Marathon Gold: Funding, Investors & Team (Aug 2026)
Marathon (TSX:MOZ) is a Toronto-based gold company advancing its 100%-owned Valentine Gold Project located in the Central Region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of four mineralized deposits along a 20-kilometre system. Once developed, the Valentine Gold Project will be the largest gold mine in Atlantic Canada. The Valentine Gold Project will have a significant impact on the economy of the Central Region, with over 400 jobs during construction and operation, and over C$100m of annual average purchasing of goods and services. Marathon’s objective is the financing, development and successful operation of the Valentine Gold Project. We seek to accomplish this with zero harm to our people, protection of the environment, and respect for communities and Indigenous groups.
Marathon Gold has raised $34.1M across 2 funding rounds on record, the most recent an undisclosed round of $28.9M announced in Nov 2023.
That round is above the $2.2M median round size for Natural Resources companies tracked on FundedIQ over the last two years.
Marathon Gold Company Profile and Key Stats
Latest funding round on record: Nov 2023.
Marathon Gold Funding Rounds
Marathon Gold raised $5.2M in an undisclosed round announced in Jul 2023.
4 months later, an undisclosed round of $28.9M was announced in Nov 2023.
Marathon Gold Founders and Leadership Team
No contact details are on record for this team yet.
Marathon Gold Funding Compared to Other Natural Resources Startups
Marathon Gold's latest round of $28.9M is above the median round in Natural Resources. Medians cover the last 24 months of disclosed rounds.
Funded Startups Like Marathon Gold in Natural Resources and Toronto
Companies Similar to Marathon Gold
Errington Metals is a mineral exploration company focused on critical and precious metals projects.
NexGold Mining Corp. is a gold-focused exploration and development company with assets in Canada and is…
Red Metal Resources is a mineral exploration company focusing on acquiring, exploring, and developing…
Caprock Mining is a mineral exploration and mining company that primarily explores gold and other minerals…
Rathdowney is focused on Project Olza, an advanced stage zinc-lead-silver project located in the Upper…
Denarius Metals is a company that is involved in acquiring, exploring, developing, and eventually operating…
Generation Mining is a company primarily involved in developing zinc and molybdenum projects in Canada. It…
Canstar Resources is a Canadian mineral exploration and development company led by a professional, highly…
NOA Lithium Brines is a lithium exploration and development firm founded to purchase assets with high…
Surface Metals is known for their work in exploring, developing, and extracting lithium and valuable metals.
1911 Gold Corp is a gold producer which represents the next generation of exploration and production of…
F4 Uranium is a mineral exploration company that focuses on discovering and developing uranium resources. The…
Marathon Gold Funding FAQs
What does Marathon Gold do?
Marathon (TSX:MOZ) is a Toronto-based gold company advancing its 100%-owned Valentine Gold Project located in the Central Region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. The Project comprises a series of four mineralized deposits along a 20-kilometre system. Once developed, the Valentine Gold Project will be the largest gold mine in Atlantic Canada. The Valentine Gold Project will have a significant impact on the economy of the Central Region, with over 400 jobs during construction and operation, and over C$100m of annual average purchasing of goods and services. Marathon’s objective is the financing, development and successful operation of the Valentine Gold Project. We seek to accomplish this with zero harm to our people, protection of the environment, and respect for communities and Indigenous groups.
How much funding has Marathon Gold raised?
Marathon Gold has raised $34.1M across 2 rounds on record. The most recent is an undisclosed round of $28.9M announced in Nov 2023.
When did Marathon Gold last raise funding?
Marathon Gold's most recent funding round on record is an undisclosed round of $28.9M, announced in Nov 2023.
Who founded Marathon Gold?
FundedIQ lists Tim Williams (Founder) at Marathon Gold.
Who is the CEO of Marathon Gold?
Matthew Manson is listed as CEO at Marathon Gold.
Where is Marathon Gold headquartered?
Marathon Gold is based in Toronto, Ontario, Canada.
How many employees does Marathon Gold have?
Marathon Gold is in the 101-250 employee band.
How does Marathon Gold's funding compare to other Natural Resources startups?
Marathon Gold's latest round of $28.9M is above the $2.2M median round size for Natural Resources companies on FundedIQ across 620 tracked companies over the last two years.
About FundedIQ's Marathon Gold Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Marathon Gold is left off this page rather than filled in.
Know who just raised. Then know who to reach.
Every newly funded startup with its round, its investors and its founders: delivered weekly by email, or searchable in the app.
Alerts from $19/mo · Pro from $99/mo. Card required, nothing charged until day 15, and we email you 3 days before that.