Geomega Resources Inc. (GMA) Financials
TSXV: GMA · REE · Exploration stage
- Market cap$33.4M
- Share price$0.200
- 52-week range$0.200 – $0.415
- Shares outstanding167,128,348
- ExchangeTSXV
- Websitewww.geomega.ca
Geomega develops technologies for the extraction, separation and recovery of rare earth elements and other critical metals from industrial and end-of-life feedstocks. The Corporation's technology platforms include rare earth magnet recycling, bauxite residue valorization and sulphide-tailings processing. Geomega's strategy is to progressively de-risk its technologies through laboratory, pilot and demonstration scale development and to pursue commercial deployment with industry participants in the relevant value chains. Across its technology platforms, Geomega seeks to recover valuable metals and recycle key process reagents, with the objective of reducing environmental impacts and supporting more circular materials supply chains. Geomega also owns the Montviel rare earth carbonatite deposit and holds more than 16.8M shares of Auriginal Mining Corp. (AUME.V), a mineral exploration company focused on copper and gold projects in Quebec, Canada.
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Geomega Resources Inc. financial statements
Key figures read from 40 of 41 financial statement filings, Oct 28, 2016 to Oct 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| May 2026 | May 2025 | May 2024 | May 2023 | May 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,194,277 | C$999,043 | C$2,051,333 | C$3,799,111 | C$5,084,902 |
| Total current assets | C$5,226,679* | C$3,172,364* | C$4,539,817* | C$5,511,636* | C$5,426,921* |
| Property, plant and equipment | C$4,443,617 | C$2,203,060 | C$753,674 | C$427,893 | C$100,532 |
| Total assets | C$11,732,596 | C$7,680,224 | C$7,918,277 | C$9,364,697 | C$7,511,744 |
| Debt | C$1,674,879 | C$1,950,959 | C$0 | C$76,809 | C$71,631 |
| Total liabilities | C$4,735,628 | C$5,966,752 | C$4,310,791 | C$4,086,599 | C$1,067,798 |
| Shareholders' equity | C$6,996,968 | C$1,713,472 | C$3,607,486 | C$5,278,098 | C$6,443,946 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | |
|---|---|---|---|---|---|
| Revenue | C$2,418,998 | — | — | C$598,470 | C$131,869 |
| Exploration and evaluation expense | C$204,138 | C$480,061 | C$459,835 | C$1,281,896 | C$622,847 |
| Share-based compensation | C$686,120 | C$722,050 | C$547,966 | C$281,910 | C$325,996 |
| Impairments and write-downs | — | C$7,828 | (C$346,893) | (C$316,363) | — |
| Net income (loss) | C$556,692 | (C$2,584,724) | C$0 | (C$1,400,872) | (C$1,442,774) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2026 | FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$342,341) | (C$2,187,286) | (C$1,215,229) | (C$437,605) | (C$828,810) |
| Investing cash flow | — | (C$840,887) | (C$593,912) | (C$853,376) | (C$105,007) |
| Financing cash flow | C$3,666,711 | C$1,975,883 | C$61,363 | C$5,191 | C$2,629,524 |
| Exploration spending (capitalized) | — | — | C$0 | (C$69,567) | — |
| Property, plant and equipment spending | — | (C$5,701,520) | (C$2,190,242) | — | — |
| Proceeds from share issues | — | — | — | C$0 | C$1,404,666 |
| Change in cash | C$195,234 | (C$1,052,290) | (C$1,747,778) | (C$1,285,791) | C$1,695,707 |
| Cash at end of period | C$1,194,277 | C$999,043 | C$2,051,333 | C$3,799,111 | C$5,084,902 |
No financings are on record for Geomega Resources Inc. yet.