Canagold Resources Ltd (CCM) Financings
TSX: CCM · Gold, Antimony · Development stage
- Market cap$155.1M
- Share price$0.680
- 52-week range$0.400 – $0.800
- Shares outstanding228,115,069
- ExchangeTSX
- Websitecanagoldresources.com
Canagold Resources Ltd. is an advanced development company focused on advancing the New Polaris Gold-Antimony Project in northwestern British Columbia through permitting and toward production. The Company completed a Feasibility Study for New Polaris in 2025 and continues to advance the project through environmental assessment, permitting, technical studies and stakeholder engagement. Canagold's objective is to responsibly develop New Polaris into a significant gold and antimony operation while creating long-term value for shareholders and meaningful benefits for Indigenous Nations and local communities.
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Canagold Resources Ltd financial statements
Key figures read from 41 of 41 financial statement filings, Nov 8, 2016 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$820 | US$676 | US$2,811 | US$3,825 | US$2,008 |
| Short-term investments | US$16 | US$218 | US$1,534 | US$855 | US$1,300 |
| Total current assets | US$1,011 | US$1,141 | US$5,269 | US$5,811 | US$3,758 |
| Total current liabilities | US$1,243 | US$990 | US$714 | US$1,425 | US$1,183 |
| Working capital | (US$232) | US$151 | US$4,555 | US$4,386 | US$2,575 |
| Exploration and evaluation assets | US$37,282 | US$31,300 | US$27,508 | US$26,277 | US$23,781 |
| Property, plant and equipment | US$129 | US$197 | US$297 | US$374 | US$44 |
| Total assets | US$38,423 | US$32,745 | US$33,226 | US$32,628 | US$27,583 |
| Total liabilities | US$4,450 | US$2,765 | US$2,488 | US$3,115 | US$1,290 |
| Shareholders' equity | US$33,973 | US$29,980 | US$30,738 | US$29,513 | US$26,293 |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | US$478 | US$458 | US$403 | US$837 | US$295 |
| Share-based compensation | US$551 | US$316 | US$391 | US$154 | US$974 |
| Impairments and write-downs | US$0 | US$0 | (US$1,898) | US$0 | US$0 |
| Net income (loss) | (US$1,758) | (US$1,122) | (US$3,050) | (US$2,705) | (US$1,832) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$364) | (US$1,733) | (US$1,330) | (US$893) | (US$1,407) |
| Investing cash flow | (US$4,560) | (US$2,788) | (US$4,278) | (US$7,550) | (US$501) |
| Financing cash flow | US$2,954 | US$3,240 | US$8,207 | US$4,403 | US$6,243 |
| Exploration spending (capitalized) | — | — | (US$4,486) | (US$8,190) | (US$793) |
| Change in cash | (US$2,135) | (US$1,014) | US$1,817 | (US$4,109) | US$4,194 |
| Cash at end of period | US$676 | US$2,811 | US$3,825 | US$2,008 | US$6,117 |
Canagold Resources Ltd financings
6 financings announced or closed by Canagold Resources Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-18 | Canagold Resources Ltd (CCM) | Flow-through | Closed, 1 tranche | $7.1M | $0.470 | Canagold Arranged and Closed $7.1 M Financing |
| 2026-02-13 | Canagold Resources Ltd (CCM) | Flow-through | Closed, 1 tranche | $9.2M | $0.450 | Canagold Resources Ltd. Announces Closing of $9.2M Financing |
| 2025-08-18 | Canagold Resources Ltd (CCM) | Flow-through, private placement | Closed, 1 tranche | $4.0M | $0.430 | Canagold Resources Ltd. Announces Closing of $4M Financing |
| 2025-03-04 | Canagold Resources Ltd (CCM) | Flow-through | Closed, 1 tranche | $3.2M | $0.350 | Canagold Resources Ltd. Announces Closing of $3.22M Charity Flow Through Financing |
| 2024-03-28 | Canagold Resources Ltd (CCM) | Flow-through | Closed, 1 tranche | $4.1M | $0.263 | Canagold Resources Ltd. Announces Closing of $4.1M Charity Flow Through Financing |
| 2023-07-28 | Canagold Resources Ltd (CCM) | Private placement, non-brokered | Closed, 1 tranche | $4.4M | $0.210 | Canagold Resources Ltd. Announces Closing of Private Placement |
Canagold Resources Ltd debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Canagold Resources Ltd 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 |
|---|---|---|---|---|
| 2022-09-01 | Credit facility, signed | — | C$2.5M | 5.5% |
| 2016-03-07 | Loan, proposed | — | US$8M | — |
| 2012-03-21 | Loan, signed | — | C$200,000 | 12% |
| 2011-02-25 | Convertible debenture, closed / funded | Effisolar Energy Corporation | C$300,000 | 0% |
| 2011-02-07 | Convertible debenture, closed / funded | — | C$300,000 | — |
| 2010-12-22 | Convertible note / loan, proposed | — | C$12M | 12% |