Route 109 Resources Inc. (RTE) Financings
TSXV: RTE · Gold · Exploration stage
- Market cap$1.3M
- Share price$0.075
- 52-week range$0.065 – $0.180
- Shares outstanding16,759,889
- ExchangeTSXV
- Websiteroute109resources.com
Route 109 Resources Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. Route109 is currently fully focused on its 100% interest in the two projects, both located in the prolific Abitibi greenstone belt: King Tut Project consists of 120 contiguous claims on 5,206 hectares Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares Route109 common shares trade under the symbol 'RTE' on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.
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Route 109 Resources Inc. financial statements
Key figures read from 34 of 34 financial statement filings, Jan 29, 2018 to Jul 30, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$181,230 | C$1,238,404 | C$581,126 | C$1,418,839 | C$2,757,978 |
| Total current assets | C$202,750 | C$1,245,952 | C$701,681 | C$1,445,808 | C$3,029,947 |
| Total current liabilities | C$492,082 | C$200,194 | C$619,671 | C$588,834 | C$1,173,524 |
| Working capital | (C$289,332) | C$1,045,758 | C$82,010 | C$856,974 | C$1,856,423 |
| Exploration and evaluation assets | C$15,437,954 | C$14,512,164 | C$14,167,016 | C$12,615,469 | C$10,954,239 |
| Property, plant and equipment | — | C$0 | C$284 | C$632 | C$1,404 |
| Total assets | C$15,640,704 | C$15,758,116 | C$14,914,270 | C$14,196,909 | C$14,160,590 |
| Debt | C$193,863 | C$172,490 | — | — | — |
| Total liabilities | C$492,082 | C$372,684 | — | — | — |
| Shareholders' equity | C$15,148,622 | C$15,385,432 | C$14,294,599 | C$13,608,075 | C$12,987,066 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$18,646 | C$69,950 | C$73,909 | C$266,058 | C$890,216 |
| Share-based compensation | — | C$0 | C$54,787 | C$53,183 | C$394,666 |
| Net income (loss) | (C$236,810) | (C$284,369) | (C$114,653) | (C$411,632) | (C$2,217,425) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$272,492) | (C$48,078) | (C$428,295) | (C$404,896) | — |
| Investing cash flow | (C$780,182) | (C$608,548) | (C$1,162,466) | (C$1,194,243) | — |
| Financing cash flow | (C$4,500) | C$1,313,904 | C$753,048 | C$260,000 | — |
| Exploration spending (capitalized) | (C$780,182) | (C$608,548) | (C$1,147,466) | (C$1,194,243) | — |
| Proceeds from share issues | C$0 | C$1,313,904 | C$653,048 | C$0 | — |
| Change in cash | (C$1,057,174) | C$657,278 | (C$837,713) | (C$1,339,139) | — |
| Cash at end of period | C$181,230 | C$1,238,404 | C$581,126 | C$1,418,839 | C$2,757,978 |
Route 109 Resources Inc. financings
4 financings announced or closed by Route 109 Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-06-10 | Route 109 Resources Inc. (RTE) | Flow-through, LIFE offering, non-brokered | Closed, 1 tranche | $1.3M | $0.150 | BMEX Gold Announces Listed Issuer Financing Exemption (LIFE) Financing for Non- Brokered Private Placement |
| 2024-05-10 | Route 109 Resources Inc. (RTE) | Flow-through, private placement, non-brokered | Announced | $1.3M | $0.150 | BMEX Gold Inc. Announces Financing |
| 2023-12-14 | Route 109 Resources Inc. (RTE) | Flow-through, private placement, non-brokered | Closed, 2 tranches | $900K | $0.020 | BMEX Gold Inc. Announces Financing |
| 2023-08-29 | Route 109 Resources Inc. (RTE) | Flow-through, private placement, non-brokered | Terminated | $1.0M | $0.055 | BMEX Gold Announces Financing |