Silver North Resources Ltd. (SNAG) Financings
TSXV: SNAG · Silver · Exploration stage
- Market cap$24.8M
- Share price$0.230
- 52-week range$0.190 – $0.570
- Shares outstanding107,995,873
- ExchangeTSXV
- Websitewww.silvernorthres.com
Silver Norths primary assets are its 100% owned Haldane Silver Project (located next to Hecla Mining Inc.s Keno Hill Mine) and the Tim and Veronica silver projects (located in the Silvertip District of southern Yukon and northern British Columbia). At its flagship Haldane Project, the Company has made three Keno-style silver vein discoveries in only 24 drillholes. Exploration is focussed on the recent discovery at the Main Zone, where drilling has intersected high grade silver mineralization over wide intervals. Silver North is fully funded for its 2026 and 2027 drilling campaigns and is listed on the TSX Venture Exchange under the symbol 'SNAG'; additionally, it trades in the US on the OTCQB (under the symbol 'TARSF') and in Europe on the Frankfurt Stock Exchange (trading symbol 'I90').
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Silver North Resources Ltd. financial statements
Key figures read from 39 of 39 financial statement filings, Dec 15, 2016 to May 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,828,062 | C$709,647 | C$135,203 | C$403,093 | C$412,676 |
| Short-term investments | — | C$0 | C$4,500 | C$161,799 | — |
| Total current assets | C$8,428,830 | C$6,949,072 | C$6,963,060 | C$7,161,421 | C$7,772,093 |
| Total current liabilities | C$1,429,810 | C$1,214,875 | C$883,687 | C$1,104,175 | C$461,944 |
| Working capital | C$6,999,020 | C$5,734,197 | C$6,079,373 | C$6,057,246 | C$7,310,149 |
| Exploration and evaluation assets | C$8,414,909 | C$6,873,183 | C$6,881,645 | C$7,025,515 | C$7,708,379 |
| Total assets | C$10,792,400 | C$7,802,451 | C$7,162,990 | C$8,094,131 | C$8,379,553 |
| Shareholders' equity | C$10,792,400 | C$7,802,451 | C$7,162,990 | C$8,094,131 | C$8,379,553 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$60,309 | C$3,986 | C$133,008 | C$341,966 | — |
| General and administrative | C$189,105 | C$223,004 | C$232,504 | C$208,044 | C$225,317 |
| Share-based compensation | C$58,372 | C$336,735 | C$0 | C$365,300 | C$202,304 |
| Impairments and write-downs | C$0 | C$0 | (C$42,706) | — | C$0 |
| Net income (loss) | (C$405,619) | (C$2,031,413) | (C$795,040) | (C$2,051,990) | (C$939,124) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,110,338) | (C$1,300,229) | (C$369,853) | (C$435,882) | (C$1,338,738) |
| Investing cash flow | (C$1,481,025) | (C$343,205) | (C$224,292) | (C$49,243) | (C$3,325,619) |
| Financing cash flow | C$3,757,997 | C$2,219,820 | C$106,965 | C$729,630 | C$4,706,905 |
| Exploration spending (capitalized) | (C$1,545,665) | (C$369,274) | (C$452,748) | (C$12,341) | (C$3,298,056) |
| Proceeds from share issues | C$3,820,050 | C$2,392,380 | C$0 | C$750,000 | C$4,448,315 |
| Change in cash | C$1,118,415 | C$574,444 | (C$501,971) | C$224,498 | C$50,613 |
| Cash at end of period | C$1,828,062 | C$709,647 | C$135,203 | C$637,174 | C$412,676 |
Silver North Resources Ltd. financings
2 financings announced or closed by Silver North Resources Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-16 | Silver North Resources Ltd. (SNAG) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $11.6M | $0.400 | Silver North Announces Upsize of Brokered LIFE Private Placement for Gross Proceeds of up to C$7.0 Million |
| 2025-12-19 | Silver North Resources Ltd. (SNAG) | Flow-through, non-brokered | Closed, 1 tranche | $2.3M | $0.350 | Silver North Announces Closing of $2.25 Million Flow Through Share Private Placement |