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NorthX Nickel Corp. (NIX) Financings

CSE: NIX · Nickel, PGM · Advanced Exploration stage

NorthX Nickel  is a Ni-Cu-Co-PGE focused exploration and development company headquartered in Vancouver, Canada. The Company’s flagship and core asset is the Grasset Project, located within the Abitibi greenstone belt approximately 55 kilometres west-northwest of Matagami Quebec. In addition, the Company holds an extensive portfolio of 37 properties comprised of 309 square kilometres within 807 mining titles in the world-class mining district of Sudbury.

NorthX Nickel Corp. financial statements

Key figures read from 5 of 6 financial statement filings, Mar 3, 2021 to Sep 2, 2022. 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 2021Sep 2020
Cash and equivalentsC$731,346C$217,486
Total current assetsC$1,498,277*—
Total current liabilitiesC$224,611C$8,392
Working capitalC$1,273,666—
Exploration and evaluation assetsC$37,500C$0
Total assetsC$1,535,777C$217,486
Total liabilitiesC$224,611C$8,392
Shareholders' equityC$1,311,166C$209,094

* 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 Sep 2021FY Sep 2020
Exploration and evaluation expenseC$182,807C$0
General and administrativeC$36,751C$706
Share-based compensationC$21,956C$0
Impairments and write-downsC$164,413C$0
Net income (loss)(C$734,797)(C$8,406)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Sep 2021FY Sep 2020
Operating cash flow(C$1,099,140)(C$14)
Investing cash flow(C$37,500)C$0
Financing cash flowC$1,650,500C$217,500
Exploration spending (capitalized)(C$37,500)C$0
Proceeds from share issuesC$1,103,000C$217,500
Change in cashC$513,860C$217,486
Cash at end of periodC$731,346C$217,486

NorthX Nickel Corp. financings

4 financings announced or closed by NorthX Nickel Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2025-07-21NorthX Nickel Corp. (NIX)Private placement, non-brokeredClosed, 1 tranche$1.3M$0.050NorthX Nickel Announces Closing of Sudbury Portfolio Sale, Conversion of Subscription Receipts and Leadership Transition
2025-01-31NorthX Nickel Corp. (NIX)Private placement, non-brokeredClosed, 1 tranche$1.3M$0.050NorthX Nickel Announces Non-Brokered Subscription Receipt Financing
2024-04-26NorthX Nickel Corp. (NIX)Private placement, non-brokeredClosed, 1 tranche$2.3M$0.240Archer Exploration Announces Non-Brokered Private Placement, Share Consolidation and Name Change
2023-10-23NorthX Nickel Corp. (NIX)Flow-through, private placement, non-brokeredClosed, 1 tranche$2.0M$0.155Archer Exploration Announces Private Placement

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