Gold$2,045.30+0.52%
Silver$23.84-0.18%
Copper$3.85+1.23%
Platinum$912.40-0.33%
Iron Ore$118.50+2.14%
Nickel$16,892-0.89%
EraNova Metals Corp. logo

EraNova Metals Corp.

NOVA.VSmall CapSilver

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About EraNova Metals Corp.

EraNova Metals Corp. (NOVA.V) is a silver mining company listed on the TSX Venture Exchange (TSXV). Our project database tracks 14 projects for EraNova Metals Corp. with technical and economic data extracted from company filings. Its flagship Adanac Molybdenum (Ruby Creek) (PEA) carries an after-tax NPV of C$715M and an IRR of 23.5% over a 24-year mine life.

EraNova Metals Corp. is a silver and gold exploration company focused on resource development. The company is engaged in precious metals exploration and advancement.

Primary Commodities

Silver

Project Economics

Big Ledge (Lead-Zinc)

Lead-Zinc· British Columbia, Canada· Exploration
Ownership100%
Mineral Resources
Non-compliant historical estimate: ~100 Mt at 4% Zn (including ~10 Mt at 7% Zn) — not a current mineral resource

Ruby Creek Property (Atlin Discovery Project)

Copper, Gold, Silver (with tungsten)· Atlin, British Columbia, Canada· Exploration
Ownership100%

South Thompson (Nickel)

Nickel· British Columbia, Canada· Exploration
Head GradeHistorical drill results: 165m @ 0.32% Ni and 24m @ 0.35% Ni
Ownership100%

Atlin Discovery (Ruby Creek Property)

Gold-Silver (with Copper, Tungsten)· Atlin, British Columbia, Canada· Exploration
Head GradeSample highlights: up to 257 g/t Au, 16,030 g/t Ag, 8.1% Cu, 17% WO3
Recovery95%
Ownership100%

Big Ledge

Lead-Zinc· British Columbia, Canada (Atlin area)· Exploration
Ownership100%
Mineral Resources
Non-compliant historical estimate of ~100 Mt at 4% Zn (including ~10 Mt at 7% Zn) — not classified as current mineral resource

Adanac Molybdenum Project

Molybdenum· Atlin, British Columbia, Canada· Development
PEA
Aug 2026
NPV (After-Tax) @ 8%C$715M
IRR (After-Tax)23.5%
Initial CapexC$953M
Payback2.4 yrs
AISC19.8 CAD/lb Mo
Mine Life24 yrs
Annual Production11.4 Mlb Mo
Head Grade0.051% Mo (M&I)
Mine TypeOpen-pit
Strip Ratio0.7:1
Ownership100%
Contained Metal435.7 Mlb Mo (M&I)
Mineral Resources
Measured 39 Mt @ 0.072% Mo (61.7 Mlb); Indicated 352.2 Mt @ 0.048% Mo (374.1 Mlb); M&I 391.2 Mt @ 0.051% Mo (435.7 Mlb); Inferred 76.4 Mt @ 0.042% Mo (71 Mlb)

Adanac Molybdenum Project (Ruby Creek Molybdenum Deposit)

Molybdenum· Northwestern British Columbia, Canada· Development
PEA
Aug 2026
NPV (After-Tax) @ 8%C$715M
NPV (Pre-Tax)C$1.20B
IRR (After-Tax)23.5%
Initial CapexC$953M
Payback2.6 yrs
AISC19.8 CAD/lb
Mine Life24 yrs
Annual Production11,369 klb Mo
Head Grade0.054% Mo (LOM mill feed grade)
Recovery90.2%
Mine TypeOpen-pit
Ownership100%
Mineral Resources
Current PEA resource: 93% Measured & Indicated and 7% Inferred mineral resources supporting the mine plan (tonnage/grade not stated in provided text); effective date of Ruby Creek area MRE August 6, 2026

Ruby Creek Exploration Targets (Lakeview / Little Edna / BDX / Ruffner / Silver Surprise)

Gold-Silver (epithermal) and Copper-Gold porphyry· Atlin, British Columbia, Canada· Exploration
Resource Estimate
Head GradeSurface samples up to 257 g/t Au, 16,030 g/t Ag, 17% WO3; 8.1% Cu and 36.8 g/t Au across 1 km x 600 m footprint
Recovery95%
Ownership100%

Ruby Creek (Atlin Discovery Project)

Gold· Atlin, British Columbia, Canada· Exploration
Resource Estimate
Mineral Resources
High-grade surface samples up to 257 g/t Au, 16,030 g/t Ag; 198 gold samples >1 g/t Au; 372 silver samples >100 g/t Ag

Ruby Creek / Adanac Molybdenum Project

Molybdenum· Atlin, British Columbia, Canada· Development
PEA
May 2026
Head Grade0.05% Mo
Mine TypeOpen-pit (pit-constrained resource)
Ownership100%
Contained Metal433 Mlbs Mo
Mineral Resources
433M lbs Molybdenum (M&I) - Stuhini Exploration Technical Report, dated April 25, 2022

Ruby Creek - Atlin Discovery Project (Gold-Silver-Tungsten-Copper)

Gold· Atlin, British Columbia, Canada· Exploration

Adanac Molybdenum Project (Ruby Creek)

