Q2 Metals Corp. (QTWO) Financings
TSXV: QTWO · Lithium, Diamonds · Advanced Exploration stage
- Market cap$396.8M
- Share price$1.84
- 52-week range$0.800 – $3.42
- Shares outstanding215,655,744
- ExchangeTSXV
- Websitewww.q2metals.com
Q2 Metals is a Canadian mineral exploration company focused on advancing the Cisco Lithium Project which is located within the greater Nemaska traditional territory of the Eeyou Istchee, James Bay region of Québec, Canada. The Cisco Deposit is strategically situated just 6.5 km from the Billy Diamond Highway, providing access to rail infrastructure in the Town of Matagami, ~150 km to the south, with connections to deep seaports beyond. The current Inferred Mineral Resource Estimate on the Cisco Deposit outlines a pit-constrained resource of 270 Mt grading 1.36% Li 2 O at a 0.4% Li 2 O cut-off grade and an additional underground-constrained resource of 24 Mt grading 1.34% Li 2 O Inferred at a 0.7% Li 2 O cut-off grade. Together, these support a combined inferred mineral resource of 295 Mt grading 1.36% Li 2 O. The Cisco Deposit remains open along strike, with several additional high-priority targets identified across the broader 41,253 ha project area.
- Company Overview
- Interactive Economic Study
- Mining Data
- News
- Financials
- Management Team
- Insider Sales
- SEDAR+ Filings
Q2 Metals Corp. financial statements
Key figures read from 40 of 40 financial statement filings, Oct 26, 2016 to Jul 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$16,601,359 | C$12,385,275 | C$5,871,420 | C$12,010,842 | C$946,403 |
| Total current assets | C$17,949,077 | C$13,189,923 | C$6,765,702 | C$12,141,799 | C$1,215,025 |
| Total current liabilities | C$6,088,671 | C$1,857,794 | — | — | — |
| Working capital | C$11,860,406 | C$11,332,129 | — | — | — |
| Exploration and evaluation assets | C$65,373,625 | C$35,702,873 | C$22,077,412 | C$7,202,271 | C$3,552,574 |
| Total assets | C$83,386,139 | C$48,910,233 | C$28,860,551 | C$19,361,507 | C$4,782,749 |
| Debt | — | — | C$0 | C$28,074 | C$28,146 |
| Total liabilities | C$9,078,671 | C$2,123,794 | C$2,081,333 | C$1,902,920 | C$202,116 |
| Shareholders' equity | C$74,330,342 | C$46,619,675 | C$26,612,641 | C$17,291,128 | C$4,410,796 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2023 | FY Feb 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$697,670 | C$539,568 | C$372,508 | C$368,706 | C$234,942 |
| Share-based compensation | C$6,979,496 | C$4,765,442 | C$1,038,199 | C$936,338 | C$826,000 |
| Net income (loss) | (C$13,464,518) | (C$5,449,847) | (C$196,324) | (C$1,898,841) | (C$2,251,394) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2023 | FY Feb 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$2,757,655) | (C$1,465,154) | (C$1,591,363) | (C$748,821) | (C$816,892) |
| Investing cash flow | (C$18,672,312) | (C$8,267,335) | (C$5,976,741) | (C$437,197) | (C$322,643) |
| Financing cash flow | C$25,646,051 | C$16,246,344 | C$1,428,682 | C$12,250,457 | C$2,044,458 |
| Exploration spending (capitalized) | (C$18,581,461) | (C$8,267,335) | (C$5,976,741) | (C$437,197) | (C$47,318) |
| Change in cash | C$4,216,084 | C$6,513,855 | (C$6,139,422) | C$11,064,439 | C$904,923 |
| Cash at end of period | C$16,601,359 | C$12,385,275 | C$5,871,420 | C$12,010,842 | C$946,403 |
Q2 Metals Corp. financings
4 financings announced or closed by Q2 Metals Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-29 | Q2 Metals Corp. (QTWO) | Flow-through, brokered | Closed, 1 tranche | $70.0M | $2.45 | Q2 Metals Announces $60 Million Private Placement |
| 2025-07-23 | Q2 Metals Corp. (QTWO) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $26.0M | $1.00 | Q2 Metals Announces $20 Million LIFE Private Placement of Flow-Through Shares |
| 2024-07-10 | Q2 Metals Corp. (QTWO) | Flow-through, non-brokered | Closed, 2 tranches | $6.9M | $0.463 | Q2 Metals Announces $7.5 Million Private Placement |
| 2023-12-04 | Q2 Metals Corp. (QTWO) | Private placement | Announced | $2.0M | — | Q2 Metals Receives Proceeds of $2.0 Million from Shareholder Warrant Exercises |