Aston Bay Holdings Ltd. (BAY) Financings
TSXV: BAY · Copper · Development stage
- Market cap$15.2M
- Share price$0.060
- 52-week range$0.040 – $0.095
- Shares outstanding252,949,635
- ExchangeTSXV
- Websiteastonbayholdings.com
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in North America. The Company is currently exploring the Storm Copper Property and Cu-Ag-Zn-Co Epworth Property in Nunavut. The Company is also in advanced stages of negotiation on other lands with high-grade precious and critical metals potential in North America. The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, 'American West'), have formed a 20/80 unincorporated joint venture in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.
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Aston Bay Holdings Ltd. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 23, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$85,294 | C$1,426,275 | C$552,894 | C$3,751 | C$56,389 |
| Total current assets | — | — | C$665,234 | C$120,381 | C$99,394 |
| Total current liabilities | C$141,808 | C$170,326 | C$1,058,673 | C$2,269,914 | C$1,587,333 |
| Working capital | — | — | (C$393,439) | (C$2,149,533) | (C$1,487,939) |
| Property, plant and equipment | — | — | C$0 | C$83,334 | C$166,667 |
| Total assets | C$293,636 | C$1,512,224 | C$665,234 | C$203,715 | C$266,061 |
| Debt | — | — | C$644,778 | C$782,225 | C$515,818 |
| Shareholders' equity | C$151,828 | C$1,341,898 | (C$393,439) | (C$2,066,199) | (C$1,321,272) |
Income statement: annual key figures
Canadian dollars (C$), 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$686,817 | C$2,474,994 | C$308,599 | (C$74,779) | C$964,090 |
| General and administrative | C$82,544 | C$221,544 | C$453,717 | C$799,870 | C$766,308 |
| Share-based compensation | C$129,100 | C$206,933 | C$1,706,200 | C$11,250 | C$92,350 |
| Net income (loss) | (C$1,317,231) | (C$1,960,192) | (C$3,288,461) | (C$725,091) | (C$1,730,398) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,339,042)* | (C$2,411,528)* | (C$2,455,878)* | (C$221,552)* | (C$940,187)* |
| Financing cash flow | C$0* | C$3,283,949* | C$3,016,597* | C$229,300* | — |
| Change in cash | (C$1,340,981) | C$873,381 | C$549,143 | (C$52,638) | C$37,204 |
| Cash at end of period | C$85,294 | C$1,426,275 | C$552,894 | C$3,751 | C$56,389 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Aston Bay Holdings Ltd. financings
4 financings announced or closed by Aston Bay Holdings Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-06-24 | Aston Bay Holdings Ltd. (BAY) | Private placement | Announced | $17.1M | — | Aston Bay and American West Metals Announce C$17.1 Million Royalty Package for the Storm Copper Project, Canada Non-dilutive financing secured from leading royalty fund to support exploration and development at Storm C$3.425 million allocated to Aston Bay with no use of proceeds restriction |
| 2024-04-24 | Aston Bay Holdings Ltd. (BAY) | Flow-through, LIFE offering, non-brokered | Closed, 3 tranches | $5.0M | $0.120 | Aston Bay Holdings Announces Non-Brokered Private Placement |
| 2023-09-28 | Aston Bay Holdings Ltd. (BAY) | LIFE offering, brokered | Closed, 1 tranche | $3.8M | $0.080 | Aston Bay Holdings Ltd. Announces Update to Brokered Financing |
| 2023-09-05 | Aston Bay Holdings Ltd. (BAY) | LIFE offering, brokered | Announced | $5.0M | $0.190 | Aston Bay Holdings Ltd. Announces C$5.0M Brokered Financing |