Group Eleven Resources Corp. (the "Company") was formed in 2015 through the incorporation of a wholly owned subsidiary in Ireland, Group Eleven Resources Limited ("GERL") in order to target superior exploration opportunities in the Irish zinc district. Through 2015, 2016 and 2017, GERL (and its wholly operating subsidiary, Group Eleven Mining & Exploration Limited or "GEME") successfully acquired mineral prospecting licenses encompassing a number of key areas and established the Company as one of the largest license holders in Ireland.
In June 2017, GERL acquired, from Teck Ireland Ltd. (“Teck”), a 60% interest in Ballinalack Resources Limited, the owner of the Ballinalack Project, hosting potential Navan-style mineralization in the Pale Beds. Subsequently, in September 2017, GERL acquired, from Teck, a 76.56% interest in TILZ Minerals Limited, the owner of the Stonepark Project, next to one of the world’s largest undeveloped zinc deposits, Glencore’s Pallas Green property.
The Company completed an initial public offering (IPO) on the TSX Venture Exchange (Canada) on December 14, 2017, trading under the ticker “ZNG”. The Company also began trading on the OTC Venture Market (United States) under the ticker “GRLVF” on June 27, 2018. In October 2019, the Company entered into a non-brokered private placement (totalling C$1,008,000 priced at C$0.12 per unit) and Shareholder Rights Agreement with Glencore Canada Corp. (“Glencore”), establishing Glencore as the largest shareholder of the Company. Michael Gentile became the second largest shareholder of the Company as part of a non-brokered private placement which closed July 30, 2020.
The Company announced a zinc discovery at its Ballywire prospect (PG West Project, 100% interest) on September 6, 2022.
Discover Ireland’s next big zinc mine in order to generate exponential shareholder returns and local economic benefits.
Re-write the book on Irish zinc exploration by using out-of-the-box thinking, the latest information and cutting-edge technology. Apply this to our strategic land package via a two pronged, parallel approach consisting of regional-scale thinking and near-term growth though drill target testing and resource expansion.
Ireland is an infrastructure-rich first-world jurisdiction hosting some of the world’s largest zinc deposits. The deposits tend to be metallurgically clean, helping minimize impacts on the environment. We are situated adjacent to existing deposits, lowering our hurdle for exploration success.