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Targa Exploration Corp. (TEX) Financings

CSE: TEX · Lithium · Exploration stage

Targa Exploration Corp. (CSE: TEX | FRA: V6Y) is a Canadian exploration company engaged in the acquisition, exploration, and development of mineral properties with headquarters in Vancouver, British Columbia.

Targa Exploration Corp. financial statements

Key figures read from 13 of 13 financial statement filings, Nov 28, 2022 to Jul 27, 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.

Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Cash and equivalentsC$3,530,307C$53,900C$2,220,981C$604,316C$1,240,496
Total assetsC$3,949,145C$126,876C$2,421,704C$653,155C$1,240,496
Total liabilitiesC$112,957C$600,608C$1,379,986C$38,878C$12,657
Shareholders' equityC$3,836,188(C$473,732)C$1,041,718C$614,277C$1,227,839

Income statement: annual key figures

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

FY Mar 2026FY Mar 2025FY Mar 2024FY Mar 2023FY Mar 2022
Exploration and evaluation expenseC$2,765,995C$2,181,890C$8,085,038C$2,547,103C$154,089
General and administrativeC$369,756C$560,060C$401,816C$84,799C$11,295
Share-based compensationC$889,983C$7,774C$1,074,428C$46,800C$0
Net income (loss)(C$4,084,203)(C$2,660,568)(C$9,874,746)(C$2,852,907)(C$236,454)

Cash flow statement: annual key figures

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

FY Mar 2026FY Mar 2025FY Mar 2024FY Mar 2023FY Mar 2022
Operating cash flow(C$3,769,891)(C$2,836,416)(C$3,083,064)(C$652,680)(C$139,384)
Investing cash flow——C$234,403——
Financing cash flowC$7,246,298C$669,335C$4,465,326C$16,500C$1,257,500
Proceeds from share issues——C$4,463,326——
Change in cashC$3,476,407(C$2,167,081)C$1,616,665(C$636,180)C$1,118,116
Cash at end of periodC$3,530,307C$53,900C$2,220,981C$604,316C$1,240,496

Targa Exploration Corp. financings

8 financings announced or closed by Targa Exploration Corp., read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-08-13Targa Exploration Corp. (TEX)Flow-through, non-brokeredClosed, 3 tranches$3.5M$0.220Targa Announces $3,500,000 Non-Brokered Private Placement
2026-01-30Targa Exploration Corp. (TEX)Private placement, non-brokeredClosed, 1 tranche$4.0M$0.250Targa Announces $3,000,000 Non-Brokered Private Placement
2025-08-08Targa Exploration Corp. (TEX)Flow-through, non-brokeredClosed, 1 tranche$1.0M$0.150Targa Announces Non-Brokered $500,000 Private Placement of Flow Through Shares
2025-05-13Targa Exploration Corp. (TEX)Flow-through, non-brokeredClosed, 1 tranche$2.6M$0.100Targa announces New Larger Private Placement of up to $2.6M and Share Consolidation
2025-05-07Targa Exploration Corp. (TEX)Flow-through, private placement, non-brokeredAnnounced$500K$0.020Targa Announces Non-Brokered Private Placement
2024-03-21Targa Exploration Corp. (TEX)Flow-through, private placement, non-brokeredClosed, 2 tranches$1.6M$0.100Targa Announces Non-Brokered Private Placement
2023-10-26Targa Exploration Corp. (TEX)Flow-through, private placement, non-brokeredAmended$2.2M$0.200Targa Announces $1.5 Million Non-Brokered Private Placement
2023-08-15Targa Exploration Corp. (TEX)Flow-through, private placement, non-brokeredTranche closed, 1 tranche$3.9M$0.400Targa Announces Close of First Tranche of Its Non-Brokered Private Placement

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