Why Bolivia?
A Proven Mining Jurisdiction
Bolivia's eastern lowlands host a prolific extension of the Brazilian Precambrian Shield — the same geological terrane responsible for multi-million-ounce gold camps across the continent.
World-Class Geology
The Brazilian Precambrian Shield in Santa Cruz hosts orogenic gold systems analogous to producing mines across Brazil, Guyana, and Suriname. Mycelium's 31,125-ha portfolio spans this terrane and the Andean polymetallic belt.
Clear Legal Framework
Bolivia's AJAM-administered mineral concession system grants 30-year contracts with rights to explore, develop, and produce. Los Clavillos holds contract No. AJAM/DDSC/CAM/0010/2019 — fully executed and in good standing.
15 Years on the Ground
Mycelium's team has operated continuously in Bolivia since 2011 — building relationships with regulators, communities, and service providers that take years to develop. Our local presence is a durable competitive advantage.
All-Season Road Access
All three project sites are accessible by paved highway from Santa Cruz city. Los Clavillos: 180 km paved + 5.5 km gravel. Cerrito XXI & XXII: 282 km fully paved, 5 hours drive.
Lower Exploration Costs
Exploration costs in eastern Bolivia are substantially lower than comparable programs in Canada or Australia — allowing Mycelium to drill more metres per dollar and accelerate the path to a resource estimate.
Compliance Track Record
10 consecutive Annual Environmental Monitoring Reports (IMA) filed without interruption at Los Clavillos — demonstrating the regulatory track record that de-risks permitting for Cerrito XXI and XXII.
Our Operational Model
The Path to Production
Exploration
Active diamond drilling, geological surveys, and target identification across 25,950 ha in eastern Bolivia.
ActiveResource Estimate
Compliant mineral resource estimate to be defined following the 5,000m Concepción drill program.
Permitting
Environmental approvals (LPE) and community agreements for Cerrito XXI and XXII currently pending.
Development
Mine construction, metallurgical testing, and workforce scaling.
Production
Revenue-generating operations supported by a formal resource estimate and mine plan.
Investment Opportunity
Strategic Partner Opportunity
The Company is seeking strategic partners to support the technical and financial development of its project portfolio. Participation provides direct exposure to an advanced exploration stage company with infrastructure in place and an active technical team operating in the region.
Portfolio Area
31,125 ha
Consolidated mining concessions across two geological belts in Bolivia
Drill Program
5,000m
Diamond drilling campaign at the Concepción Project, Q2 2026
Exploration Stage
Phase I
Surface programs and drilling to define NI 43-101 compliant resource
New Concessions
5,175 ha
Mycel Project — silver-gold polymetallic belt in southwestern Bolivia
Participation Provides
- Direct exposure to 31,125 ha of consolidated mining concessions
- District-scale land position within the Precambrian Shield of eastern Bolivia
- Upside participation in newly secured silver-zinc prospective concessions
- Value creation potential through NI 43-101 resource delineation
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Financial Documents
Annual Reports
Audited annual financial statements and MD&A.
- 2024 Annual ReportPDF ↓
- 2023 Annual ReportPDF ↓
- 2022 Annual ReportPDF ↓
Corporate Presentations
Latest corporate deck for investor meetings.
- Corporate Presentation — Q1 2025PDF ↓
- Corporate Presentation — Q4 2024PDF ↓
MD&A & Financials
Quarterly and annual financial statements.
- Q3 2024 Financial StatementsPDF ↓
- Q2 2024 Financial StatementsPDF ↓
- Q1 2024 Financial StatementsPDF ↓
Technical Reports (NI 43-101)
Independent geological reports for each project.
- NI 43-101 — Cerro Blanco (2023)PDF ↓
- NI 43-101 — San Cristóbal Norte (2024)PDF ↓
- NI 43-101 — Río Mulatos (2022)PDF ↓
- NI 43-101 — Colquiri Sur (2023)PDF ↓
Financial & Production Highlights
| Metric | Current | Prior |
|---|---|---|
| Total Concession Area (ha) | 31,125 | 25,950 |
| Active Projects | 4 | 3 |
| Committed Exploration Budget (USD) | $738,358 | — |
| Phase I Drill Program (Concepción) | 5,000m — Q2 2026 | — |
Analyst Coverage
For analyst coverage inquiries, please contact our IR team.
contact@mycelium-mc.comInvestor Relations Contact
Investor Relations
Aventura, FL 33160, USA