Grizzly Discoveries Inc. (TSXV:GZD) is a Canadian junior exploration and development company with a significant land position in the historic Greenwood mining camp of southeastern British Columbia. The Company’s holdings comprise more than 173,000 acres across multiple claim groups, extending over 60 km along the Canada–U.S. border. In addition, Grizzly controls the Robocop property, acquired in 2013, that covers 9,837 acres and hosts prospective cobalt–copper–silver mineralization.
The Greenwood Camp claims encompass over 100 historically active mine sites, several of which represent the Company’s primary exploration targets. Grizzly has maintained control of this extensive land package for the past 15 years, during which it has executed both regional and target-specific exploration programs to delineate priority resource development opportunities.
The Company is advancing its plans in collaboration with the Osoyoos Indian Band, focusing on rehabilitation of historic mine sites as part of an environmental remediation initiative. This strategy also contemplates processing suitable mineralized rock to recover payable metals, including gold, silver, and copper, that have historically defined the camp’s production profile.
Grizzly’s exploration and development strategy positions it to participate in the re-opening of the Greenwood camp at a time of record-setting gold prices. Elevated metal prices are driving renewed investor interest in the junior developer sector, with near-term producers experiencing strong market support and valuation gains. Notably, two comparable projects in British Columbia have successfully advanced past-producing camps and emerged as leading market performers. Grizzly aims to replicate this trajectory, supported by renewed investor interest and strong community engagement.
We are initiating coverage with a Buy recommendation, reflecting the Company’s advancing strategy for value creation through exploration, asset monetization, and potential production partnerships. Our preliminary target price for Grizzly’s shares is $0.15, with an expectation of upward revision as the Company demonstrates tangible progress on its development plans.
District-scale asset base
- Over 173,000 acres in the historic Greenwood Camp plus the large Robocop Property near Cranbrook, southeastern BC, a Tier 1 jurisdiction.
- More than 100 past-producing gold, silver, and copper mines; large mine closures driven by market conditions, not resource depletion.
- Extensive datasets and advanced targets provide a foundation for exploration success and future development.
Near-term production opportunities
- Collaboration with the Osoyoos Indian Band on regional mine-site clean-up, combining environmental remediation with revenue generation.
- Potential to reprocess mineralized rock and stockpiles, supported by record gold and silver prices.
- Access to local toll milling capacity, potentially including the refurbished Zip Mill, and regional facilities at Merritt, New Afton, BC and near Republic, WA.
We are initiating coverage with a Buy recommendation, reflecting the Company’s advancing strategy for value creation through exploration, asset monetization, and potential production partnerships. Our preliminary target price for Grizzly’s shares is $0.15, with an expectation of upward revision as the Company demonstrates tangible progress on its development plans. The analyst conducted a site visit in August 2025, and this report contains many photos that illustrate the property’s resource development potential.
Flexible value creation model
- Large property package allows partitioning into blocks for sale or option agreements, stimulating regional activity.
- Option and sale revenues can fund Grizzly’s priority exploration, resource definition, and production strategy.
Strategic partnerships and market dynamics
- Phoenix Copper Co. is reactivating the camp with the Lexington Mine and Zip Mill, enhancing visibility and investor perception.
- Grizzly’s assets could complement Phoenix Copper in a consolidation or go-public transaction, focusing capital on priority targets.
This report has been prepared by an analyst on contract with or employed by Couloir Capital Ltd. The analyst certifies that the views expressed in this report, which include the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report, accurately reflect his or her personal views about the subject securities and the issuer. No part of his / her compensation was, is, or will be directly or indirectly related to the specific recommendations.
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1. In the last 24 months, Couloir Capital Ltd. has been retained by the subject issuer under a service agreement that includes analyst research coverage.
2. The views of the Analyst are personal.
3. No part of the Analyst’s compensation was directly or indirectly related to the specific ratings as used by the research Analyst in the Reports.
4. The Analyst does not maintain a financial interest in the securities or options of the Company.
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