FundedIQ
Manufacturing

Pelangio Exploration

Pelangio Exploration is a small company focused on gold exploration. They acquire and investigate large areas of land in well-known gold regions, employing innovative corporate strategies to maximize the value for their shareholders. Their recent accomplishment was the acquisition, investigation, reimagining, and subsequent sale of the Detour Lake discovery in northern Ontario, which now holds 15.6 million ounces of gold reserves and promising growth potential. Similar to their approach at Detour Lake, Pelangio consistently seeks out extensive land packages in established gold regions. Currently, their attention is on their latest ventures: the Manfo, Akroma, and Obuasi Properties in West Africa's Ghana. The Manfo Property is a 100 square kilometer area that sits between two operational gold mines and has shown promising near-surface discoveries of both high-grade and large tonnage deposits. The Akroma Property consists of two blocks covering 160 square kilometers and is situated north of the Sefwi belt, with plans to test geochemical targets in 2013. Additionally, Pelangio is actively exploring their 290 square kilometer Obuasi Property, which is located adjacent to the successful Obuasi mine operated by AngloGold Ashanti.

www.pelangio.com Burlington, Canada 11-50 employees
Total raised
$500k
Rounds
1
Latest
Series Unknown
Sep 2023

Pelangio Exploration is a small company focused on gold exploration. They acquire and investigate large areas of land in well-known gold regions, employing innovative corporate strategies to maximize the value for their shareholders. Their recent accomplishment was the acquisition, investigation, reimagining, and subsequent sale of the Detour Lake discovery in northern Ontario, which now holds 15.6 million ounces of gold reserves and promising growth potential. Similar to their approach at Detour Lake, Pelangio consistently seeks out extensive land packages in established gold regions. Currently, their attention is on their latest ventures: the Manfo, Akroma, and Obuasi Properties in West Africa's Ghana. The Manfo Property is a 100 square kilometer area that sits between two operational gold mines and has shown promising near-surface discoveries of both high-grade and large tonnage deposits. The Akroma Property consists of two blocks covering 160 square kilometers and is situated north of the Sefwi belt, with plans to test geochemical targets in 2013. Additionally, Pelangio is actively exploring their 290 square kilometer Obuasi Property, which is located adjacent to the successful Obuasi mine operated by AngloGold Ashanti.

Pelangio Exploration has raised $500k across 1 round. Its most recent round was a Series Unknown of $500k in Sep 2023. 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
Sep 11, 2023
Series Unknown
$500k

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