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Eureka Lithium Corp. (ERKA) Financials

CSE: ERKA · Lithium · Exploration stage

Eureka Metals is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

Eureka Lithium Corp. financial statements

Key figures read from 7 of 7 financial statement filings, Aug 23, 2022 to Aug 31, 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 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$455,716C$41,764C$2,599,427C$173,547C$197,091
Total current assetsC$476,398C$141,249C$3,882,966C$173,547C$197,091
Exploration and evaluation assetsC$0C$5,848,485C$6,195,965C$62,500C$0
Total assetsC$476,398C$5,989,734C$10,078,931C$236,047C$197,091
Total liabilitiesC$84,670C$340,726C$948,174C$68,226C$5,007
Shareholders' equityC$391,728C$5,649,008C$9,130,757C$167,821C$192,084

Income statement: annual key figures

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

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expenseC$194,533C$2,883,918C$1,956,510C$105,720C$0
General and administrativeC$145,660C$248,949C$359,035C$702C$16
Share-based compensationC$0C$92,887C$707,146C$8,241C$0
Net income (loss)(C$6,396,127)(C$4,373,400)(C$6,060,496)(C$189,610)(C$5,016)

Cash flow statement: annual key figures

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

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$453,706)(C$3,390,119)(C$6,440,950)(C$114,150)(C$9)
Investing cash flowC$0(C$20)(C$1,263,465)(C$62,500)C$0
Financing cash flowC$867,658C$832,476C$10,130,295C$153,106C$197,100
Exploration spending (capitalized)———(C$62,500)C$0
Proceeds from share issuesC$792,558C$832,476C$9,058,987(C$3,195)C$197,100
Change in cashC$413,952(C$2,557,663)C$2,425,880(C$23,544)C$197,091
Cash at end of periodC$455,716C$41,764C$2,599,427C$173,547C$197,091

Eureka Lithium Corp. financings

5 financings announced or closed by Eureka Lithium Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-03-11Eureka Lithium Corp. (ERKA)Flow-through, LIFE offering, non-brokeredClosed, 1 tranche$6.3M$0.420Eureka Lithium Corp Announces LIFE Offering and Concurrent Private Placements
2025-06-24Eureka Lithium Corp. (ERKA)Private placement, non-brokeredClosed, 1 tranche$825K$0.083Eureka Lithium Corp Announces Private Placement Financing
2025-04-17Eureka Lithium Corp. (ERKA)Private placement, non-brokeredAnnounced$400K$0.083Eureka Announces Private Placement Offering
2024-11-29Eureka Lithium Corp. (ERKA)LIFE offering, non-brokeredClosed, 2 tranches$400K$0.150Eureka Lithium Corp Announces LIFE Financing
2024-08-14Eureka Lithium Corp. (ERKA)LIFE offering, non-brokeredClosed, 1 tranche$1.3M$0.150Eureka Lithium Corp Announces LIFE Financing

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