Cupani Metals Corp. (CUPA) Financials

CSE: CUPA · PGM, Copper · Exploration stage

Cupani Metals Corp.’s focus is to provide shareholders with long-term growth by investing and developing a portfolio of mineral exploration claims.

Cupani Metals Corp. financial statements

Key figures read from 24 of 26 financial statement filings, May 12, 2020 to Aug 31, 2026. Each column is the period as the company first filed it.

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$3,764,248	C$1,104,430	C$1,054,492	C$2,123,977	C$422,719
Total current assets	C$3,935,644	C$1,278,982	C$1,564,146	C$2,297,303	C$559,402
Total current liabilities	C$738,153	C$781,954	C$468,520	C$845,795	C$1,444,916
Working capital	C$3,197,491	C$497,028	C$1,095,626	C$1,451,508	(C$885,514)
Exploration and evaluation assets	C$1	C$1	C$1	C$1	C$1
Property, plant and equipment	C$353,316	C$477	C$917	C$1,357	—
Total assets	C$4,436,052	C$1,296,750	C$1,590,965	C$2,333,173	C$3,427,299
Debt	C$229,627	C$0	C$0	C$40,000	C$282,342
Total liabilities	C$989,577	C$781,954	C$468,520	C$845,795	C$1,444,916
Shareholders' equity	C$3,446,475	C$514,796	C$1,122,445	C$1,487,378	C$1,982,383

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$3,179,267	C$1,697,109	C$237,766	C$6,438	C$898
General and administrative	C$1,037,489	C$1,063,688	C$546,024	C$616,421	C$615,124
Share-based compensation	C$1,201,964	C$45,932	C$0	C$113,108	C$80,700
Impairments and write-downs	—	—	C$0	C$224,509	C$226,800
Net income (loss)	(C$5,107,631)	(C$2,326,031)	(C$429,933)	(C$735,300)	C$165,549

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$4,198,457)	(C$2,273,608)	(C$631,065)	(C$1,064,869)	(C$77,362)
Investing cash flow	(C$355,269)	C$412,850	(C$408,420)	C$3,248,193	C$108,649
Financing cash flow	C$7,285,554	C$1,924,786	(C$30,000)	(C$482,066)	C$315,256
Exploration spending (capitalized)	—	—	—	C$0	(C$100,000)
Property, plant and equipment spending	(C$377,268)	C$0	C$0	(C$1,760)	—
Proceeds from share issues	C$6,964,197	C$1,924,786	—	—	—
Change in cash	C$2,659,818	C$49,938	(C$1,069,485)	C$1,701,258	C$346,543
Cash at end of period	C$3,764,248	C$1,104,430	C$1,054,492	C$2,123,977	C$422,719

3 financings announced or closed by Cupani Metals Corp., read by Mining News Terminal, newest first.

Date	Company	Type	Stage	Amount	Unit price	Release
2025-11-20	Cupani Metals Corp. (CUPA)	Flow-through, non-brokered	Closed, 3 tranches	$4.4M	$0.175	Cupani Metals Announces Non-Brokered Private Placement
2025-05-16	Cupani Metals Corp. (CUPA)	Flow-through, non-brokered	Tranche closed, 3 tranches	$4.5M	$0.175	Cupani Metals Corp. Announces Non-Brokered Private Placement to Fund Copper Exploration and Drilling
2024-08-07	Cupani Metals Corp. (CUPA)	Flow-through, LIFE offering, non-brokered	Closed, 1 tranche	$2.0M	$0.080	Capitalight Announces Private Placement – Director Takes Lead Order of $1 Million