Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Irving Resources Inc. is a Canada-based mineral exploration company focused on the acquisition, exploration, and development of precious and base metal properties, with a primary emphasis on gold and silver systems. The company operates within the mineral exploration and mining industry and is publicly traded in Canada and the United States under the symbols IRV and IRVRF, respectively. Its core business is early-stage exploration rather than mineral production, with value creation driven by discovery potential and asset advancement.
The company is uniquely positioned as one of the few foreign exploration companies with a significant operational footprint in Japan, where it focuses on high-grade epithermal gold-silver systems. Irving Resources was founded in 2015 by geologist Quinton Hennigh, leveraging Japan’s modern geological datasets and underexplored volcanic terrains. Since inception, the company has assembled a large portfolio of prospecting licenses and exploration targets, evolving from grassroots exploration toward more advanced drill-stage projects.
Business Operations
Irving Resources’ operations are centered on mineral exploration activities, including geological mapping, geochemical sampling, geophysical surveys, and diamond drilling. Its primary operating segment is mineral exploration, with revenues not derived from mining or production but from capital markets financing and strategic partnerships. The company’s flagship assets are located in Hokkaido, Japan, including the Omu Project, which hosts multiple epithermal gold-silver targets such as Omui, Hokuryu, and Omu Sinter.
The company also maintains exploration-stage interests in British Columbia, Canada, though Japan represents the dominant operational and capital focus. Irving Resources controls its Japanese assets through wholly owned or locally registered subsidiaries, including Irving Resources Japan GK, which manages permitting and field operations. The company has entered into strategic exploration partnerships, most notably with Newmont Corporation, under which Newmont can earn an interest in certain Japanese projects through staged exploration expenditures.
Strategic Position & Investments
Strategically, Irving Resources aims to delineate high-grade epithermal gold-silver discoveries in a historically productive but underexplored jurisdiction. Its growth strategy prioritizes systematic exploration, strategic joint ventures with major mining companies, and retaining meaningful ownership stakes through discovery and advancement. The partnership with Newmont Corporation is a cornerstone of this strategy, providing technical validation, funding support, and potential downstream development pathways.
The company’s investments are concentrated in exploration assets rather than operating mines or diversified portfolios. Irving Resources has not completed major acquisitions of producing companies but has steadily expanded its Japanese land position through license applications and project consolidation. Its exploration focus aligns with emerging interest in low-sulfidation and high-sulfidation epithermal systems, leveraging modern exploration technologies applied to historic mining districts.
Geographic Footprint
Irving Resources operates primarily in Japan, with its most significant presence in Hokkaido, where it holds extensive prospecting and mining licenses across multiple volcanic belts. This regional concentration allows for operational efficiencies, geological continuity, and focused regulatory engagement. Japan represents the company’s most material source of assets, expenditures, and exploration upside.
In addition to Japan, the company maintains a smaller footprint in Canada, specifically in British Columbia, where it holds early-stage exploration properties. Corporate headquarters and executive management are based in Vancouver, British Columbia, positioning the company within a major global mining finance and technical services hub while supporting international exploration activities.
Leadership & Governance
Irving Resources is led by a management team with deep expertise in mineral exploration, geology, and capital markets. The company emphasizes a technically driven exploration philosophy, combining disciplined geological science with strategic partnerships to manage risk and enhance discovery potential. Governance is overseen by an experienced board with backgrounds in mining, finance, and corporate leadership.
Key executives include:
- Quinton Hennigh – Executive Chairman
- Akiko Levinson – President, Chief Executive Officer, and Director
- Jeremy Poirier – Chief Financial Officer
- Tomohiro Yamazaki – General Manager, Japan Operations
- Justin Wilmshurst – Vice President, Exploration
The leadership team’s strategic vision centers on unlocking Japan’s mineral potential through modern exploration methods while maintaining strong regulatory compliance and partnership-driven growth.