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Abitibi Metals Corp. (AMQ) Financings

CSE: AMQ · Gold · Advanced Exploration stage

Abitibi Metals Corp. is dedicated to acquiring and exploring mineral properties within Quebec, with a particular emphasis on high-quality base and precious metal assets that offer significant potential for growth and expansion. The Company’s flagship B26 Polymetallic project, in a joint venture with SOQUEM (80% Abitibi, 20% SOQUEM), hosts a substantial and growing resource base: Indicated: 12.96Mt at 2.08% CuEq (1.19% Cu, 1.16% Zn, 0.44 g/t Au and 30.8 g/t Ag) Inferred: 12.34Mt at 2.20% CuEq (1.60% Cu, 0.16% Zn, 0.68 g/t Au and 8.1 g/t Ag) . The B26 project is strategically located just 7 km southeast of the formerly producing Selbaie Mine. This proximity provides the project with access to key infrastructure required for potential mine development. In addition to the B26 Deposit, Abitibi's portfolio includes the Beschefer Gold project, historical drilling has identified four notable, historical intercepts with a metal factor of over 100 g/t gold highlighted by 55.63 g/t gold over 5.57 m (BE13-038) and 13.07 g/t gold over 8.75 ms (BE12-014) amongst four modelled zones. These promising findings highlight the potential for further gold discoveries within the project area.

Abitibi Metals Corp. financial statements

Key figures read from 12 of 12 financial statement filings, Jun 3, 2024 to Jun 1, 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.

Jun 2025Jun 2024Jun 2023Jun 2022
Cash and equivalentsC$16,265,876C$15,665,569C$1,012,964C$323,305
Short-term investmentsC$142,500C$35,000——
Total current assetsC$17,122,538C$16,780,219C$1,024,265C$435,784
Total current liabilitiesC$4,699,020C$3,503,972C$186,464C$91,888
Working capitalC$12,423,518C$13,276,247C$837,801C$343,896
Exploration and evaluation assetsC$22,224,215C$10,399,987C$4,272,473C$4,144,068
Total assetsC$39,346,753C$27,180,206C$5,296,738C$4,579,852
Total liabilitiesC$7,073,225C$4,613,312C$718,464C$335,888
Shareholders' equityC$32,273,528C$22,566,894C$4,578,274C$4,243,964

Income statement: annual key figures

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

FY Jun 2025FY Jun 2024FY Jun 2023FY Jun 2022
General and administrativeC$731,751C$481,077C$44,200C$42,530
Share-based compensationC$775,460C$436,920C$0C$161,241
Net income (loss)(C$2,886,295)(C$2,731,762)(C$158,395)(C$409,974)

Cash flow statement: annual key figures

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

FY Jun 2025FY Jun 2024FY Jun 2023FY Jun 2022
Operating cash flow(C$1,279,837)(C$2,791,345)(C$20,152)(C$274,552)
Investing cash flow(C$8,015,339)(C$4,094,850)(C$121,689)(C$1,865,374)
Financing cash flowC$9,895,483C$21,538,800C$831,500C$558,450
Exploration spending (capitalized)(C$8,015,339)(C$4,094,850)(C$121,689)(C$1,865,374)
Proceeds from share issuesC$9,722,983C$20,744,425C$831,500C$558,450
Change in cashC$600,307C$14,652,605C$689,659(C$1,581,476)
Cash at end of periodC$16,265,876C$15,665,569C$1,012,964C$323,305

Abitibi Metals Corp. financings

1 financing announced or closed by Abitibi Metals Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-04-23Abitibi Metals Corp. (AMQ)Flow-through, non-brokeredClosed, 1 tranche$30.8M$0.850Abitibi Metals Announces Non-Brokered Financing Led by Discovery Silver, With a 9.9% Strategic Stake

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