Northern Shield Resources Inc. (NRN) Financings
TSXV: NRN · Copper · Exploration stage
- Market cap$6.9M
- Share price$0.045
- 52-week range$0.030 – $0.080
- Shares outstanding153,442,268
- ExchangeTSXV
Northern Shield Resources Inc. is a Canadian-based company, a leader in generating high-quality exploration targets, which views greenfield exploration as an opportunity to find a mineable, near surface deposit at relatively low cost. We implement a model driven exploration approach to reduce the risk associated with early-stage projects for ourselves, our shareholders, and the environment. This approach led us to option the Root & Cellar Property from a Newfoundland prospector, who discovered the copper mineralization, and then to its advancement to the large gold-silver-tellurium and porphyry copper system that it has become.
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Northern Shield Resources Inc. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 24, 2016 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$784,654 | C$386,939 | C$175,532 | C$216,977 | C$301,621 |
| Total current assets | C$1,021,923* | C$502,605* | C$356,646* | C$339,245* | C$533,122* |
| Total current liabilities | C$511,269 | C$671,579 | C$816,623 | C$561,512 | C$334,014 |
| Working capital | C$510,654 | (C$168,974) | (C$459,977) | (C$222,267) | C$199,108 |
| Exploration and evaluation assets | C$3,154,813 | C$2,438,927 | C$5,620,534 | C$5,377,516 | C$5,115,301 |
| Property, plant and equipment | C$26,757 | C$32,914 | C$40,517 | C$49,923 | C$60,727 |
| Total assets | C$4,204,326 | C$2,975,279 | C$6,018,530 | C$5,767,517 | C$5,709,983 |
| Total liabilities | C$511,269 | C$671,579 | C$816,623 | C$561,512 | C$334,014 |
| Shareholders' equity | C$3,693,057 | C$2,303,700 | C$5,201,907 | C$5,206,005 | C$5,375,969 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$835,234 | C$591,978 | C$857,970 | C$614,127 | C$745,317 |
| Impairments and write-downs | C$15,600 | C$3,415,970 | C$253,807 | C$8,994 | C$0 |
| Net income (loss) | (C$693,230) | (C$3,187,863) | (C$991,232) | (C$610,053) | (C$233,039) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Cash at end of period | C$784,654 | C$386,939 | C$175,532 | C$216,977 | C$301,621 |
Northern Shield Resources Inc. financings
2 financings announced or closed by Northern Shield Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-12-08 | Northern Shield Resources Inc. (NRN) | Private placement, non-brokered | Closed, 1 tranche | $1.0M | $0.060 | Northern Shield Announces Non-Brokered Private Placement of Subscription Receipts |
| 2025-10-21 | Northern Shield Resources Inc. (NRN) | Flow-through, non-brokered | Tranche closed, 1 tranche | $1.2M | $0.050 | Northern Shield Announces Private Placement |