Ursa Major International is engaged in the business of acquiring and exploring mineral properties. The Company has active exploration projects for copper, nickel and platinum group metals in the Sudbury area of Ontario. In addition to exploration projects, URSA Major also has a significant interest in Patricia Mining Corp. (TSX-V: PAT), an Ontario-based gold exploration company that has a 45% interest in the Island Gold project located near Wawa, Ontario. The Island Gold project is currently producing gold. URSA Major also has 5,000,000 shares of Nyah Resources Ltd. resulting from the sale of the Agnew Lake Uranium property.
URSA Major has a strategic alliance with Korea Resources Corporation (KORES) to identify and acquire significant advanced base metal exploration projects for exploration and development. KORES is state owned South Korean public corporation which is dedicated to advancing Korean domestic mineral resource development efforts and at the same time securing required mineral resources from abroad.
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