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Nortec Minerals Corp. (NVT) Financings

TSXV: NVT · Gold, Copper, Zinc · Exploration stage

Nortec is a mineral exploration company focused on identifying gold and copper properties with high discovery potential and advancing those projects to create outsized shareholder value. Property holdings comprise: Pearl Gold Project, located in Nevada, U.S.A., a past producing high-grade gold mine, under option. Drilling at the Columbia Zone has intersected mineralization, including 2.27 g/t gold over 38.1 m (Hole YU21-02) and 11.96 g/t gold over 35 m (Hole YU22-11). Barker Bay Gold Project, located in northwestern Ontario, Canada, having historical (turn-of-the-century) mine workings and no exploration/drilling. Multi-line gold in soil anomaly along 700+ meters of the Barker Bros. Mine trend. Several gold-in-soil values above 0.2 g/t (200 ppb) Au. New magnetic survey data coincides with the anomalous soil trend, mapping lithological contrasts and magnetic minerals associated with interpreted gold-bearing structures. 100% interests in two exploration stage critical mineral (zinc) projects, namely the Sturgeon Lake VMS and the Mattagami River Zinc properties, both located in Ontario, Canada. Additionally, the Company holds a 16.4% interest in the Tammela Gold in southwest Finland.

Nortec Minerals Corp. financial statements

Key figures read from 41 of 41 financial statement filings, Nov 29, 2016 to Aug 24, 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 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$321,255C$406,408C$115,322C$557,438C$114,684
Total current assetsC$369,094*C$500,081*C$335,082*C$562,811*C$117,588*
Exploration and evaluation assets————C$0
Total assetsC$387,388C$506,322C$348,584C$595,918C$205,957
DebtC$145,000C$145,000C$145,000C$145,000C$145,000
Shareholders' equity(C$21,585)C$114,053(C$38,648)(C$32,496)(C$430,909)

* 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 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expense——C$383,336C$993,001—
General and administrativeC$31,159C$13,014C$12,233C$9,425C$116,884
Share-based compensationC$0C$5,698C$104,778C$0—
Net income (loss)(C$223,782)C$154,264(C$327,436)(C$733,545)C$139,155

Cash flow statement: annual key figures

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

FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021FY Dec 2020
Operating cash flowC$91,086(C$525,585)(C$134,328)(C$36,266)(C$239,012)
Investing cash flowC$200,000——C$0C$52,087
Financing cash flowC$0C$83,469—C$92,250C$240,450
Exploration spending (capitalized)———C$0(C$29,038)
Proceeds from share issuesC$0——C$92,250C$240,450
Change in cashC$291,086(C$442,116)C$442,754C$55,984C$53,525
Cash at end of periodC$406,408C$115,322C$557,438C$114,684C$58,700

No financings are on record for Nortec Minerals Corp. yet.

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