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Element79 Gold Corp. (ELEM) Financings

CSE: ELEM · Gold, Silver · Development stage

Element79 Gold Corp is a mining company focused on gold, silver and associated metals and committed to maximizing shareholder value through responsible mining practices and sustainable development of its projects. Element79 Gold Corp's goal is to support global demand for gold and silver by developing a premier mining company, creating value for shareholders  by balancing resource development in Nevada and Peru and bringing production online at its Peruvian past-producing mine in the near term.

Element79 Gold Corp. financial statements

Key figures read from 19 of 19 financial statement filings, Apr 28, 2022 to Jul 27, 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.

Aug 2025Aug 2024Aug 2023Aug 2022Aug 2021
Cash and equivalentsC$192,038C$3,216C$8,890C$5,021C$302,234
Total current assetsC$953,498C$793,662C$3,266,132C$120,755C$566,066
Total current liabilitiesC$3,142,070C$2,689,689C$6,376,871C$4,507,528C$412,655
Working capital(C$2,188,572)(C$1,896,027)(C$3,110,739)(C$4,386,773)C$153,411
Exploration and evaluation assetsC$4,835,384C$12,409,973C$13,357,020C$26,091,770C$89,750
Total assetsC$7,044,320C$15,325,816C$19,088,324C$26,952,976C$1,014,540
DebtC$321,490C$227,462C$5,220,299C$2,518,082C$0
Total liabilitiesC$4,928,563C$4,214,489C$10,591,607C$9,930,108C$412,655
Shareholders' equityC$2,045,461C$11,081,229C$8,496,717C$17,022,868C$601,885

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Aug 2025FY Aug 2024FY Aug 2023FY Aug 2022FY Aug 2021
Exploration and evaluation expense——C$71,207C$1,525,260C$0
General and administrativeC$1,343,001C$1,810,990C$2,021,914C$1,218,652C$64,380
Share-based compensationC$792,389C$0C$63,462C$551,020C$148,263
Impairments and write-downsC$0(C$1,305,825)C$0——
Net income (loss)(C$16,268,682)(C$4,409,358)(C$14,335,291)(C$4,957,060)(C$625,706)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Aug 2025FY Aug 2024FY Aug 2023FY Aug 2022FY Aug 2021
Operating cash flow(C$1,538,446)(C$2,485,914)(C$708,572)(C$2,977,554)(C$321,470)
Investing cash flowC$783,999C$1,561,840(C$1,034,398)(C$2,753,495)(C$55,809)
Financing cash flowC$943,269C$918,400C$1,834,500C$5,170,000C$613,256
Exploration spending (capitalized)(C$506,990)(C$420,196)(C$630,998)(C$2,478,441)(C$55,809)
Proceeds from share issuesC$328,900C$1,687,735C$0C$1,000,000C$617,132
Change in cashC$188,822(C$5,674)C$91,530(C$297,213)C$235,977
Cash at end of periodC$192,038C$3,216C$8,890C$5,021C$302,234

Element79 Gold Corp. financings

1 financing announced or closed by Element79 Gold Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-06-12Element79 Gold Corp. (ELEM)Private placement, non-brokeredAnnounced$1.0M$0.018Element79 Gold Announces Non-Brokered Private Placement of up to C$1,000,000

Element79 Gold Corp. debt and credit facilities

Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Element79 Gold Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.

DateDebtLenderAmountTerms
2024-03-14Loan, repaid / settled—C$3.76M—
2023-11-17Loan, repaid / settledTellus LLCC$2M—
2022-09-16Loan, repaid / settled—C$191,167—

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