Torr Metals Inc (TMET) Financings
TSXV: TMET · Copper, Gold · Exploration stage
- Market cap$10.1M
- Share price$0.120
- 52-week range$0.080 – $0.270
- Shares outstanding84,024,953
- ExchangeTSXV
- Websitetorrmetals.com
Torr Metals, headquartered in Edmonton, AB, is focused on unlocking new copper and gold discovery potential within proven, highly accessible mining districts across Canada, areas with both established infrastructure and a growing need for near-term feed. Torr's 100%-owned, district-scale assets are strategically located for cost-effective, year-round exploration and development. The 275 km² Kolos Copper-Gold Project and strategically option 57 km 2 Bertha Property, situated in southern British Columbia's prolific Quesnel Terrane, lies just 30 km southeast of the Highland Valley Copper Mine, Canada's largest open-pit copper operation, and 40 km south of the city of Kamloops directly along Highway 5. In northern Ontario, the 261 km² Filion Gold Project covers a virtually unexplored greenstone belt with high-grade orogenic gold potential. It sits just off the Trans-Canada Highway 11, approximately 42 km from Kapuskasing and 202 km by road from the Timmins mining camp, home to world-class operations like Hollinger, McIntyre, and Dome.
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Torr Metals Inc financial statements
Key figures read from 26 of 26 financial statement filings, Jan 2, 2020 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | |
|---|---|---|---|---|---|
| Total current assets | C$3,688,482 | C$244,362 | C$503,935 | C$2,276,969* | C$3,207,369* |
| Exploration and evaluation assets | C$3,229,427 | C$1,524,275 | C$8,170,167 | C$6,790,031 | C$5,065,332 |
| Total assets | C$6,964,909 | C$1,768,637 | C$8,686,468 | C$9,079,366 | C$8,272,701 |
| Total liabilities | C$924,469 | C$228,548 | C$54,092 | C$421,166 | — |
| Shareholders' equity | C$6,040,440 | C$1,540,089 | C$8,632,376 | C$8,658,200 | C$8,041,301 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$188,994 | C$167,877 | C$153,052 | C$132,931 | C$74,768 |
| Share-based compensation | (C$504,176) | (C$116,000) | — | C$0 | (C$483,000) |
| Impairments and write-downs | — | (C$7,370,976) | — | — | — |
| Net income (loss) | (C$985,423) | (C$7,999,190) | (C$25,824) | (C$105,925) | (C$738,836) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Apr 2026 | FY Apr 2025 | FY Apr 2024 | FY Apr 2023 | FY Apr 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$868,805) | (C$504,339) | (C$453,915) | (C$477,536) | (C$314,681) |
| Investing cash flow | (C$1,935,278) | (C$542,066) | (C$1,350,969) | (C$1,731,889) | C$1,760,225 |
| Financing cash flow | C$6,110,014 | C$817,535 | C$0 | C$1,296,824 | C$1,446,421 |
| Exploration spending (capitalized) | (C$1,888,278) | (C$554,432) | (C$1,350,969) | (C$1,719,523) | (C$858,064) |
| Proceeds from share issues | C$6,362,604 | C$564,945 | C$0 | C$1,296,824 | C$1,419,421 |
| Change in cash | C$3,305,931 | (C$228,870) | (C$1,804,884) | (C$912,601) | C$2,891,965 |
| Cash at end of period | C$3,508,166 | C$202,235 | C$431,105 | C$2,235,989 | C$3,148,590 |
Torr Metals Inc financings
1 financing announced or closed by Torr Metals Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-09-25 | Torr Metals Inc (TMET) | Flow-through, private placement, non-brokered | Closed, 1 tranche | $5.3M | $0.170 | Torr Metals Announces C$2.8 Million Private Placement |