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Lancaster Resources Inc. (LCR) Financials

CSE: LCR · Gold, Uranium · Exploration stage

Lancaster Resources (CSE:LCR | OTC:LANRF | FRA:6UF0) Lancaster Resources is a Canadian exploration company advancing a portfolio of critical mineral and gold projects in established mining jurisdictions. The company holds a 100% interest in the Lake Cargelligo Gold Project in New South Wales, Australia, covering 62,300 hectares with a history of drilling and exploration. In Canada, Lancaster’s assets include the Lac Iris Polymetallic Project and an option to acquire the Trans-Taiga Project in Quebec’s James Bay region, as well as the Piney Lake Gold Project and uranium projects at Catley Lake and Centennial East in Saskatchewan’s Athabasca Basin. Lancaster’s diversified land position provides exposure to gold, uranium and polymetallic exploration opportunities.

Lancaster Resources Inc. financial statements

Key figures read from 7 of 7 financial statement filings, Mar 30, 2021 to Aug 31, 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.

Mar 2026Mar 2025Nov 2022Nov 2021Nov 2020
Cash and equivalentsC$11,818C$27C$35,817C$773,525C$1,170
Short-term investmentsC$22,002C$13,954C$34,090C$193,750—
Total current assetsC$124,901C$52,251C$129,430C$1,278,931C$95,364
Total current liabilities——C$684,488C$598,820C$296,067
Working capital——(C$555,058)C$680,111(C$200,703)
Exploration and evaluation assetsC$858,204C$38,870———
Property, plant and equipment———C$2,693—
Total assetsC$983,105C$91,121C$129,430C$1,339,124C$209,899
DebtC$1,250,102C$1,193,446C$889,871C$471,072—
Total liabilitiesC$1,976,306C$1,997,464C$1,531,425C$1,048,829C$987,312
Shareholders' equity(C$993,201)(C$1,906,343)(C$1,401,995)C$290,295(C$777,413)

Income statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Mar 2026FY Mar 2025FY Nov 2022FY Nov 2021FY Nov 2020
Revenue————C$415,803
Cost of sales————C$250
General and administrativeC$370,613C$283,223C$553,101C$576,519C$132,750
Share-based compensationC$233,189C$131,348C$166,077C$2,499,933C$689,738
Impairments and write-downs————(C$279,868)
Net income (loss)(C$1,300,074)(C$1,548,884)—(C$523,067)—

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Nov 2022FY Nov 2021FY Nov 2020FY Nov 2019
Operating cash flow(C$1,080,848)(C$5,205,151)(C$853,447)(C$66)
Investing cash flowC$72,140C$389,118——
Financing cash flowC$271,000C$6,204,193C$746,928C$107,755
Property, plant and equipment spending—(C$3,382)——
Proceeds from share issuesC$0C$4,025,430——

Lancaster Resources Inc. financings

6 financings announced or closed by Lancaster Resources Inc., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-03-10Lancaster Resources Inc. (LCR)Private placement, non-brokeredAnnounced$800K$0.050Lancaster Resources Announces Financing
2025-12-10Lancaster Resources Inc. (LCR)Private placement, non-brokeredClosed, 1 tranche$757K$0.050Lancaster Resources Announces Final Closing of $757,000 Financing — Upsized from Original $500,000
2025-11-21Lancaster Resources Inc. (LCR)Private placement, non-brokeredClosed, 1 tranche$800K$0.050PR
2025-02-24Lancaster Resources Inc. (LCR)Private placement, non-brokeredAnnounced$400K$0.050OR FOR DISSEMINATION IN THE UNITED STATES Lancaster Resources Announces Financing
2024-01-19Lancaster Resources Inc. (LCR)Private placement, non-brokeredClosed, 1 tranche$400K$0.050OR FOR DISSEMINATION IN THE UNITED STATES Lancaster Resources Announces Financing
2023-11-07Lancaster Resources Inc. (LCR)Flow-through, non-brokeredClosed, 1 tranche$800K$0.080OR FOR DISSEMINATION IN THE UNITED STATES Lancaster Resources Announces Financing

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