Perseverance Metals Inc (PMI) Financials
TSXV: PMI · PGM, Lithium, Nickel · Exploration stage
- Market cap$35.7M
- Share price$0.630
- 52-week range$0.370 – $1.22
- Shares outstanding56,731,136
- ExchangeTSXV
- Websitewww.perseverancemetals.com
Perseverance Metals is a critical minerals explorer with a project portfolio that is strategically located in key North American Ni-Cu-Co-PGE and hard rock lithium regions, including Québec's prolific James Bay district and Michigan's productive Mid-Continent Rift. Our strict science-driven approach and extensive track record of discovery as leveraged via an exceptional technical advisory board, coupled with an industry-leading team armed with next-generation exploration tools, provide us with a distinct competitive advantage. This offers a unique opportunity for investors to be exposed to a portfolio of projects with the potential for multiple discoveries. Perseverance's exploration assets include: i). the Lac Gayot high-grade Ni-Cu-Co-PGE and lithium pegmatite project, which covers the entirety of the 30km Venus Greenstone Belt in Québec, featuring multiple, very high-grade Ni-Cu-Co-PGE showings and zones along with numerous large spodumene-bearing pegmatites; ii). the Voyageur Ni-Cu-Co-PGE project which covers over 690 km 2 of the Upper Peninsula in Michigan, 65 kilometres west of the only producing nickel mine in the United States, and; iii). the Armit Lake Ni-Cu-Co and gold project, which is the consolidated and underexplored western half of the nickel- and gold-rich Savant Lake Greenstone Belt in Ontario.
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Perseverance Metals Inc financial statements
Key figures read from 4 of 4 financial statement filings, Nov 27, 2025 to Aug 21, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | |
|---|---|---|
| Cash and equivalents | C$1,120,425 | C$814,436 |
| Total current assets | C$1,912,500 | C$1,630,197 |
| Exploration and evaluation assets | C$4,083,117 | C$3,200,665 |
| Property, plant and equipment | C$11,285 | C$14,475 |
| Total assets | C$6,079,544 | C$4,888,504 |
| Total liabilities | C$457,030 | C$1,059,621 |
| Shareholders' equity | C$5,622,514 | C$3,828,883 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Exploration and evaluation expense | C$4,801,221 | C$3,237,131 |
| General and administrative | C$421,369 | C$340,837 |
| Share-based compensation | C$102,036 | C$218,435 |
| Net income (loss) | (C$4,238,912) | (C$3,042,924) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Operating cash flow | (C$6,233,220) | (C$3,926,042) |
| Investing cash flow | (C$33,106) | (C$16,502) |
| Financing cash flow | C$6,579,905 | C$2,253,573 |
| Exploration spending (capitalized) | C$0 | (C$550) |
| Property, plant and equipment spending | C$0 | (C$15,952) |
| Proceeds from share issues | C$6,579,905 | C$2,102,006 |
| Change in cash | C$313,579 | (C$1,688,971) |
| Cash at end of period | C$1,120,425 | C$814,436 |
Perseverance Metals Inc financings
2 financings announced or closed by Perseverance Metals Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-15 | Perseverance Metals Inc (PMI) | Private placement, non-brokered | Closed, 1 tranche | $11.8M | $0.650 | Perseverance Metals Announces C$8 Million Private Placement Financing |
| 2026-02-11 | Perseverance Metals Inc (PMI) | Flow-through, private placement, non-brokered | Closed, 2 tranches | $8.2M | $0.650 | Perseverance Metals Announces Private Placement Financing |
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