FNX Inc. (FNX) Financings
CSE: FNX · Gold · Exploration stage
- Market cap$8.1M
- Share price$0.330
- 52-week range$0.100 – $0.430
- Shares outstanding24,402,153
- ExchangeCSE
- Properties5
- Websitefnxminerals.com
FNX Inc. is a Canadian mineral exploration company and holds the Sandy Lake project in Ontario. The Sandy Lake project comprises approximately 167,000 acres of contiguous mineral claims in the Sandy Lake Archean Greenstone Belt, located approximately 140 miles north of Red Lake, Ontario. FNX specifically holds a 100% interest in the mineral rights to approximately 137,000 acres, and holds a 50.1% interest in the approximately 15,000 acres of the “Weebigee Joint Venture” claims and a 50% interest in a further 15,000 acres of the Southern Block claims in joint ventures with Goldeye Explorations Limited, now part of Treasury Metals Inc. It is expected that over time, FNX may add new Canadian-focused exploration stage projects to its portfolio.
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FNX Inc. financial statements
Key figures read from 18 of 18 financial statement filings, Sep 28, 2021 to Sep 11, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$148,948 | C$12,758 | C$367,791 | C$999,880 | C$1,814,481 |
| Short-term investments | C$10,000 | C$10,000 | C$10,000 | C$10,000 | C$10,000 |
| Total current assets | C$163,925 | C$30,733 | C$382,520 | C$1,020,560 | — |
| Total current liabilities | C$36,598 | C$72,141 | C$30,764 | C$181,628 | C$227,289 |
| Working capital | C$127,327 | (C$41,408) | C$351,756 | C$838,932 | — |
| Total assets | C$306,322 | C$195,630 | C$569,917 | C$1,230,457 | C$1,837,786 |
| Total liabilities | C$36,598 | C$72,141 | C$30,764 | C$181,628 | C$227,289 |
| Shareholders' equity | C$269,724 | C$123,489 | C$539,153 | C$1,048,829 | C$1,610,497 |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$54,327 | C$51,105 | C$191,297 | C$280,141 | C$474,719 |
| General and administrative | C$40,344 | C$47,522 | C$22,680 | C$37,801 | C$16,062 |
| Share-based compensation | — | — | — | C$4,656 | C$12,314 |
| Net income (loss) | (C$437,144) | (C$415,664) | (C$512,926) | (C$650,021) | (C$751,256) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$447,189) | (C$355,033) | (C$632,089) | (C$589,601) | (C$782,862) |
| Investing cash flow | — | — | — | (C$225,000) | (C$10,000) |
| Financing cash flow | C$583,379 | — | — | — | C$1,412,562 |
| Proceeds from share issues | — | — | — | — | C$1,440,000 |
| Change in cash | C$136,190 | (C$355,033) | (C$632,089) | (C$814,601) | C$619,700 |
| Cash at end of period | C$148,948 | C$12,758 | C$367,791 | C$999,880 | C$1,814,481 |
FNX Inc. financings
1 financing announced or closed by FNX Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-06-05 | FNX Inc. (FNX) | Private placement, non-brokered | Closed, 1 tranche | $596K | $0.120 | S2 Minerals Announces Private Placement Financing |
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