Great Bear Exploration represents the reset of an ASX shell into a substantive, district-scale Canadian uranium–copper–gold–silver exploration company. The public offer provides entry prior to first systematic drilling on multiple walk‑up targets in a proven mining camp at a market cap less then $3,000,000.
Great Bear Exploration Limited
GBL
Lead Manager
Contact - Jake Grbavac
0474 484 982
jake@liquidity.com.au
Offer Price
A$0.0200
per share
Minimum Subscription
A$5,500,000
Offer Details
Issue Price (Per Share)
A$0.0200
Minimum Subscription (before costs)
Offer Size
A$5,500,000
Shares Available
275,000,000
Maximum Subscription (before costs)
Offer Size
A$6,500,000
Shares Available
325,000,000
GBL to raise a minimum of $5,500,000 by the issue of 275,000,000 fully paid ordinary shares at 2 cents.Â
Oversubscriptions of up to an additional 50,000,000 Shares at $0.02 per Share to raise up to an additional $1,000,000 may be accepted.
Documents & Downloads
Company Overview
Great Bear Exploration Limited (formerly Hydrocarbon Dynamics Limited) is an ASX-listed exploration company focused on developing a large-scale, polymetallic energy metals project in the Northwest Territories of Canada. The Company’s flagship Great Bear Lake Project covers more than 2,800km² in one of Canada’s most historic and productive uranium and silver mining districts, adjacent to former high-grade producers such as Eldorado, Echo Bay and Contact Lake. Targeting in-demand commodities including uranium, copper, gold and silver, Great Bear Exploration is positioned in a Tier 1 jurisdiction with established mining infrastructure, strong regulatory frameworks and logistical support from the regional hub of Yellowknife.
Under the leadership of an experienced board and management team with a track record across discovery, project development and capital markets, the Company is executing a modern, data-driven exploration strategy that integrates extensive historical datasets with recent field work and geophysics. Early work has confirmed high-grade mineralisation at multiple prospects, with numerous walk-up drill targets already defined across IOCG, epithermal and skarn-style systems. With fully permitted tenure, an expanding exploration footprint and a pipeline of drilling and field programs planned, Great Bear Exploration aims to unlock the scale potential of one of Canada’s most prospective, yet underexplored, energy metals districts.
Highlights
- Tier 1 jurisdiction in Canada’s Northwest Territories, supported by established mining infrastructure and logistics via Yellowknife (90 minutes by air).
- District-scale landholding of more than 2,800km² in the Great Bear Lake region, one of Canada’s largest historic uranium and silver mining districts.
- Multi-commodity exposure to uranium, copper, gold and silver, with numerous high-grade surface results already identified across multiple prospects.
- Fully permitted tenure with walk-up drill targets generated from the combination of recent field work, historic datasets and modern geophysics.
Historical Work & Geology
- Long mining history, with the broader district historically producing uranium oxide, silver, copper and other base metals.
- Located within the Great Bear Magmatic Zone, considered highly prospective for iron-oxide-copper-gold (IOCG), epithermal and skarn-style mineralisation.
- Decades of historical exploration data and more recent academic work are being reprocessed and integrated into a modern geological and GIS framework.
Maiden Field Results
- Phoenix: high-grade copper-gold-silver mineralisation from surface, including multiple samples with very high copper percentages and multi-gram gold and silver.
- Coyote: strong gold and copper grades from a relatively small sampled footprint, highlighting potential scale within a broader structural feature.
- Slider: bonanza-style silver grades from surface sampling in proximity to historic silver producers, indicating a highly fertile silver system.
- Additional prospects (e.g. Payback, Cougar, Charlie, Viper) have returned high-grade copper and silver rock-chip samples, broadening the target pipeline.
Exploration Upside & Catalysts
- Near-term work programs include additional mapping, sampling and refinement of drill targets across the Great Bear project area.
- A fully funded drilling program is planned, focused on priority gold, silver, copper and uranium prospects identified from geophysics and surface work.
