Skeleton Coast Uranium Corp (SKEL) Financings
TSXV: SKEL · Uranium · Exploration stage
- Market cap$5.7M
- Share price$0.120
- 52-week range$0.096 – $0.480
- Shares outstanding47,640,184
- ExchangeTSXV
- Websitewww.skeletoncoasturanium.com
Skeleton Coast Uranium Corp. holds options to acquire 70-75% controlling interests in five Exclusive Prospecting Licences (EPLs) located in the Erongo Region of Namibia, a country which accounted for approximately 12% of global mined uranium production in 2024 (World Nuclear Association). The EPLs cover 610 km 2 and position the Company as one of the largest licence holders in the region. All of the concessions are reported in historical records to host uranium mineralisation (unverified historical information; see Technical Information) and are located either adjacent to, or within approximately 30 km of, one of the region's three uranium mines (i.e. Langer Heinrich, Rössing or Husab); see Technical Information below. Under the terms of its option agreements, Skeleton Coast Uranium is required to incur CAD$5 million in exploration expenditures across the five EPLs by June 2028.
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Skeleton Coast Uranium Corp financial statements
Key figures read from 40 of 40 financial statement filings, Nov 25, 2016 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,333,442 | C$129,265 | C$215,945 | C$374,516 | C$979,137 |
| Total current assets | C$2,346,811 | C$162,030 | C$229,934 | C$396,551 | C$1,031,237 |
| Total current liabilities | C$1,962,342 | C$1,278,644 | C$659,645 | C$117,966 | C$32,602 |
| Working capital | C$384,469 | (C$1,116,614) | (C$429,711) | C$278,585 | C$998,635 |
| Exploration and evaluation assets | C$280,166 | — | — | — | C$0 |
| Total assets | C$2,658,977 | C$194,030 | C$261,934 | C$428,551 | C$1,063,237 |
| Shareholders' equity | C$696,635 | (C$1,084,614) | (C$397,711) | C$310,585 | C$1,030,635 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$669,233 | C$535,334 | C$514,509 | C$545,470 | C$716,848 |
| Share-based compensation | — | — | — | C$0 | C$140,730 |
| Net income (loss) | — | (C$686,903) | (C$708,296) | (C$720,050) | (C$1,375,101) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Mar 2026 | FY Mar 2025 | FY Mar 2024 | FY Mar 2023 | FY Mar 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$180,160) | (C$86,680) | (C$158,571) | (C$604,621) | (C$1,242,487) |
| Investing cash flow | (C$280,166) | — | — | — | C$0 |
| Financing cash flow | C$2,664,503 | — | — | C$0 | C$1,971,464 |
| Exploration spending (capitalized) | (C$280,166) | — | — | — | C$0 |
| Proceeds from share issues | (C$21,000) | — | — | — | C$2,000,000 |
| Change in cash | C$2,204,177 | (C$86,680) | (C$158,571) | (C$604,621) | C$728,977 |
| Cash at end of period | C$2,333,442 | C$129,265 | C$215,945 | C$374,516 | C$979,137 |
Skeleton Coast Uranium Corp financings
3 financings announced or closed by Skeleton Coast Uranium Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-10-09 | Skeleton Coast Uranium Corp (SKEL) | Private placement, non-brokered | Announced | $5.0M | $0.125 | Skeleton Coast Uranium Provides Update on Private Placement |
| 2026-09-21 | Skeleton Coast Uranium Corp (SKEL) | Private placement, non-brokered | Announced | $5.0M | $0.150 | Skeleton Coast Uranium Announces Private Placement |
| 2026-02-23 | Skeleton Coast Uranium Corp (SKEL) | Private placement, non-brokered | Closed, 1 tranche | $5.0M | $0.135 | Glacier Lake Resources Inc. Options Namibia Uranium Exploration Licences and Announces Proposed Name Change to Skeleton Coast Uranium Corp., Share Consolidation and Non-Brokered Private Placement of up to $5,000,000 |