Adex Mining Inc. (ADE) Financings
TSXV: ADE · Tungsten, Molybdenum, Tin · Exploration stage
- Market cap$60.9M
- Share price$0.090
- 52-week range$0.025 – $0.195
- Shares outstanding677,211,441
- ExchangeTSXV
- Websitewww.adexmining.com
Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company has maintained stewardship over the Mount Pleasant Mine Property while evaluating strategic alternatives. The Mount Pleasant Mine Property is a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc mineralization. The common shares of Adex trade on the TSX Venture Exchange under the stock symbol 'ADE'.
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Adex Mining Inc. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 25, 2016 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$225,116 | C$200,733 | C$83,724 | C$89,608 | C$90,224 |
| Total current assets | C$316,187* | C$264,685* | C$189,877* | C$133,708* | C$152,664* |
| Property, plant and equipment | C$0 | C$5,750 | — | — | C$0 |
| Total assets | C$1,975,642 | C$1,934,029 | C$1,846,300 | C$1,777,678 | C$1,818,995 |
| Debt | C$7,082,752 | C$6,520,517 | C$5,210,365 | C$4,610,469 | C$3,795,389 |
| Total liabilities | C$31,468,832 | C$32,886,032 | C$6,998,604 | C$6,162,296 | C$4,924,105 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$567,168 | C$288,569 | C$203,848 | — | C$318,057 |
| Impairments and write-downs | (C$3,339,645) | C$23,974,885 | C$0 | — | — |
| Net income (loss) | (C$1,458,813) | (C$25,799,699) | (C$767,686) | (C$1,279,508) | (C$947,053) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$804,926) | (C$630,883) | (C$660,077) | (C$505,477) | (C$642,648) |
| Investing cash flow | (C$35,293) | (C$53,823) | (C$52,886) | (C$18,071) | (C$302) |
| Financing cash flow | C$864,602 | C$801,715 | C$707,079 | C$522,933 | C$694,422 |
| Change in cash | C$24,383 | C$117,009 | (C$5,884) | (C$616) | C$51,472 |
| Cash at end of period | C$225,116 | C$200,733 | C$83,724 | C$89,608 | C$90,224 |
Adex Mining Inc. financings
1 financing announced or closed by Adex Mining Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-11-28 | Adex Mining Inc. (ADE) | Debt | Announced | US$1.0M | — | Adex Mining Announces Further Amendments to Existing Loan Arrangements with Great Harvest |
Adex Mining Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Adex Mining Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-07-25 | Loan, signed | Great Harvest Canadian Investment | US$1M | 8%, matures 2027-01-01 |
| 2024-11-28 | Loan, amended | Great Harvest Canadian Investment | US$1M | 8%, matures 2027-01-01 |
| 2023-08-28 | Loan, amended | Great Harvest Canadian Investment | US$1M | 8%, matures 2025-01-01 |
| 2015-03-05 | Loan, repaid / settled | — | US$1M | 8% |