- Further target generation is expected as digitised historical data and new geophysical interpretations are integrated into the regional model.
Use of Funds
Minimum Subscription
Maximum Subscription
A$
%
A$
%
In-Country Manager, geologist and consultants
$610,000.00
10.17%
$610,000.00
8.71%
Archaeology, permitting, Approvals & Community Relations
$195,000.00
3.25%
$195,000.00
2.79%
Camp & Logistics
$275,000.00
4.58%
$275,000.00
3.93%
Mapping & Sampling
$400,000.00
6.67%
$400,000.00
5.71%
RC Drilling
$1,175,000.00
19.58%
$1,175,000.00
16.79%
Total exploration expenditure
$2,655,000.00
44.25%
$2,655,000.00
37.93%
WCN Cash Reimbursement
$1,200,000.00
20%
$1,200,000.00
17.14%
Expenses of the Offers
$750,000.00
12.5%
$810,000.00
11.57%
Working capital and corporate costs
$1,395,000.00
23.25%
$2,335,000.00
33.36%
Total
$6,000,000.00
100%
$7,000,000.00
100%
In-Country Manager, geologist and consultants
(Min Subscription)
(Max Subscription)
$610,000.00
$610,000.00
10.17%
8.71%
Archaeology, permitting, Approvals & Community Relations
(Min Subscription)
(Max Subscription)
$195,000.00
$195,000.00
3.25%
2.79%
Camp & Logistics
(Min Subscription)
(Max Subscription)
$275,000.00
$275,000.00
4.58%
3.93%
Mapping & Sampling
(Min Subscription)
(Max Subscription)
$400,000.00
$400,000.00
6.67%
5.71%
RC Drilling
(Min Subscription)
(Max Subscription)
$1,175,000.00
$1,175,000.00
19.58%
16.79%
Total exploration expenditure
(Min Subscription)
(Max Subscription)
$2,655,000.00
$2,655,000.00
44.25%
37.93%
WCN Cash Reimbursement
(Min Subscription)
(Max Subscription)
$1,200,000.00
$1,200,000.00
20%
17.14%
Expenses of the Offers
(Min Subscription)
(Max Subscription)
$750,000.00
$810,000.00
12.5%
11.57%
Working capital and corporate costs
(Min Subscription)
(Max Subscription)
$1,395,000.00
$2,335,000.00
23.25%
33.36%
Total
(Min Subscription)
(Max Subscription)
$6,000,000.00
$7,000,000.00
100%
100%
Board & Mangement
Rod McIllree
Executive Director
Rod is an Australian geologist with extensive experience in developing large-scale projects. With extensive knowledge in M&A, international logistics and small-cap fundraisings, he provides the leadership for this new phase of growth of the company.
Troy Whittaker
Non-Executive Director
Troy is an accomplished executive with more than 20 years of experience spanning international project evaluation, development, and operation of multi-billion dollar assets across a broad range of commodities. He has a strong track record of value creation through disciplined project execution and strategic asset development, complemented by deep experience operating in Northern Canada, where he has unlocked and enhanced project value in complex environments.
Ray Shorrocks
Non-Executive Chairperson
Ray is a highly regarded corporate finance executive with over 30 years’ experience in the mining and resources sector. At Patersons Securities, he played a key role in structuring equity capital raisings and advising on strategic M&A transactions for ASX-listed companies. Through his leadership at Firefly Resources and Bellevue Gold, Ray has built a strong track record of delivering shareholder value, driving growth, and unlocking asset potential. His deep market expertise and disciplined approach have consistently translated into meaningful returns for investors.
Stephen Mitchell
Non-Executive Director
Stephen has a Masters Degree in International Economics and Foreign Policy from John Hopkins University in Washington DC. following which he spent 10 years as a natural resources specialist at investment banks and advisory firms in the US and Australia. He is the Chairman of Lowell Resources Funds Management and has been the founding MD of an ASX 200 resources company with major projects in Canada.
Disclaimer
This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Great Bear Exploration Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.
Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Great Bear Exploration Limited.
