Freeport Resources Inc. (FRI) Financings
TSXV: FRI · Copper, Gold, Molybdenum · Advanced Exploration stage
- Market cap$20.9M
- Share price$0.055
- 52-week range$0.025 – $0.125
- Shares outstanding379,745,352
- ExchangeTSXV
- Websitewww.freeportresources.com
Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the development of its 100%-owned Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering approximately 245.5 square kilometers.
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Freeport Resources Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Dec 9, 2016 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,918,656 | C$2,405,359 | C$633,464 | C$1,133,567 | C$1,435,246 |
| Exploration and evaluation assets | — | — | — | — | C$0 |
| Total assets | C$3,097,182 | C$2,606,020 | C$778,181 | C$1,277,902 | C$1,607,194 |
| Total liabilities | C$322,404 | C$123,367 | C$116,389 | C$684,570 | C$153,407 |
| Shareholders' equity | C$2,774,778 | C$2,482,653 | C$661,792 | C$593,332 | C$1,453,787 |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$680,890 | C$469,148 | C$375,131 | C$181,712 | — |
| General and administrative | C$1,346,641 | C$1,809,326 | C$1,285,476 | C$851,294 | C$799,499 |
| Share-based compensation | C$803,200 | C$1,040,800 | C$178,700 | C$0 | C$534,246 |
| Impairments and write-downs | — | — | C$0 | (C$40,614) | — |
| Net income (loss) | (C$3,652,343) | (C$4,233,957) | (C$2,287,501) | (C$1,493,202) | (C$6,468,763) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$2,788,450) | (C$3,298,481) | (C$2,688,668) | (C$852,903) | (C$1,439,459) |
| Investing cash flow | — | — | C$0 | (C$95,443) | (C$488,974) |
| Financing cash flow | C$33,869 | C$14,816 | C$2,188,565 | C$646,667 | C$194,300 |
| Exploration spending (capitalized) | — | — | C$0 | (C$95,443) | (C$556,029) |
| Proceeds from share issues | — | — | C$2,188,565 | — | C$0 |
| Change in cash | C$513,297 | C$1,771,895 | (C$500,103) | (C$301,679) | (C$1,734,133) |
| Cash at end of period | — | C$2,405,359 | C$633,464 | C$1,133,567 | C$1,435,246 |
Freeport Resources Inc. financings
1 financing announced or closed by Freeport Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-15 | Freeport Resources Inc. (FRI) | Private placement, non-brokered | Closed, 3 tranches | $3.5M | $0.030 | Freeport Resources Announces Private Placement |