Tectonic Metals Inc. (TECT) Financings
TSXV: TECT · Gold · Exploration stage
- Market cap$230.1M
- Share price$1.68
- 52-week range$0.800 – $3.58
- Shares outstanding136,977,576
- ExchangeTSXV
- Websitewww.tectonicmetals.com
Tectonic Metals Inc. is a mineral exploration company led by an experienced and well-respected technical and financial team with a track record of wealth creation for shareholders. The Company is focused on exploring and developing its flagship Flat Gold Project in southwestern Alaska, covering 99,840 acres of predominantly Native-owned land belonging to Doyon, Ltd., a leading Alaska Native Regional Corporation and one of Tectonic's largest shareholders. The current focus is on advancing the Chicken Mountain target, one of six multi-kilometre-scale intrusion zones at the Flat Gold Project, where drilling has achieved a 100% success rate across 206 holes to date. Founded by key members of the Kaminak Gold team behind the discovery and advancement of the Coffee Gold Project, which was acquired by Goldcorp for $520 million in 2016, Tectonic brings a proven track record in exploration, project advancement, capital markets and value creation.
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Tectonic Metals Inc. financial statements
Key figures read from 27 of 27 financial statement filings, Nov 20, 2019 to Aug 20, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$12,542,192 | C$1,971,424 | C$2,381,310 | C$2,552,145 | C$1,074,068 |
| Total current assets | C$13,190,480* | C$2,615,590* | C$2,745,326* | C$2,763,801* | C$1,155,277* |
| Exploration and evaluation assets | C$1,462,464 | C$1,151,567 | C$991,785 | C$573,143 | C$690,028 |
| Property, plant and equipment | C$556,778 | C$11,953 | C$8,127 | C$32,394 | C$62,255 |
| Total assets | C$15,209,722 | C$3,779,110 | C$3,745,238 | C$3,369,338 | C$1,907,560 |
| Total liabilities | C$1,122,749 | C$826,062 | C$1,096,850 | C$418,714 | — |
| Shareholders' equity | C$14,086,973 | C$2,953,048 | C$2,648,388 | C$2,950,624 | — |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$19,251,733 | C$2,897,789 | C$7,544,972 | C$2,134,816 | C$7,259,793 |
| General and administrative | C$242,941 | C$147,011 | C$208,587 | C$69,648 | — |
| Share-based compensation | C$1,734,906 | C$348,020 | C$195,691 | C$96,762 | C$305,214 |
| Net income (loss) | (C$23,097,836) | (C$5,090,774) | (C$9,599,008) | (C$4,006,282) | (C$9,385,009) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$20,978,317) | (C$5,105,238) | (C$9,265,756) | (C$3,640,420) | (C$8,819,434) |
| Investing cash flow | (C$868,118) | (C$167,262) | (C$153,358) | (C$139,821) | (C$303,034) |
| Financing cash flow | C$32,417,203 | C$4,862,614 | C$9,248,279 | C$5,257,996 | C$6,774,167 |
| Exploration spending (capitalized) | (C$171,755) | (C$159,782) | (C$156,788) | (C$132,600) | (C$291,398) |
| Property, plant and equipment spending | (C$595,119) | (C$7,480) | C$0 | (C$7,221) | — |
| Proceeds from share issues | C$32,593,767 | C$4,862,614 | C$7,668,870 | C$5,250,547 | (C$371,904) |
| Change in cash | C$10,570,768 | (C$409,886) | (C$170,835) | C$1,478,077 | (C$2,349,144) |
| Cash at end of period | C$12,542,192 | C$1,971,424 | C$2,381,310 | C$2,552,145 | C$1,074,068 |
Tectonic Metals Inc. financings
2 financings announced or closed by Tectonic Metals Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-10 | Tectonic Metals Inc. (TECT) | Private placement, brokered | Closed, 1 tranche | $92.0M | $2.15 | Tectonic Metals Announces Financing of up to $40 Million |
| 2025-07-31 | Tectonic Metals Inc. (TECT) | LIFE offering, brokered | Closed, 1 tranche | $21.2M | $0.950 | Tectonic Metals Annouces Financing of up to $13.5 Million to Accelerate and Expand Drilling Campaign at Flat Gold Project |