Altair Resources Inc. (AVX) Financings
TSXV: AVX · Gold · Development stage
- Market cap$286K
- Share price$0.005
- 52-week range$0.005 – $0.005
- Shares outstanding57,266,624
- ExchangeTSXV
- Websitewww.altairresources.com
Altair is an emerging mid-tier gold and precious metal company rapidly progressing toward production. Altair recently announced the signing of a binding agreement for the purchase of the Marbera 2 permits in Burkina Faso, hosting historic resources of over 1.3 million ounces of gold as shown by over 387,000 meters of drilling and 294,000 samples. The company also recently announced an agreement for the acquisition of two gold-producing properties in Kazakhstan containing a total historic indicated resource of 947,900 ounces of gold, open pit and underground, and a total historic inferred resource of 892,600 oz of gold, open pit and underground, with current aggregate gold production at the two properties of approximately 21,000 ounces of gold per year from the oxide zones of each property. The in situ acquisition cost of these gold-producing assets is $58 per ounce.
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Altair Resources Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 29, 2016 to Aug 20, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$897 | C$1,099 | C$572 | C$5,019 | C$14,351 |
| Total current assets | — | — | — | C$9,990 | C$55,561 |
| Total current liabilities | — | — | — | — | C$1,736,149 |
| Working capital | — | — | — | — | (C$1,680,588) |
| Exploration and evaluation assets | — | — | — | C$0 | C$5,048 |
| Total assets | C$5,304 | C$5,664 | C$7,701 | C$9,990 | C$60,609 |
| Total liabilities | C$3,259,299 | C$2,876,675 | C$2,430,689 | C$1,988,847 | C$1,736,149 |
| Shareholders' equity | (C$3,253,995) | (C$2,871,011) | (C$2,422,988) | (C$1,978,857) | (C$1,675,540) |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$67,413 | C$62,634 | C$52,752 | C$45,501 | C$28,863 |
| General and administrative | C$265,423 | C$256,807 | C$258,231 | C$316,376 | C$391,035 |
| Share-based compensation | — | — | — | C$0 | C$277,875 |
| Impairments and write-downs | — | — | — | C$0 | (C$147,216) |
| Net income (loss) | (C$382,984) | (C$448,023) | (C$444,131) | (C$613,722) | (C$3,086,538) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$120,561) | (C$112,996) | (C$159,270) | (C$119,401) | (C$1,084,661) |
| Financing cash flow | — | — | C$154,823 | C$110,069 | C$2,334,203 |
| Change in cash | (C$202) | C$527 | (C$4,447) | (C$9,332) | (C$7,404) |
| Cash at end of period | C$897 | C$1,099 | C$572 | C$5,019 | C$14,351 |
No financings are on record for Altair Resources Inc. yet.
Altair Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Altair Resources Inc. 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 |
|---|---|---|---|---|
| 2013-09-05 | Loan, signed | Espresso Capital | C$300,000 | 19.08% |