AXO Metals Corp. (AXO) Financings
TSXV: AXO · Copper · Development stage
- Market cap$223.2M
- Share price$1.03
- 52-week range$0.330 – $1.21
- Shares outstanding216,745,853
- ExchangeTSXV
- Websiteaxometals.com
Axo Metals Corp. is a Canadian mineral exploration company engaged in the exploration and development in Mexico. The company holds two projects. The San Antonio project is located in the state of Sonora, and is in advanced development. Total resources at San Antonio stand at 576koz Au and 1.37moz Ag grading 1.20 g/t Au and 2.9g/t Ag in the Indicated category, with 544koz Au and 1.76moz Ag grading 12 g/t Au and 3.3g/t Ag in the Inferred category across all deposit types (oxide, transition and sulphide). Axo's second project is the La Huerta property, a new copper discovery in Jalisco, Mexico. Initial exploration has yielded high-grade copper both at surface through sampling programs, and at depth through initial drilling. The Company is focused on continuing to define near-surface mineralization along the La Huerta Trend, expanding mineralization at depth, and targeting new discoveries in an underexplored district.
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AXO Metals Corp. financial statements
Key figures read from 4 of 4 financial statement filings, Oct 27, 2025 to Jun 1, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2025 | Jun 2024 | |
|---|---|---|
| Total current assets | C$10,443,610* | C$4,900,915* |
| Total current liabilities | C$25,479,513 | C$14,787,369 |
| Working capital | (C$15,035,903) | (C$9,886,454) |
| Exploration and evaluation assets | C$15,035,903 | C$9,886,454 |
| Total assets | C$25,479,513 | C$14,787,369 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2025 | FY Jun 2024 | |
|---|---|---|
| General and administrative | C$161,013 | C$6,118 |
| Share-based compensation | C$652,000 | C$448,000 |
| Net income (loss) | (C$1,423,776) | (C$360,602) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jun 2025 | FY Jun 2024 | |
|---|---|---|
| Change in cash | C$5,166,699 | (C$3,761,579) |
| Cash at end of period | C$10,037,047 | C$4,870,348 |
AXO Metals Corp. financings
1 financing announced or closed by AXO Metals Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-28 | AXO Metals Corp. (AXO) | Private placement, bought deal | Upsized | $35.0M | $0.700 | AXO Copper Corp. Announces $25M Bought Deal Financing of Units |