Grit Metals Corp (FIN) Financings
TSXV: FIN · Lithium, Caesium, Tantalum · Exploration stage
- Market cap$5.3M
- Share price$0.080
- 52-week range$0.030 – $0.220
- Shares outstanding66,288,815
- ExchangeTSXV
- Websitegrit-metals.com
Grit Metals Corp. is a junior exploration company focused on lithium-cesium-tantalum pegmatites in central Finland. The Company's exploration properties are located within 1 km of Keliber's integrated lithium mine and production complex, a project developed by Sibanye-Stillwater Limited in partnership with Finnish Minerals Group. Keliber represents approximately ¿783 million of capital invested to complete construction, with a further ¿200 million shareholder financing package agreed to support staged ramp-up. The project comprises mining areas, the Päiväneva spodumene concentrator and a lithium hydroxide refinery at Kokkola, forming an integrated hard-rock lithium supply chain in the region. (Sources: www.sibanyestillwater.com and www.mineralsgroup.fi ).
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Grit Metals Corp financial statements
Key figures read from 19 of 20 financial statement filings, Nov 15, 2021 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| May 2026 | May 2025 | May 2024 | May 2023 | May 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$437,113 | C$1,086,317 | C$1,742,720 | C$892,711 | C$576,344 |
| Total current assets | C$682,383* | C$1,148,103* | C$1,819,151* | C$1,048,375* | C$579,473* |
| Exploration and evaluation assets | C$4,865,417 | C$3,646,163 | C$2,960,155 | C$461,231 | C$236,231 |
| Total assets | C$5,547,800 | C$4,794,266 | C$4,779,306 | C$1,509,606 | C$815,704 |
| Shareholders' equity | C$5,033,474 | C$4,717,260 | C$4,537,832 | C$1,350,703 | C$737,035 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$57,203 | C$95,346 | C$350,345 | C$238,860 | C$157,132 |
| Share-based compensation | C$183,303 | C$231,228 | C$490,090 | C$90,477 | C$74,105 |
| Net income (loss) | (C$966,043) | (C$2,011,239) | (C$2,211,569) | (C$593,480) | (C$432,151) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$757,452) | (C$861,743) | (C$1,589,655) | (C$575,304) | (C$282,506) |
| Financing cash flow | C$953,121 | — | — | — | — |
| Change in cash | (C$649,204) | (C$656,403) | C$850,009 | C$316,367 | C$576,343 |
| Cash at end of period | C$437,113 | C$1,086,317 | C$1,742,720 | C$892,711 | C$576,344 |
Grit Metals Corp financings
1 financing announced or closed by Grit Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-08 | Grit Metals Corp (FIN) | Private placement, non-brokered | Closed, 1 tranche | $1.0M | $0.100 | Grit Metals Corp. Announces Non-Brokered Private Placement |