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Blue Star Gold Corp (BAU) Financings

TSXV: BAU · Gold · Advanced Exploration stage

Blue Star Gold Corp. is a mineral exploration and development company focused on Nunavut, Canada. The Company controls over 420 square kilometres of highly prospective and underexplored mineral properties in the High Lake Greenstone Belt. Its principal assets include the Ulu Gold Project - comprised of the Ulu Mining Lease and Hood River Property, and the Roma and Auma Projects. The Ulu Mining Lease hosts the high-grade Flood Zone Gold Deposit, and the Company's broader land package contains numerous high-priority gold and critical mineral targets, providing substantial upside potential for resource expansion. Blue Star's projects are strategically located 40-100 km south of the proposed Grays Bay deep-water port, with the planned all-weather Grays Bay Road corridor passing close to the Company's Projects. The Grays Bay Road and Port Project was recently referred to the Major Projects Office by Prime Minister Carney. The Major Projects Office was created to fast-track infrastructure projects that are deemed to be of national importance. Blue Star is listed on the TSX Venture Exchange (BAU), the OTCQB Venture Market (BAUFF), and the Frankfurt Exchange (5WP0). Additional information is available at www.bluestargold.ca.

Blue Star Gold Corp financial statements

Key figures read from 39 of 39 financial statement filings, Oct 26, 2016 to Jun 29, 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.

Nov 2025Nov 2024Nov 2023Dec 2022Nov 2022
Cash and equivalentsC$2,199,582C$845,871——C$1,055,101
Short-term investmentsC$2,629,377C$2,629,377C$2,688,251C$2,688,251C$3,070,779
Total current assetsC$2,420,610C$1,128,440C$3,693,611C$1,621,289C$1,238,761
Total current liabilitiesC$2,701,966C$1,737,365C$452,688C$2,616,263C$2,616,263
Working capital(C$281,356)(C$608,925)C$3,240,923(C$994,974)(C$1,377,502)
Exploration and evaluation assetsC$1,489,715C$1,489,715C$1,157,615C$1,157,615C$22,894,902
Property, plant and equipmentC$583,507C$103,163C$290,836C$411,260C$411,260
Total assetsC$7,176,655C$5,446,224C$8,044,001C$6,169,791C$27,907,078
DebtC$2,234,019C$1,915,558C$1,652,450C$2,214,310C$2,214,310
Total liabilitiesC$3,007,674C$3,652,923C$2,447,126C$2,856,302C$2,856,302
Shareholders' equityC$4,168,981C$1,793,301C$5,596,875C$3,313,489C$25,050,776

Income statement: annual key figures

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

FY Nov 2025FY Nov 2024FY Nov 2023FY Nov 2022FY Nov 2021
Exploration and evaluation expenseC$2,112,115C$5,639,588C$2,877,150——
General and administrativeC$153,842C$144,848C$162,325C$79,728C$97,779
Share-based compensationC$559,750C$366,842C$921,849C$202,878C$550,916
Net income (loss)(C$4,289,772)(C$7,743,745)(C$5,408,324)(C$1,465,712)(C$3,678,625)

Cash flow statement: annual key figures

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

FY Nov 2025FY Nov 2024FY Nov 2023FY Nov 2022FY Nov 2021
Operating cash flow(C$3,316,448)(C$6,903,189)(C$3,753,855)(C$1,467,896)(C$1,920,622)
Investing cash flow———(C$5,628,517)(C$7,491,997)
Financing cash flowC$5,311,692C$4,261,557C$6,287,169C$5,718,305C$11,717,785
Exploration spending (capitalized)———(C$5,489,818)(C$7,239,491)
Property, plant and equipment spending———(C$79,825)(C$252,506)
Proceeds from share issues———C$5,886,235C$10,914,272
Change in cashC$1,353,711(C$2,641,632)C$2,432,402(C$1,378,108)C$2,305,166
Cash at end of periodC$2,199,582C$845,871C$3,487,503C$1,055,101C$2,433,209

Blue Star Gold Corp financings

12 financings announced or closed by Blue Star Gold Corp, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-09-01Blue Star Gold Corp (BAU)Private placement, non-brokeredClosed, 1 tranche$800K$0.200Blue Star Announces Non-Brokered Private Placement and Proposed Debt Settlement
2026-05-25Blue Star Gold Corp (BAU)Flow-through, non-brokeredClosed, 3 tranches$2.0M$0.260Blue Star Announces $2M Non-Brokered Private Placement
2026-04-14Blue Star Gold Corp (BAU)DebtAnnounced$2.7M—Blue Star Announces Renewal of Loan
2025-12-09Blue Star Gold Corp (BAU)Flow-through, non-brokeredClosed, 1 tranche$600K$0.200Blue Star Gold Announces Non-Brokered Private Placement
2025-10-30Blue Star Gold Corp (BAU)Flow-through, non-brokeredClosed, 2 tranches$1.5M$0.250Blue Star Gold Announces $1.5M Non- Brokered Private Placement
2025-10-24Blue Star Gold Corp (BAU)DebtClosed, 1 tranche——Blue Star Gold Announces Third Tranche Issuance of Shares Pursuant to Loan Agreement
2025-07-11Blue Star Gold Corp (BAU)Flow-through, non-brokeredClosed, 2 tranches$2.0M$0.150Blue Star Announces $2M Non-Brokered Private Placement
2025-03-25Blue Star Gold Corp (BAU)Private placement, non-brokeredClosed, 1 tranche$3.5M$0.100Blue Star Gold Announces $3.5M Non- Brokered Private Placement
2024-10-25Blue Star Gold Corp (BAU)DebtTranche closed, 1 tranche——Blue Star Announces Second Tranche Issuance of Shares Pursuant to Loan Agreement
2024-05-24Blue Star Gold Corp (BAU)Flow-through, non-brokeredClosed, 2 tranches$3.1M$0.160Blue Star Gold Announces $3M Non-Brokered Private Placement
2023-10-30Blue Star Gold Corp (BAU)Flow-through, non-brokeredClosed, 3 tranches$3.8M$0.400DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN Blue Star Announces Non-Brokered Private Placement
2023-10-25Blue Star Gold Corp (BAU)DebtAnnounced$2.5M—Blue Star Announces Renewal of Loan

Blue Star Gold Corp debt and credit facilities

Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Blue Star Gold Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.

DateDebtLenderAmountTerms
2026-04-14Loan, amendedGeorg PollertC$2.73M3%, matures 2028-10-05
2024-10-25Loan, closed / fundedGeorg PollertC$2.54M3%
2021-07-20Convertible debenture, converted—C$5.69M7.5%
2020-12-17Loan, repaid / settled—C$1M7.5%
2020-06-25Notes / bonds, proposed———

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