Awalé Resources
TSXV:ARICThe story of Awalé Resources is one of diligent and systematic mineral exploration, with a primary focus on discovering large, high-grade gold and copper-gold deposits in Cote d’Ivoire. To learn more about our projects, collaborate, or make inquiries, please feel free to contact us. The company’s journey began in December 2017 after the takeover of Mariana Resources (Mariana) by Sandstorm Gold Royalties (Sandstorm), resulting in the spin-out of Mariana’s Ivorian projects.Sandstorm is still a cornerstone investor.
Projects
Active mining projects and exploration sites
BBM
Gold exploration and development project
Charger
Gold exploration and development project
Empire
Gold exploration and development project
Lando
Gold exploration and development project
Odienné Project
The greater Odienné Project lies in the northwest Denguélé Region of Côte d’Ivoire, approximately 600 kilometres northwest of the commercial capital, Abidjan, and approximately 400 kilometres northwest of the capital, Yamoussoukro.
Sceptre
Gold exploration and development project
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About Awalé Resources
Awalé Resources (TSXV: ARIC) is a gold-focused mineral exploration company with ground in Cote d'Ivoire, Côte d'Ivoire, Australia.
The company holds 6 projects on file, at the exploration stage.
3 financings are on record, totalling approximately C$25.1M, most recently in July 2026.
20 press releases are tracked here, 1 of them financing-related, with the most recent dated Sep 22, 2026.
The story of Awalé Resources is one of diligent and systematic mineral exploration, with a primary focus on discovering large, high-grade gold and copper-gold deposits in Cote d’Ivoire. To learn more about our projects, collaborate, or make inquiries, please feel free to contact us. The company’s journey began in December 2017 after the takeover of Mariana Resources (Mariana) by Sandstorm Gold Royalties (Sandstorm), resulting in the spin-out of Mariana’s Ivorian projects.Sandstorm is still a cornerstone investor.
Key facts
| Listing | TSXV: ARIC |
|---|---|
| Market capitalisation | $77.3M |
| Shares outstanding | 119.0M |
| Projects on file | 6 |
| Commodities | Gold |
| Jurisdictions | Cote d'Ivoire · Côte d'Ivoire · Australia |
| Financings on record | 3 |
| Insider trades (30 days) | 2 buys, 0 sells on the open market · last filing 2026-09-02 |
Projects
| Project | Commodity | Location | Stage |
|---|---|---|---|
| BBM | — | Cote d'Ivoire | Exploration |
| Charger | — | Côte d'Ivoire | Exploration |
| Empire | — | — | Exploration |
| Lando | — | — | Exploration |
| Odienné Project | Gold | Australia | Early exploration |
| Sceptre | — | Cote d'Ivoire | Exploration |
Financing history
| Announced | Type | Amount | Warrants |
|---|---|---|---|
| Jul 28, 2026 | Private placement | C$19.0M | — |
| May 27, 2026 | Warrant exercise | C$1.1M | — |
| May 19, 2026 | Warrant exercise | C$5.0M | — |
Warrants attached to past raises are future dilution at a fixed price. The Warrant Overhang Radar tracks the resulting overhang, and the Dilution Tracker shows how the share count has grown.
Recent news releases
- Sep 22, 2026Awalé Outlines Fully Funded 71,500 Metre Exploration Program Targeting New Discoveries Across its 100%-Owned Odienné Ground
- Sep 18, 2026Awalé Announces Results of Annual General and Special Meeting of Shareholders
- Sep 15, 2026Awalé Reports Gold Recoveries of up to 98% at Odienné on Simple, Conventional Metallurgy
- Aug 20, 2026Awalé Defines New 4-Kilometre Gold Target at 100%-Owned Seydou Permit; Drilling Underway at the Fremen Discovery
- Aug 10, 2026Awalé Appoints Michael Dorfman to its Board of Directors
- Aug 6, 2026Awalé Completes $20.7 Million Strategic Financing with Closing of Final Tranche
- Jul 28, 2026Awalé Closes $19 Million Strategic Investment by Predictive Discovery and Fortuna Mining
- Jul 27, 2026Awalé Announces Exercise of Participation Rights by Fortuna Mining
- Jul 20, 2026Awalé Hits 43.7 g/t Gold Equivalent Below the BBM Open Pit with Initial Deeper Holes Pointing to Underground Growth
- Jul 14, 2026Awalé Welcomes Predictive Discovery as a Strategic Investor