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American Eagle Gold Corp (AE) Financings

TSXV: AE · Copper, Gold · Exploration stage

American Eagle is advancing the NAK copper-gold porphyry project in British Columbia's Babine Porphyry District, located 4.5 km north of the Hearne Hill South Property. The Company is backed by approximately $50 million in cash and four cornerstone strategic shareholders. American Eagle is currently conducting an approximately 55,000-metre drill program, expected to run through April 2027, with three rigs operating continuously across the seasons. Approximately 80 drill holes are planned, and the goal for the season is to significantly expand tonnage while both extending known high-grade zones and discovering new ones. The Company is funded for multiple years from cash on hand, with the current program designed to support future technical studies and demonstrate the viability of NAK as a mine within the current metal cycle.

American Eagle Gold Corp financial statements

Key figures read from 21 of 21 financial statement filings, May 31, 2021 to Aug 27, 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 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$22,855,361C$35,929,619C$4,393,661C$706,651C$2,901,307
Total current assetsC$26,957,954C$36,385,703C$4,558,801C$1,009,624C$3,413,892
Total current liabilitiesC$1,062,861——C$1,193,226—
Working capitalC$25,895,093——(C$183,602)—
Property, plant and equipmentC$5,463C$18,573—C$0C$69,687
Total assetsC$27,695,633C$36,654,794C$4,714,319C$1,166,142C$3,665,757
Debt———C$0C$59,390
Total liabilitiesC$1,335,794C$1,456,090C$1,191,077C$1,193,226C$570,873
Shareholders' equityC$26,359,839C$35,198,704C$3,523,242—C$3,094,884

Income statement: annual key figures

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

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expenseC$11,430,378C$7,965,795C$4,998,857C$2,494,789C$1,559,838
General and administrativeC$825,582C$968,022C$600,683C$397,655C$311,349
Share-based compensationC$1,776,991C$1,510,147C$434,743C$66,678C$789,814
Net income (loss)—(C$7,854,685)(C$5,052,932)(C$3,300,396)(C$3,752,109)

Cash flow statement: annual key figures

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

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$14,529,213)(C$8,551,661)(C$5,101,491)(C$2,278,302)(C$2,053,327)
Investing cash flow(C$92,500)(C$31,221)(C$14,000)(C$19,340)(C$108,045)
Financing cash flowC$1,547,455C$40,118,840C$8,802,501C$102,986—
Property, plant and equipment spendingC$0(C$26,221)—C$0(C$73,355)
Change in cash(C$13,074,258)C$31,535,958C$3,687,010(C$2,194,656)C$2,765,070
Cash at end of periodC$22,855,361C$35,929,619C$4,393,661C$706,651C$2,901,307

American Eagle Gold Corp financings

8 financings announced or closed by American Eagle Gold Corp, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-09-08American Eagle Gold Corp (AE)Private placementClosed, 1 tranche$719K$1.09American Eagle Closes Top-Up Investment from South32
2026-04-09American Eagle Gold Corp (AE)Flow-through, non-brokeredClosed, 1 tranche$10.9M$1.13American Eagle Announces Closing of $10.9 Million Investment backed by Teck and South32
2026-02-27American Eagle Gold Corp (AE)Flow-through, non-brokeredClosed, 1 tranche$34.5M$1.20American Eagle Announces $23 Million Strategic Investment Backed by Eric Sprott
2025-06-05American Eagle Gold Corp (AE)Flow-throughClosed, 1 tranche$820K$0.710American Eagle Announces Additional Investment from South32
2024-11-11American Eagle Gold Corp (AE)Private placement, non-brokeredClosed, 1 tranche$29.2M$0.875American Eagle Announces $29 Million Strategic Investment by South32
2024-04-26American Eagle Gold Corp (AE)Flow-through, LIFE offering, non-brokeredClosed, 1 tranche$8.2M$1.04American Eagle Announces Private Placement for Up To $5.0 Million
2023-11-21American Eagle Gold Corp (AE)Private placementAnnounced$685K$0.215American Eagle Gold Closes Investment from Strategic Investors
2023-08-17American Eagle Gold Corp (AE)Flow-throughClosed, 1 tranche$2.7M$0.450American Eagle Gold Announces Additional C$2.67 Million Financing

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