Fox Tungsten Ltd (FOXT) Financings
TSXV: FOXT · Tungsten, Molybdenum · Advanced Exploration stage
- Market cap$38.0M
- Share price$0.135
- 52-week range$0.115 – $0.250
- Shares outstanding281,180,500
- ExchangeTSXV
- Websitewww.foxtungsten.com
Fox Tungsten Ltd. is a Canadian critical minerals company focused on advancing its 100%-owned portfolio of tungsten and polymetallic projects in British Columbia. The Company's flagship Fox Tungsten Project hosts one of the highest-grade tungsten resources in the western world and is being advanced through resource expansion drilling, metallurgical studies, engineering and permitting activities. The Fox Tungsten Project is located approximately 75 kilometres northeast of 100 Mile House in south-central British Columbia and benefits from excellent infrastructure access. The property hosts a large-scale tungsten mineral system extending approximately 12 kilometres by 5 kilometres, with multiple high-grade zones occurring in a near-surface setting. The current NI 43-101 Mineral Resource Estimate includes 582,400 tonnes grading 0.826% WO ¿ (Indicated) and 565,000 tonnes grading 1.231% WO ¿ (Inferred). The Fox deposit remains open for expansion, with exploration targeting resource growth both laterally and at depth. The ongoing 20,000 metre drill program represents the largest exploration campaign in the Company's history and is designed to significantly expand the current Mineral Resource while supporting an updated Mineral Resource Estimate and Preliminary Economic Assessment ('PEA'), targeted for completion in the second quarter of 2027. In addition to Fox, the Company owns the Silverboss molybdenum-copper-gold-silver project, located adjacent to Glencore's former Boss Mountain molybdenum mine in British Columbia. Fox Tungsten is committed to responsible mineral resource development and building long-term, mutually beneficial relationships with Indigenous communities and local stakeholders in the territories where the Company operates.
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Fox Tungsten Ltd financial statements
Key figures read from 38 of 38 financial statement filings, May 31, 2017 to Sep 25, 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.
| Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,780,591 | C$267,603 | C$92,007 | C$33,019 | C$282,029 |
| Short-term investments | C$1,971,719 | C$234,789 | C$554 | C$554 | C$10,214 |
| Total current assets | C$4,902,590* | C$1,478,912 | C$109,498 | C$40,165 | C$360,521 |
| Total current liabilities | — | — | C$183,843 | C$280,014 | C$70,942 |
| Working capital | — | — | (C$74,345) | (C$239,849) | C$289,579 |
| Exploration and evaluation assets | C$11,060,617 | C$9,350,767 | C$18,240,962 | C$18,508,255 | C$18,326,958 |
| Property, plant and equipment | — | — | C$0 | C$2,900 | C$5,256 |
| Total assets | C$19,721,967 | C$14,211,776 | C$18,475,460 | C$18,651,320 | C$18,805,596 |
| Total liabilities | C$956,289 | C$254,628 | C$1,094,974 | C$1,389,098 | C$1,251,081 |
| Shareholders' equity | C$18,765,678 | C$13,957,148 | C$17,380,486 | C$17,262,222 | C$17,554,515 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jan 2026 | FY Jan 2025 | FY Jan 2024 | FY Jan 2023 | FY Jan 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$396,184 | C$236,272 | C$226,032 | C$358,583 | C$437,745 |
| Share-based compensation | C$748,379 | C$110,100 | C$127,050 | C$16,665 | C$310,750 |
| Net income (loss) | (C$891,929) | (C$4,018,251) | (C$637,297) | (C$346,301) | (C$845,010) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jan 2026 | FY Jan 2025 | FY Jan 2024 | FY Jan 2023 | FY Jan 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$700,862) | — | (C$341,298)* | (C$188,462)* | (C$457,739)* |
| Investing cash flow | (C$1,691,300) | — | (C$228,225)* | (C$69,221)* | (C$944,019)* |
| Financing cash flow | C$3,905,150 | — | C$628,511* | C$8,673* | C$63,834* |
| Exploration spending (capitalized) | (C$1,695,300) | — | (C$213,225) | (C$76,224) | (C$941,019) |
| Proceeds from share issues | C$3,548,400 | — | — | — | — |
| Change in cash | C$1,512,988 | C$175,596 | C$58,988 | (C$249,010) | (C$1,337,924) |
| Cash at end of period | C$1,780,591 | C$267,603 | C$92,007 | C$33,019 | C$282,029 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Fox Tungsten Ltd financings
3 financings announced or closed by Fox Tungsten Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-24 | Fox Tungsten Ltd (FOXT) | Flow-through, private placement, bought deal | Closed, 1 tranche | $12.7M | $0.165 | Fox Tungsten Announces Bought Deal Private Placement for Gross Proceeds of C$11M |
| 2024-08-20 | Fox Tungsten Ltd (FOXT) | Private placement, non-brokered | Closed, 2 tranches | $500K | $0.050 | Happy Creek Announces Private Placement |
| 2023-10-23 | Fox Tungsten Ltd (FOXT) | Private placement | Amended | — | — | Happy Creek Minerals Ltd. Correction to Finder’s Fee for Private Placement Financing |