Metallic Minerals Corp. (MMG) Financings
TSXV: MMG · Copper, Silver, PGM · Advanced Exploration stage
- Market cap$46.0M
- Share price$0.185
- 52-week range$0.150 – $0.470
- Shares outstanding248,678,880
- ExchangeTSXV
- Websitewww.metallic-minerals.com
Metallic Minerals Corp. is a resource-stage exploration and development company advancing copper, silver and platinum group elements, along with gold and other associated critical minerals, at the La Plata project in southwestern Colorado, and high-grade silver, gold, lead and zinc exploration at the Keno Silver project in the Yukon Territory, adjacent to Hecla Mining's Keno Hill silver operations. The Company is also one of the largest holders of alluvial gold claims in the Yukon and is building a production royalty business through partnerships with experienced mining operators. Metallic is led by a team with a strong track record of discovery and exploration success across multiple precious and base metal deposits in North America and is backed by strategic investment by Newmont Corporation and Eric Sprott. The Company integrates advanced data analytics into its exploration process to support target generation, accelerate discovery, and unlock value across its portfolio.
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Metallic Minerals Corp. financial statements
Key figures read from 39 of 40 financial statement filings, Nov 28, 2016 to Jun 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$4,865,265 | C$1,398,069 | C$5,666,316 | C$4,571,865 | C$4,023,315 |
| Total current assets | C$5,570,673 | C$2,867,595 | C$6,652,408* | C$4,908,735* | C$5,076,941* |
| Total current liabilities | C$1,445,814 | C$785,409 | — | — | — |
| Working capital | C$4,124,859 | C$2,082,186 | — | — | — |
| Exploration and evaluation assets | C$6,408,918 | C$5,649,090 | C$4,474,923 | C$4,135,726 | C$3,269,516 |
| Property, plant and equipment | — | — | — | — | C$0 |
| Total assets | C$12,039,077 | C$8,576,171 | C$11,394,831 | C$9,103,947 | C$8,377,193 |
| Shareholders' equity | C$10,593,263 | C$7,790,762 | C$10,748,346 | C$8,409,229 | C$8,123,623 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jul 2023 | FY Jul 2022 | FY Jul 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$2,347,163 | C$4,418,176 | C$3,178,679 | C$5,370,513 | C$5,840,571 |
| General and administrative | C$698,843 | C$698,194 | C$525,955 | C$564,847 | C$474,137 |
| Share-based compensation | C$468,210 | C$480,247 | C$681,567 | C$749,589 | C$1,306,566 |
| Net income (loss) | (C$3,781,424) | (C$6,005,512) | (C$4,922,231) | (C$7,194,474) | (C$7,492,019) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jul 2023 | FY Jul 2022 | FY Jul 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,121,226) | (C$6,208,011) | (C$5,146,133) | (C$5,315,731) | (C$8,494,276) |
| Investing cash flow | — | — | — | — | (C$37,391) |
| Financing cash flow | C$5,854,191 | C$2,072,811 | C$6,511,031 | C$6,730,491 | C$11,254,938 |
| Exploration spending (capitalized) | — | — | — | — | (C$97,391) |
| Proceeds from share issues | — | — | — | — | C$11,000,000 |
| Change in cash | C$3,467,196 | (C$4,268,247) | C$1,094,451 | C$548,550 | C$2,723,271 |
| Cash at end of period | C$4,865,265 | C$1,398,069 | C$5,666,316 | C$4,571,865 | C$4,023,315 |
Metallic Minerals Corp. financings
1 financing announced or closed by Metallic Minerals Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-21 | Metallic Minerals Corp. (MMG) | Private placement, bought deal | Closed, 1 tranche | $903K | $0.280 | Newmont Exercises Participation Rights to Purchase Additional Shares of Metallic Minerals |