Midland Exploration Inc. (MD) Financings
TSXV: MD · Gold · Exploration stage
- Market cap$41.2M
- Share price$0.330
- 52-week range$0.315 – $0.590
- Shares outstanding124,802,909
- ExchangeTSXV
- Websitewww.midlandexploration.com
Midland targets the mineral potential of Quebec to make the discovery of new deposits of gold and critical metals. Midland is proud to count on reputable partners such as Wallbridge, Rio Tinto Exploration Canada Inc., Centerra Gold Inc., BHP Canada Inc., Barrick Mining Corporation, Agnico Eagle Mines Limited, SOQUEM Inc., Fresnillo plc, Electric Elements Mining Corp., Nunavik Mineral Exploration Fund, and Abcourt Mines Inc. Midland prefers to work in partnership and intends to quickly conclude additional agreements in regard to newly acquired properties. Management is currently reviewing other opportunities and projects to build up the Company portfolio and generate shareholder value.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Midland Exploration Inc. financial statements
Key figures read from 39 of 46 financial statement filings, Dec 8, 2016 to Aug 13, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,868,473 | C$1,590,510 | C$2,453,793 | C$1,895,705 | C$1,490,860 |
| Total current assets | C$9,192,839 | C$5,296,181 | C$5,678,842 | C$6,805,920 | C$8,997,031 |
| Total current liabilities | C$2,020,165 | C$1,698,330 | C$1,865,393 | C$870,822 | C$1,491,600 |
| Working capital | C$7,172,674 | C$3,597,851 | C$3,813,449 | C$5,935,098 | C$7,505,431 |
| Exploration and evaluation assets | C$2,477,394 | C$2,260,232 | C$2,883,373 | C$2,927,591 | C$3,182,934 |
| Total assets | C$46,785,987 | C$41,220,324 | C$41,663,069 | C$39,216,081 | C$39,915,196 |
| Total liabilities | C$2,256,290 | C$1,698,330 | C$1,882,005 | C$921,930 | C$1,574,009 |
| Shareholders' equity | C$44,529,697 | C$39,521,994 | C$39,781,064 | C$38,294,151 | C$38,341,187 |
Income statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 3M Jun 2026 | 3M Mar 2026 | 3M Dec 2025 | 3M Jun 2025 | |
|---|---|---|---|---|
| Exploration and evaluation expense | C$0 | C$1,350 | C$20,100 | C$3,404 |
| General and administrative | C$96,400 | C$86,029 | C$64,388 | C$73,746 |
| Share-based compensation | C$65,870 | C$47,786 | C$15,484 | C$44,282 |
| Net income (loss) | (C$702,341) | (C$294,930) | (C$547,096) | (C$187,715) |
Cash flow statement: quarterly key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| 9M Jun 2026 | 6M Mar 2026 | 3M Dec 2025 | 9M Jun 2025 | |
|---|---|---|---|---|
| Operating cash flow | (C$1,333,355)* | (C$1,348,850)* | (C$517,474)* | (C$765,990)* |
| Investing cash flow | (C$2,721,232)* | C$1,277,961* | C$2,064,470* | (C$276,988)* |
| Financing cash flow | C$7,897,713* | C$2,846,044* | C$2,853,386* | C$2,468,628* |
| Exploration spending (capitalized) | (C$4,125,107) | (C$3,092,473) | (C$1,202,824) | (C$1,234,667) |
| Change in cash | C$3,843,126 | C$2,775,155 | C$4,400,382 | C$1,425,650 |
| Cash at end of period | C$5,711,599 | C$4,643,628 | C$6,268,855 | C$3,016,160 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Midland Exploration Inc. financings
1 financing announced or closed by Midland Exploration Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-05-12 | Midland Exploration Inc. (MD) | Private placement, non-brokered | Closed, 2 tranches | $7.5M | $0.450 | Midland Exploration Completes a First Tranche of $2.2 Million Private Placement |