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Red Canyon Resources Ltd. (REDC) Financings

CSE: REDC · Copper · Exploration stage

Red Canyon Resources Ltd. is a mineral resource company principally engaged in the acquisition and exploration of mineral resource properties. Its objective is to locate and develop copper and associated precious metals, currently focusing on the exploration and development of its principal project, the Kendal Property, located in British Columbia, Canada. The Company also holds a secondary property, the Scraper Springs Property.

Red Canyon Resources Ltd. financial statements

Key figures read from 11 of 11 financial statement filings, Nov 29, 2023 to Aug 28, 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 2025Dec 2024Dec 2023Dec 2022
Cash and equivalentsC$2,142,673C$688,031C$968,620C$269,396
Total current assetsC$2,492,262*C$880,739*C$1,055,324*C$305,048*
Total current liabilitiesC$601,491C$150,977——
Working capitalC$1,890,771C$729,762——
Exploration and evaluation assetsC$5,429,826C$4,188,623C$1,920,710C$1,015,386
Property, plant and equipmentC$2,143C$3,048C$2,254C$883
Total assetsC$8,096,231C$5,192,410C$3,098,288C$1,321,317
Total liabilitiesC$1,442,111C$575,421C$273,789C$229,970
Shareholders' equityC$6,654,120C$4,616,989C$2,824,499C$1,091,347

* 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 Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022
Exploration and evaluation expenseC$11,132C$42,429C$37,536C$55,999
General and administrativeC$106,539C$130,777C$36,547C$48,895
Share-based compensationC$0C$191,093C$37,307C$30,482
Impairments and write-downs(C$397,269)(C$107,748)——
Net income (loss)(C$1,038,812)(C$616,863)(C$237,504)(C$258,879)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022
Operating cash flow(C$562,581)(C$620,103)(C$534,834)(C$176,325)
Investing cash flow(C$1,902,515)(C$2,190,268)(C$1,167,462)(C$444,721)
Financing cash flowC$3,922,245C$2,525,084C$2,402,524C$119,722
Exploration spending (capitalized)(C$1,850,515)(C$2,188,768)(C$1,045,610)(C$444,721)
Property, plant and equipment spendingC$0(C$1,500)(C$1,852)C$0
Proceeds from share issuesC$3,922,245C$2,525,084C$2,402,524C$119,722
Change in cashC$1,454,369(C$281,010)C$699,777(C$498,710)
Cash at end of periodC$2,162,742C$708,373C$989,383C$289,606

Red Canyon Resources Ltd. financings

5 financings announced or closed by Red Canyon Resources Ltd., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-10-01Red Canyon Resources Ltd. (REDC)Flow-through, non-brokeredAnnounced$1.0M$0.200Red Canyon Announces Flow-Through Financing
2026-02-25Red Canyon Resources Ltd. (REDC)LIFE offering, non-brokeredClosed, 2 tranches$3.5M$0.200Red Canyon Announces Non-Brokered Private Placements for Gross Proceeds of up to C$3,500,000
2025-08-26Red Canyon Resources Ltd. (REDC)Flow-through, non-brokeredClosed, 1 tranche$2.3M$0.272Announcing Charity Flow-Through
2025-02-24Red Canyon Resources Ltd. (REDC)Private placement, non-brokeredClosed, 2 tranches$2.0M$0.160Red Canyon Announces Non-Brokered Private Placement
2024-05-02Red Canyon Resources Ltd. (REDC)Private placement, non-brokeredClosed, 2 tranches$1.5M$0.220Red Canyon Announces Non-Brokered Private Placement

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