26 Metals Inc. (IRON) Financings
CSE: IRON · Unspecified · Exploration stage
- Market cap$19.0M
- Share price$0.405
- 52-week range$0.010 – $0.680
- Shares outstanding46,868,209
- ExchangeCSE
- Websiteboltmetals.com
26 Metals Inc. is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential.
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26 Metals Inc. financial statements
Key figures read from 1 of 1 financial statement filing, Apr 24, 2020 to Apr 24, 2020. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2019 | Dec 2018 | |
|---|---|---|
| Cash and equivalents | C$202,730 | C$1,481,206 |
| Total current assets | C$286,210* | C$1,599,760* |
| Exploration and evaluation assets | C$741,948 | C$768,380 |
| Property, plant and equipment | C$47,098 | C$66,606 |
| Total assets | C$1,089,978 | C$2,434,746 |
| Shareholders' equity | C$268,703 | C$1,706,080 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2019 | FY Dec 2018 | |
|---|---|---|
| Exploration and evaluation expense | C$931,660 | C$500,329 |
| General and administrative | C$1,045,694 | C$1,420,176 |
| Share-based compensation | C$25,787 | C$553,807 |
| Net income (loss) | (C$2,978,043) | (C$5,847,234) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2019 | FY Dec 2018 | |
|---|---|---|
| Operating cash flow | (C$2,560,955) | (C$4,794,076) |
| Investing cash flow | (C$158,355) | (C$164,198) |
| Financing cash flow | C$1,440,834 | C$1,552,282 |
| Exploration spending (capitalized) | (C$2,500) | C$0 |
| Proceeds from share issues | C$1,265,000 | C$709,577 |
| Change in cash | (C$1,278,476) | (C$3,405,992) |
| Cash at end of period | C$202,730 | C$1,481,206 |
26 Metals Inc. financings
3 financings announced or closed by 26 Metals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-01 | 26 Metals Inc. (IRON) | Private placement, non-brokered | Closed, 1 tranche | $6.0M | $0.310 | Bolt Metals Corp. Announces Private Placement |
| 2025-11-19 | 26 Metals Inc. (IRON) | LIFE offering, non-brokered | Tranche closed, 1 tranche | $430K | $0.200 | Bolt Metals Closes First Tranche of LIFE Offering |
| 2025-09-29 | 26 Metals Inc. (IRON) | Private placement, non-brokered | Closed, 1 tranche | $600K | $0.013 | Bolt Metals Announces Non-Brokered Private Placement |