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Athena Gold Corporation (ATHA) Financials

CSE: ATHA · Gold · Exploration stage

Athena is engaged in the business of mineral exploration and the acquisition of mineral property assets. Its objective is to locate and develop economic precious and base metal properties of merit and to conduct additional exploration drilling and studies on its projects across North America. Athena’s Laird Lake project is situated in the Red Lake Gold District of Ontario, covering over 7,000 hectares along more than 10 km of the Balmer-Confederation Assemblage contact, where recent surface sampling results returned up to 373 g/t Au. This underexplored area is road-accessible, located about 10 km west of West Red Lake Gold’s Madsen mine and 34 km northwest of Kinross Gold’s Great Bear project.

Athena Gold Corporation financial statements

Key figures read from 21 of 21 financial statement filings, Nov 1, 2021 to Aug 7, 2026. Each column is the period as the company first filed it.

Balance sheet: quarterly key figures

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

Jun 2026Mar 2026Dec 2025Jan 2025
Cash and equivalentsC$1,446,033C$2,864,372C$2,839,369C$347,896
Total current assetsC$7,910,012C$7,910,012C$4,834,615C$7,865,958
Total current liabilitiesC$407,159C$49,350C$1,883,085C$1,055,672
Working capitalC$7,502,853C$7,860,662C$2,951,530C$6,810,286
Exploration and evaluation assetsC$7,910,012C$7,910,012C$4,834,615C$7,840,981
Total assetsC$11,216,670C$13,650,555C$12,501,389C$8,920,741
Total liabilitiesC$407,159C$49,350C$1,883,085C$1,204,295
Shareholders' equityC$10,809,511C$13,601,205C$10,618,304C$7,716,446

Income statement: quarterly key figures

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

3M Jun 20263M Mar 20263M Jun 20253M Mar 2025
Exploration and evaluation expenseC$1,897,748—C$354,992—
General and administrativeC$404,253C$311,035C$379,523C$301,979
Net income (loss)(C$2,933,873)(C$2,044,916)(C$191,579)C$147,652

Cash flow statement: quarterly key figures

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

6M Jun 20263M Mar 20266M Jun 20253M Mar 2025
Operating cash flow—(C$14,690)*(C$637,189)*(C$289,955)*
Investing cash flow—C$39,693*C$112,399*C$60,428*
Financing cash flow——C$931,100*—
Exploration spending (capitalized)—(C$13,293)C$0—
Change in cash(C$1,393,336)C$25,003C$406,310(C$229,527)
Cash at end of periodC$1,446,033C$2,864,372C$754,206C$118,369

* Calculated from the statement's own lines: the company did not print this total with a label.

Athena Gold Corporation financings

4 financings announced or closed by Athena Gold Corporation, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-10-27Athena Gold Corporation (ATHA)Private placement, non-brokeredAnnounced$1.0M$0.200Athena Announces $1 Million Non-Brokered Private Placement
2025-11-17Athena Gold Corporation (ATHA)Flow-through, non-brokeredTranche closed, 1 tranche$3.1M$0.070Athena Gold Announces up to $2 Million Non-Brokered Private Placement
2025-06-30Athena Gold Corporation (ATHA)Private placement, non-brokeredClosed, 1 tranche$166K$0.050Athena Gold Closes Private Placement
2024-10-03Athena Gold Corporation (ATHA)Private placement, non-brokeredTranche closed, 3 tranches$1.1M$0.050Athena Gold Corporation Announces CAD $1,000,000 Private Placement

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