FundedIQ
Natural Resources

Diamcor Mining

Diamcor Mining, a publicly traded Canadian company, has a strong track record of supplying rough diamonds to the global market. In 2011, the company entered into a strategic partnership with luxury retailer Tiffany & Co. and is currently in the final stages of developing the Krone-Endora at Venetia Project. This project, which was acquired from De Beers, is located next to the Venetia Mine, the third largest diamond mine in the world. The Krone-Endora Project has the potential to provide low-cost rough diamond production in the near future, as it contains deposits resulting from the erosion of material from the adjacent Venetia kimberlites. The company has already completed extensive exploration, drilling, bulk sampling, and an initial NI43-101. Currently, site preparations, infrastructure, and the construction of a modular processing plant are close to completion. Alongside the development of the Krone-Endora Project, Diamcor Mining aims to identify, acquire, and operate other high-quality diamond projects to increase yearly production and support the long-term goals of its shareholders and strategic alliance partner.

www.diamcormining.com Kelowna, Canada 11-50 employees
Total raised
$1.5M
Rounds
1
Latest
Series Unknown
Jan 2024

Diamcor Mining, a publicly traded Canadian company, has a strong track record of supplying rough diamonds to the global market. In 2011, the company entered into a strategic partnership with luxury retailer Tiffany & Co. and is currently in the final stages of developing the Krone-Endora at Venetia Project. This project, which was acquired from De Beers, is located next to the Venetia Mine, the third largest diamond mine in the world. The Krone-Endora Project has the potential to provide low-cost rough diamond production in the near future, as it contains deposits resulting from the erosion of material from the adjacent Venetia kimberlites. The company has already completed extensive exploration, drilling, bulk sampling, and an initial NI43-101. Currently, site preparations, infrastructure, and the construction of a modular processing plant are close to completion. Alongside the development of the Krone-Endora Project, Diamcor Mining aims to identify, acquire, and operate other high-quality diamond projects to increase yearly production and support the long-term goals of its shareholders and strategic alliance partner.

Diamcor Mining has raised $1.5M across 1 round. Its most recent round was a Series Unknown of $1.5M in Jan 2024. Full funding history, investors, and team are detailed below.

Funding history

1 round · 1 visible Unlock with plan

1 round on record.

Date
Round
Amount
Lead investor
Jan 18, 2024
Series Unknown
$1.5M

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