Cosa Resources Corp (COSA) Financings
TSXV: COSA · Uranium · Exploration stage
- Market cap$51.6M
- Share price$0.385
- 52-week range$0.255 – $0.820
- Shares outstanding133,970,748
- ExchangeTSXV
- Websitewww.cosaresources.ca
Cosa Resources is a Canadian uranium exploration company operating in northern Saskatchewan. The portfolio comprises roughly 237,000 ha across multiple underexplored 100% owned and Cosa-operated joint venture projects in the Athabasca Basin region, the majority of which reside within or adjacent to established uranium corridors. In January of 2025, the Company entered a transformative strategic collaboration with Denison Mines (TSX: DML) (NYSE American: DNN) that has secured access to several additional highly prospective eastern Athabasca uranium exploration projects. As Cosa's largest shareholder, Denison gains exposure to Cosa's potential for exploration success and its pipeline of uranium projects. The Company's primary focus through the remainder of 2026 will be drilling at the Murphy Lake North and Darby projects in the eastern Athabasca Basin. Drilling at Murphy Lake North will follow up uranium mineralization within an extensive zone of strong structure and hydrothermal alteration at the Cyclone trend. Drilling at Darby will follow up on intersections of anomalous geochemistry, structure, and zones of hydrothermal alteration from both winter 2026 drilling and historical drilling. Cosa's award-winning management team has a track record of success in Saskatchewan. In 2022, members of the Cosa team were awarded the AME Colin Spence Award for the discovery of the Hurricane uranium deposit. Cosa personnel led teams or had integral roles in the discovery of Denison's Gryphon deposit and held key roles in the founding of both NexGen and IsoEnergy.
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Cosa Resources Corp financial statements
Key figures read from 20 of 20 financial statement filings, Mar 29, 2022 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$9,700,247 | C$1,682,243 | C$3,900,322 | C$1,840,954 | C$276,036 |
| Total current assets | C$10,176,194* | C$2,422,303* | C$4,167,952* | C$2,017,289* | C$276,036* |
| Exploration and evaluation assets | C$7,442,470 | C$2,024,066 | C$1,665,820 | C$1,469,172 | C$20,000 |
| Property, plant and equipment | C$8,147 | C$11,429 | C$14,720 | — | — |
| Total assets | C$17,658,311 | C$4,457,798 | C$6,101,928 | C$3,486,461 | C$296,036 |
| Total liabilities | C$4,635,123 | C$942,180 | C$1,045,618 | C$144,206 | C$15,000 |
| Shareholders' equity | C$13,023,188 | C$3,515,618 | C$5,056,310 | C$3,342,255 | C$281,036 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Oct 2022 | FY Nov 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$3,028,219 | C$6,428,942 | C$1,576,311 | C$422,931 | C$139,322 |
| General and administrative | C$943,220 | C$829,136 | C$543,313 | C$152,818 | C$242 |
| Share-based compensation | C$681,614 | C$288,496 | C$444,528 | C$438,440 | C$0 |
| Impairments and write-downs | (C$2,224) | — | — | — | — |
| Net income (loss) | (C$4,389,343) | (C$6,247,788) | (C$2,635,023) | (C$1,136,720) | (C$134,464) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Oct 2022 | FY Nov 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$4,406,665) | (C$8,251,309) | (C$2,913,679) | (C$916,838) | (C$154,464) |
| Investing cash flow | C$24,317 | (C$46,146) | (C$138,058) | C$75,828 | C$0 |
| Financing cash flow | C$12,400,352 | C$6,079,376 | C$5,111,105 | C$2,405,928 | C$430,500 |
| Exploration spending (capitalized) | (C$75,683) | (C$46,146) | (C$121,648) | — | — |
| Proceeds from share issues | C$13,500,000 | C$6,500,816 | C$5,557,796 | C$2,399,309 | C$430,500 |
| Change in cash | C$8,018,004 | (C$2,218,079) | C$2,059,368 | C$1,564,918 | C$276,036 |
| Cash at end of period | C$9,700,247 | C$1,682,243 | C$3,900,322 | C$1,840,954 | C$276,036 |
No financings are on record for Cosa Resources Corp yet.