Quebec Rare Earth Elements Corp. (QREE) Financings
CSE: QREE · REE, Gold, Silver · Exploration stage
- Market cap$3.5M
- Share price$0.070
- 52-week range$0.045 – $0.230
- Shares outstanding50,331,012
- ExchangeCSE
- Properties7
- Websiteqree.ca
Quebec Rare Earth Elements Corp. is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, Quebec Rare Earth Elements is one of the largest landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where other junior mining companies, Generation Mining and Clean Air Metals are advancing their sizable high-grade platinum-palladium +/- copper-nickel-silver-gold projects. Quebec Rare Earth Elements also holds sizable land positions in British Columbia’s Golden Triangle.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Quebec Rare Earth Elements Corp. financial statements
Key figures read from 22 of 22 financial statement filings, Oct 2, 2020 to Mar 17, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$71,500 | C$211,518 | C$867,073 | C$1,833,823 | C$114,038 |
| Total current assets | C$78,400* | C$257,268 | C$1,130,389 | C$1,961,608 | C$140,508 |
| Total current liabilities | — | — | C$160,989 | C$540,470 | C$736,115 |
| Working capital | — | — | C$969,400 | C$1,421,138 | (C$595,607) |
| Exploration and evaluation assets | C$4,927,400 | C$2,905,002 | C$7,863,852 | C$6,745,693 | C$1,650,227 |
| Property, plant and equipment | — | — | C$0 | C$1,023,897 | C$2,692,488 |
| Total assets | C$5,005,800 | C$3,162,270 | C$8,994,241 | C$10,461,665 | C$5,216,492 |
| Debt | C$11,500 | C$10,880 | C$38,440 | C$35,800 | C$196,158 |
| Total liabilities | C$157,300 | C$135,964 | C$160,989 | C$1,906,361 | C$2,137,629 |
| Shareholders' equity | C$4,848,500 | — | C$8,833,252 | C$8,555,304 | C$3,078,863 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | FY Apr 2021 | FY Apr 2020 | |
|---|---|---|---|---|---|
| General and administrative | C$66,900 | C$194,262 | C$807,594 | C$439,135 | C$1,290,529 |
| Share-based compensation | — | C$0 | C$828,737 | C$210,868 | C$0 |
| Impairments and write-downs | — | C$0 | C$0 | (C$1,659,191) | C$0 |
| Net income (loss) | (C$208,400) | (C$8,748,588) | (C$3,331,133) | (C$2,915,946) | (C$1,921,292) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | FY Apr 2021 | FY Apr 2020 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$123,200) | (C$337,183) | (C$1,144,681) | (C$947,781) | (C$556,259) |
| Investing cash flow | (C$16,400) | (C$293,372) | (C$2,117,106) | (C$569,123) | (C$297,105) |
| Financing cash flow | (C$400) | (C$25,000) | C$2,295,037 | C$3,236,689 | C$655,000 |
| Exploration spending (capitalized) | (C$6,400) | (C$293,372) | (C$1,582,389) | (C$494,123) | (C$297,105) |
| Proceeds from share issues | (C$400) | C$0 | C$2,295,037 | C$3,401,835 | C$0 |
| Change in cash | (C$140,000) | (C$655,555) | (C$966,750) | C$1,719,785 | (C$198,364) |
| Cash at end of period | C$71,500 | C$211,518 | C$867,073 | C$1,833,823 | C$114,038 |
Quebec Rare Earth Elements Corp. financings
1 financing announced or closed by Quebec Rare Earth Elements Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-05-16 | Quebec Rare Earth Elements Corp. (QREE) | Flow-through, non-brokered | Closed, 1 tranche | $1.0M | $0.150 | Quebec Rare Earth Elements Announces Private Placement |
Related lists
- Rare Earth stocks
- CSE rare earth stocks
- Rare earth explorers
- Canada rare earth stocks
- Ontario rare earth stocks
- Quebec mining stocks
- Canada mining stocks
- Ontario mining stocks
- CSE mining stocks