Lightning Resource Corp. (LTNG) Financings
TSXV: LTNG · Gold · Exploration stage
- Market cap$20.1M
- Share price$0.300
- 52-week range$0.295 – $0.950
- Shares outstanding66,842,363
- ExchangeTSXV
- Websitewww.lightningresourcecorp.com
Lightning Resource Corp. is a Canadian, precious and base metals exploration company focused on advancing its portfolio of high-potential mineral projects, while continuing to evaluate additional acquisition opportunities. The Company's immediate focus is exploration of the Savant Gold Project with district-scale potential to host both iron formation-hosted and shear-hosted gold systems of size. This is a proven mining region with current operations including the Red Lake and Musselwhite mines. The Company also holds interest in gold and base metals exploration projects located in Ontario, Newfoundland, Japan and Zambia.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Lightning Resource Corp. financial statements
Key figures read from 39 of 39 financial statement filings, Apr 28, 2017 to Aug 20, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$1,883,541 | C$2,710,057 | C$562,355 | C$6,007,041 | C$6,370,369 |
| Short-term investments | C$46,000 | C$46,000 | C$46,000 | C$28,750 | C$28,750 |
| Total current assets | C$2,010,006* | C$2,837,606* | C$983,724* | C$6,272,446* | C$6,609,278* |
| Total current liabilities | C$180,562 | C$8,122,412 | C$211,587 | C$376,913 | C$135,440 |
| Working capital | C$1,829,444 | (C$5,284,806) | C$772,137 | C$5,895,533 | C$6,473,838 |
| Exploration and evaluation assets | C$4,823,017 | C$32,808,363 | C$29,029,049 | C$22,048,400 | C$24,386,119 |
| Total assets | C$6,855,498 | C$36,235,471 | C$30,346,749 | C$28,948,989 | C$35,982,881 |
| Debt | C$0 | C$13,977,955 | C$10,422,987 | C$6,901,930 | — |
| Total liabilities | C$180,562 | C$12,340,574 | C$9,561,861 | C$7,278,843 | — |
| Shareholders' equity | C$6,674,936 | C$23,894,897 | C$20,784,888 | C$21,670,146 | C$35,847,441 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$224,143 | C$199,602 | C$290,744 | C$276,131 | C$280,766 |
| Share-based compensation | C$11,293 | C$0 | C$147,545 | C$624,144 | C$1,305,788 |
| Impairments and write-downs | — | — | C$0 | (C$12,675,966) | — |
| Net income (loss) | (C$24,836,115) | (C$2,817,985) | (C$1,995,833) | (C$14,738,051) | (C$2,518,246) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,163,108)* | (C$1,035,643)* | — | (C$1,096,424)* | (C$1,836,980)* |
| Investing cash flow | (C$383,822)* | (C$3,580,906)* | — | (C$5,920,821)* | (C$3,643,141)* |
| Financing cash flow | C$766,405* | C$6,702,836* | — | C$6,426,735* | C$8,643,723* |
| Exploration spending (capitalized) | (C$1,956,812) | (C$4,856,642) | — | (C$6,503,001) | (C$4,310,108) |
| Proceeds from share issues | C$766,405 | C$4,714,476 | — | C$0 | C$7,460,250 |
| Change in cash | (C$826,516) | C$2,147,702 | (C$5,444,686) | (C$363,328) | C$3,163,602 |
| Cash at end of period | C$1,883,541 | C$2,710,057 | C$562,355 | C$6,007,041 | C$6,370,369 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Lightning Resource Corp. financings
5 financings announced or closed by Lightning Resource Corp., read by Mining News Terminal, newest first.
Lightning Resource Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lightning Resource Corp. 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 |
|---|---|---|---|---|
| 2025-12-23 | Convertible debenture, repaid / settled | — | C$2.02M | — |
| 2024-01-09 | Convertible debenture, closed / funded | B2Gold Corp. | C$2M | 7%, matures 2028-09-08 |
| 2023-08-01 | Convertible debenture, proposed | — | C$3.3M | 7% |
| 2022-08-05 | Loan, signed | B2Gold Corp. | US$5M | 4.7%, matures 2025-08-04 |