Arizona Metals Corp (AMC) Financings
TSX: AMC · Gold · Advanced Exploration stage
- Market cap$23.2M
- Share price$0.170
- 52-week range$0.120 – $0.830
- Shares outstanding136,660,333
- ExchangeTSX
- Websitewww.arizonametalscorp.com
Arizona Metals Corp. owns 100% of the Kay Mine Project in Yavapai County, Arizona, which is located on 1,669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. The Kay Mine Project contains a current mineral resource estimate ('MRE') with an effective date of June 17, 2025, of 9.28 million tonnes grading 1.39 g/t Au, 27.6 g/t Ag, 0.97% Cu, 0.33% Pb and 2.39% Zn in the Indicated category, and 0.86 million tonnes grading 16 g/t Au, 15.4 g/t Ag, 0.87% Cu, 0.20% Pb and 1.68% Zn in the Inferred category, in each case at a base-case cut-off grade of 10% CuEq. Copper equivalent MRE grades are 9.28 million tonnes at 3.18% CuEq in the Indicated category and 0.86 million tonnes at 2.44% CuEq in the Inferred category. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Kay Mine Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m and remains open for expansion on strike and at depth. The Company also owns 100% of the Sugarloaf Peak Project, in La Paz County, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of '100 million short tons containing 1.5 million ounces gold' at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.). The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource.
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Arizona Metals Corp financial statements
Key figures read from 36 of 36 financial statement filings, Apr 13, 2018 to Aug 13, 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$556,280 | C$355,813 | C$550,399 | C$6,958,183 | C$55,774,455 |
| Total current assets | C$17,026,868 | C$34,596,905 | C$30,521,184 | C$52,936,896 | C$57,042,924 |
| Property, plant and equipment | C$113,369 | C$161,962 | C$198,360 | C$50,596 | — |
| Total assets | C$17,995,210 | C$35,598,843 | C$31,559,520 | C$53,282,520 | C$57,277,503 |
| Total liabilities | C$1,550,021 | C$1,762,036 | C$1,534,729 | C$607,757 | C$1,069,779 |
| Shareholders' equity | C$16,445,189 | C$33,836,807 | C$30,024,791 | C$52,674,763 | C$56,207,724 |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$15,464,790 | C$19,805,029 | C$20,549,168 | C$18,111,186 | C$17,079,584 |
| General and administrative | C$424,025 | C$583,510 | C$611,372 | C$555,519 | C$380,583 |
| Share-based compensation | C$1,183,275 | C$1,964,523 | C$1,554,909 | C$2,933,827 | C$323,708 |
| Net income (loss) | (C$19,096,893) | (C$24,734,572) | (C$24,348,031) | (C$24,514,748) | (C$19,617,091) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$17,745,287) | (C$22,482,483) | (C$22,418,714) | (C$21,505,672) | (C$18,931,133) |
| Investing cash flow | C$17,423,754 | (C$4,294,168) | C$15,867,780 | (C$45,358,560) | (C$84,695) |
| Financing cash flow | C$522,000 | C$26,582,065 | C$143,150 | C$18,047,960 | C$70,904,353 |
| Property, plant and equipment spending | — | (C$27,189) | (C$210,338) | (C$70,911) | — |
| Proceeds from share issues | — | (C$1,769,875) | — | — | C$63,470,326 |
| Change in cash | C$200,467 | (C$194,586) | (C$6,407,784) | (C$48,816,272) | C$51,888,525 |
| Cash at end of period | C$556,280 | C$355,813 | C$550,399 | C$6,958,183 | C$55,774,455 |
Arizona Metals Corp financings
1 financing announced or closed by Arizona Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-12-02 | Arizona Metals Corp (AMC) | Private placement, bought deal | Closed, 1 tranche | $27.1M | $1.70 | Arizona Metals Corp. Announces Bought Deal Financing /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO |