Mineral Road Discovery Inc. (ROAD) Financings
CSE: ROAD · Gold, Vanadium · Exploration stage
- Market cap$8.8M
- Share price$0.200
- 52-week range$0.040 – $0.250
- Shares outstanding43,999,895
- ExchangeCSE
- Properties7
- Websitemineralroad.ca
The Company’s principal business activity is the acquisition, exploration and evaluation of mineral property assets in Canada and Australia, and the investment in mineral exploration companies and related mining technologies of merit. The Company’s Canadian mineral property assets include various land and corporate ownership positions.
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Mineral Road Discovery Inc. financial statements
Key figures read from 22 of 22 financial statement filings, May 2, 2019 to Jan 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| May 2025 | May 2024 | May 2023 | May 2022 | May 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$50,435 | C$155,457 | C$10,320 | C$0 | C$6,061 |
| Short-term investments | C$2,545,897 | C$751,792 | C$1,720,412 | C$3,159,300 | C$4,553,408 |
| Total current assets | C$3,172,459* | C$1,455,033* | C$2,543,848* | C$5,724,353* | C$8,443,528* |
| Exploration and evaluation assets | C$4,297,927 | C$1,067,653 | C$1,335,186 | C$7,273,677 | C$1,807,340 |
| Property, plant and equipment | C$0 | C$16,903 | C$22,192 | C$32,422 | C$3,160 |
| Total assets | C$7,585,682 | C$5,039,589 | C$6,825,315 | C$19,980,711 | C$17,739,392 |
| Debt | C$224,221 | C$87,259 | C$2,580,104 | C$623,731 | C$662,518 |
| Total liabilities | C$1,874,640 | C$1,145,463 | C$1,094,061 | C$2,004,259 | — |
| Shareholders' equity | C$6,400,912 | C$4,378,116 | C$6,149,355 | C$13,936,624 | C$14,635,786 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | FY May 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$1,400 | — | C$0 | C$60,726 | C$698,147 |
| General and administrative | C$1,123,194 | C$737,356 | C$1,022,482 | C$1,329,983 | C$1,656,717 |
| Share-based compensation | C$236,870 | (C$44,693) | C$788,871 | C$0 | C$163,359 |
| Impairments and write-downs | (C$60,000) | — | C$0 | (C$1,078,551) | C$0 |
| Net income (loss) | (C$1,804,939) | (C$3,140,520) | (C$9,630,397) | C$2,499,267 | — |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY May 2025 | FY May 2024 | FY May 2023 | FY May 2022 | FY May 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$401,670) | (C$1,295,496) | (C$1,239,448) | (C$6,630,751) | C$120,516 |
| Investing cash flow | (C$976,737) | C$610,158 | C$533,355 | C$6,325,377 | (C$1,565,369) |
| Financing cash flow | C$1,273,385 | C$830,475 | C$737,495 | C$278,231 | C$1,424,363 |
| Exploration spending (capitalized) | (C$11,491) | (C$27,829) | (C$542,283) | (C$334,681) | (C$2,449,280) |
| Property, plant and equipment spending | C$0 | (C$5,919) | C$0 | (C$39,881) | (C$3,160) |
| Proceeds from share issues | C$1,451,735 | C$879,975 | C$713,808 | C$311,521 | C$908,206 |
| Change in cash | (C$105,022) | C$145,137 | C$31,402 | (C$27,143) | (C$20,490) |
| Cash at end of period | C$50,435 | C$155,457 | C$10,320 | (C$21,082) | C$6,061 |
No financings are on record for Mineral Road Discovery Inc. yet.
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