Scotia Metals Corp. (SMET) Financings
CSE: SMET · Lithium · Exploration stage
- Market cap$12.0M
- Share price$0.265
- 52-week range$0.265 – $0.450
- Shares outstanding45,353,041
- ExchangeCSE
- Websitewww.scotiametals.com
Scotia Metals Corp. is advancing the Acadia Lithium Project (Formerly the L3 Project), a 390 km² land package within Atlantic Canada’s underexplored, spodumene-bearing South Mountain Batholith.
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Scotia Metals Corp. financial statements
Key figures read from 22 of 22 financial statement filings, Sep 29, 2020 to Jun 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$259,213 | C$5,058 | C$54,859 | C$653,348 | C$2,313,209 |
| Short-term investments | — | C$0 | C$82,000 | — | — |
| Total current assets | — | — | C$264,237 | C$897,460* | C$3,439,825* |
| Exploration and evaluation assets | — | — | C$0 | C$2,252,191 | C$2,851,840 |
| Total assets | C$274,298 | C$10,365 | C$264,237 | C$3,149,651 | C$6,291,665 |
| Total liabilities | C$1,112,899 | C$1,090,774 | C$1,461,538 | C$1,954,203 | C$416,891 |
| Shareholders' equity | (C$838,601) | (C$1,080,409) | (C$1,197,301) | C$1,195,448 | C$5,874,774 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jan 2026 | FY Jan 2025 | FY Jan 2024 | FY Jan 2023 | FY Jan 2022 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | C$10,883 | C$3,354,041 | C$799,766 |
| General and administrative | C$407,907 | (C$574,534) | (C$377,494) | C$652,020 | C$599,289 |
| Share-based compensation | — | — | — | C$0 | C$413,922 |
| Net income (loss) | (C$477,952) | (C$160,108) | C$27,065 | (C$5,292,346) | (C$2,651,522) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jan 2026 | FY Jan 2025 | FY Jan 2024 | FY Jan 2023 | FY Jan 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$465,605) | (C$424,961) | (C$860,369) | (C$2,283,381) | (C$3,040,163) |
| Investing cash flow | C$0 | C$42,384 | C$48,880 | (C$137,000) | (C$211,000) |
| Financing cash flow | C$719,760 | C$332,776 | C$213,000 | C$760,520 | C$3,672,193 |
| Exploration spending (capitalized) | — | C$0 | (C$301,120) | (C$137,000) | (C$211,000) |
| Proceeds from share issues | C$719,760 | C$277,000 | C$213,000 | C$573,520 | C$3,530,943 |
| Change in cash | C$254,155 | (C$49,801) | (C$598,489) | (C$1,659,861) | C$421,030 |
| Cash at end of period | C$259,213 | C$5,058 | C$54,859 | C$653,348 | C$2,313,209 |
Scotia Metals Corp. financings
3 financings announced or closed by Scotia Metals Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-28 | Scotia Metals Corp. (SMET) | Flow-through, non-brokered | Closed, 1 tranche | $1.2M | $0.325 | Scotia Metals Announces Closing of Business Combination and Concurrent Financing |
| 2025-08-25 | Scotia Metals Corp. (SMET) | Private placement, non-brokered | Closed, 1 tranche | $720K | $0.005 | Cross River Announces Non-Brokered Private Placement |
| 2024-02-05 | Scotia Metals Corp. (SMET) | Private placement, non-brokered | Closed, 1 tranche | $277K | $0.005 | Leadership Changes and Private Placement |