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Abasca Resources Inc. (ABA) Financings

TSXV: ABA · Unspecified · Advanced Exploration stage

Abasca is a mineral exploration company that is primarily engaged in the acquisition and evaluation of mineral exploration properties. The Company owns the Key Lake South Project (KLS), a 23,974-hectare exploration project located in the Athabasca Basin Region in northern Saskatchewan, approximately 15 km south of the former Key Lake Mine and current Key Lake mill. The Project possesses geological similarities with and is along-strike of the past-producing Key Lake Mine and hosts over 50 km of prospective conductors for potential uranium mineralization. KLS is also host to the Loki Flake Graphite Deposit comprising a total Indicated Resources of 6.99 Mt at 8.27% Cg and inferred resource of 15.83 Mt at 6.93% Cg. Abasca has completed a Preliminary Economic Assessment for the Loki Deposit with positive result of after-tax NPV of US$130 million and 16.7% IRR. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

Abasca Resources Inc. financial statements

Key figures read from 27 of 27 financial statement filings, Sep 19, 2019 to Jun 23, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

Apr 2026Apr 2025Apr 2024Apr 2023May 2022
Cash and equivalentsC$1,498,646C$1,130,468C$705,619C$1,530,460C$0
Total current assets—C$1,486,355*C$869,083*C$1,687,981*—
Property, plant and equipmentC$0C$22,867C$48,911C$71,614C$0
Total assetsC$2,105,856C$1,509,222C$917,994C$1,759,595C$0
Shareholders' equityC$857,948C$898,273C$419,158C$1,472,314C$0

* Calculated from the statement's own lines: the company did not print this total with a label.

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Apr 2026FY Apr 2025FY Apr 2024FY Apr 2023FY Apr 2022
Exploration and evaluation expenseC$8,629,690C$6,783,447C$2,770,067C$4,285,284—
General and administrativeC$122,295C$105,087C$108,497C$37,497C$217
Share-based compensationC$271,250C$414,800C$0C$983,500—
Net income (loss)(C$5,547,677)(C$6,462,896)(C$2,406,875)(C$5,515,211)(C$53,709)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Apr 2026FY Apr 2025FY Apr 2024FY Apr 2023FY Apr 2022
Operating cash flow(C$8,602,299)(C$6,539,612)(C$3,048,560)(C$2,124,970)(C$54,792)
Investing cash flow——C$0(C$78,125)—
Financing cash flowC$8,970,477C$6,964,461C$2,223,719C$3,632,900C$31,964
Property, plant and equipment spending——C$0(C$78,125)—
Change in cashC$368,178C$424,849(C$824,841)C$1,429,805C$5,055
Cash at end of periodC$1,498,646C$1,130,468C$705,619C$1,530,460C$100,655

Abasca Resources Inc. financings

9 financings announced or closed by Abasca Resources Inc., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-09-23Abasca Resources Inc. (ABA)Private placement, non-brokeredClosed, 1 trancheUS$2.3M$0.250Abasca Announces Filing of Technical Report Regarding Positive Preliminary Economic Assessment for the Loki Flake Graphite Deposit and Private Placement of $2.25 Million
2026-07-20Abasca Resources Inc. (ABA)Flow-through, non-brokeredClosed, 1 tranche$3.0M$0.250Abasca Resources Announces Arrangement of Non-Brokered Private Placement of up to $3.0 Million
2026-04-14Abasca Resources Inc. (ABA)Private placement, non-brokeredClosed, 2 tranches$2.5M$0.250Abasca Resources Announces Completion of Winter Exploration Program and Arrangement of Non- Brokered Private Placement of up to $2.5 Million
2026-02-13Abasca Resources Inc. (ABA)Flow-through, non-brokeredClosed, 1 tranche$3.0M$0.250On Friday 02 13, 2026 at 7:00AM ET Abasca Resources Announces Engagement of High Grade Mining Consulting Ltd. and Non-Brokered Private Placement of up to $3.0 Million
2025-09-08Abasca Resources Inc. (ABA)Flow-through, non-brokeredClosed, 1 tranche$2.5M$0.160Abasca Resources Announces Exploration Update at its Loki Deposit and Non -Brokered Private Placement of up to $2.5 Million
2025-05-01Abasca Resources Inc. (ABA)Flow-through, non-brokeredTranche closed, 1 tranche$250K$0.140Abasca Resources Announces Engagement of Environmental Baseline Study and Closing of the First Tranche of Its Private Placement
2025-04-22Abasca Resources Inc. (ABA)Flow-through, non-brokeredClosed, 1 tranche$1.3M$0.160Abasca Resources Announces Completion of 2025 Winter Program and Non-Brokered Private Placement of up to $1.25 Million
2024-12-11Abasca Resources Inc. (ABA)Flow-through, non-brokeredClosed, 1 tranche$3.2M$0.160Abasca Resources Announces 2025 Winter Program Plan and Non -Brokered Flow -Through Private Placement of up to $3.20 Million
2024-06-11Abasca Resources Inc. (ABA)Flow-through, non-brokeredClosed, 1 tranche$3.6M$0.160Abasca Resources Commences its 2024 Summer Exploration at the KLS Project and Announces Non- Brokered Flow-Through Private Placement of up to $3.65 Million

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