Hercules Resources Corp. (HERC) Financings
CSE: HERC · Gold · Exploration stage
- Market cap$495K
- Share price$0.075
- 52-week range$0.060 – $0.290
- Shares outstanding6,594,825
- ExchangeCSE
- Properties3
- Websiteherculesresourcescorp.com
Hercules Resources Corp. is a mineral exploration company involved in the identification, acquisition and exploration of mineral properties located in Ecuador and around the Globe.
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Hercules Resources Corp. financial statements
Key figures read from 7 of 7 financial statement filings, Jan 30, 2023 to Feb 14, 2025. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|
| Cash and equivalents | C$19,189 | C$419,219 | C$212,331 | C$108,767 |
| Total current assets | — | C$466,268* | C$252,523* | C$110,511* |
| Total current liabilities | — | — | C$80,595 | C$34,500 |
| Working capital | — | — | C$171,928 | C$76,011 |
| Exploration and evaluation assets | C$0 | C$48,300 | — | — |
| Total assets | C$46,103 | C$514,568 | C$384,358 | C$179,026 |
| Shareholders' equity | (C$345,143) | C$463,013 | C$303,763 | C$144,526 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Jan 2021 | |
|---|---|---|---|---|
| General and administrative | C$278,513 | C$121,954 | C$35,542 | C$1,042 |
| Share-based compensation | C$242,651 | C$54,842 | — | — |
| Impairments and write-downs | (C$320,125) | (C$225,041) | — | — |
| Net income (loss) | (C$1,494,107) | (C$568,330) | — | — |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Jan 2021 | |
|---|---|---|---|---|
| Operating cash flow | (C$244,435) | (C$251,101) | (C$114,441) | (C$2,718) |
| Investing cash flow | — | (C$172,808) | (C$63,320) | (C$68,515) |
| Financing cash flow | — | C$630,797 | C$281,325 | C$180,000 |
| Exploration spending (capitalized) | — | (C$172,808) | — | — |
| Change in cash | (C$400,030) | C$206,888 | C$103,564 | C$108,767 |
| Cash at end of period | — | C$419,219 | C$212,331 | C$108,767 |
Hercules Resources Corp. financings
2 financings announced or closed by Hercules Resources Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-01-06 | Hercules Resources Corp. (HERC) | Debt | Announced | $60K | — | Hercules Enters into Loan Agreement |
| 2024-04-09 | Hercules Resources Corp. (HERC) | Private placement | Announced | $5.0M | — | Hercules Secures $5-million Equity Facility with Crescita |
Hercules Resources Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Hercules Resources Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-01-06 | Loan, signed | — | C$60,000 | 8% |
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