Fredonia Mining Inc (FRED) Financings
TSXV: FRED · Gold, Silver · Advanced Exploration stage
- Market cap$53.9M
- Share price$0.650
- 52-week range$0.310 – $1.05
- Shares outstanding82,981,201
- ExchangeTSXV
Fredonia holds gold and silver license areas totaling approximately 64,000 ha in the prolific Deseado Massif geological region in the Province of Santa Cruz, Argentina, including its flagship advanced EDM project (approximately 33,500 ha) located close to AngloGold Ashanti's Cerro Vanguardia gold-silver mine (which produced approximately 180,000 ounces of gold during the twelve months ended June 30, 2026 * ), the El aguila project (approximately 9,100 ha), and the Hornia project (approximately 21,500 ha).
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Fredonia Mining Inc financial statements
Key figures read from 39 of 39 financial statement filings, Jan 24, 2017 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$147,888 | US$887,487 | US$262,921 | US$2,632,609 | US$3,351,439 |
| Total current assets | US$354,106 | US$1,191,758 | US$418,938 | US$2,775,697 | US$3,562,837 |
| Property, plant and equipment | US$4,806 | US$4,962 | US$5,394 | US$5,430 | US$2,318 |
| Total assets | US$358,912 | US$1,196,720 | US$424,332 | US$8,640,338 | US$3,565,155 |
| Debt | — | — | US$0 | US$0 | US$13,300 |
| Total liabilities | US$966,492 | US$1,099,531 | US$571,644 | US$454,040 | US$1,280,048 |
| Shareholders' equity | — | US$97,189 | — | US$8,186,298 | — |
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$459,893) | (US$431,305) | (US$2,638,447) | — | — |
| General and administrative | (US$76,834) | (US$85,531) | (US$78,199) | (US$91,245) | (US$116,759) |
| Share-based compensation | (US$493,746) | US$0 | (US$197,337) | (US$15,269) | (US$948,026) |
| Net income (loss) | (US$1,180,148) | (US$1,125,406) | (US$2,677,836) | US$763,305 | (US$3,122,411) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$859,233) | (US$742,092) | (US$2,259,445) | US$414,738 | (US$987,106) |
| Investing cash flow | US$0 | US$0 | (US$704) | (US$4,114,570) | (US$346,344) |
| Financing cash flow | US$129,639 | US$1,392,597 | US$0 | US$2,943,463 | US$4,676,928 |
| Exploration spending (capitalized) | — | — | — | (US$4,110,514) | (US$344,026) |
| Property, plant and equipment spending | US$0 | US$0 | (US$704) | (US$4,056) | (US$2,318) |
| Change in cash | (US$729,594) | US$650,505 | (US$2,260,149) | (US$756,369) | US$3,343,478 |
| Cash at end of period | US$147,888 | US$887,487 | US$262,921 | US$2,632,609 | US$3,351,439 |
Fredonia Mining Inc financings
3 financings announced or closed by Fredonia Mining Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-14 | Fredonia Mining Inc (FRED) | LIFE offering, bought deal | Closed, 1 tranche | $11.5M | $0.650 | Fredonia Announces C$10 Million Bought Deal Private Placement |
| 2024-09-18 | Fredonia Mining Inc (FRED) | Private placement, non-brokered | Closed, 1 tranche | $1.0M | $0.030 | Fredonia Mining Inc. Announces Private Placement Financing and Intention to Consolidate Outstanding Shares |
| 2024-01-15 | Fredonia Mining Inc (FRED) | Private placement, non-brokered | Closed, 1 tranche | $900K | $0.050 | Fredonia Mining Inc. Announces Private Placement Financing |