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New Energy Metals Corp. (ENRG) Financings

TSXV: ENRG · Lithium · Exploration stage

New Energy is a Canadian-based resource company. The Company has an option to purchase a 100% interest in the Atikokan lithium Project which comprises 3,788 hectares and is located approximately 12 km east of Atikokan, Ontario. The claims straddle the contact between a peraluminous S-type muscovite-bearing granite and metasediments within the Quetico subprovince. The Company also has an option to purchase a 100% interest in the Roslyn lithium property, covering 5,100 hectares located 20 km southeast of the Georgia Lake pegmatite field and 35 km southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tons) grading 0.88% lithium oxide and an inferred mineral resource of 4.2 Mt grading 1.0% Li2O. The Company also has an option to purchase a 100% interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.

New Energy Metals Corp. financial statements

Key figures read from 35 of 35 financial statement filings, Nov 29, 2017 to Sep 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.

Jun 2026Jun 2025Jun 2024Jun 2023Jun 2022
Cash and equivalentsC$97,443C$13,709C$70,113C$395,118—
Short-term investments————C$0
Total current assets——C$103,448*C$525,261*—
Exploration and evaluation assets—C$0C$194,500C$841,100—
Total assetsC$124,031C$63,885C$297,948C$1,366,361C$6,547
Debt———C$0—
Shareholders' equity(C$218,326)(C$227,261)C$83,468C$1,204,724(C$444,270)

* 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 Jun 2026FY Jun 2025FY Jun 2024FY Jun 2023FY Jun 2022
Exploration and evaluation expenseC$0C$16,731C$48,512C$137,311—
General and administrativeC$67,157C$87,082C$290,986C$269,077C$22,995
Share-based compensationC$54,770C$23,454C$80,913C$294,331—
Impairments and write-downs———C$0C$1,500
Net income (loss)(C$208,375)(C$404,013)(C$1,308,504)(C$1,001,038)C$167,697

Cash flow statement: annual key figures

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

FY Jun 2026FY Jun 2025FY Jun 2024FY Jun 2023FY Jun 2022
Operating cash flow—(C$200,234)*—(C$984,886)*(C$89,557)
Investing cash flow———(C$125,000)*—
Financing cash flow———C$1,500,106*—
Exploration spending (capitalized)———(C$125,000)—
Proceeds from share issues———C$1,639,600—
Change in cash—(C$56,404)(C$325,005)C$390,220(C$67,797)
Cash at end of periodC$97,443C$13,709C$70,113C$395,118C$4,898

* Calculated from the statement's own lines: the company did not print this total with a label.

New Energy Metals Corp. financings

4 financings announced or closed by New Energy Metals Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-05-20New Energy Metals Corp. (ENRG)Private placement, non-brokeredClosed, 1 tranche$125K$0.125New Energy Metals Announces Non-Brokered Private Placement
2025-08-08New Energy Metals Corp. (ENRG)Private placement, non-brokeredClosed, 1 tranche$50K$0.180New Energy Closes Non-Brokered Private Placement
2024-10-18New Energy Metals Corp. (ENRG)Private placement, non-brokeredTerminated$1.0M$0.350New Energy Announces Private Placement with Strategic Investors
2024-06-05New Energy Metals Corp. (ENRG)Private placement, non-brokeredClosed, 1 tranche$100K$0.100New Energy Announces New Chief Executive Officer & Director and Private Placement

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