Canadian North Resources Inc. (CNRI) Financings
TSXV: CNRI · Nickel, Copper, Cobalt · Advanced Exploration stage
- Market cap$17.7M
- Share price$0.155
- 52-week range$0.155 – $0.980
- Shares outstanding114,325,317
- ExchangeTSXV
- Websitewww.cnresources.com
Canadian North Resources Inc. is an exploration and development company focusing on the critical metals for the clean-energy, electric vehicles, battery and high-tech industries. The company is advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project in the Kivalliq Region of Nunavut, Canada.
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Canadian North Resources Inc. financial statements
Key figures read from 18 of 18 financial statement filings, Apr 29, 2022 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$12,055 | C$1,646,226 | C$5,540,312 | C$11,067,170 | C$19,025,817 |
| Total current assets | C$208,519 | C$1,885,261 | C$6,292,038 | C$12,326,509 | C$19,062,036 |
| Total current liabilities | C$1,045,280 | C$951,843 | C$1,070,553 | — | — |
| Working capital | (C$836,761) | C$933,418 | C$5,221,485 | — | — |
| Exploration and evaluation assets | C$45,231,680 | C$43,643,698 | C$41,124,576 | C$21,783,859 | C$6,108,179 |
| Property, plant and equipment | C$368,512 | C$454,669 | C$553,367 | C$532,222 | C$141,192 |
| Total assets | C$45,926,568 | C$47,052,042 | C$50,175,182 | C$34,642,590 | C$25,311,407 |
| Total liabilities | C$3,300,601 | C$3,696,720 | C$5,174,731 | C$3,509,725 | C$2,269,956 |
| Shareholders' equity | C$42,625,967 | C$43,355,322 | C$45,000,451 | C$31,132,865 | C$23,041,451 |
Income statement: annual key figures
Canadian dollars (C$), 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 | C$384,300 | C$1,366,128 | C$2,562,891 | C$233,589 | C$618,080 |
| Share-based compensation | C$46,978 | C$336,163 | C$3,685,237 | C$3,061,230 | — |
| Net income (loss) | (C$711,866) | (C$1,889,430) | (C$6,400,496) | (C$3,894,677) | (C$1,449,069) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$413,996) | (C$1,376,575) | (C$2,800,478) | (C$1,829,174) | (C$1,717,652) |
| Investing cash flow | (C$624,007) | (C$1,456,483) | (C$18,176,267) | (C$15,382,015) | (C$3,632,642) |
| Financing cash flow | (C$596,168) | (C$1,061,028) | C$15,449,887 | C$9,252,542 | C$22,822,787 |
| Exploration spending (capitalized) | (C$606,007) | (C$1,627,106) | (C$18,437,198) | (C$14,920,240) | (C$3,632,642) |
| Property, plant and equipment spending | (C$18,000) | (C$3,815) | (C$114,069) | (C$461,775) | C$0 |
| Change in cash | (C$1,634,171) | (C$3,894,086) | (C$5,526,858) | (C$7,958,647) | C$17,472,493 |
| Cash at end of period | C$12,055 | C$1,646,226 | C$5,540,312 | C$11,067,170 | C$19,025,817 |
Canadian North Resources Inc. financings
2 financings announced or closed by Canadian North Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-26 | Canadian North Resources Inc. (CNRI) | Convertible debenture | Closed, 1 tranche | $2.0M | — | Announces Private Placement of Convertible Promissory Notes |
| 2023-07-27 | Canadian North Resources Inc. (CNRI) | Flow-through, non-brokered | Closed, 1 tranche | $3.1M | $2.70 | Canadian North Resources Inc. Announces Final Closing of Its Private Placement |
Canadian North Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Canadian North Resources 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 |
|---|---|---|---|---|
| 2026-10-06 | Convertible note / loan, proposed | — | — | 10% |