Lithium Africa Corp (LAF) Financials
TSXV: LAF · Lithium · Exploration stage
- Market cap$35.0M
- Share price$1.40
- 52-week range$0.770 – $2.80
- Shares outstanding24,978,317
- ExchangeTSXV
Lithium Africa Corp. is a capital-efficient lithium exploration and consolidation company assembling a portfolio of hard-rock lithium assets across Africa. Through its 50/50 joint venture with GFL International Co., Ltd., a subsidiary of Ganfeng Lithium Group Co., Ltd., the Company holds an indirect 50% interest in lithium exploration projects in Côte d'Ivoire, Guinea, Zimbabwe, and Mali. In addition, the Company is acquiring a majority interest in the Springbok Project in South Africa, which is held outside the joint venture.
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Lithium Africa Corp financial statements
Key figures read from 3 of 3 financial statement filings, Mar 2, 2026 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: quarterly key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | |
|---|---|---|---|---|
| Cash and equivalents | US$5,424,352 | US$7,441,637 | C$3,400,032 | C$3,584,066 |
| Total current assets | US$7,530,478 | US$2,954,124 | — | — |
| Total current liabilities | US$1,652,417 | — | C$188,480 | C$63,673 |
| Working capital | US$5,878,061 | — | — | — |
| Property, plant and equipment | US$186,273 | US$40,519 | — | — |
| Total assets | US$13,125,142 | US$13,007,111 | C$3,797,021 | C$3,702,858 |
| Total liabilities | US$4,117,075 | US$394,547 | C$188,480 | C$63,673 |
| Shareholders' equity | US$9,008,067 | US$12,612,564 | C$3,608,541 | C$3,639,185 |
Income statement: quarterly key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M Jun 2026 | 3M Mar 2026 | 3M Dec 2025 | 3M Jun 2025 | |
|---|---|---|---|---|
| Exploration and evaluation expense | US$316,102 | US$167,272 | — | US$369,440 |
| General and administrative | US$90,378 | US$49,748 | C$28,645 | US$35,697 |
| Share-based compensation | US$540,910 | US$298,818 | C$0 | US$423,357 |
| Net income (loss) | (US$411,052) | (US$3,944,454) | (C$21,416) | (US$1,198,595) |
Cash flow statement: quarterly key figures
figures as printed in the statements. Losses and cash outflows are in brackets.
| 6M Jun 2026 | 6M Dec 2025 | 6M Jun 2025 | 6M Dec 2024 | |
|---|---|---|---|---|
| Operating cash flow | (US$2,939,780) | (C$184,034) | (US$1,548,485) | (C$5,116) |
| Investing cash flow | US$17,090 | — | US$0 | — |
| Financing cash flow | US$6,089,440 | C$0 | US$1,739,052 | C$2,570,040 |
| Proceeds from share issues | US$6,089,440 | — | US$1,304,718 | — |
| Change in cash | US$3,166,750 | (C$184,034) | US$190,567 | C$2,575,156 |
| Cash at end of period | US$5,424,352 | C$3,400,032 | US$1,154,590 | C$3,589,831 |
Lithium Africa Corp financings
2 financings announced or closed by Lithium Africa Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-20 | Lithium Africa Corp (LAF) | Debt | Announced | US$60.0M | — | Lithium Africa Receives Two Non-Binding Offers to Fund the Springbok Project, Including a US$60 Million Investment Proposal |
| 2026-03-02 | Lithium Africa Corp (LAF) | Private placement, brokered | Closed, 1 tranche | $8.8M | $2.00 | Error! Unknown document property name. |