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GT Resources Inc (GT) Financings

TSXV: GT · PGM · Advanced Exploration stage

GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) is a mineral exploration company focused on the discovery and de-risking of district-scale assets in top tier mining jurisdictions. The Company's strategy is driven by a disciplined, science-based methodology designed to create shareholder value by advancing high-potential properties toward production within robust regulatory frameworks. In Finland, the Company is advancing its flagship Läntinen Koillismaa ('LK') Project, which hosts significant mineral resources including palladium, platinum, gold, copper, and nickel. In Canada, GT maintains a portfolio of earlier-stage, pre-resource projects targeting critical and precious metals. The quality and scale of the Company's project portfolio has attracted strategic investment from Glencore plc, one of the world's largest diversified natural resource companies.

GT Resources Inc financial statements

Key figures read from 39 of 39 financial statement filings, Nov 29, 2016 to Aug 19, 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.

Dec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$7,504,507C$9,128,391C$10,669,641C$11,388,062C$15,060,023
Short-term investmentsC$21,785C$52,000C$52,000——
Total current assetsC$7,632,908*C$9,311,654C$11,206,493C$12,023,085C$15,690,394
Property, plant and equipment———C$0C$2,696
Total assetsC$7,682,597C$9,384,837C$11,237,942C$12,054,174C$15,724,032
Total liabilities—C$246,401C$534,917C$3,069,461C$2,009,877
Shareholders' equity—C$9,138,436C$10,703,025C$8,984,713C$13,714,155

* 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 Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expenseC$246,312C$2,510,748C$8,355,143C$7,557,593C$8,851,021
General and administrativeC$1,225,092C$981,160C$1,095,535C$1,171,756C$1,138,769
Share-based compensationC$223,568C$367,189C$302,088C$464,371C$444,102
Net income (loss)—(C$2,841,965)(C$7,996,396)(C$8,009,886)C$507,885

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$1,685,884)(C$3,332,956)(C$7,096,956)(C$8,270,113)(C$11,527,177)
Investing cash flowC$62,000C$0C$1,537,936C$0(C$33,991)
Financing cash flowC$0C$1,791,706C$4,840,599C$4,598,152C$19,389,628
Change in cash(C$1,623,884)(C$1,541,250)(C$718,421)(C$3,671,961)C$7,828,460
Cash at end of periodC$7,504,507C$9,128,391C$10,669,641C$11,388,062C$15,060,023

GT Resources Inc financings

1 financing announced or closed by GT Resources Inc, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2024-05-15GT Resources Inc (GT)Flow-through, non-brokeredClosed, 1 tranche$1.8M$0.069GT Resources Announces a $1.8 Million Flow- Through Non-Brokered Private Placement to Fund Drilling at the Canalask Nickel-Copper Project

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