Newpath Resources Inc. (PATH) Financings
CSE: PATH · Lithium · Advanced Exploration stage
- Market cap$1.9M
- Share price$0.090
- 52-week range$0.040 – $0.130
- Shares outstanding21,406,209
- ExchangeCSE
- Properties5
- Websitenewpathresources.com
The Issuer is engaged in the business of exploration of mineral properties in Canada. Its principal business activities include acquiring and exploring exploration and evaluation assets. The Issuer has exploration and evaluation assets located in the Thunder Bay Mining Division within Priske Township, approximately 4 km south of the town of Schreiber, Ontario, on the northern shore of Lake Superior.
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Newpath Resources Inc. financial statements
Key figures read from 2 of 2 financial statement filings, May 3, 2021 to Aug 30, 2021. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Apr 2021 | Apr 2020 | |
|---|---|---|
| Cash and equivalents | C$190,898 | C$1,264,356 |
| Short-term investments | C$0 | C$3,600 |
| Total current assets | C$680,924 | C$1,316,189 |
| Exploration and evaluation assets | C$9,315,095 | C$0 |
| Total assets | C$11,821,348 | C$1,435,161 |
| Debt | C$1,777,143 | C$0 |
| Shareholders' equity | C$11,371,269 | C$1,166,454 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2021 | FY Apr 2020 | |
|---|---|---|
| General and administrative | C$660,832 | C$363,001 |
| Share-based compensation | C$768,842 | C$376,690 |
| Impairments and write-downs | C$100,332 | C$0 |
| Net income (loss) | (C$1,881,972) | (C$1,877,030) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2021 | FY Apr 2020 | |
|---|---|---|
| Operating cash flow | (C$1,172,615) | (C$918,972) |
| Investing cash flow | C$106,317 | (C$3,972) |
| Financing cash flow | (C$7,160) | (C$12,499) |
| Exploration spending (capitalized) | (C$1,365,383) | C$0 |
| Proceeds from share issues | (C$7,160) | C$0 |
| Change in cash | (C$1,073,458) | (C$935,443) |
| Cash at end of period | C$190,898 | C$1,264,356 |
Newpath Resources Inc. financings
3 financings announced or closed by Newpath Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-12-31 | Newpath Resources Inc. (PATH) | Flow-through, non-brokered | Closed, 1 tranche | $50K | $0.033 | Newpath Announces Closing of Flow-Through Financing |
| 2023-12-20 | Newpath Resources Inc. (PATH) | Flow-through, non-brokered | Closed, 1 tranche | $120K | $0.115 | Newpath Announces Closing of Flow-Through Financing |
| 2023-09-29 | Newpath Resources Inc. (PATH) | Private placement | Closed, 1 tranche | $301K | $0.150 | Newpath Announces Private Placement Financing |
Newpath Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Newpath Resources Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2021-07-29 | Convertible debenture, closed / funded | — | C$441,000 | 7.5% |
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