Eureka Lithium Corp. (ERKA) Financings
CSE: ERKA · Lithium · Exploration stage
- Market cap$8.5M
- Share price$0.180
- 52-week range$0.170 – $0.560
- Shares outstanding47,288,374
- ExchangeCSE
- Properties7
- Websiteeurekalithiumcorp.com
Eureka Metals is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.
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Eureka Lithium Corp. financial statements
Key figures read from 4 of 4 financial statement filings, Aug 23, 2022 to Apr 5, 2024. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|
| Cash and equivalents | C$2,599,427 | C$173,547 | C$197,091 |
| Total current assets | C$3,882,966 | C$173,547 | C$197,091 |
| Exploration and evaluation assets | C$6,195,965 | C$62,500 | C$0 |
| Total assets | C$10,078,931 | C$236,047 | C$197,091 |
| Total liabilities | C$948,174 | C$68,226 | C$5,007 |
| Shareholders' equity | C$9,130,757 | C$167,821 | C$192,084 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|
| Exploration and evaluation expense | C$1,956,510 | C$105,720 | C$0 |
| General and administrative | C$359,035 | C$702 | C$16 |
| Share-based compensation | C$707,146 | C$8,241 | C$0 |
| Net income (loss) | (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 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|
| Operating cash flow | (C$6,440,950) | (C$114,150) | (C$9) |
| Investing cash flow | (C$1,263,465) | (C$62,500) | C$0 |
| Financing cash flow | C$10,130,295 | C$153,106 | C$197,100 |
| Exploration spending (capitalized) | — | (C$62,500) | C$0 |
| Proceeds from share issues | C$9,058,987 | (C$3,195) | C$197,100 |
| Change in cash | C$2,425,880 | (C$23,544) | C$197,091 |
| Cash at end of period | C$2,599,427 | C$173,547 | C$197,091 |
Eureka Lithium Corp. financings
1 financing announced or closed by Eureka Lithium Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-11 | Eureka Lithium Corp. (ERKA) | Flow-through, LIFE offering, non-brokered | Closed, 1 tranche | $6.3M | $0.420 | Eureka Lithium Corp Announces LIFE Offering and Concurrent Private Placements |
Eureka Lithium Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Eureka Lithium Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-07-14 | Loan, repaid / settled | — | C$99,450 | 0% |
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