ATHA Energy Corp. (SASK) Financings
TSXV: SASK · Uranium · Exploration stage
- Market cap$325.3M
- Share price$0.920
- 52-week range$0.560 – $1.40
- Shares outstanding353,536,378
- ExchangeTSXV
- Websitewww.athaenergy.com
ATHA is a Canadian mineral company engaged in the acquisition, exploration, and development of uranium assets in the pursuit of a clean energy future. With a strategically balanced portfolio including three 100%-owned post discovery uranium projects (the Angilak Project located in Nunavut, and CMB Discoveries in Labrador, and the newly discovered basement hosted GMZ high-grade uranium discovery located in the Athabasca Basin). In addition, the Company holds the largest cumulative prospective exploration land package (>6 million acres) in two of the world's most prominent basins for uranium discoveries - ATHA is well positioned to drive value. ATHA also holds a 10% carried interest in key Athabasca Basin exploration projects operated by NexGen Energy Ltd. and IsoEnergy Ltd.
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ATHA Energy Corp. financial statements
Key figures read from 20 of 20 financial statement filings, Mar 22, 2022 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$3,512,094 | C$8,110,541 | C$33,322,911 | C$6,976,683 | C$18,339 |
| Short-term investments | C$533,873 | C$151,963 | C$683,333 | C$1,046,642 | — |
| Total current assets | C$5,425,208 | C$11,740,737 | C$39,908,163* | C$40,754,673* | — |
| Total current liabilities | C$2,318,773 | C$1,925,216 | C$6,056,810 | C$34,075,711 | C$109,178 |
| Working capital | C$3,106,435 | C$9,815,521 | C$33,851,353 | C$6,678,962 | — |
| Exploration and evaluation assets | C$221,321,316 | C$201,547,037 | C$59,133,559 | C$110,000 | — |
| Property, plant and equipment | C$195,704 | C$270,108 | C$116,675 | C$122,436 | — |
| Total assets | C$227,290,294 | C$214,169,157 | C$99,158,397 | C$42,033,751 | C$23,561 |
| Total liabilities | C$9,228,619 | C$5,833,834 | C$11,391,342 | — | — |
| Shareholders' equity | C$218,061,675 | C$208,335,323 | C$87,767,055 | C$7,958,040 | (C$85,617) |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$1,254,268 | C$1,134,776 | C$2,463,549 | C$140,000 | C$95,000 |
| Share-based compensation | C$2,320,170 | C$5,172,956 | C$8,860,473 | C$567,307 | C$437 |
| Net income (loss) | (C$8,383,845) | (C$11,409,643) | (C$13,975,627) | (C$1,030,243) | (C$210,706) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | FY Jan 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$10,349,150) | (C$4,208,995)* | (C$220,097)* | (C$6,661)* | — |
| Investing cash flow | (C$18,099,963) | (C$18,316,430)* | (C$1,189,552)* | — | — |
| Financing cash flow | (C$608,257) | C$19,026,653* | C$42,092,993* | C$25,000* | — |
| Exploration spending (capitalized) | (C$31,015,700) | (C$18,189,103) | (C$110,000) | — | — |
| Property, plant and equipment spending | (C$143,802) | (C$127,327) | (C$32,910) | — | — |
| Proceeds from share issues | (C$431,032) | C$15,146,653 | — | — | — |
| Change in cash | (C$29,057,370) | (C$3,498,772) | C$40,683,344 | C$18,339 | C$18,339 |
| Cash at end of period | C$8,145,541 | C$37,202,911 | C$40,701,683 | C$18,339 | C$18,339 |
* Calculated from the statement's own lines: the company did not print this total with a label.
ATHA Energy Corp. financings
3 financings announced or closed by ATHA Energy Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-22 | ATHA Energy Corp. (SASK) | Convertible debenture | Closed, 1 tranche | US$25.0M | — | ATHA Energy Announces Upsizing of Convertible Debenture Financing to USD$25 Million |
| 2026-01-15 | ATHA Energy Corp. (SASK) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $28.8M | $1.02 | ATHA Energy Announces $25 Million LIFE Private Placement of Flow-Through Shares |
| 2025-08-11 | ATHA Energy Corp. (SASK) | Flow-through, private placement, brokered | Closed, 1 tranche | $10.0M | $0.600 | ATHA Energy Announces "Best Efforts" Private Placement |
ATHA Energy Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments ATHA Energy Corp. 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 |
|---|---|---|---|---|
| 2026-01-22 | Convertible debenture, proposed | — | US$25M | 12% |