Copper Lake Resources Ltd (CPL) Financings
TSXV: CPL · Copper, Zinc, Silver · Advanced Exploration stage
- Market cap$9.6M
- Share price$0.325
- 52-week range$0.180 – $0.700
- Shares outstanding29,675,134
- ExchangeTSXV
- Websitecopperlakeresources.com
Copper Lake Resources Ltd. is a publicly traded Canadian mineral exploration and development company with interests in two projects both located in Ontario. www.copperlakeresources.com The Marshall Lake high-grade VMS copper, zinc, silver and gold project, comprises an area of approximately 220 square km located 120 km north of Geraldton, Ontario and is accessible by all-season road from the Trans-Canada Highway and just 22 km north of the main CNR rail line. Copper Lake has a 79.45% interest in the joint ventured property, which consists of 233 claims and 52 mining leases. The project also includes 148 claim cells staked in 2018 and 2020 that are 100% owned and not subject to any royalties, which add approximately 30 square km to the original property. In addition to the original Marshall Lake property above, Marshall Lake also includes the Sollas Lake and Summit Lake properties, which are 100% owned by the Company and are not subject to any royalties. The Sollas Lake property consists of 20 claim cells comprising an area of 4 square km on the east side of the Marshall Lake property where historical EM airborne geophysical surveys have outlined strong conductors on the property hosted within the same favorable felsic volcanic units. The Summit Lake property currently consists of 100 claim cells comprising an area of 20.5 square km, is accessible year-round, and is located immediately west of the original Marshall Lake property. The Marshall Lake project is located in the traditional territories of the Aroland and Animbiigoo Zaagi igan Anishinaabek ('AZA') First Nations. Copper Lake has a 69.79% joint venture interest in the Norton Lake nickel, copper, cobalt, and palladium PGM property, located in the southern Ring of Fire area, is approximately 100 km north of the Marshall Lake Property. The Norton Lake property is located in the traditional territories of the Eabametoong ('Fort Hope') and Neskantaga First Nations.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Copper Lake Resources Ltd financial statements
Key figures read from 37 of 38 financial statement filings, Mar 28, 2017 to Jun 29, 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.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,186 | C$3,724 | C$84,275 | C$668,333 | C$520,594 |
| Total current assets | C$15,847* | C$55,419* | C$134,616* | C$800,973 | C$938,942 |
| Total current liabilities | — | C$1,488,816 | C$608,655 | C$244,734 | C$490,701 |
| Working capital | — | (C$1,433,397) | (C$474,039) | C$556,239 | C$448,241 |
| Exploration and evaluation assets | C$2,548,862 | C$2,548,862 | C$2,548,862 | C$2,548,862 | C$2,565,362 |
| Total assets | C$2,564,709 | C$2,604,281 | C$2,683,478 | C$3,349,835 | C$3,504,304 |
| Debt | — | — | — | C$0 | C$100,000 |
| Total liabilities | C$1,834,305 | C$1,488,816 | C$608,655 | C$244,734 | C$490,701 |
| Shareholders' equity | C$730,404 | C$1,115,465 | C$2,074,823 | C$3,105,101 | C$3,013,603 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$71,058 | C$1,255,029 | C$1,818,174 | C$2,093,154 | C$642,823 |
| General and administrative | C$206,200 | C$249,341 | C$256,866 | C$60,256 | C$48,636 |
| Share-based compensation | C$0 | C$0 | C$158,799 | C$477,216 | C$461,672 |
| Net income (loss) | (C$390,061) | (C$1,684,208) | (C$2,344,957) | (C$2,909,263) | (C$1,319,110) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$102,284) | (C$854,644) | (C$1,862,256) | (C$2,327,057) | (C$1,244,775) |
| Financing cash flow | C$99,746 | C$774,093 | C$1,278,198 | C$2,474,796 | C$1,753,666 |
| Change in cash | (C$2,538) | (C$80,551) | — | C$147,739 | C$508,891 |
| Cash at end of period | C$1,186 | C$3,724 | C$84,275 | C$668,333 | — |
Copper Lake Resources Ltd financings
3 financings announced or closed by Copper Lake Resources Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-03 | Copper Lake Resources Ltd (CPL) | Private placement, non-brokered | Closed, 2 tranches | $5.0M | $0.150 | Copper Lake Announces Non-Brokered Private Placement |
| 2026-08-17 | Copper Lake Resources Ltd (CPL) | Convertible debenture | Announced | $1.0M | — | Copper Lake Announces C$1.0 Million Secured Debenture Financing |
| 2026-07-16 | Copper Lake Resources Ltd (CPL) | Convertible debenture, non-brokered | Announced | $1.0M | — | Copper Lake Announces C$1.0 Million Non-Brokered Secured Debenture Financing |
Copper Lake Resources Ltd debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Copper Lake 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 |
|---|---|---|---|---|
| 2026-08-17 | Notes / bonds, closed / funded | — | C$1M | 15% |
| 2017-05-01 | Convertible debenture, converted | — | C$307,500 | 12%, matures 2021-04-28 |