Irving Resources Inc. (Irving) is a Canadian-based mineral exploration company with interests in projects in Japan and Africa.
Irving incorporated a wholly-owned subsidiary in Japan named, Irving Resources Japan GK which enables Irving to acquire and hold exploration and mining projects in Japan.
In addition, Irving holds Project Venture Agreements (PVA) with the Japan Oil, Gas and Metals National Corporation (JOGMEC) for the joint exploration programs in Malawi, the United Republic of Tanzania and the Republic of Madagascar.
A wholly-owned joint venture subsidiary, named Spring Take Limited, a Tanzania Corporation, has been established to carry out copper exploration in Mpwapwa area, Dodoma region in Tanzania. Under the PVA, the participating interest and contributions of each of the joint venture partners is 67% JOGMEC and 33% Irving.
A wholly-owned joint venture subsidiary, named New River Stone Ltd, a Madagascar Corporation, has been established to carry out exploration in Madagascar. Under the PVA, the participating interest and contributions of each of the joint venture partners is 90% JOGMEC and 10% Irving, with Irving having an option to increase its participating interest up to 33% with the reimbursement to JOGMEC of a corresponding percentage of the costs incurred on any project.
Through a subsidiary, Irving is also party to a Rare Earth Elements (REE) Joint Exploration Agreement with JOGMEC in Malawi.
JOGMEC is a government organization established under the Japanese Ministry of Economy, Trade and Industry, and is responsible for fostering international exploration and development of strategic minerals, amongst other mineral and petroleum related activities.
Irving is a reporting issuer as a result of the completion of a plan of arrangement involving Irving, Gold Canyon Resources Inc. and First Mining Finance Corp. As part of the plan of arrangement, Gold Canyon transferred its early stage non‐gold exploration assets to Irving. Irving is seeking opportunities for high quality exploration projects primarily in Japan.