the Hope Sector of its Cadillac Project.
  • Drill hole CA26-334 intersected the Porphyry #1 intrusion, extending its length to at least 1 km and suggesting a sizeable intrusive system.
  • The discovery is located south of the Cadillac Fault and near the Porphyry #2 intrusion, exhibiting mineralization resembling that in Cadillac sediments.
  • The company is planning further expansion drilling at Hope Sector and additional exploration drilling to test geophysical anomalies.

The big picture

Cartier's discovery highlights the potential for continued exploration success within the Abitibi region of Quebec, a historically prolific gold-producing area. The combination of sediment-hosted and porphyry-related gold systems at Hope Sector suggests a complex and potentially large-scale mineralizing system, which could significantly increase the project’s overall value. This discovery underscores the importance of systematic exploration in underexplored geological settings, even within established mining camps.

What we're watching

Exploration Pace
The speed at which Cartier can delineate the extent of the new high-grade zone will be critical in assessing the overall resource potential of the Hope Sector.
Geophysical Targets
Success in testing the chargeability and magnetic anomalies will indicate the broader scale of the porphyry system and potential for additional discoveries.
Metallurgy
The results of the metallurgical testwork program will be essential to understanding gold recovery rates and optimizing project economics.
CID: 1526