Latin Metals Inc. (LMS) Financings
TSXV: LMS · Copper, Gold, Silver · Exploration stage
- Market cap$34.9M
- Share price$0.230
- 52-week range$0.175 – $0.345
- Shares outstanding151,565,650
- ExchangeTSXV
- Websitelatin-metals.com
Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. The Company generates and advances exploration projects before securing well-funded partners to undertake significant exploration expenditures. This approach provides shareholders with exposure to multiple exploration and discovery opportunities while limiting the capital required to advance individual projects. Latin Metals is actively generating new opportunities and seeking strategic partners to advance its portfolio.
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Latin Metals Inc. financial statements
Key figures read from 41 of 41 financial statement filings, Feb 24, 2017 to Sep 21, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,734,991 | — | C$333,624 | C$1,136,196 | — |
| Total current assets | C$2,295,661* | C$1,331,270* | C$517,356* | C$1,248,382* | C$923,916* |
| Exploration and evaluation assets | C$6,117,159 | C$5,533,032 | C$5,097,682 | C$4,905,314 | C$4,979,753 |
| Property, plant and equipment | C$47,462 | C$54,864 | C$135,538 | C$89,202 | C$14,870 |
| Total assets | C$8,460,282 | C$6,919,166 | C$6,562,102 | C$6,242,898 | C$5,918,539 |
| Debt | — | C$0 | C$548,724 | — | C$0 |
| Shareholders' equity | C$8,175,512 | C$6,594,478 | C$5,679,807 | C$5,941,245 | C$5,775,321 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$598,749 | C$505,966 | C$624,170 | C$406,648 | C$325,876 |
| Share-based compensation | C$173,390 | C$212,526 | C$448,259 | C$0 | C$53,707 |
| Impairments and write-downs | C$22,466 | C$17,291 | C$42,142 | C$10,398 | C$7,396 |
| Net income (loss) | (C$1,260,284) | (C$2,176,654) | (C$1,075,404) | (C$1,077,339) | (C$462,684) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,441,558) | (C$1,095,163) | (C$1,403,219) | (C$968,488) | (C$686,941) |
| Investing cash flow | (C$554,926) | (C$117,728) | C$61,966 | C$61,444 | (C$500,440) |
| Financing cash flow | C$2,659,376 | C$1,951,366 | C$538,681 | C$1,185,043 | C$1,025,825 |
| Exploration spending (capitalized) | (C$1,800,072) | (C$1,481,491) | (C$2,645,987) | (C$1,784,042) | (C$1,515,396) |
| Proceeds from share issues | C$2,659,376 | C$2,628,096 | C$2,700 | C$1,190,525 | C$1,225,825 |
| Change in cash | C$662,892 | C$738,475 | (C$802,572) | C$277,999 | (C$161,556) |
| Cash at end of period | C$1,734,991 | C$1,072,099 | C$333,624 | C$1,136,196 | C$858,197 |
Latin Metals Inc. financings
4 financings announced or closed by Latin Metals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-05-05 | Latin Metals Inc. (LMS) | Private placement, non-brokered | Closed, 1 tranche | $1.3M | $0.110 | Latin Metals Announces Private Placement for Gross Proceeds up to $1.0 Million |
| 2024-09-17 | Latin Metals Inc. (LMS) | Private placement, non-brokered | Closed, 1 tranche | $2.0M | $0.080 | Latin Metals Announces Private Placement for Gross Proceeds up to $2.0 Million |
| 2024-01-26 | Latin Metals Inc. (LMS) | Private placement, non-brokered | Closed, 1 tranche | $700K | $0.070 | Latin Metals Announces Private Placement for Gross Proceeds up to $0.7 Million |
| 2023-08-24 | Latin Metals Inc. (LMS) | Private placement | Announced | $600K | — | Latin Metals Provides Update on Strategic Milestones and Investment for 2023 Secures $600,000 in Loans |