Molybdenum· Atlin, British Columbia, Canada· Development
PEA
2026
NPV (After-Tax) @ 8%C$714M
NPV (Pre-Tax)C$1.20B
IRR (After-Tax)23.5%
Initial CapexC$953M
Payback2.4 yrs
AISC19.8 CAD/lb Mo
Mine Life24 yrs
Annual Production11.4 Mlb Mo
Head Grade0.054% Mo
Recovery90.2%
Mine TypeOpen Pit
Strip Ratio0.7:1
Ownership100%
Contained Metal435.7 Mlbs Mo
Mineral Resources
Measured 39 Mt @ 0.072% Mo (61.7 Mlbs); Indicated 352.2 Mt @ 0.048% Mo (374.1 Mlbs); M&I 391.2 Mt @ 0.051% Mo (435.7 Mlbs); Inferred 76.4 Mt @ 0.042% Mo (71 Mlbs)

Adanac Molybdenum (Ruby Creek)

Molybdenum· Atlin, British Columbia, Canada· Development
PEA
2026
NPV (After-Tax) @ 8%C$715M
NPV (Pre-Tax)C$1.20B
IRR (After-Tax)23.5%
Initial CapexC$953M
Payback2.4 yrs
AISC19.8 CAD/lb Mo
Mine Life24 yrs
Annual Production11.4 Mlb Mo
Head Grade0.054% Mo
Recovery90.2%
Mine TypeOpen-pit
Strip Ratio0.7:1
Ownership100%
Contained Metal506.7 Mlbs Mo
Mineral Resources
Measured 39 Mt @ 0.072% Mo (61.7 Mlbs); Indicated 352.2 Mt @ 0.048% Mo (374.1 Mlbs); M&I 391.2 Mt @ 0.051% Mo (435.7 Mlbs); Inferred 76.4 Mt @ 0.042% Mo (71 Mlbs)

Ruby Creek Project

Molybdenum· Northern British Columbia, Canada (24 km northeast of Atlin)· Exploration
Resource Estimate
Apr 2022
Mineral Resources
Measured: 49,638,000 tonnes at 0.065% Mo (71,351,000 lbs Mo); Indicated: 319,760,000 tonnes at 0.051% Mo (361,640,000 lbs Mo); M&I: 369,398,000 tonnes at 0.053% Mo (432,991,000 lbs Mo); Inferred: 41,946,000 tonnes at 0.047% Mo (43,650,000 lbs Mo) at 0.020% Mo cutoff

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Big Ledge

2 studies on record
Resource Estimate
Study

South Thompson

3 studies on record
Study
Study
Study

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Financial Metrics

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Frequently Asked Questions

What does EraNova Metals Corp. mine?
EraNova Metals Corp. is focused on Silver.
What is the economic value of EraNova Metals Corp.'s Adanac Molybdenum (Ruby Creek)?
According to its PEA, Adanac Molybdenum (Ruby Creek) has an after-tax NPV of C$715M and an IRR of 23.5%.
What exchange is EraNova Metals Corp. listed on?
EraNova Metals Corp. trades under the ticker NOVA.V on the TSX Venture Exchange (TSXV).
How many projects does EraNova Metals Corp. have?
We track 14 projects with extracted technical and economic data for EraNova Metals Corp.

Project Analysis

ANALYSISMOLYBDENUMPEA

Adanac Molybdenum Project PEA: C$715M NPV, 23.5% IRR

EraNova Metals Corp.'s Adanac Molybdenum Project in Atlin, British Columbia, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$715M, an after-tax IRR of 23.5%, and initial capital of C$953M. The mine plan runs 24 years at about 11.4 Mlb Mo per year.

EraNova Metals Corp.Oct 27, 2026
ANALYSISMOLYBDENUMPEA

Adanac Molybdenum Project (Ruby Creek Molybdenum Deposit) PEA: C$715M NPV, 23.5% IRR

EraNova Metals Corp.'s Adanac Molybdenum Project (Ruby Creek Molybdenum Deposit) in Northwestern British Columbia, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$715M, an after-tax IRR of 23.5%, and initial capital of C$953M. The mine plan runs 24 years at about 11369 klb Mo per year.

EraNova Metals Corp.Oct 15, 2026
ANALYSISMOLYBDENUMPEA

Adanac Molybdenum (Ruby Creek) PEA: C$715M NPV, 23.5% IRR

EraNova Metals Corp.'s Adanac Molybdenum (Ruby Creek) in Atlin, British Columbia, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$715M, an after-tax IRR of 23.5%, and initial capital of C$953M. The mine plan runs 24 years at about 11.4 Mlb Mo per year.

EraNova Metals Corp.Oct 6, 2026
ANALYSISMOLYBDENUMPEA

Adanac Molybdenum Project (Ruby Creek) PEA: C$714M NPV, 23.5% IRR

EraNova Metals Corp.'s Adanac Molybdenum Project (Ruby Creek) in Atlin, British Columbia, Canada has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of C$714M, an after-tax IRR of 23.5%, and initial capital of C$953M. The mine plan runs 24 years at about 11.4 Mlb Mo per year.

EraNova Metals Corp.Sep 12, 2026

Quick Facts

Ticker Symbol
NOVA.V
Market Cap
Small Cap
Category
Silver
Commodities
Silver

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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