South Atlantic Gold Inc. (SAO) Financings
TSXV: SAO · Gold · Advanced Exploration stage
- Market cap$13.6M
- Share price$0.065
- 52-week range$0.030 – $0.145
- Shares outstanding209,073,166
- ExchangeTSXV
- Websitewww.southatlanticgold.com
South Atlantic Gold is an exploration company focused on the exploration and development of gold projects in the Americas. The Company's flagship asset is the 100%-owned Pedra Branca Gold Project, located in Ceará State, northeast Brazil. The project hosts a NI 43-101 compliant Inferred Mineral Resource of 4 million tonnes grading 1.38 g/t gold (approximately 180,000 ounces of gold), as described under 'Project Context' above, and is situated within the Paleoproterozoic Troia Greenstone Belt. South Atlantic Gold is listed on the TSX Venture Exchange under the symbol 'SAO' and on the OTC Pink marketplace under the symbol 'JLRRF'.
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South Atlantic Gold Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Oct 31, 2016 to Jul 30, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,161,152 | C$225,658 | C$234,618 | C$18,634 | C$1,266,730 |
| Total current assets | C$1,187,844 | C$261,617 | C$253,475 | C$33,342 | C$1,305,975 |
| Total current liabilities | C$654,985 | — | — | — | — |
| Working capital | C$532,859 | — | — | — | — |
| Exploration and evaluation assets | C$3,531,581 | C$3,326,581 | C$3,823,891 | C$4,092,954 | C$3,326,456 |
| Property, plant and equipment | C$1,015 | C$1,355 | C$1,746 | C$2,144 | C$751 |
| Total assets | C$4,728,716 | C$3,613,985 | C$4,095,171 | C$4,170,826 | C$4,693,170 |
| Debt | C$523,587 | — | — | — | — |
| Shareholders' equity | C$4,073,731 | C$3,371,177 | C$3,629,550 | C$3,885,262 | C$4,290,164 |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | — | — | C$0 |
| General and administrative | C$349,894 | C$227,379 | C$246,014 | C$420,522 | C$339,481 |
| Share-based compensation | C$4,579 | C$6,749 | C$187,914 | C$103,592 | C$187,976 |
| Impairments and write-downs | — | — | — | C$0 | (C$436) |
| Net income (loss) | (C$406,960) | (C$265,057) | (C$1,275,024) | (C$523,494) | (C$462,698) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$520,061) | (C$457,615) | (C$708,772) | (C$325,263) | (C$330,051) |
| Investing cash flow | (C$149,380) | C$448,720 | C$197,358 | (C$937,833) | (C$1,159,662) |
| Financing cash flow | C$1,604,935 | (C$65) | C$727,398 | C$15,000 | C$1,664,073 |
| Exploration spending (capitalized) | (C$165,536) | (C$677,907) | (C$171,031) | (C$959,089) | (C$1,870,557) |
| Property, plant and equipment spending | — | — | C$0 | (C$1,798) | (C$751) |
| Proceeds from share issues | — | C$0 | C$752,040 | C$0 | C$1,750,000 |
| Change in cash | C$935,494 | (C$8,960) | C$215,984 | (C$1,248,096) | C$174,360 |
| Cash at end of period | C$1,161,152 | C$225,658 | C$234,618 | C$18,634 | C$1,266,730 |
No financings are on record for South Atlantic Gold Inc. yet.
South Atlantic Gold Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments South Atlantic Gold Inc. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-03-13 | Loan, repaid / settled | — | C$4.2M | — |
| 2026-02-13 | Loan, repaid / settled | — | C$4M | — |
| 2025-07-31 | Loan, signed | — | C$500,000 | 8% |