Azarga Metals Corp. (AZR) Financings
TSXV: AZR · Copper · Advanced Exploration stage
- Market cap$17.4M
- Share price$0.190
- 52-week range$0.090 – $0.200
- Shares outstanding91,405,945
- ExchangeTSXV
- Websitewww.azargametals.com
Azarga Metals is a mineral exploration and development company that owns 100% of the high-grade copper rich Marg VMS deposit located in central Yukon, Canada. On September 23, 2025, the Company filed a National Instrument 43-101 - Standard of Disclosures for Mineral Projects ('NI 43-101') independent technical report for a Mineral Resource Estimate on the Marg Project titled 'NI 43-101 Technical Report for the Marg Property, Yukon Territory' (the 'Marg Report') dated August 29, 2025, with an effective date of August 29, 2025. The Marg Report was prepared by independent consultants at IMC Mining Pty Ltd and TruePoint Exploration. The Marg Report estimated a total of 4.3 Mt of indicated resources grading 2.9% CuEq and 10 Mt of inferred resources grading 2.3% CuEq at a 0.5% copper equivalent ('CuEq') cut-off. CuEq is calculated as: CuEq% = Cu% + 0.1·Pb% + 0.25·Zn% + 0.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Azarga Metals Corp. financial statements
Key figures read from 38 of 38 financial statement filings, Jan 26, 2017 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$128,287 | C$15,212 | C$123,135 | C$184,074 | C$862,851 |
| Total current assets | C$142,648* | C$23,940* | C$132,858* | C$400,292* | C$969,090* |
| Total current liabilities | C$41,140 | C$714,161 | C$1,010,131 | C$2,333,917 | C$260,678 |
| Working capital | C$101,508 | (C$690,221) | (C$877,273) | (C$1,933,625) | C$708,412 |
| Exploration and evaluation assets | C$892,279 | C$533,398 | C$869,083 | C$869,083 | C$8,012,117 |
| Total assets | C$1,034,927 | C$557,338 | C$1,001,941 | C$1,269,375 | C$9,031,207 |
| Debt | — | — | C$0 | C$1,723,637 | C$6,126,707 |
| Total liabilities | — | — | C$1,010,131 | C$2,637,617 | C$6,387,385 |
| Shareholders' equity | C$993,787 | (C$156,823) | (C$8,190) | (C$1,368,242) | C$2,643,822 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$104,054 | C$0 | C$228,949 | C$477,892 | C$378,603 |
| General and administrative | C$294,893 | C$292,585 | C$308,907 | C$398,371 | C$359,380 |
| Share-based compensation | C$162,434 | C$57,947 | C$49,005 | C$210,827 | C$86,678 |
| Net income (loss) | (C$254,205) | (C$349,913) | (C$729,135) | (C$9,589,863) | (C$1,865,443) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$770,425)* | — | (C$305,187)* | (C$923,493)* | (C$1,046,651)* |
| Investing cash flow | (C$210,000)* | — | C$141,748* | (C$47,284)* | (C$50,000)* |
| Financing cash flow | C$1,093,500* | — | C$102,500* | C$292,000* | C$1,184,282* |
| Exploration spending (capitalized) | (C$210,000) | — | — | — | — |
| Proceeds from share issues | C$1,100,000 | — | C$102,500 | C$292,000 | C$1,178,612 |
| Change in cash | C$113,075 | (C$107,923) | (C$60,939) | (C$678,777) | C$87,631 |
| Cash at end of period | C$128,287 | C$15,212 | C$123,135 | C$184,074 | C$862,851 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Azarga Metals Corp. financings
4 financings announced or closed by Azarga Metals Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-08 | Azarga Metals Corp. (AZR) | Private placement, non-brokered | Closed, 1 tranche | $2.9M | $0.180 | Azarga Metals Announces Non-Brokered Private Placement |
| 2026-02-17 | Azarga Metals Corp. (AZR) | Private placement, non-brokered | Closed, 1 tranche | $501K | $0.135 | Azarga Metals Announces Follow-up Non-Brokered Private Placement |
| 2026-01-12 | Azarga Metals Corp. (AZR) | Private placement, non-brokered | Closed, 1 tranche | $1.0M | $0.100 | Azarga Metals Announces Non-Brokered Private Placement |
| 2024-12-31 | Azarga Metals Corp. (AZR) | Private placement, non-brokered | Closed, 1 tranche | $1.1M | $0.030 | Azarga Metals Secures C$1.1 Million Private Placement |
Azarga Metals Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Azarga Metals Corp. 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 |
|---|---|---|---|---|
| 2023-07-18 | Loan, repaid / settled | — | C$1.2M | — |
| 2022-06-14 | Convertible note / loan, converted | — | US$3.5M | — |
| 2022-04-19 | Convertible note / loan, proposed | — | US$3.5M | matures 2022-12-31 |
| 2017-12-11 | Loan, signed | — | C$400,000 | 10% |