King Copper Discovery Corp. (KCP) Financings
TSXV: KCP · Copper, Gold, Silver · Exploration stage
- Market cap$214.6M
- Share price$0.670
- 52-week range$0.620 – $1.57
- Shares outstanding320,265,669
- ExchangeTSXV
- Websitewww.turmalinametals.com
King Copper is a TSXV-listed exploration company focused on the Colquemayo copper-gold project in South America. The Company is led by a team responsible for multiple copper-gold-silver discoveries.
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King Copper Discovery Corp. financial statements
Key figures read from 26 of 26 financial statement filings, Apr 17, 2020 to Aug 21, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$15,695,101 | C$28,949 | C$22,172 | C$20,664 | C$4,010,253 |
| Total current assets | C$15,842,630* | C$124,334* | C$87,376* | C$115,552* | C$4,144,215* |
| Exploration and evaluation assets | C$270,427 | C$187,410 | C$1,830,251 | C$2,288,833 | C$1,543,411 |
| Total assets | C$16,113,057 | C$311,744 | C$1,917,627 | C$2,404,385 | C$5,687,626 |
| Shareholders' equity | C$15,519,140 | (C$1,264,162) | C$1,389,611 | C$1,901,531 | C$5,572,941 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$1,889,298 | C$1,335,665 | C$2,744,171 | C$2,496,918 | C$4,340,865 |
| General and administrative | C$401,095 | C$322,644 | C$533,972 | C$525,717 | C$550,838 |
| Share-based compensation | C$3,600,198 | C$646,449 | C$286,218 | C$390,941 | C$616,710 |
| Impairments and write-downs | C$0 | (C$2,110,182) | (C$795,528) | — | C$0 |
| Net income (loss) | (C$7,568,860) | (C$5,249,481) | (C$5,479,290) | (C$4,062,351) | (C$6,165,544) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$5,002,795) | (C$1,475,141) | (C$4,342,698) | (C$3,244,167) | (C$5,427,256) |
| Investing cash flow | — | (C$467,341) | (C$336,946) | (C$745,422) | (C$868,147) |
| Financing cash flow | C$20,751,964 | C$1,949,259 | C$4,681,152 | C$0 | C$300,000 |
| Exploration spending (capitalized) | — | (C$467,341) | (C$336,946) | (C$745,422) | (C$868,147) |
| Proceeds from share issues | — | C$1,949,259 | C$4,681,152 | C$0 | C$300,000 |
| Change in cash | C$15,666,152 | C$6,777 | C$1,508 | (C$3,989,589) | (C$5,995,403) |
| Cash at end of period | C$15,695,101 | C$28,949 | C$22,172 | C$20,664 | C$4,010,253 |
King Copper Discovery Corp. financings
2 financings announced or closed by King Copper Discovery Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-08 | King Copper Discovery Corp. (KCP) | Private placement, non-brokered | Closed, 1 tranche | $15.0M | $0.600 | King Copper Discovery Announces Private Placement |
| 2025-09-04 | King Copper Discovery Corp. (KCP) | Private placement, non-brokered | Closed, 1 tranche | $15.0M | $0.230 | King Copper Discovery Corp. Announces $15 Million Financing |