NovaRed Mining Inc. (NRED) Financings
CSE: NRED · Copper, Gold · Exploration stage
- Market cap$2.5M
- Share price$0.065
- 52-week range$0.045 – $2.33
- Shares outstanding38,944,000
- ExchangeCSE
- Properties2
- Websitenovaredmining.com
NRED Intelligent Mining Inc. is engaged in the identification, acquisition, exploration and development of mineral resource projects. The Company holds the exclusive option to acquire a 70% interest in the Wilmac Copper-Gold Project located southwest of Princeton in the Similkameen Mining Division, British Columbia.
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NovaRed Mining Inc. financial statements
Key figures read from 1 of 1 financial statement filing, Nov 22, 2024 to Nov 22, 2024. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jul 2024 | Jul 2023 | |
|---|---|---|
| Cash and equivalents | C$102,594 | C$98,137 |
| Total current assets | C$116,279 | C$132,494 |
| Exploration and evaluation assets | C$198,397 | C$100,000 |
| Total assets | C$314,676 | C$232,494 |
| Total liabilities | C$142,939 | C$70,220 |
| Shareholders' equity | C$171,737 | C$162,274 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2024 | FY Jul 2023 | |
|---|---|---|
| General and administrative | C$38,953 | C$24,386 |
| Share-based compensation | C$818 | C$15,344 |
| Net income (loss) | (C$164,920) | (C$78,559) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2024 | FY Jul 2023 | |
|---|---|---|
| Operating cash flow | (C$137,527) | (C$98,548) |
| Investing cash flow | (C$26,581) | C$0 |
| Financing cash flow | C$168,565 | (C$7,840) |
| Exploration spending (capitalized) | (C$26,581) | C$0 |
| Proceeds from share issues | C$123,565 | (C$12,840) |
| Change in cash | C$4,457 | (C$106,388) |
| Cash at end of period | C$102,594 | C$98,137 |
NovaRed Mining Inc. financings
2 financings announced or closed by NovaRed Mining Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-06-11 | NovaRed Mining Inc. (NRED) | LIFE offering, non-brokered | Closed, 1 tranche | $525K | $0.075 | Rumble Resources Announces Acquisition of Interest in the WILMAC Copper-Gold Project in Southeastern British Columbia and Concurrent Financing |
| 2023-09-05 | NovaRed Mining Inc. (NRED) | Ipo, brokered | Closed, 1 tranche | $173K | $0.100 | Rumble Resources Inc. Announces Closing of Initial Public Offering and Listing of Common Shares |
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