Strategic Resources Inc. (SR) Financings
TSXV: SR · Vanadium, Iron, Titanium · Development stage
- Market cap$10.6M
- Share price$0.180
- 52-week range$0.160 – $0.400
- Shares outstanding59,027,995
- ExchangeTSXV
Strategic Resources (TSXV:SR) is a critical mineral development company focused on vanadium, high-purity iron and titanium; metals needed to decarbonize the global economy. Our main projects are the construction-ready BlackRock Project in Quebec and the previously operated Mustavaara mine in Finland. Phase 1 of the BlackRock Project envisages a 4 million tonne per year high-purity iron ore pelletizer at Port Saguenay, Quebec with full access to the St. Lawrence Seaway. The Company's Head Office is in Montreal, Québec.
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Strategic Resources Inc. financial statements
Key figures read from 37 of 37 financial statement filings, Nov 29, 2016 to Feb 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Jun 2024 thousands | Jun 2023 thousands | Dec 2022 | Jun 2022 thousands | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$560 | C$6,619 | C$128,847 | C$2,107 | C$961,111 |
| Short-term investments | C$2,700 | — | — | — | — |
| Total current assets | C$4,382* | C$17,980* | C$192,120 | C$13,430* | C$981,569 |
| Exploration and evaluation assets | C$6,722 | C$6,716 | C$4,106,273 | C$0 | C$3,778,602 |
| Property, plant and equipment | C$77,018 | C$149,618 | — | C$148,837 | — |
| Total assets | C$93,684 | C$179,916 | C$4,338,153 | C$163,556 | C$4,796,868 |
| Debt | — | C$0 | — | C$1,711 | — |
| Total liabilities | — | — | C$254,157 | — | C$27,537 |
| Shareholders' equity | C$72,514 | C$142,998 | C$4,083,996 | C$128,220 | C$4,769,331 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Jun 2024 thousands | FY Jun 2023 thousands | FY Dec 2022 | FY Jun 2022 thousands | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | C$192,385 | — | C$275,264 |
| General and administrative | C$990 | C$705 | C$121,853 | C$637 | C$170,708 |
| Share-based compensation | C$3,692 | C$3,890 | — | C$121 | — |
| Impairments and write-downs | C$72,871 | — | — | — | C$0 |
| Net income (loss) | (C$73,257) | (C$30,369) | (C$1,221,345) | C$39,605 | (C$1,537,337) |
Cash flow statement: annual key figures
Canadian dollars (C$). Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Jun 2024 thousands | FY Jun 2023 thousands | FY Dec 2022 | FY Jun 2022 thousands | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$5,840) | (C$6,561) | (C$1,082,139) | (C$6,960) | (C$1,253,169) |
| Investing cash flow | (C$974) | (C$4,692) | C$465 | (C$740) | (C$9,187) |
| Financing cash flow | (C$213) | C$15,289 | C$251,946 | C$2,507 | C$0 |
| Exploration spending (capitalized) | (C$3) | (C$20) | — | C$0 | C$0 |
| Property, plant and equipment spending | (C$457) | (C$399) | — | (C$740) | — |
| Proceeds from share issues | C$0 | (C$17) | — | C$0 | C$0 |
| Change in cash | (C$6,060) | (C$4,509) | (C$829,728) | (C$5,120) | (C$1,262,356) |
| Cash at end of period | C$560 | C$6,619 | C$128,847 | C$2,107 | C$961,111 |
No financings are on record for Strategic Resources Inc. yet.
Strategic Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Strategic Resources Inc. 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 |
|---|---|---|---|---|
| 2023-01-23 | Convertible note / loan, signed | — | C$500,000 | 10% |