Canterra Minerals Corporation (CTM) Financings
TSXV: CTM · Gold, Copper, Lead · Advanced Exploration stage
- Market cap$47.6M
- Share price$0.120
- 52-week range$0.115 – $0.240
- Shares outstanding397,020,576
- ExchangeTSXV
- Websitecanterraminerals.com
Canterra is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland. The Company's projects include seven mineral deposits located in close proximity to the world-renowned, past-producing Buchans Mine and Teck Resources' Duck Pond Mine, which collectively produced copper, zinc, lead, silver and gold. Several of Canterra's deposits support current and historical Mineral Resource Estimates prepared in accordance with National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Mineral Reserves. Canterra's gold projects are located on trend of Equinox Gold's Valentine Mine and cover a ~55 km extension of the same structural corridor that hosts the gold mineralization within Equinox Gold's mine. Past drilling by Canterra and others within the Company's gold projects intersected multiple occurrences of orogenic-style gold mineralization within a large land position that remains underexplored.
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Canterra Minerals Corporation financial statements
Key figures read from 38 of 38 financial statement filings, Nov 23, 2016 to Aug 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$7,323,695 | C$4,889,161 | C$1,821,239 | C$653,679 | C$3,059,252 |
| Short-term investments | C$236,297 | C$437,693 | C$121 | C$69 | C$897 |
| Total current assets | C$7,960,384* | C$5,475,999* | C$1,901,325* | C$686,735* | C$3,312,271* |
| Total current liabilities | C$1,306,632 | C$1,014,499 | C$279,044 | C$897,085 | C$383,639 |
| Working capital | C$6,653,752 | C$4,461,500 | C$1,622,281 | (C$210,350) | C$2,928,632 |
| Exploration and evaluation assets | C$15,577,241 | C$15,553,531 | C$15,958,134 | C$4,418,068 | C$4,332,783 |
| Total assets | C$23,541,625 | C$21,033,530 | C$17,863,459 | C$5,108,803 | C$7,649,054 |
| Shareholders' equity | C$22,234,993 | C$20,019,031 | C$17,584,415 | C$4,211,718 | C$7,265,415 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | C$1,601,869 | C$94,467 | C$2,646,563 | C$3,138,754 |
| General and administrative | — | C$236,125 | C$203,789 | C$114,904 | C$134,424 |
| Share-based compensation | C$10 | C$434,489 | C$261,432 | C$526,830 | C$991,209 |
| Impairments and write-downs | — | (C$601,157) | — | — | C$0 |
| Net income (loss) | — | (C$3,239,012) | (C$1,013,370) | (C$3,638,684) | (C$4,798,703) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$5,984,140) | (C$2,734,511) | (C$1,417,009) | (C$2,378,445) | (C$4,088,730) |
| Investing cash flow | C$521,745 | (C$149,204) | (C$9,250) | (C$25,285) | (C$257,280) |
| Financing cash flow | C$7,896,928 | C$5,951,637 | C$2,593,819 | (C$1,843) | C$3,551,335 |
| Exploration spending (capitalized) | (C$23,710) | (C$249,204) | (C$9,250) | (C$25,285) | (C$257,280) |
| Proceeds from share issues | C$7,607,879 | C$5,817,056 | C$2,593,819 | (C$1,843) | C$3,551,335 |
| Change in cash | C$2,434,534 | C$3,067,922 | C$1,167,560 | (C$2,405,573) | (C$794,675) |
| Cash at end of period | — | C$4,889,161 | C$1,821,239 | C$653,679 | C$3,059,252 |
Canterra Minerals Corporation financings
2 financings announced or closed by Canterra Minerals Corporation, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-04 | Canterra Minerals Corporation (CTM) | Flow-through, non-brokered | Closed, 1 tranche | $5.7M | $0.250 | Canterra Minerals Announces $5.0 Million Private Placement to Fund Exploration in Newfoundland |
| 2025-10-07 | Canterra Minerals Corporation (CTM) | Private placement, non-brokered | Closed, 1 tranche | $2.0M | $0.120 | Canterra Minerals Announces $2.0 Million Private Placement Led by Strategic Investor Michael Gentile and Other Strategic Investors to Fund Gold Exploration in Newfoundland |