Arras Minerals Corp (ARK) Financings
TSXV: ARK · Copper, Gold · Exploration stage
- Market cap$158.0M
- Share price$1.10
- 52-week range$0.530 – $2.07
- Shares outstanding143,619,781
- ExchangeTSXV
- Websitewww.arrasminerals.com
Arras is a Canadian exploration and development company advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Elemes copper-gold porphyry project, where initial drill results in 2025 identified porphyry-style mineralization along approximately 10 km of strike. The Company has established one of the largest land packages in Kazakhstan prospective for copper and gold. The Company's shares are listed on the TSX Venture Exchange under the trading symbol 'ARK' and on the OTCQB under the trading symbol 'ARRKF'.
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Arras Minerals Corp financial statements
Key figures read from 18 of 18 financial statement filings, Jun 28, 2022 to Sep 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$10,401,194 | US$1,727,459 | US$290,684 | US$424,124 | US$3,806,291 |
| Total current assets | US$12,674,971* | US$2,711,032* | US$520,153* | US$597,543* | US$7,035,558* |
| Exploration and evaluation assets | US$1,415,956 | US$5,035,259 | US$5,035,259 | US$5,035,259 | US$651,603 |
| Total assets | US$14,515,818 | US$8,419,108 | US$6,419,760 | US$6,650,851 | US$7,792,327 |
| Debt | — | — | — | US$0 | US$3,178,500 |
| Total liabilities | US$652,390 | US$1,683,947 | US$778,980 | US$781,524 | US$541,624 |
| Shareholders' equity | US$13,863,428 | US$6,735,161 | US$5,640,780 | US$5,869,327 | US$7,250,703 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Feb 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | US$3,507,727 | US$1,462,757 | US$4,083,490 | US$3,603,980 | US$3,603,980 |
| General and administrative | US$200,732 | US$1,190,959 | US$73,956 | US$125,266 | US$125,266 |
| Impairments and write-downs | (US$3,619,303) | — | — | — | — |
| Net income (loss) | (US$5,343,430) | US$940,158 | US$109,916 | (US$249,097) | (US$249,097) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Feb 2022 | |
|---|---|---|---|---|---|
| Cash at end of period | US$10,401,194 | US$1,727,459 | US$290,684 | US$424,124 | US$424,124 |
Arras Minerals Corp financings
2 financings announced or closed by Arras Minerals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-09 | Arras Minerals Corp (ARK) | Private placement, bought deal | Announced | $25.0M | — | Arras Minerals Announces Plan to Increase Diamond Drilling by 100% to 40,000 Metres for 2026 & Provides Exploration Update |
| 2026-07-07 | Arras Minerals Corp (ARK) | LIFE offering, bought deal | Closed, 1 tranche | $25.0M | $1.36 | Arras Minerals Closes Upsized $25 Million Bought Deal Financing |