Galway Metals Inc. (GWM) Financings
TSXV: GWM · Gold · Advanced Exploration stage
- Market cap$129.1M
- Share price$0.950
- 52-week range$0.410 – $1.18
- Shares outstanding135,874,780
- ExchangeTSXV
- Websitewww.galwaymetalsinc.com
Galway Metals is a Canadian mineral exploration and development company focused on advancing its 100%-owned, high-grade, open-pitable flagship Clarence Stream gold project in southwest New Brunswick. Clarence Stream is an emerging gold district with an exploration strike length of approximately 65 kilometres and the existing resource is open in virtually all directions. Galway Metals holds a 90% participating interest in the Estrades Project, a former producing high-grade, gold-rich polymetallic VMS mine in the northern Abitibi of western Quebec. Led by a management team with a proven track-record of creating shareholder value having sold Galway Resources for US$340 million, Galway Metals is focused on creating value for all its stakeholders.
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Galway Metals Inc. financial statements
Key figures read from 41 of 41 financial statement filings, Nov 29, 2016 to Aug 20, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$13,515,265 | C$7,009,394 | C$3,347,986 | C$5,836,618 | C$10,681,021 |
| Total current assets | C$13,700,397* | C$7,359,312* | C$3,825,358* | C$6,492,148* | C$11,597,903* |
| Total current liabilities | C$1,004,800 | C$1,648,186 | C$1,383,122 | C$1,473,258 | C$4,296,254 |
| Working capital | C$12,695,597 | C$5,711,126 | C$2,442,236 | C$5,018,890 | C$7,301,649 |
| Exploration and evaluation assets | C$11,500,617 | C$10,894,794 | C$9,077,997 | C$8,408,133 | C$7,757,552 |
| Property, plant and equipment | C$406,330 | C$189,119 | C$1,325,450 | C$1,327,522 | C$1,339,909 |
| Total assets | C$25,607,344 | C$18,443,225 | C$14,228,805 | C$16,227,803 | C$20,748,600 |
| Total liabilities | C$1,700,516 | C$2,300,042 | C$1,452,567 | C$1,604,828 | C$4,482,485 |
| Shareholders' equity | C$23,906,828 | C$16,143,183 | C$12,776,238 | C$14,622,975 | C$16,266,115 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$6,549,316 | C$4,532,914 | C$3,798,776 | C$11,273,365 | C$15,872,305 |
| General and administrative | C$1,672,440 | C$1,600,311 | C$2,744,881 | C$2,539,858 | C$2,320,060 |
| Share-based compensation | C$1,385,225 | C$361,731 | C$253,630 | C$208,215 | C$1,443,563 |
| Net income (loss) | (C$8,409,595) | (C$5,774,718) | (C$5,402,778) | (C$10,740,800) | (C$16,188,659) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Change in cash | C$6,505,868 | C$3,661,408 | (C$2,488,632) | (C$4,844,403) | (C$4,670,338) |
| Cash at end of period | C$13,515,262 | C$7,009,394 | C$3,347,986 | C$5,836,618 | C$10,681,021 |
Galway Metals Inc. financings
5 financings announced or closed by Galway Metals Inc., read by Mining News Terminal, newest first.