Gemdale Gold Inc. (GEMG) Financings
TSXV: GEMG · Gold, Copper, PGM · Exploration stage
- Market cap$30.6M
- Share price$1.43
- 52-week range$1.15 – $2.24
- Shares outstanding21,403,722
- ExchangeTSXV
- Websitewww.gemdalegold.com
Gemdale Gold Inc. owns a portfolio of highly prospective exploration licenses in Finland and is focused on making significant new gold and critical metal discoveries on these properties. The Company has been active in Finland since 2018. The Company's 100% owned projects include: Pontio Gold Project (western-central Finland ): Historical and recent drilling has outlined near-surface gold mineralisation along a multi-kilometre trend that remains open along strike and at depth. The Company started an infill and extension drill program in February 2026, and, based on this program, plans to deliver a maiden mineral resource estimate in early 2027. Isoneva (western-central Finland ): Exploration stage gold project located proximal to extensive boulder train anomalies. The property is subject to an option agreement (the ' Isoneva Option ') with Nordique Resources Inc. (' Nordique ') pursuant to which Nordique may earn a 100% interest by, among other things, funding exploration expenditures over a three-year period and making additional financial commitments to the Company. For more information on the Isoneva Option, please see the Company's final long form prospectus dated January 30, 2026, under the heading 'Business of the Corporation - January 1, 2025, to the date hereof'. Lapland Projects (northern Finland ): A group of exploration permits and applications located within a recognized gold and base-metal exploration region, in proximity to several recent regional discoveries, including Rupert Resources' Ikkari gold project. Nuotti (western-central Finland ): Copper-nickel-platinum-palladium exploration license where limited historical government drilling indicates the presence of near-surface copper-PGM mineralisation. Savo / Rantasalmi (southeastern Finland ): Exploration license application area containing a historical NI 43-101 Inferred resource estimate prepared by a prior operator of 3.23 million tonnes grading 2.7 g/t gold for approximately 276,000 ounces of gold. Bearing an effective date of November 9, 2018, Rupert Resources Ltd. filed on SEDAR a Mineral Resource Estimate completed by Brian Wolfe (Qualified Person) of International Resource Solution Pty Ltd. and titled 'NI 43-101 Technical Report: Osikönmaki Gold project, Finland '. No new data subsequent to an earlier 2011 estimate was included in this study. This study used Multiple Indicator Kriging (MIK) for the estimation of grade into the block model. This study assumed a combined open pit and underground mining operation, recoveries of 85-90% and a gold price of EUR 1,200 /oz (current gold price ~ EUR 4240 /oz). The use of MIK as an estimation method, along with the requirements of a greater degree of confidence in the geological continuity for underground mining, were given as the reasons for the assigned lower resource category of Inferred Resources compared to the prior resource estimate in 2011. The Resource Estimate was reported at a cut-off grade of 1.5 g/t Au. Osikonmäki Mineral Resource Estimate for Rupert Resources Ltd, 9 Nov 2018 Year Cut-off Au g/t Classification Tonnes Au (g/t) Au oz 2018 1.5 Inferred 3,230,000 2.7 276,000 The Company is not aware of any further drilling or sampling being conducted on the property since this historical estimate was completed. Gemdale Gold Inc is not treating this historical estimate as a current resource estimate. Neither Gemdale Gold Inc nor a Qualified Person has done sufficient work to classify the historical estimate as a current Mineral Resource Estimate. The Company believes this historical estimate is relevant and reliable in providing insight into the potential mineral resources for the project based on historical drilling completed to date. Gemdale believes that further drilling is not required, but that it is necessary for a Qualified Person to review the assumptions and methodology used for the estimation, to verify or upgrade these historical resources to a current Mineral Resource Estimate.
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Gemdale Gold Inc. financial statements
Key figures read from 3 of 3 financial statement filings, Apr 30, 2026 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | |
|---|---|---|
| Total current assets | $2,796,261 | $133,578 |
| Total current liabilities | $3,198,701 | $266,533 |
| Working capital | ($402,440) | ($132,955) |
| Property, plant and equipment | $9,524 | $14,144 |
| Total assets | $2,833,799 | $165,236 |
| Total liabilities | $3,328,977 | $266,533 |
| Shareholders' equity | ($495,178) | ($101,297) |
Income statement: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Exploration and evaluation expense | $366,141 | $192,305 |
| General and administrative | $143,654 | $26,668 |
| Share-based compensation | — | $4,975 |
| Net income (loss) | ($962,200) | ($530,922) |
Cash flow statement: annual key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Operating cash flow | ($586,209) | ($431,918) |
| Financing cash flow | $590,102 | $246,961 |
| Cash at end of period | $59,164 | $55,271 |
Gemdale Gold Inc. financings
1 financing announced or closed by Gemdale Gold Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-13 | Gemdale Gold Inc. (GEMG) | Private placement, non-brokered | Closed, 1 tranche | $2.4M | $1.20 | On Friday 02 13, 2026 at 11:17AM ET Eldorado Gold Closes $2.4 Million Strategic Investment in Gemdale Gold |