Max Resource Corp. (MAX) Financings
TSXV: MAX · Copper, Gold, Silver · Exploration stage
- Market cap$11.7M
- Share price$0.210
- 52-week range$0.190 – $0.600
- Shares outstanding55,507,335
- ExchangeTSXV
- Websitewww.maxresource.com
Max Resource is a mineral exploration company listed on the TSX.V under the ticker 'MAX' focused on copper and precious metals assets in South America, Mora Gold Silver and the fully funded Sierra Azul Copper Silver both in Colombia and exploration development of its Florália High Purity Iron Project in Brazil fully funded by Bolt Metals Corp. Sierra Azul Copper Silver (wholly owned) sits along the Colombian portion of the world's largest producing copper belt (Andean belt) adjacent to world-class infrastructure and the presence of global majors (Glencore and Chevron). Fully funded by global miner Freeport-McMoRan relating to rights to earn up to 80% by funding $50 million of accumulated expenditures. Backed by support of Freeport-McMoRan, the Max team views as validation of the geological and mining potential of Sierra Azul. On April 28, 2026, as part of the 2026 exploration season, Max reported high-grade channel results over intervals from 16 to 59m significantly expanded the Manto-style mineralized footprint to over 8 km² within the AM District. Mora Gold Silver (right to purchase 100%) lies along the most productive Middle Cauca Gold Belt encompasses numerous historic workings, 5 active mines, a series of exposed polymetallic structures spread over 2,500m by 1,000m. Mora's 8.2 km border is surrounded by Collective Mining's Guayabales Gold Project and Aris Mining's Marmato mining operations. P&P Reserve: 31.3Mt @ 3.2g/t Au, M&I Resource: 61.5Mt @ 3g/t Au for 9.2Moz*. On February 26, 2026, Max reported completion of LiDAR survey, progress of the PTO and channel sampling along the entire tunnels of the El Oso and the El Cielo underground ('U/G') mine all within the NAN zone. Work continues to outline the continuity of the 5,000m Marmato-type mineralized corridor. Max cautions investors that the gold mineralization at the Marmato gold deposit may not necessarily be indicative of similar mineralization at the Mora Property. Max further advises the QP has been unable to verify the information on Marmato and that the information is not necessarily indicative to the mineralization on the Mora Property.
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Max Resource Corp. financial statements
Key figures read from 39 of 41 financial statement filings, Nov 25, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,045,190 | C$4,042,394 | C$6,308,230 | C$15,600,259 | C$786,789 |
| Total current assets | C$2,342,842* | C$4,719,555* | C$6,560,522* | — | C$1,002,406* |
| Exploration and evaluation assets | C$15,459,551 | C$14,333,695 | C$11,769,566 | C$9,182,683 | C$2,065,550 |
| Property, plant and equipment | C$584,064 | C$721,620 | C$389,727 | C$399,720 | C$161,582 |
| Total assets | C$18,423,294 | C$19,860,227 | C$18,750,771 | C$25,569,423 | C$3,229,538 |
| Debt | — | C$0 | C$33,762 | C$293,207 | — |
| Shareholders' equity | C$16,497,769 | C$15,844,583 | C$17,475,631 | C$23,648,545 | C$2,741,714 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | C$0 | C$69,653 | C$1,406,824 |
| General and administrative | C$2,285,993 | C$1,993,416 | C$2,470,772 | C$2,576,526 | C$1,396,829 |
| Share-based compensation | C$129,178 | C$2,068,572 | C$0 | C$1,633,680 | C$674,490 |
| Impairments and write-downs | C$70,000 | — | — | — | — |
| Net income (loss) | (C$3,297,555) | (C$5,674,833) | (C$7,577,368) | (C$5,652,234) | (C$5,075,878) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$3,398,338)* | — | (C$3,524,917)* | (C$3,572,008)* | (C$4,438,058)* |
| Investing cash flow | (C$2,039,250)* | — | (C$5,662,419)* | (C$6,539,907)* | (C$1,380,003)* |
| Financing cash flow | C$3,338,315* | — | (C$104,693)* | C$24,925,385* | C$1,907,694* |
| Exploration spending (capitalized) | (C$15,417,040) | — | (C$5,606,680) | — | — |
| Property, plant and equipment spending | (C$28,658) | — | (C$61,130) | (C$285,016) | (C$56,984) |
| Change in cash | (C$1,997,204) | (C$2,265,836) | (C$9,292,029) | C$14,813,470 | (C$3,910,367) |
| Cash at end of period | C$2,045,190 | C$4,042,394 | C$6,308,230 | C$15,600,259 | C$786,789 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Max Resource Corp. yet.