Alpha Exploration Ltd (ALEX) Financings
TSXV: ALEX · Gold · Exploration stage
- Market cap$32.3M
- Share price$0.300
- 52-week range$0.300 – $0.730
- Shares outstanding107,760,731
- ExchangeTSXV
- Websitealpha-exploration.com
Alpha (TSXV: ALEX) is an exploration company that is rapidly advancing a number of important gold and base metal discoveries it has made across the 100% owned, 514 km2 Kerkasha Project in Eritrea. The Aburna Gold Prospect is an exciting new gold discovery where recent drilling has confirmed a high-grade mineralized system, with grades including 18 m @ 15.33 g/t Au, 16 m @ 147 g/t Au, 9 m @ 10 g/t Au and 23 m @ 6.74 g/t Au. The Anagulu Gold-Copper prospect with recent drilling intersections of 108 m @ 1.24 g/t Au and 0.60% Cu including 49 m @ 2.42 g/t Au and 1.10% Cu, and 109 m @ 0.79 g/t Au and 0.35 % Cu within a porphyry unit drilled over 2 km along trend, and with an overall and expanding exploration target footprint of some 4 by 2 km. The Company is managed by a group of highly experienced and successful mining and exploration professionals with long track records of establishing, building and returning value to stakeholders from a number of gold and base metal discoveries in Eritrea, across the wider Arabian Nubian Shield, and in other regions of Africa.
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Alpha Exploration Ltd financial statements
Key figures read from 19 of 19 financial statement filings, May 3, 2022 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), 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 | US$1,032,616 | US$1,132,613 | US$3,233,573 | US$100,464 | US$894,808 |
| Total current assets | US$1,073,956* | US$1,159,188* | US$3,253,225* | US$145,855* | US$946,689* |
| Total current liabilities | US$411,570 | US$720,935 | US$604,507 | US$355,010 | — |
| Working capital | US$662,386 | US$438,253 | US$2,648,718 | (US$209,155) | — |
| Exploration and evaluation assets | US$17,123,018 | US$15,394,882 | US$12,470,777 | US$9,675,511 | US$7,381,258 |
| Property, plant and equipment | US$86,909 | US$143,914 | US$190,844 | US$170,036 | US$234,836 |
| Total assets | US$18,283,883 | US$16,697,984 | US$15,914,846 | US$9,991,402 | US$8,562,783 |
| Total liabilities | — | — | US$1,145,467 | US$780,018 | — |
| Shareholders' equity | US$17,872,313 | US$15,977,049 | US$14,769,379 | US$9,211,384 | — |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), 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 | US$219,410 | US$297,884 | US$240,521 | US$203,974 | US$269,981 |
| Share-based compensation | — | US$0 | US$153,203 | US$110,557 | US$256,535 |
| Net income (loss) | (US$76,676) | (US$391,139) | (US$758,904) | (US$388,205) | (US$775,737) |
Cash flow statement: annual key figures
US dollars (US$), 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 | (US$628,374) | (US$1,058,342) | (US$461,025) | (US$1,062,223) | (US$948,009) |
| Investing cash flow | (US$1,608,422) | (US$2,937,931) | (US$2,647,519) | (US$2,066,419) | (US$2,693,465) |
| Financing cash flow | US$2,136,799 | US$1,895,313 | US$6,241,653 | US$2,334,298 | US$2,644,601 |
| Exploration spending (capitalized) | (US$1,601,296) | (US$2,915,176) | (US$2,555,207) | (US$2,057,696) | (US$2,527,868) |
| Property, plant and equipment spending | (US$7,126) | (US$22,755) | (US$94,887) | (US$8,723) | (US$165,597) |
| Change in cash | (US$99,997) | (US$2,100,960) | US$3,133,109 | (US$794,344) | (US$996,873) |
| Cash at end of period | US$1,032,616 | US$1,132,613 | US$3,233,573 | US$100,464 | US$894,808 |
Alpha Exploration Ltd financings
1 financing announced or closed by Alpha Exploration Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-20 | Alpha Exploration Ltd (ALEX) | Private placement, non-brokered | Tranche closed, 2 tranches | $8.0M | $0.600 | Alpha Exploration Announces Private Placement Financing |