Sterling Metals Corp (SAG) Financings
TSXV: SAG · Copper · Exploration stage
- Market cap$45.7M
- Share price$0.890
- 52-week range$0.830 – $2.35
- Shares outstanding51,383,411
- ExchangeTSXV
- Websitewww.sterlingmetals.ca
Sterling Metals is a mineral exploration company focused on large scale and high-grade Canadian exploration opportunities. The Company is advancing the 25,000-hectare Soo Copper Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. Both opportunities have demonstrated potential for important new copper discoveries, underscoring Sterling's commitment to pioneering exploration in mineral rich Canada.
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Sterling Metals Corp financial statements
Key figures read from 39 of 40 financial statement filings, Nov 28, 2016 to Aug 21, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$12,675,603 | C$1,417,285 | C$3,811,689 | C$3,260,978 | C$2,428,636 |
| Short-term investments | — | C$16,890 | C$31,130 | — | — |
| Total current assets | C$13,078,980 | C$1,567,636 | C$4,127,942 | C$3,572,256 | C$3,024,611 |
| Total current liabilities | — | — | C$634,353 | C$342,056 | C$272,830 |
| Working capital | — | — | C$3,493,589 | C$3,230,200 | C$2,751,781 |
| Exploration and evaluation assets | — | — | — | — | C$0 |
| Total assets | C$1,621,904 | C$429,075 | C$17,893,675 | C$12,438,595 | C$9,127,117 |
| Total liabilities | C$1,621,904 | C$429,075 | C$634,353 | C$342,056 | C$272,830 |
| Shareholders' equity | — | — | C$17,259,322 | C$12,096,539 | C$8,854,287 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$29,337 | C$757 | — | — | C$0 |
| General and administrative | C$346,541 | C$329,928 | C$300,323 | C$291,136 | C$319,120 |
| Share-based compensation | C$1,039,625 | — | C$671,700 | C$584,400 | C$306,700 |
| Net income (loss) | (C$6,751,702) | (C$10,718,952) | (C$1,564,255) | (C$1,540,747) | (C$1,375,180) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,719,353) | (C$666,859) | (C$1,267,622) | (C$875,918) | (C$954,995) |
| Investing cash flow | (C$5,059,150) | (C$2,676,209) | (C$4,134,392) | (C$2,763,833) | (C$2,850,441) |
| Financing cash flow | C$18,036,821 | C$948,664 | C$5,952,725 | C$4,472,093 | C$3,470,643 |
| Proceeds from share issues | C$18,036,821 | C$948,664 | C$5,952,725 | C$4,472,093 | C$3,470,643 |
| Change in cash | C$11,258,318 | (C$2,394,404) | — | — | (C$334,793) |
| Cash at end of period | C$12,675,603 | C$1,417,285 | C$3,811,689 | C$3,260,978 | C$2,428,636 |
Sterling Metals Corp financings
2 financings announced or closed by Sterling Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-11-10 | Sterling Metals Corp (SAG) | Flow-through, non-brokered | Closed, 1 tranche | $14.0M | $1.50 | On Monday 11 10, 2025 at 7:30AM ET Sterling Metals Announces Upsize of Private Placement of Units and Flow-Through Units |
| 2025-07-28 | Sterling Metals Corp (SAG) | Flow-through, non-brokered | Closed, 1 tranche | $2.5M | $0.420 | On Monday 07 28, 2025 at 7:30AM ET Sterling Metals Announces Closing of Private Placement of Units and Flow-through Shares |