
Peloton Minerals (CSE: PMC) (OTCQB: PMCCF) is a Canadian mineral exploration company focused on lithium, critical minerals, and gold projects in the western United States. Headquartered in London, Ontario, the Company holds a portfolio of exploration assets in Nevada and Montana, with its flagship North Elko Lithium Project situated in a district that has seen significant recent lithium discoveries.
Corporate Overview
Peloton Minerals Corporation is a mineral exploration company guided by a board, management, and technical team with extensive experience in the mineral exploration and mining industry. The Company’s name—“Peloton”—refers to the main group of riders in a bicycle road race; by riding as a group, the peloton saves energy and creates a fluid situation where the center appears to be breaking through its own leading edge.
The Company’s exploration strategy centers on acquiring and advancing projects in geologically favorable areas for lithium, uranium, rare earth elements, and gold. Peloton is actively reviewing additional mineral projects to add to its portfolio.
Projects
North Elko Lithium Project (NELP)
Location: Elko County, Nevada
Peloton’s flagship asset is the North Elko Lithium Project, a 100%-owned property covering approximately 20 square miles (53 square kilometers) in northeastern Nevada. The project is underlain by a large paleolake clay basin mineralized with lithium, rubidium, cesium, uranium, and rare earth minerals. A significant lithium discovery was made in 2023 on claims immediately adjacent to NELP by Surge Battery Metals Inc., highlighting the district’s potential. Regional hosts of lithium clays (smectite, illite) are abundant in outcrop on the property, and critical minerals have been identified through X-ray diffraction analysis. The project also has a history of past uranium production. Peloton conducted extensive surface exploration on NELP in 2024, with drilling programs planned for 2025 and 2026.theglobeandmail+2
Golden Trail & Independence Valley Gold Projects
Location: Elko County, Nevada
Peloton holds the Golden Trail and Independence Valley gold exploration projects in northeastern Nevada. These are Carlin-style gold projects prospective for gold and silver deposits.
Texas Canyon Uranium
Location: Elko County, Nevada
The Company also holds the Texas Canyon uranium project in Elko County, Nevada.
Boulder Copper Porphyry
Location: Jefferson County, Montana
Peloton holds a non-controlling interest in a copper porphyry project near Butte, Montana. The project is prospective for copper, molybdenum, and base and precious metals.
Management Team
Edward L. (Ted) Ellwood, MBA – President & CEO, Director
Mr. Ellwood has served as President and Chief Executive Officer of Peloton Minerals Corporation since April 2010. He brings extensive experience in the mineral exploration and mining sector and is the Company’s primary contact for investor relations and corporate communications.markets.
Eric J. Plexman – Corporate Secretary, CFO & Director
Mr. Plexman has served as Corporate Secretary and Chief Financial Officer since 2010 and is a member of the Board of Directors. He oversees the Company’s financial reporting, regulatory filings, and corporate governance matters.
Paul V. Teodorovici – Executive VP, VP of Business Development & Director
Mr. Teodorovici has been with the Company since 2011 and serves as Executive Vice President and Vice President of Business Development. He is responsible for strategic business development initiatives and project acquisition activities.
Richard C. Capps, PhD – Senior Geologist & Independent Director
Dr. Capps joined the Board in 2018 and serves as the Company’s Senior Geologist. He is the qualified person under National Instrument 43-101 who has approved the technical information contained on the Company’s website and in its news releases.finance.
Board of Directors
John Frederick O’Donnell – Independent Chairman of the Board
Mr. O’Donnell has served as Independent Chairman of the Board since 2014. He provides independent oversight and governance leadership to the Board.
Edward L. (Ted) Ellwood, MBA – President & CEO, Director
Mr. Ellwood has served as President and Chief Executive Officer of Peloton Minerals Corporation since April 2010. He brings extensive experience in the mineral exploration and mining sector and is the Company’s primary contact for investor relations and corporate communications.markets.
Eric J. Plexman – Corporate Secretary, CFO & Director
Mr. Plexman has served as Corporate Secretary and Chief Financial Officer since 2010 and is a member of the Board of Directors. He oversees the Company’s financial reporting, regulatory filings, and corporate governance matters.
Paul V. Teodorovici – Executive VP, VP of Business Development & Director
Mr. Teodorovici has been with the Company since 2011 and serves as Executive Vice President and Vice President of Business Development. He is responsible for strategic business development initiatives and project acquisition activities.
Richard C. Capps, PhD – Senior Geologist & Independent Director
Dr. Capps joined the Board in 2018 and serves as the Company’s Senior Geologist. He is the qualified person under National Instrument 43-101 who has approved the technical information contained on the Company’s website and in its news releases.finance.
Kent D. Britton – Independent Director
Mr. Britton was most recently a part of the ownership group that grew and sold a Western Canadian based waste management company. Mr. Britton was involved in all facets for the company from finance, operations, and HR. Growing the Company to over 200 employees with contracts throughout Alberta. Prior to his involvement in waste management Mr. Britton was the COO, Asia, of one of North America’s leading real estate investment companies where he was responsible for operations across 4 countries, spanning 6 offices with a staff of over 1100 people. Mr. Britton has over 20 years of experience serving as a director or advisor to publicly traded companies.
Clifford A. Wiebe – Independent Director
IT consultant specializing in cloud based technology systems and business process. Architect of Peloton’s global data management system. Over 23 years experience in IT and 10 years as a director of publicly traded mineral companies.
Contact Information
Administrative Office:
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B5
Phone: +1 (519) 964-2836
pelotonminerals45@gmail.com
Website: https://pelotonminerals.com