Company Description
Great Atlantic Resources Corp. (traded over-the-counter as GRARF and on the TSX Venture Exchange as GR) is a Canadian mineral exploration company focused on the discovery and development of mineral assets in Atlantic Canada. According to the company, it concentrates on gold, copper, zinc, nickel, cobalt, antimony and tungsten within what it describes as a resource-rich and sovereign risk-free region.
Great Atlantic Resources states that it is building the company using a Project Generation model. In this approach, the company identifies and advances exploration projects in Atlantic Canada, with an emphasis on elements it refers to as some of the most critical on the planet. This model supports a pipeline of exploration targets at different stages of advancement, centered on the geology and mineral potential of Atlantic Canada.
Focus on Atlantic Canada
The company describes Atlantic Canada as one of the leading mining regions globally. Within this region, Great Atlantic Resources is active on projects that are prospective for precious and base metals. Its work includes compiling historical records, conducting modern exploration such as trenching and diamond drilling, and integrating geophysical and geochemical data to refine targets.
A key example of this regional focus is the Keymet Precious–Base Metal Project in northeast New Brunswick, which Great Atlantic Resources reports as being 100% owned. The company has highlighted this project as a priority silver-focused exploration asset based on a multi-generation dataset that includes historic mine records, underground plans, drilling, trenching, geophysics and geochemistry.
Keymet Project and Silver Exploration
The Keymet Project consists of two mineral claims covering an area the company reports as approximately 3,340 hectares, located in northern New Brunswick. Within this project, Great Atlantic Resources has compiled reported exploration results for silver, including historic workings and more recent drilling. The company notes that the project area hosts multiple silver-bearing veins and vein systems, including occurrences documented in the New Brunswick Department of Natural Resources and Energy Development Mineral Occurrence Database.
Great Atlantic Resources reports that the Keymet Project includes two historically exploited silver-rich vein systems: the historic Elmtree Silver Mine occurrence and the past-producing Keymet Mine. The company’s compilation indicates that 19th-century workings at the Elmtree Silver Mine occurrence date back to around 1880–1897, while the Keymet Mine saw commercial silver-lead-zinc-copper production in the mid-1950s. The company states that these historic operations, combined with modern drilling, demonstrate that Keymet is one of the more historically significant silver-bearing vein systems in Atlantic Canada.
According to Great Atlantic Resources, its own diamond drilling at and near the Elmtree 12 polymetallic vein system within the Keymet Project between 2015 and 2021 has intersected multiple high-grade silver intervals over core lengths. The company also reports trenching that exposed veins and glacial float with high-grade silver and associated base metals. In addition, several other mineral occurrences with reported silver are documented within the northern region of the Keymet Project, though Great Atlantic Resources notes that it has not confirmed mineralization at some of these additional occurrences.
Exploration Strategy and Project Pipeline
Great Atlantic Resources indicates that it is planning follow-up work at Keymet based on its compilation of historic and modern data. The company outlines plans that include detailed structural mapping, additional prospecting, rock and soil geochemical sampling, further geophysical surveys, and additional trenching and diamond drilling focused on the northwest region of the project. These activities are intended to test silver-bearing veins and geophysical and geochemical anomalies that the company believes may represent further exploration targets.
Beyond Keymet, Great Atlantic Resources describes itself as concentrating on mineral assets across Atlantic Canada that are prospective for gold, copper, zinc, nickel, cobalt, antimony and tungsten. Within its Project Generation model, the company seeks to identify projects where historic work, geological setting and modern exploration techniques can be combined to advance targets and potentially define mineralized zones.
Corporate Characteristics
Great Atlantic Resources Corp. is based in Vancouver, British Columbia, and positions itself as a Canadian exploration company with a regional focus rather than a global operating footprint. Its emphasis on Atlantic Canada and on specific metals reflects a strategy centered on jurisdictions and commodities the company views as attractive from both geological and regulatory perspectives.
The company’s public communications highlight the role of qualified geological oversight. For example, technical information in its Keymet-related news release was approved by a Professional Geoscientist acting as Vice President of Exploration, in accordance with Canadian disclosure standards for mineral projects.
Investment and Research Considerations
As a mineral exploration company, Great Atlantic Resources does not present itself as a mining operator with producing mines in the provided information, but rather as an explorer advancing projects through stages of geological evaluation. Investors and researchers examining GRARF may focus on project-level data such as drill results, historic production records, reported grades, and the scope of planned exploration programs, as these factors can influence the perceived potential of exploration-stage companies.
Because exploration outcomes are uncertain, regulatory news releases and technical reports are central sources of information for understanding Great Atlantic Resources’ progress. The company’s emphasis on Atlantic Canada, critical metals, and a Project Generation model frames the context for its announcements about drilling, sampling, geophysical surveys and project prioritization.
Summary
In summary, Great Atlantic Resources Corp. (GRARF) is a Canadian mineral exploration company focused on Atlantic Canada, with stated emphasis on gold, copper, zinc, nickel, cobalt, antimony and tungsten. Through a Project Generation approach, it advances exploration projects such as the Keymet Precious–Base Metal Project in New Brunswick, where historic silver mining and modern drilling have outlined multiple silver-bearing vein systems. Company disclosures center on exploration data, historic records and planned field programs, which together define its profile as an exploration-focused issuer rather than a producer.
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No SEC filings available for Great Atlantic Res.
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Short Interest History
Short interest in Great Atlantic Res (GRARF) currently stands at 69.9 thousand shares, down 0.1% from the previous reporting period, representing 0.2% of the float. Over the past 12 months, short interest has decreased by 20.6%. This relatively low short interest suggests limited bearish sentiment. With 1000.0 days to cover, it would take significant time for short sellers to close their positions based on average trading volume.
Days to Cover History
Days to cover for Great Atlantic Res (GRARF) currently stands at 1000.0 days, up 14758.7% from the previous period. This elevated days-to-cover ratio indicates it would take over two weeks of average trading volume for short sellers to exit their positions, suggesting potential for a short squeeze if positive news emerges. The days to cover has increased 16566.5% over the past year, indicating either rising short interest or declining trading volume. The ratio has shown significant volatility over the period, ranging from 6.0 to 1000.0 days.