Lancaster Resources Inc. (LCR) Financings
CSE: LCR · Gold, Uranium · Exploration stage
- Market cap$1.1M
- Share price$0.010
- 52-week range$0.010 – $0.060
- Shares outstanding108,819,872
- ExchangeCSE
- Properties7
- Websitelancaster-resources.com
Lancaster Resources (CSE:LCR | OTC:LANRF | FRA:6UF0) Lancaster Resources is a Canadian exploration company advancing a portfolio of critical mineral and gold projects in established mining jurisdictions. The company holds a 100% interest in the Lake Cargelligo Gold Project in New South Wales, Australia, covering 62,300 hectares with a history of drilling and exploration. In Canada, Lancaster’s assets include the Lac Iris Polymetallic Project and an option to acquire the Trans-Taiga Project in Quebec’s James Bay region, as well as the Piney Lake Gold Project and uranium projects at Catley Lake and Centennial East in Saskatchewan’s Athabasca Basin. Lancaster’s diversified land position provides exposure to gold, uranium and polymetallic exploration opportunities.
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Lancaster Resources Inc. financial statements
Key figures read from 4 of 4 financial statement filings, Mar 30, 2021 to Mar 30, 2023. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | |
|---|---|---|---|---|
| Cash and equivalents | C$35,817 | C$773,525 | C$1,170 | C$107,689 |
| Short-term investments | C$34,090 | C$193,750 | — | — |
| Total current assets | C$129,430 | C$1,278,931 | C$95,364 | C$107,689 |
| Total current liabilities | C$684,488 | C$598,820 | C$296,067 | C$1,268,224 |
| Working capital | (C$555,058) | C$680,111 | (C$200,703) | (C$1,160,535) |
| Property, plant and equipment | — | C$2,693 | — | — |
| Total assets | C$129,430 | C$1,339,124 | C$209,899 | C$140,089 |
| Debt | C$889,871 | C$471,072 | — | — |
| Total liabilities | C$1,531,425 | C$1,048,829 | C$987,312 | C$1,268,224 |
| Shareholders' equity | (C$1,401,995) | C$290,295 | (C$777,413) | (C$1,128,135) |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Nov 2022 | FY Nov 2021 | FY Nov 2020 | FY Sep 2019 | |
|---|---|---|---|---|
| Revenue | — | — | C$415,803 | C$0 |
| Cost of sales | — | — | C$250 | C$0 |
| General and administrative | C$553,101 | C$576,519 | C$132,750 | C$61 |
| Share-based compensation | C$166,077 | C$2,499,933 | C$689,738 | C$0 |
| Impairments and write-downs | — | — | (C$279,868) | C$0 |
| Net income (loss) | — | (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 2022 | FY Nov 2021 | FY Nov 2020 | FY Nov 2019 | |
|---|---|---|---|---|
| Operating cash flow | (C$1,080,848) | (C$5,205,151) | (C$853,447) | (C$66) |
| Investing cash flow | C$72,140 | C$389,118 | — | — |
| Financing cash flow | C$271,000 | C$6,204,193 | C$746,928 | C$107,755 |
| Property, plant and equipment spending | — | (C$3,382) | — | — |
| Proceeds from share issues | C$0 | C$4,025,430 | — | — |
Lancaster Resources Inc. financings
1 financing announced or closed by Lancaster Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-10 | Lancaster Resources Inc. (LCR) | Private placement, non-brokered | Announced | $800K | $0.050 | Lancaster Resources Announces Financing |
Lancaster Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lancaster Resources Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2022-04-08 | Convertible debenture, closed / funded | — | — | 10% |
| 2021-11-29 | Convertible debenture, repaid / settled | — | — | 10% |
| 2021-10-29 | Convertible debenture, repaid / settled | — | — | 10% |
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