Quebec Rare Earth Elements Corp. (QREE) Financials
CSE: QREE · REE, Gold, Silver · Exploration stage
- Market cap$3.3M
- Share price$0.065
- 52-week range$0.045 – $0.190
- Shares outstanding50,331,012
- ExchangeCSE
- Properties7
- Websiteqree.ca
Quebec Rare Earth Elements Corp. is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, Quebec Rare Earth Elements is one of the largest landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where other junior mining companies, Generation Mining and Clean Air Metals are advancing their sizable high-grade platinum-palladium +/- copper-nickel-silver-gold projects. Quebec Rare Earth Elements also holds sizable land positions in British Columbia’s Golden Triangle.
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Quebec Rare Earth Elements Corp. financial statements
Key figures read from 23 of 23 financial statement filings, Oct 2, 2020 to Aug 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$217,000 | C$623,900 | C$71,500 | C$211,518 | C$867,073 |
| Total current assets | C$230,600* | C$641,300* | C$78,400* | C$257,268 | C$1,130,389 |
| Total current liabilities | — | — | — | — | C$160,989 |
| Working capital | — | — | — | — | C$969,400 |
| Exploration and evaluation assets | C$3,214,500 | C$5,196,100 | C$4,927,400 | C$2,905,002 | C$7,863,852 |
| Property, plant and equipment | — | — | — | — | C$0 |
| Total assets | C$3,445,100 | C$5,837,400 | C$5,005,800 | C$3,162,270 | C$8,994,241 |
| Debt | C$12,800 | C$12,200 | C$11,500 | C$10,880 | C$38,440 |
| Total liabilities | C$47,700 | C$86,900 | C$157,300 | C$135,964 | C$160,989 |
| Shareholders' equity | C$3,397,400 | C$5,750,500 | C$4,848,500 | — | C$8,833,252 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$17,900 | C$19,900 | C$66,900 | C$194,262 | C$807,594 |
| Share-based compensation | C$0 | C$599,300 | — | C$0 | C$828,737 |
| Impairments and write-downs | — | — | — | C$0 | C$0 |
| Net income (loss) | (C$2,411,500) | (C$673,500) | (C$208,400) | (C$8,748,588) | (C$3,331,133) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$94,900) | (C$224,900) | (C$123,200) | (C$337,183) | (C$1,144,681) |
| Investing cash flow | (C$311,600) | (C$259,400) | (C$16,400) | (C$293,372) | (C$2,117,106) |
| Financing cash flow | (C$400) | (C$1,036,700) | (C$400) | (C$25,000) | C$2,295,037 |
| Exploration spending (capitalized) | (C$311,600) | (C$259,400) | (C$6,400) | (C$293,372) | (C$1,582,389) |
| Proceeds from share issues | (C$400) | C$1,036,700 | (C$400) | C$0 | C$2,295,037 |
| Change in cash | (C$406,900) | C$552,400 | (C$140,000) | (C$655,555) | (C$966,750) |
| Cash at end of period | C$217,000 | C$623,900 | C$71,500 | C$211,518 | C$867,073 |
No financings are on record for Quebec Rare Earth Elements Corp. yet.
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