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Nuinsco Resources Limited (NWI) Financings

CSE: NWI · Gold, Phosphate, Tantalum · Advanced Exploration stage

Nuinsco Resources has over 50 years of exploration suc­cess and is a growth-oriented, multi-commodity mineral explora­tion and development company focused on prospective oppor­tunities in Canada and internationally. Currently the Company has the Paradise Lake gold project in central Newfoundland, and in Ontario the large multi-commodity (phosphate, rare earth element, niobi­um, tantalum) Prairie Lake Project near Marathon-Terrace Bay, the Zig Zag Lake Property (lithium, tantalum) near Armstrong joint-ventured with First Class Metals PLC, and retains a NSR royalty on the Sunbeam Gold Property near Atikokan.

Nuinsco Resources Limited financial statements

Key figures read from 3 of 3 financial statement filings, May 30, 2019 to Aug 8, 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.

Dec 2021Dec 2020
Cash and equivalentsC$144,007C$60,141
Total current assetsC$227,025C$77,165
Total current liabilitiesC$617,669C$614,530
Working capital(C$390,644)(C$537,365)
Exploration and evaluation assetsC$1,613,475C$1,237,852
Property, plant and equipmentC$3,281C$4,137
Total assetsC$1,843,781C$1,319,154
DebtC$48,199C$48,199
Total liabilitiesC$2,397,194C$2,232,037
Shareholders' equity(C$553,413)(C$912,883)

Income statement: annual key figures

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

FY Dec 2021FY Dec 2020
General and administrativeC$366,651C$443,371
Share-based compensationC$1,242,425C$124,681
Net income (loss)(C$2,323,708)(C$589,000)

Cash flow statement: annual key figures

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

FY Dec 2021FY Dec 2020
Operating cash flow(C$86,046)(C$65,972)
Investing cash flow(C$1,133,341)(C$215,954)
Financing cash flowC$1,303,253C$238,068
Exploration spending (capitalized)(C$1,133,341)(C$215,954)
Proceeds from share issuesC$601,550C$178,068
Change in cashC$83,866(C$43,858)
Cash at end of periodC$144,007C$60,141

Nuinsco Resources Limited financings

1 financing announced or closed by Nuinsco Resources Limited, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-06-05Nuinsco Resources Limited (NWI)Flow-through, non-brokeredClosed, 1 tranche$500K$0.010Nuinsco Announces Private Placement

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