C3 Metals Inc (CCCM) Financings
TSXV: CCCM · Copper, Gold · Advanced Exploration stage
- Market cap$81.4M
- Share price$0.650
- 52-week range$0.590 – $1.55
- Shares outstanding125,284,856
- ExchangeTSXV
- Websitewww.c3metals.com
C3 Metals Inc. is a mineral exploration company focused on creating substantive value for its shareholders through the discovery and development of large copper and gold deposits. The Company holds approximately 31,000 hectares located in the prolific high-grade Andahuaylas-Yauri Porphyry-Skarn belt of Southern Peru, which contain the Company's Jasperoide and Khaleesi projects. Mineralization at Jasperoide is hosted in a similar geological setting to the nearby major mining operations at Las Bambas (MMG), Constancia (Hudbay) and Antapaccay (Glencore). At Jasperoide, the Company has identified over 13 skarn prospects and two porphyry prospects over two parallel 28km belts. The Company has published a maiden resource estimate on the first of these skarn targets, which contained Measured & Indicated Resources of 52Mt at 0.5% copper and 0.2 g/t gold [1]. The Company is also actively exploring in Jamaica where it has identified 16 porphyry, 40 epithermal and multiple volcanic redbed copper prospects over a 30km strike extent. The Company holds a 100% interest in 17,855 hectares of exploration licenses, of which Freeport-McMoRan Exploration Corporation, a wholly-owned affiliate of Freeport-McMoRan Inc. (NYSE: FCX), has the option on 13,020 hectares to earn up to a 75% interest by funding up to US$75 million of exploration and project related expenditures. The Company also holds a 50% interest in 9,870 hectares in a joint venture with Geophysx Jamaica Ltd, the largest mineral tenure holder in the country. Barrick Mining Corp. announced on May 1, 2024 that it had entered into an earn-in agreement with Geophysx Jamaica Ltd. on approximately 400,000 hectares of exploration licenses, several of which surround C3 Metals' mineral concessions. Mining is currently the second largest industry in Jamaica, and historical mining dates back to the colonial eras of the 1500s (Spanish) and 1800s (British).
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C3 Metals Inc financial statements
Key figures read from 40 of 40 financial statement filings, Dec 1, 2016 to Jul 23, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$11,851,439 | C$1,521,374 | C$2,832,823 | C$7,302,637 | C$5,846,804 |
| Short-term investments | C$21,875 | C$31,250 | C$53,125 | C$326,536 | C$127,803 |
| Total current assets | C$12,210,897* | C$1,719,075* | C$3,129,000* | C$8,276,879* | C$6,275,455* |
| Exploration and evaluation assets | C$63,213,503 | C$58,228,696 | C$51,526,672 | C$17,745,558 | C$11,399,281 |
| Property, plant and equipment | C$59,856 | C$82,328 | C$107,444 | C$75,441 | C$70,518 |
| Total assets | C$75,527,286 | C$60,056,193 | C$55,336,952 | C$49,536,411 | C$28,194,781 |
| Total liabilities | C$1,224,669 | C$365,038 | C$482,146 | C$1,011,616 | C$1,146,648 |
| Shareholders' equity | C$74,302,617 | C$59,691,155 | C$54,854,806 | C$48,524,795 | C$27,048,133 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$1,336,655 | C$1,267,550 | C$1,330,561 | C$1,660,229 | C$1,185,001 |
| Share-based compensation | C$735,233 | C$157,726 | C$432,476 | C$816,125 | C$1,368,712 |
| Net income (loss) | (C$2,902,130) | (C$2,292,591) | (C$927,272) | (C$3,818,961) | (C$5,527,468) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,406,237)* | (C$2,350,200)* | (C$2,600,451)* | (C$3,789,570)* | (C$2,289,786)* |
| Investing cash flow | (C$2,350,709)* | (C$6,793,362)* | (C$6,847,746)* | (C$13,088,775)* | (C$4,698,139)* |
| Financing cash flow | C$14,942,073* | C$7,848,823* | C$4,865,192* | C$17,982,625* | C$9,599,428* |
| Exploration spending (capitalized) | (C$2,986,660) | (C$6,788,301) | (C$8,112,794) | (C$11,487,005) | (C$4,773,146) |
| Property, plant and equipment spending | (C$2,041) | (C$27,952) | (C$58,267) | (C$15,434) | (C$60,869) |
| Proceeds from share issues | — | C$8,050,000 | C$5,000,000 | C$19,300,614 | C$7,414,509 |
| Change in cash | C$10,330,065 | (C$1,311,449) | (C$4,469,814) | C$1,455,833 | C$2,611,503 |
| Cash at end of period | C$11,851,439 | C$1,521,374 | C$2,832,823 | C$7,302,637 | C$5,846,804 |
* Calculated from the statement's own lines: the company did not print this total with a label.
C3 Metals Inc financings
1 financing announced or closed by C3 Metals Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-21 | C3 Metals Inc (CCCM) | Private placement, bought deal | Closed, 1 tranche | $28.0M | $1.10 | C3 Metals Announces $20 Million Bought Deal Private Placement |