Freegold Ventures Limited (FVL) Financings
TSX: FVL · Gold · Advanced Exploration stage
- Market cap$527.0M
- Share price$0.910
- 52-week range$0.885 – $1.92
- Shares outstanding579,105,718
- ExchangeTSX
- Websitefreegoldlimited.com
Freegold is a TSX-listed company focused on gold exploration in Alaska. Its primary focus is the Golden Summit Project. As of July 2025, Golden Summit resources include an Indicated Primary Mineral Resource of 17.2 million ounces at 1.24 g/t Au and an Inferred Primary Mineral Resource of 11.9 million ounces at 14 g/t Au, using a 0.5 g/t cut-off grade and a gold price of $2, 490. During 2025, an additional 63 holes (39, 000m) were drilled, of which the results for 75% have now been reported. Building on the 2025 program, the 2026 drill program will continue to focus on tightening drill spacing to support an enhanced resource estimate ahead of the pre-feasibility study (PFS). In addition, geotechnical drilling and supplementary metallurgical test holes are planned.
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Freegold Ventures Limited financial statements
Key figures read from 41 of 41 financial statement filings, Nov 10, 2016 to Aug 14, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$18,880,180 | US$3,453,089 | US$2,019,583 | US$693,235 | US$13,832,580 |
| Total current assets | US$19,105,121* | US$3,605,072* | US$2,209,873* | US$806,782* | US$14,244,746* |
| Exploration and evaluation assets | US$111,124,000 | US$99,239,052 | US$87,657,666 | US$76,033,939 | US$59,591,516 |
| Property, plant and equipment | US$452,633 | US$370,223 | US$394,680 | US$427,907 | US$421,432 |
| Total assets | US$130,717,372 | US$103,281,015 | US$90,361,099 | US$77,400,293 | US$74,423,239 |
| Shareholders' equity | US$129,687,823 | US$102,609,559 | US$89,703,120 | US$76,473,427 | US$73,494,490 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | (US$1,226,270) | (US$1,293,583) | (US$3,300,930) | (US$934,355) | (US$2,314,360) |
| Share-based compensation | US$0 | US$141,183 | US$2,181,610 | US$0 | US$1,537,440 |
| Impairments and write-downs | (US$6,558,160) | — | — | — | — |
| Net income (loss) | (US$7,344,002) | (US$1,089,507) | (US$3,097,120) | (US$802,960) | (US$2,207,119) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$825,476)* | (US$798,424)* | (US$907,293)* | (US$803,387)* | (US$647,007)* |
| Investing cash flow | (US$18,135,378)* | (US$11,580,278)* | (US$11,878,590)* | (US$16,238,326)* | (US$15,959,939)* |
| Financing cash flow | US$33,804,925* | US$14,240,780* | US$14,167,659* | US$4,179,518* | US$469,702* |
| Exploration spending (capitalized) | (US$18,016,947) | (US$11,580,278) | (US$11,878,590) | (US$16,461,607) | (US$20,851,467) |
| Property, plant and equipment spending | — | — | US$0 | (US$76,231) | (US$95,612) |
| Proceeds from share issues | (US$2,040,360) | (US$643,064) | (US$1,189,142) | US$0 | (US$105,488) |
| Change in cash | US$15,427,091 | US$1,433,506 | US$1,326,348 | (US$13,139,345) | (US$15,820,228) |
| Cash at end of period | US$18,880,180 | US$3,453,089 | US$2,019,583 | US$693,235 | US$13,832,580 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Freegold Ventures Limited financings
1 financing announced or closed by Freegold Ventures Limited, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-19 | Freegold Ventures Limited (FVL) | LIFE offering, brokered | Closed, 1 tranche | $50.0M | $1.30 | FREEGOLD TSX:FVL OTCQX: FGOVF Freegold Ventures Limited Announces Upsized Brokered Private Placement Financing from $30 Million to Up to $50 Million |