Metalite Resources Inc (METL) Financings
CSE: METL · Silver, Antimony, Gold · Exploration stage
- Market cap$3.3M
- Share price$0.200
- 52-week range$0.095 – $0.400
- Shares outstanding16,356,458
- ExchangeCSE
- Websitewww.metaliteresources.com
Metalite Resources Inc. is a Canadian mineral exploration company focused on the acquisition, exploration and advancement of precious metals projects. The Company owns a 100% interest in the Arthurs Seat Silver-Antimony Project in New South Wales, Australia and a 100% interest in the Launay Gold Property, a district-scale gold project located in Québec's Abitibi Greenstone Belt. The Company's strategy is to create long-term shareholder value through the systematic exploration and advancement of high-potential mineral properties.
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Metalite Resources Inc financial statements
Key figures read from 10 of 10 financial statement filings, May 5, 2021 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$17,906 | C$11,385 | — | C$2,433,753 | C$42,648 |
| Total current assets | C$33,271 | C$34,962 | C$584,383* | C$2,531,298 | C$199,145* |
| Total current liabilities | C$929,562 | C$683,668 | — | — | — |
| Working capital | (C$896,291) | (C$648,706) | — | — | — |
| Exploration and evaluation assets | — | — | — | — | C$13,661 |
| Total assets | C$78,119 | C$94,148 | C$735,664 | C$2,651,405 | C$212,806 |
| Debt | C$345,338 | C$135,640 | — | — | — |
| Total liabilities | C$952,221 | C$718,850 | — | C$286,551 | C$18,878 |
| Shareholders' equity | (C$874,102) | (C$624,702) | — | C$2,364,854 | C$193,928 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2022 | FY Dec 2021 | FY Dec 2020 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (C$3,383) | (C$1,830) | C$559,722 | C$8,402,012 | C$24,686 |
| General and administrative | (C$136,502) | (C$140,075) | — | C$75,953 | C$49,000 |
| Share-based compensation | C$0 | (C$38,115) | C$238,426 | C$45,171 | — |
| Net income (loss) | (C$393,059) | (C$291,263) | C$2,182,340 | (C$9,084,534) | (C$276,196) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2021 | FY Dec 2020 | FY Apr 2019 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$186,214) | (C$117,642) | (C$601,135) | (C$419,800) | (C$178,221) |
| Investing cash flow | — | — | (C$38,845) | (C$13,661) | (C$35,000) |
| Financing cash flow | C$192,735 | C$115,628 | C$3,031,085 | C$344,330 | C$345,000 |
| Exploration spending (capitalized) | — | — | — | (C$13,661) | (C$35,000) |
| Proceeds from share issues | — | — | C$2,465,289 | C$344,330 | C$355,000 |
| Change in cash | C$6,521 | (C$2,014) | C$2,391,105 | (C$89,131) | C$131,779 |
| Cash at end of period | C$17,906 | C$11,385 | C$2,433,753 | C$42,648 | C$131,779 |
Metalite Resources Inc financings
1 financing announced or closed by Metalite Resources Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-20 | Metalite Resources Inc (METL) | Private placement, non-brokered | Closed, 1 tranche | $735K | $0.150 | Metalite Announces Non-Brokered Private Placement of Units and Concurrent Debt Settlement |