SLAM Exploration Ltd. (SXL) Financings
TSXV: SXL · Copper, Nickel, Cobalt · Exploration stage
- Market cap$11.2M
- Share price$0.070
- 52-week range$0.055 – $0.150
- Shares outstanding159,462,530
- ExchangeTSXV
- Websitewww.slamexploration.com
SLAM Exploration Ltd. is a publicly listed resource company with a 40,000-hectare portfolio of mineral claim holdings in the mineral-rich province of New Brunswick. The portfolio is built around the Goodwin Copper Nickel Cobalt project in the Bathurst Mining Camp ('BMC') of New Brunswick. The Company also holds the Jake Lee gold project, where a new gold vein discovered in 2025 has returned up to 40.5 g/t gold and 63.30 g/t silver from channel samples, and the Menneval gold project, where a soil anomaly measuring approximately 3,000 by 2,500 meters has returned gold-bearing samples up to 0.683 g/t gold. SLAM is a project generator and expects to receive further cash and share payments in 2026. In 2025, the Company received 1,200,000 shares plus cash from Nine Mile Metals Inc. (NINE) pursuant to the Wedge project agreement, and a cash payment of $60,000 plus 180,000 shares of a private company pursuant to the Ramsay gold agreement.
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SLAM Exploration Ltd. financial statements
Key figures read from 42 of 42 financial statement filings, Dec 14, 2016 to Sep 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$310,791 | C$121,557 | C$78,680 | C$164,102 | C$444,679 |
| Short-term investments | C$204,067 | C$73,732 | C$44,950 | C$259,683 | C$167,873 |
| Total current assets | C$612,432 | C$286,838 | C$189,050 | C$497,662 | C$710,558 |
| Total current liabilities | C$404,499 | C$304,452 | C$554,305 | C$570,325 | C$490,774 |
| Working capital | C$207,933 | (C$17,614) | (C$365,255) | (C$72,663) | C$219,784 |
| Exploration and evaluation assets | C$3,121,634 | C$1,869,805 | C$1,261,107 | C$1,157,146 | C$1,072,459 |
| Property, plant and equipment | C$14,379 | — | — | — | C$0 |
| Total assets | C$3,777,151 | C$2,197,666 | C$1,461,024 | C$1,674,989 | C$1,812,512 |
| Debt | — | — | C$0 | C$60,000 | C$54,497 |
| Total liabilities | C$424,299 | C$335,058 | C$556,030 | C$582,059 | C$511,943 |
| Shareholders' equity | C$3,352,852 | C$1,862,608 | C$904,994 | C$1,092,930 | C$1,300,569 |
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| General and administrative | (C$886,014) | (C$261,314) | C$463,928 | C$186,294 | C$325,864 |
| Share-based compensation | C$499,525 | C$14,576 | C$115,834 | C$0 | C$134,815 |
| Impairments and write-downs | (C$4,063) | — | C$0 | (C$58,194) | (C$259) |
| Net income (loss) | (C$406,397) | (C$314,977) | (C$628,620) | (C$280,436) | (C$35,940) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$206,344) | (C$202,844) | (C$87,266) | (C$108,972) | (C$202,133) |
| Investing cash flow | (C$1,000,642) | (C$721,654) | (C$235,622) | (C$237,722) | (C$180,817) |
| Financing cash flow | C$1,396,220 | C$967,375 | C$237,466 | C$66,117 | C$590,306 |
| Exploration spending (capitalized) | (C$1,243,929) | (C$793,908) | (C$306,440) | (C$467,570) | (C$526,254) |
| Property, plant and equipment spending | (C$19,758) | — | — | — | — |
| Proceeds from share issues | C$1,248,800 | — | — | — | — |
| Change in cash | C$189,234 | C$42,877 | (C$85,422) | (C$280,577) | C$207,356 |
| Cash at end of period | C$310,791 | C$121,557 | C$78,680 | C$164,102 | C$444,679 |
No financings are on record for SLAM Exploration Ltd. yet.