Log In

Don't have an account? Sign up

Sun Summit Minerals Corp (SMN) Financings

TSXV: SMN · Gold, Copper · Advanced Exploration stage

Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion, and advancement of district-scale gold and copper assets in British Columbia. The Company's portfolio is anchored by its flagship JD Project, alongside the Theory Project, and the Orbit Project in the prolific Toodoggone region of north-central BC, and the Buck Project in central B.C.

Sun Summit Minerals Corp financial statements

Key figures read from 40 of 40 financial statement filings, Oct 28, 2016 to Jul 29, 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.

Nov 2025Nov 2024Nov 2023Nov 2022Nov 2021
Cash and equivalentsC$1,247,767C$285,182C$881,003C$2,123,647C$2,159,042
Short-term investmentsC$298,248C$196C$474C$636C$875
Total current assetsC$2,653,561*C$550,172*C$1,123,945*C$2,390,761*C$2,710,943*
Total current liabilitiesC$318,922C$176,462C$240,587C$551,066C$638,653
Working capitalC$2,334,639C$373,710C$883,358C$1,839,695C$2,072,290
Exploration and evaluation assetsC$2,108,615C$1,743,615C$949,615C$652,797C$500,297
Property, plant and equipmentC$21,148C$23,316C$29,145C$36,430C$36,373
Total assetsC$5,002,524C$2,500,704C$2,238,706C$3,497,186C$3,275,113
Shareholders' equityC$4,683,602C$2,324,242C$1,998,119C$2,946,120C$2,636,460

* 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 Nov 2025FY Nov 2024FY Nov 2023FY Nov 2022FY Nov 2021
Exploration and evaluation expenseC$8,170,856C$2,503,749C$2,821,028C$4,480,186C$5,583,985
General and administrativeC$415,223C$375,868C$264,445C$289,995C$270,385
Share-based compensationC$626,266C$661,291C$19,207C$234,031C$1,635,850
Impairments and write-downs—(C$50,000)(C$305,197)—C$0
Net income (loss)(C$8,752,472)(C$4,427,088)—(C$4,799,680)(C$7,502,743)

Cash flow statement: annual key figures

Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.

FY Nov 2025FY Nov 2024FY Nov 2023FY Nov 2022FY Nov 2021
Operating cash flow(C$11,131,278)(C$3,906,378)(C$3,826,849)(C$5,771,435)(C$6,682,763)
Investing cash flow(C$258,720)(C$367,600)(C$99,000)C$83,852(C$436,764)
Financing cash flowC$12,352,583C$3,678,157C$2,683,205C$5,652,188C$6,232,699
Exploration spending (capitalized)(C$220,000)(C$270,000)(C$75,000)(C$25,000)(C$47,119)
Property, plant and equipment spending——C$0(C$8,596)(C$36,839)
Proceeds from share issuesC$12,352,583C$3,678,157C$2,683,205C$5,636,888C$4,623,016
Change in cashC$962,585(C$595,821)(C$1,242,644)(C$35,395)(C$886,827)
Cash at end of periodC$1,247,767C$285,182C$881,003C$2,123,647C$2,159,042

Sun Summit Minerals Corp financings

7 financings announced or closed by Sun Summit Minerals Corp, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-08-06Sun Summit Minerals Corp (SMN)Flow-through, private placement, non-brokeredClosed, 1 tranche$4.0M$0.145Sun Summit Announces Non-Brokered Private Placement of up to $4 Million to Expand the 2026 Drill Program at the JD Project to 15,000 Meters
2025-12-12Sun Summit Minerals Corp (SMN)Flow-through, non-brokeredClosed, 1 tranche$11.5M$0.140Sun Summit Announces Upsized Non-Brokered Private Placement of up to $11.5 Million
2025-04-24Sun Summit Minerals Corp (SMN)Flow-through, private placement, non-brokeredClosed, 1 tranche$10.1M$0.105Sun Summit Announces Non-Brokered Private Placement of up to $3.5 Million
2024-12-02Sun Summit Minerals Corp (SMN)Flow-through, private placement, non-brokeredClosed, 1 tranche$3.5M$0.145Sun Summit Announces Non-Brokered Private Placement of Flow-Through Units and Non- Flow-Through Units
2024-06-27Sun Summit Minerals Corp (SMN)Flow-through, private placement, non-brokeredClosed, 1 tranche$1.3M$0.210Sun Summit Announces Non-Brokered Private Placement of Flow-Through Units and Non-Flow-Through Units
2024-04-02Sun Summit Minerals Corp (SMN)Flow-through, private placement, non-brokeredClosed, 1 tranche$2.5M$0.110Sun Summit Announces Revision of Non- Brokered Private Placement and Reduction of 2024 Exploration Commitment
2024-03-11Sun Summit Minerals Corp (SMN)Flow-through, private placement, non-brokeredAnnounced$3.0M$0.150Sun Summit Announces Non-Brokered Private Placement of Flow-Through Units and Non- Flow-Through Units

Related lists

Browse MineTerminal Pro

Explore mining stocks: Gold stocks Copper stocks Silver stocks Lithium stocks Uranium stocks Nickel stocks Canada British Columbia United States Ontario Quebec Insider buying Top drill results All lists