Laurion Mineral Exploration Inc (LME) Financings
TSXV: LME · Gold · Exploration stage
- Market cap$39.6M
- Share price$0.140
- 52-week range$0.130 – $0.430
- Shares outstanding282,626,692
- ExchangeTSXV
- Websitelaurion.ca
LAURION Mineral Exploration Inc. is listed on the TSX Venture Exchange (LME), OTCQB (LMEFF), and Frankfurt Stock Exchange (5YD), and is a mid-stage Canadian mineral exploration company, focused on advancing the 100%-owned Ishk¿day Gold and Base metal Project in Northern Ontario. The Ishk¿day Project covers approximately 57 km² within the prolific Beardmore-Geraldton and Onaman-Tashota Greenstone Belts and hosts a single 6 km by 2.5 km mineralised corridor. Historical and modern exploration programs have completed over 98,000 metres of drilling, confirming a large and evolving gold-rich base metal mineral system. LAURION's strategy emphasizes disciplined, data-driven exploration, systematic technical advancement, integrated geological modelling, and responsible capital allocation. The Company is focused on strengthening geological confidence, expanding the scale of the mineral system, and positioning the project for a planned, future MRE. LAURION continues to evaluate opportunities that may enhance project development flexibility, including potential non-dilutive initiatives such as the evaluation of historical surface stockpile processing. The Company's objective is to build technical clarity, scale, and long-term project value before monetization, ensuring that future development decisions or strategic opportunities are supported by strong geological foundations and reduced execution risk.
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Laurion Mineral Exploration Inc financial statements
Key figures read from 39 of 39 financial statement filings, Nov 1, 2016 to Aug 19, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$5,211,247 | C$6,052,644 | C$6,506,292 | C$7,474,144 | C$6,857,589 |
| Short-term investments | C$58,800 | C$28,980 | — | — | — |
| Total assets | C$7,070,226 | C$10,188,706 | C$9,358,971 | C$9,208,908 | C$9,920,442 |
| Shareholders' equity | C$6,744,746 | C$9,565,364 | C$8,871,772 | C$9,101,055 | C$9,721,495 |
Income statement: annual key figures
Canadian dollars (C$), 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$4,131,335 | C$3,119,802 | C$2,216,868 | C$3,825,090 | C$2,909,344 |
| General and administrative | C$209,609 | C$242,482 | C$171,045 | C$168,718 | C$175,736 |
| Share-based compensation | C$207,707 | C$38,852 | C$87,153 | C$189,249 | C$288,656 |
| Net income (loss) | (C$4,528,183) | (C$2,916,429) | (C$3,086,043) | (C$4,653,523) | (C$3,737,031) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$4,603,587) | (C$3,379,854) | (C$3,070,543) | (C$4,439,793) | (C$3,594,943)* |
| Investing cash flow | C$31,938 | C$25,831 | C$12,316 | C$48,155 | — |
| Financing cash flow | C$1,499,858 | C$4,116,469 | C$2,995,753 | C$3,785,834 | — |
| Change in cash | (C$3,071,791) | C$762,446 | (C$62,474) | (C$605,804) | C$7,027,141 |
| Cash at end of period | C$6,735,559 | C$9,807,350 | C$9,044,904 | C$9,107,378 | C$9,713,182 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Laurion Mineral Exploration Inc yet.