CANEX Metals Inc. (CANX) Financings
TSXV: CANX · Gold, Copper · Exploration stage
- Market cap$98.4M
- Share price$0.360
- 52-week range$0.090 – $0.640
- Shares outstanding273,247,119
- ExchangeTSXV
- Websitecanexmetals.ca
CANEX Metals (TSX.V:CANX) is a Canadian junior exploration company and owns 100% of Gold Basin Resources Corporation. CANEX is advancing the contiguous Gold Basin and Gold Range properties in Mohave County, Arizona. The combined properties contain numerous drill defined gold deposit ranging up to 1.7 kilometres in length and have seen over 950 historic and current drill holes. CANEX is also advancing the Louise Copper-Gold Porphyry project in British Columbia. Louise contains a large historic copper-gold resource with drill ready targets below and lateral to historic mineralization offering investors copper and gold discovery potential. CANEX is led by an experienced management team which has made three notable porphyry and bulk tonnage discoveries in North America.
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CANEX Metals Inc. financial statements
Key figures read from 42 of 42 financial statement filings, Feb 8, 2017 to Aug 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$158,093 | C$695,912 | — | C$1,198,099 |
| Short-term investments | C$0 | C$31,035 | C$89,842 | C$309,842 | C$619,686 |
| Total current assets | C$6,823,409 | C$204,030* | C$828,058* | C$1,810,914* | C$1,893,450* |
| Total current liabilities | — | C$46,116 | C$59,868 | — | — |
| Working capital | — | C$157,914 | C$768,190 | — | — |
| Exploration and evaluation assets | C$6,296,930 | C$5,713,501 | C$5,053,585 | C$3,913,041 | C$1,947,701 |
| Property, plant and equipment | — | — | — | C$0 | C$30 |
| Total assets | C$7,597,105 | C$5,968,695 | C$5,924,609 | C$5,766,921 | C$3,879,055 |
| Total liabilities | C$319,767 | C$96,147 | C$98,248 | C$145,086 | C$233,701 |
| Shareholders' equity | C$7,277,338 | C$5,872,548 | C$5,826,361 | C$5,621,835 | C$3,645,354 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| General and administrative | (C$505,969) | (C$198,063) | (C$405,043) | (C$638,669) | (C$449,531) |
| Impairments and write-downs | — | — | — | C$0 | (C$473,527) |
| Net income (loss) | — | (C$279,148) | (C$535,402) | (C$781,362) | (C$805,515) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$252,237) | (C$251,900) | (C$465,706) | (C$528,571) | (C$481,982) |
| Investing cash flow | (C$956,198) | (C$282,665) | (C$888,912) | (C$1,829,770) | (C$668,497) |
| Financing cash flow | C$1,714,249 | (C$3,254) | C$591,967 | — | C$1,899,600 |
| Exploration spending (capitalized) | (C$537,124) | (C$344,230) | (C$1,058,071) | (C$2,066,388) | — |
| Proceeds from share issues | (C$22,755) | (C$3,254) | (C$8,033) | — | (C$30,400) |
| Change in cash | — | (C$537,819) | (C$762,651) | — | C$749,121 |
| Cash at end of period | C$663,907 | C$158,093 | C$695,912 | C$1,458,563 | C$1,198,099 |
CANEX Metals Inc. financings
1 financing announced or closed by CANEX Metals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-08 | CANEX Metals Inc. (CANX) | Flow-through, non-brokered | Closed, 1 tranche | $9.5M | $0.350 | CANEX Metals Announces C$6.5 Million Strategic Financing Led By C$3 Million Investment by Eric Fier |
CANEX Metals Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments CANEX Metals 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 |
|---|---|---|---|---|
| 2026-05-06 | Loan, repaid / settled | CHARRUA CAPITAL LLC | US$500,000 | 15% |