Metalore Resources Limited (MET) Financials
TSXV: MET · Oil & Gas, Gold, Copper · Exploration stage
- Market cap$4.3M
- Share price$2.40
- 52-week range$2.20 – $2.90
- Shares outstanding1,775,035
- ExchangeTSXV
- Websitewww.metaloreresources.ca
Metalore has produced natural gas from its Southwestern Ontario operations since 1964. Revenues generated from natural gas sales have enabled the Company to explore Northwestern Ontario for gold, copper, zinc, lithium, PGE's and diamonds without dilution to its share structure (currently 1,775,035 shares outstanding). The Company holds a 1% net smelter return royalty on the main Brookbank gold deposit and has a joint venture agreement with Equinox Gold (Greenstone Gold Mines) to explore the surrounding Brookbank gold properties, Thunder Bay mining district.
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Metalore Resources Limited financial statements
Key figures read from 37 of 37 financial statement filings, Nov 18, 2016 to Aug 17, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$448,112 | C$548,549 | C$443,738 | C$481,821 | C$1,425,973 |
| Short-term investments | C$5,584,632 | C$4,589,699 | C$4,641,457 | C$4,505,513 | C$3,005,417 |
| Total current assets | C$6,159,102 | C$6,020,371 | C$5,200,089 | C$5,249,860 | C$4,837,830 |
| Total current liabilities | C$153,724 | C$255,835 | C$66,457 | C$140,776 | C$78,087 |
| Working capital | C$6,005,378 | C$5,764,536 | C$5,133,632 | C$5,109,084 | C$4,759,743 |
| Property, plant and equipment | C$1,813,388 | C$2,350,812 | C$2,075,760 | C$4,138,983 | — |
| Total assets | C$7,972,490 | C$8,371,183 | C$7,275,849 | C$9,388,843 | C$11,537,945* |
| Total liabilities | C$987,731 | C$1,009,184 | C$1,008,558 | C$2,200,970 | C$2,523,891 |
| Shareholders' equity | C$6,984,759 | C$7,361,999 | C$6,267,291 | C$7,187,873 | C$9,014,054 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Revenue | — | C$426,413 | C$402,841 | C$1,002,224 | C$762,264 |
| Exploration and evaluation expense | (C$954) | (C$372) | (C$3,308) | (C$3,723) | (C$53,297) |
| General and administrative | C$143,677 | C$147,648 | C$148,717 | C$148,166 | C$116,880 |
| Impairments and write-downs | (C$459,930) | C$550,454 | (C$797,845) | (C$2,812,699) | C$2,277,707 |
| Net income (loss) | — | C$1,094,708 | (C$860,552) | (C$1,755,227) | C$1,749,434 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | C$908,518 | C$108,677 | C$85,303 | C$589,062 | C$160,343 |
| Investing cash flow | (C$1,008,955) | (C$3,866) | (C$123,386) | (C$1,533,214) | C$704,716 |
| Change in cash | (C$100,437) | C$104,811 | (C$38,083) | (C$944,152) | C$865,059 |
| Cash at end of period | C$448,112 | C$548,549 | C$443,738 | C$481,821 | C$1,425,973 |
No financings are on record for Metalore Resources Limited yet.