Abacus Mining & Exploration Corporation (AME) Financings
TSXV: AME · Copper, Gold · Development stage
- Market cap$3.7M
- Share price$0.020
- 52-week range$0.015 – $0.050
- Shares outstanding187,456,263
- ExchangeTSXV
- Websitewww.amemining.com
Abacus is a mineral exploration and mine development company currently focused on copper and gold in B.C. and Nevada. The Company's main asset is a 20% ownership interest, together with KGHM Polska Mied¿ S.A. (80%), in the proposed copper-gold Ajax Mine located southwest of Kamloops, B.C., which has undergone a joint provincial and federal environmental assessment process. On December 14, 2017, a decision was made by the B.C. Minister of Environment and Climate Change Strategy and the Minister of Energy, Mines and Petroleum Resources to decline to issue an environmental assessment certificate for the Project. KGHM continues to work to facilitate First Nation, community and governmental engagement in order to advance the project towards a potential resubmission of the environmental application. Abacus also owns a 100% interest in the Willow copper-gold property located near Yerington, Nevada, and it controls the contiguous Nev-Lorraine claims subject to a ten-year lease agreement.
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Abacus Mining & Exploration Corporation financial statements
Key figures read from 70 of 71 financial statement filings, Nov 24, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$117,925 | C$48,266 | C$64,876 | C$76,717 | C$57,975 |
| Total current assets | C$8,165,152 | C$8,404,158 | C$99,542* | C$5,503,394 | C$5,665,015 |
| Total current liabilities | C$35,542,862 | C$31,756,128 | C$27,764,566 | C$24,468,761 | C$22,237,236 |
| Working capital | (C$27,377,710) | (C$23,351,970) | (C$27,665,024) | (C$18,965,367) | (C$16,572,221) |
| Exploration and evaluation assets | C$1,415,757 | C$1,281,512 | — | C$642,336 | C$496,137 |
| Total assets | C$8,301,859 | C$8,481,796 | C$7,893,178 | C$5,619,958 | C$5,767,534 |
| Debt | C$35,185,599 | C$31,434,215 | C$27,549,168 | C$24,247,250 | C$21,992,576 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$42,658 | C$46,498 | C$47,424 | C$110,287 | C$1,362,305 |
| General and administrative | C$24,636 | C$21,681 | C$13,897 | C$14,076 | C$18,050 |
| Share-based compensation | C$51,846 | C$65,308 | C$38,965 | C$193,461 | C$320,726 |
| Net income (loss) | (C$4,599,829) | (C$4,031,033) | (C$1,667,755) | (C$3,289,809) | (C$5,457,747) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$398,743) | (C$324,761) | (C$424,602) | (C$552,305) | (C$2,029,388) |
| Investing cash flow | (C$45,156) | (C$169,306) | (C$151,197) | (C$135,367) | (C$117,952) |
| Financing cash flow | C$513,558 | C$477,457 | C$563,958 | C$706,414 | C$1,576,850 |
| Exploration spending (capitalized) | (C$45,156) | (C$169,306) | (C$151,197) | (C$135,367) | (C$117,952) |
| Proceeds from share issues | C$461,311 | C$324,109 | C$526,205 | C$706,414 | C$1,546,340 |
| Change in cash | C$69,659 | (C$16,610) | (C$11,841) | C$18,742 | (C$570,490) |
| Cash at end of period | C$117,925 | C$48,266 | C$64,876 | C$76,717 | C$57,975 |
Abacus Mining & Exploration Corporation financings
1 financing announced or closed by Abacus Mining & Exploration Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-08 | Abacus Mining & Exploration Corporation (AME) | Private placement, non-brokered | Closed, 1 tranche | $371K | $0.025 | Abacus Announces Private Placement |
Abacus Mining & Exploration Corporation debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Abacus Mining & Exploration Corporation 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 |
|---|---|---|---|---|
| 2019-04-02 | Credit facility, closed / funded | Canadian Imperial Bank of Commerce (CIBC) | C$30M | — |
| 2019-02-11 | Convertible debenture, closed / funded | — | C$2.4M | 12% |