Awalé Resources Limited (ARIC) Financings
TSXV: ARIC · Gold, Copper · Advanced Exploration stage
- Market cap$90.7M
- Share price$0.630
- 52-week range$0.520 – $1.18
- Shares outstanding143,986,467
- ExchangeTSXV
- Websiteawaleresources.ca
Awale Resources is a diligent and systematic mineral exploration company focused on discovering large-scale gold and gold-copper deposits in Côte d'Ivoire. The Company's flagship Odienne Project now hosts an initial inferred Mineral Resource Estimate 1 of 1.71 million ounces gold equivalent across the BBM, Charger, and Empire deposits (32.4 Mt at 1.33 g/t Au and 0.33% Cu), providing a strong foundation for ongoing growth and future economic studies. In addition to the current resource base defined on the joint venture ground, Awale controls a 1,542 km 2 100%-owned land position across the broader Odienne district, where multiple targets provide additional potential discovery upside. Across the Project, Awale has identified multiple gold and gold-copper systems and continues to build a pipeline of targets with potential to support further discoveries and resource growth. The Odienne Project covers 2,338 km 2 across seven permits, including 797 km 2 held under the Awale-Newmont Joint Venture. Awale manages exploration activities across the joint venture area. With a skilled and experienced technical team, together with support from three strategic shareholders, Awale is advancing exploration in an underexplored and pro-mining jurisdiction with clear potential for district-scale discoveries.
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Awalé Resources Limited financial statements
Key figures read from 39 of 39 financial statement filings, Nov 25, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), 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$11,935,657 | — | — | — | — |
| Total current assets | US$12,486,880 | US$7,365,342 | US$1,495,559 | US$489,792 | US$99,100 |
| Total current liabilities | US$3,597,713 | US$856,805 | US$1,386,240 | US$2,232,628 | US$1,135,214 |
| Working capital | US$8,889,167 | US$6,508,537 | US$109,319 | (US$1,742,836) | (US$1,036,114) |
| Exploration and evaluation assets | US$8,598,931 | — | — | — | — |
| Property, plant and equipment | US$449,422 | — | — | — | — |
| Total assets | US$21,535,233 | US$13,016,381 | US$6,915,485 | US$5,820,005 | US$12,381,200 |
| Total liabilities | — | — | US$0 | US$29,519 | US$31,662 |
| Shareholders' equity | US$17,937,520 | US$12,159,576 | — | US$3,557,858 | — |
Income statement: annual key figures
US dollars (US$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$833) | (US$719,300) | US$10,243 | — | — |
| General and administrative | (US$774,326) | (US$391,709) | (US$267,534) | (US$370,635) | (US$190,444) |
| Share-based compensation | (US$486,529) | (US$792,828) | (US$279,603) | (US$197,057) | (US$605,779) |
| Net income (loss) | (US$2,012,585) | (US$2,834,958) | (US$1,045,475) | (US$8,482,263) | (US$1,695,817) |
Cash flow statement: annual key figures
US dollars (US$), 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$1,557,879) | (US$2,199,211) | (US$1,263,869) | — | — |
| Investing cash flow | — | (US$624,523) | US$72,779 | (US$179,359) | (US$3,079,517) |
| Financing cash flow | US$5,948,725 | US$8,639,175 | US$1,907,230 | US$999,955 | US$2,767,020 |
| Change in cash | US$4,464,789 | US$5,815,441 | — | — | — |
| Cash at end of period | US$11,935,657 | US$6,973,497 | US$999,595 | US$255,281 | US$56,999 |
Awalé Resources Limited financings
1 financing announced or closed by Awalé Resources Limited, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-14 | Awalé Resources Limited (ARIC) | Private placement, non-brokered | Closed, 2 tranches | $20.7M | $0.850 | Awalé Closes $19 Million Strategic Investment by Predictive Discovery and Fortuna Mining |