Eloro Resources Ltd (ELO) Financings
TSX: ELO · Silver, Tin · Advanced Exploration stage
- Market cap$166.0M
- Share price$1.40
- 52-week range$1.15 – $3.42
- Shares outstanding118,542,607
- ExchangeTSX
- Websiteelororesources.com
Eloro Resources is a growth-focused exploration and development company dedicated to unlocking the full potential of its flagship Iska Iska Silver-Tin Polymetallic Project in Potosí, Bolivia. The company is listed on the Toronto Stock Exchange as ELO, on the OTCQX Markets as ELRRF, and on the Frankfurt Stock Exchange as P2QM. What began as an overlooked and underexplored property has, over the past several years, evolved into one of the most significant emerging discoveries in the Bolivian Tin Belt, driven by systematic exploration and technical innovation. Today, Iska Iska hosts a large and expanding inferred resource of approximately 1.25 billion ounces of silver equivalent, with meaningful exposure to silver, tin, zinc, and lead-critical metals for global electrification and infrastructure. The project remains open in multiple directions, with ongoing drilling continuing to expand higher-grade zones and improve overall resource confidence. Our mission is to responsibly advance a high-potential polymetallic asset while delivering long-term value to shareholders and meaningful benefits to local communities. We achieve this through disciplined, data-driven exploration, strong environmental and social governance practices, and strategic capital allocation. At the core of our success is a highly experienced management and technical team with deep expertise across exploration, engineering, and capital markets. Their collective track record enables Eloro to efficiently move from discovery toward development. Looking ahead over the next 6 to 12 months, our priorities are clear: to continue definition and step-out drilling to expand and upgrade high-grade zones, and to complete a Preliminary Economic Assessment (PEA) and Pre-Feasibility Study (PFS). These milestones are expected to significantly de-risk the project and outline a clearer path toward potential production. With strong fundamentals, a tier-one geological setting, and increasing exposure to critical metals, Eloro is well-positioned for the future. Eloro Resources...Discovering Scale. Delivering Critical Metals.
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Eloro Resources Ltd financial statements
Key figures read from 38 of 38 financial statement filings, Nov 29, 2016 to Aug 12, 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.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$24,863,699 | C$257,585 | C$3,416,489 | C$8,807,265 | C$9,437,277 |
| Short-term investments | C$391,393 | C$366,649 | C$638,915 | C$20,700 | C$17,250 |
| Total current assets | C$25,877,299* | C$1,208,549* | C$4,785,579* | C$10,085,349* | C$10,295,689* |
| Exploration and evaluation assets | C$66,055,578 | C$57,539,745 | C$53,817,093 | C$47,605,586 | C$27,138,256 |
| Total assets | C$96,806,863 | C$59,461,567 | C$59,360,295 | C$58,492,908 | C$37,895,488 |
| Shareholders' equity | C$95,161,145 | C$58,106,988 | C$56,912,612 | C$56,617,918 | C$36,657,897 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$1,255,778 | C$936,980 | C$1,179,007 | C$1,023,264 | C$654,178 |
| Share-based compensation | C$2,919,447 | C$373,958 | C$7,162,720 | C$4,474,118 | C$4,754,000 |
| Net income (loss) | (C$8,039,071) | (C$3,768,313) | (C$17,006,342) | (C$7,987,502) | (C$7,106,024) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$4,429,447)* | (C$1,869,270)* | (C$2,421,021)* | (C$3,813,678)* | (C$3,330,251)* |
| Investing cash flow | (C$12,889,066)* | (C$5,179,157)* | (C$13,055,996)* | (C$20,238,155)* | (C$17,389,922)* |
| Financing cash flow | C$41,834,899* | C$3,971,092* | C$9,868,522* | C$23,338,587* | C$1,827,573* |
| Exploration spending (capitalized) | (C$8,893,482) | (C$5,188,667) | (C$12,260,932) | (C$19,853,375) | (C$17,139,042) |
| Change in cash | C$24,516,386 | (C$3,077,335) | (C$5,608,495) | (C$713,246) | (C$18,892,600) |
| Cash at end of period | C$24,863,699 | C$257,585 | C$3,416,489 | C$8,807,265 | C$9,437,277 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Eloro Resources Ltd financings
2 financings announced or closed by Eloro Resources Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-25 | Eloro Resources Ltd (ELO) | LIFE offering, bought deal | Upsized | $15.0M | $2.60 | Eloro Resources Announces Upsize of Bought Deal LIFE Private Placement for Gross Proceeds of C$15 Million |
| 2025-09-04 | Eloro Resources Ltd (ELO) | LIFE offering, bought deal | Closed, 1 tranche | $14.0M | $1.15 | Eloro Resources Announces Closing of C$14.0 Million Bought Deal LIFE Private Placement |