Sirios Resources Business Summary

Sirios Resources Inc. (SIREF) is a mineral exploration and evaluation firm that generates capital through equity financing, strategic joint ventures, and asset-option agreements rather than traditional commercial revenue. The company’s business model focuses on the discovery and de-risking of high-potential gold and silver deposits in the Eeyou Istchee James Bay region of Quebec. Its primary business segments are concentrated on the development of its flagship Cheechoo Gold Project—which hosts an estimated 3 million ounces of gold—and a diversified portfolio of exploration assets including the Aquilon and the recently acquired Corvet Est and PLEX projects. Sirios competes directly with Quebec-focused junior explorers and developers such as Azimut Exploration, Osisko Development, and Red Pine Exploration. Within this competitive landscape, Sirios occupies a niche as an Osisko-backed "developer-in-waiting," leveraging institutional support to transition from grassroots discovery toward a Preliminary Economic Assessment (PEA) and eventual production. Founded in 1994 by Dominique Doucet, a veteran geological engineer with over four decades of experience in Quebec’s mining sector, the company is currently undergoing a significant leadership transition following its February 2026 merger with OVI Mining Corp. As of February 19, 2026, Doucet remains the President and CEO but is transitioning to the role of Executive Chairman and Head of Exploration. He is slated to be succeeded as CEO by Jean-Félix Lepage, a mining engineer and former VP of Project Development at O3 Mining. The executive team is supported by Chief Financial Officer Frederic Sahyouni, who has managed the company’s financial strategy for over a decade. The company’s board and investor base are notably anchored by Osisko Development, with high-profile mining financier Sean Roosen and Laurence Farmer joining the board to provide the technical and capital markets pedigree necessary for large-scale mine development.