Magna Terra Minerals Inc. (MTT) Financings
TSXV: MTT · Gold · Exploration stage
- Market cap$30.4M
- Share price$0.240
- 52-week range$0.100 – $0.300
- Shares outstanding126,820,141
- ExchangeTSXV
- Websitewww.magnaterraminerals.com
Magna Terra Minerals Inc. is a precious and critical metals focused exploration company, headquartered in Toronto, Canada. Magna Terra is focused on acquiring and advancing its high-potential mineral projects in Atlantic Canada and Argentina while generating value for shareholders and minimizing shareholder dilution through option and joint venture partnerships where appropriate; leveraging our ability to explore, grow, and transact projects. The Company is focused on exploring our 100%-owned Humber Copper-Cobalt Project in Newfoundland and Labrador; our 100% owned Rocky Brook Gold and Critical Metals Project in the historic Bathurst Mining Camp of New Brunswick; the recently acquired Prospect Or's Dream Gold Project, and our 100%-owned Cape Spencer Gold Project in New Brunswick. In addition, the Company has optioned the Great Northern Project in Newfoundland to Gold Hunter Resources Inc. ('Gold Hunter') for total cash and share consideration of $1075 million over a 4-year period, and currently holds an approximate 19% equity interest in Gold Hunter. The Company has also optioned the Luna Roja Project in Argentina to Lunex Metals Corp (formerly Andean Metals Corp.) for total cash and share consideration of $2.375 million over a 4-year period. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its large 100% owned Boleadora Project, as well as several additional district scale drill ready projects available for purchase or option/joint venture.
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Magna Terra Minerals Inc. financial statements
Key figures read from 36 of 37 financial statement filings, Jan 30, 2017 to Jul 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,994,077 | C$44,215 | C$73,372 | C$107,898 | C$94,954 |
| Short-term investments | C$0 | C$739,437 | C$16,000 | C$55,500 | C$124,875 |
| Total current assets | C$2,218,280 | — | — | — | C$516,327 |
| Total current liabilities | C$1,749,063 | C$599,585 | C$889,831 | C$657,995 | C$823,954 |
| Working capital | C$469,217 | — | — | — | (C$307,627) |
| Exploration and evaluation assets | — | — | — | — | C$9,349,526 |
| Property, plant and equipment | C$23,642 | — | — | — | — |
| Total assets | C$3,982,040 | C$903,092 | C$180,630 | C$698,681 | C$9,865,853 |
| Shareholders' equity | C$2,232,977 | C$303,507 | — | C$40,686 | C$9,041,899 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$1,275,007 | C$420,367 | C$422,755 | C$972,338 | — |
| General and administrative | C$386,824 | C$339,788 | C$421,615 | C$466,032 | C$492,659 |
| Share-based compensation | C$90,619 | C$82,522 | C$86,325 | C$24,417 | C$399,949 |
| Net income (loss) | (C$2,332) | C$557,817 | (C$968,593) | (C$1,499,878) | (C$268,185) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$651,941) | (C$339,489) | (C$425,177) | (C$1,599,748) | (C$1,322,869) |
| Investing cash flow | C$198,632 | C$17,097 | C$409,940 | (C$342,225) | (C$2,207,858) |
| Financing cash flow | C$2,403,171 | C$293,235 | (C$19,289) | C$1,954,917 | — |
| Exploration spending (capitalized) | — | — | — | — | (C$2,207,858) |
| Proceeds from share issues | C$2,422,271 | C$315,369 | C$0 | C$1,972,571 | — |
| Change in cash | C$1,949,862 | (C$29,157) | (C$34,526) | C$12,944 | (C$3,530,727) |
| Cash at end of period | C$1,994,077 | C$44,215 | C$73,372 | C$107,898 | C$94,954 |
Magna Terra Minerals Inc. financings
5 financings announced or closed by Magna Terra Minerals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-01 | Magna Terra Minerals Inc. (MTT) | Flow-through, non-brokered | Closed, 1 tranche | $3.8M | $0.237 | Magna Terra Announces $2,000,000 Private Placement |
| 2025-07-31 | Magna Terra Minerals Inc. (MTT) | Flow-through, non-brokered | Closed, 1 tranche | $2.0M | $0.135 | Magna Terra Announces Fully Subscribed $1,000,000 Premium Flow-Through Private Placement |
| 2025-01-22 | Magna Terra Minerals Inc. (MTT) | Flow-through, non-brokered | Closed, 2 tranches | $500K | $0.090 | Magna Terra Announces $450,000 Premium Flow-Through Private Placement |
| 2023-12-11 | Magna Terra Minerals Inc. (MTT) | Private placement, non-brokered | Closed, 1 tranche | $325K | $0.030 | Magna Terra Announces Closing of Non-Brokered Private Placement |
| 2023-09-22 | Magna Terra Minerals Inc. (MTT) | Private placement, non-brokered | Closed, 2 tranches | $600K | $0.030 | Magna Terra Announces $600,000 Non-Brokered Private Placement |
Magna Terra Minerals Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Magna Terra Minerals Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2019-10-29 | Credit facility, signed | — | C$700,000 | 12%, matures 2020-12-31 |