Kodiak Copper Corp (KDK) Financials
TSXV: KDK · Copper, Gold · Advanced Exploration stage
- Market cap$65.8M
- Share price$0.670
- 52-week range$0.580 – $1.28
- Shares outstanding98,163,091
- ExchangeTSXV
- Websitewww.kodiakcoppercorp.com
Kodiak is focused on advancing its copper porphyry projects in Canada and the USA, which host known mineral discoveries with the potential to hold large-scale deposits. Kodiak Copper's most advanced asset is the 100% owned MPD copper-gold porphyry project in the prolific Quesnel Terrane in south-central British Columbia, Canada, an established mining region with producing mines and excellent infrastructure. MPD exhibits all the hallmarks of a large, multi-centered porphyry district with the potential for future economic development. The initial Mineral Resource Estimate published in 2025 outlines seven substantial deposits and underscores the scale and potential of the project. All known deposits remain open to expansion, and numerous targets across the property have yet to be tested. Kodiak continues to systematically explore MPD's district-scale potential with the goal of delivering new discoveries and building further critical mass toward being the region's next mine. The Company also holds the Mohave copper-molybdenum-silver porphyry project in Arizona, USA, near the world-class Bagdad mine.
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Kodiak Copper Corp financial statements
Key figures read from 40 of 40 financial statement filings, Jan 27, 2017 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$9,429,251 | C$3,628,045 | C$6,686,637 | C$10,365,353 | C$11,765,345 |
| Short-term investments | C$0 | C$40,323 | C$75,903 | C$219,258 | C$146,171 |
| Total current assets | C$9,653,101* | C$4,176,915* | C$7,142,825* | C$10,888,883* | C$12,098,167* |
| Total current liabilities | C$3,400,401 | C$1,784,995 | C$2,245,434 | — | — |
| Working capital | C$6,252,700 | C$2,391,920 | C$4,897,391 | — | — |
| Exploration and evaluation assets | C$40,798,487 | C$35,764,862 | C$28,320,677 | C$19,451,853 | C$10,046,620 |
| Property, plant and equipment | — | — | — | C$0 | C$450 |
| Total assets | C$51,099,424 | C$40,481,620 | C$35,999,076 | C$30,660,879 | C$22,389,709 |
| Debt | — | C$0 | C$40,000 | C$40,000 | C$40,000 |
| Total liabilities | C$5,626,401 | C$3,873,853 | C$2,964,434 | C$2,626,098 | C$3,338,983 |
| Shareholders' equity | C$45,473,023 | C$36,607,767 | C$33,034,642 | C$28,034,781 | C$19,050,726 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$893,722 | C$1,227,040 | C$1,183,258 | C$990,708 | C$847,742 |
| Share-based compensation | C$557,153 | C$643,948 | C$694,892 | C$1,556,889 | C$1,427,850 |
| Net income (loss) | (C$1,174,198) | (C$2,429,531) | (C$1,901,975) | (C$1,474,072) | (C$1,809,835) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,965,469)* | (C$2,383,277)* | (C$1,891,419)* | (C$2,798,933)* | (C$1,897,932)* |
| Investing cash flow | (C$5,318,074)* | (C$7,256,446)* | (C$9,725,743)* | (C$8,674,238)* | (C$5,199,432)* |
| Financing cash flow | C$13,102,802* | C$6,558,244* | C$7,964,980* | C$10,087,057* | C$16,295,617* |
| Exploration spending (capitalized) | (C$5,247,663) | (C$7,255,241) | (C$9,510,312) | (C$8,598,567) | (C$5,184,444) |
| Proceeds from share issues | (C$644,388) | C$6,530,119 | C$7,771,789 | C$8,967,223 | C$12,378,735 |
| Change in cash | C$5,801,206 | (C$3,058,592) | (C$3,678,716) | (C$1,399,992) | C$9,193,167 |
| Cash at end of period | C$9,429,251 | C$3,628,045 | C$6,686,637 | C$10,365,353 | C$11,765,345 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Kodiak Copper Corp financings
5 financings announced or closed by Kodiak Copper Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-21 | Kodiak Copper Corp (KDK) | Private placement | Closed, 1 tranche | $5.4M | $0.250 | Kodiak Copper Announces Filing of TSXV Listing Application, Execution of Definitive Agreements, Closing of Subscription Receipt Financing and Leadership Appointments for Kay Copper |
| 2026-06-01 | Kodiak Copper Corp (KDK) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $15.0M | $1.27 | Kodiak Copper Announces C$10 Million Financing |
| 2025-09-03 | Kodiak Copper Corp (KDK) | Flow-through, bought deal | Closed, 1 tranche | $8.1M | $1.00 | Kodiak Copper Announces $7 Million Private Placement |
| 2025-02-25 | Kodiak Copper Corp (KDK) | Flow-through, non-brokered | Closed, 1 tranche | $5.5M | $0.700 | Kodiak Announces $5 Million Non-Brokered Private Placement |
| 2024-06-04 | Kodiak Copper Corp (KDK) | Flow-through, non-brokered | Closed, 1 tranche | $6.9M | $0.790 | Kodiak Announces $4 Million Non-Brokered Financing |