Torq Resources Inc. (TORQ) Financings
TSXV: TORQ · Copper, Gold · Exploration stage
- Market cap$12.1M
- Share price$0.055
- 52-week range$0.045 – $0.130
- Shares outstanding219,900,970
- ExchangeTSXV
- Websitewww.torqresources.com
Torq is a Vancouver-based copper and gold exploration company with a portfolio of premium holdings in Chile. The Company is establishing itself as a leader of new exploration in prominent mining belts, guided by responsible, respectful and sustainable practices. The Company was built by a management team with prior success in monetizing exploration assets and its specialized technical team is recognized for their extensive experience working with major mining companies, supported by robust safety standards and technical proficiency. The technical team includes Chile-based geologists with invaluable local expertise and a noteworthy track record for major discovery in the country. Torq is committed to operating at the highest standards of applicable environmental, social and governance practices in the pursuit of a landmark discovery.
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Torq Resources Inc. financial statements
Key figures read from 40 of 40 financial statement filings, Nov 29, 2016 to Aug 26, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$2,451,173 | C$538,284 | C$487,970 | C$12,470,543 | C$1,899,324 |
| Total current assets | C$2,543,783* | C$678,388* | C$1,084,137* | C$13,002,536* | C$2,714,015* |
| Total current liabilities | — | — | — | C$1,637,551 | — |
| Working capital | — | — | — | C$11,364,985 | — |
| Exploration and evaluation assets | C$2,882,906 | C$1,580,606 | C$2,782,273 | C$2,012,368 | C$888,198 |
| Property, plant and equipment | C$28,454 | C$41,720 | C$217,646 | C$463,816 | C$383,270 |
| Total assets | C$5,556,453 | C$2,401,302 | C$4,206,047 | C$15,605,744 | C$3,985,483 |
| Debt | C$2,727,869 | C$5,232,800 | C$1,969,137 | C$1,966,710 | — |
| Total liabilities | C$5,837,120 | C$8,055,734 | C$3,168,119 | C$3,604,261 | C$676,536 |
| Shareholders' equity | (C$280,667) | (C$5,654,432) | C$1,037,928 | C$12,001,483 | C$3,308,947 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$11,279,843 | C$6,479,575 | C$13,293,245 | C$7,242,112 | C$2,214,244 |
| General and administrative | C$370,638 | C$465,635 | C$673,548 | C$735,307 | C$741,149 |
| Impairments and write-downs | C$0 | C$2,748,961 | — | — | — |
| Net income (loss) | (C$722) | (C$21,403) | (C$5,033) | (C$23,976) | (C$6,478,104) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$12,205,991) | (C$7,083,461) | (C$16,701,039) | (C$10,095,788) | (C$5,792,269) |
| Investing cash flow | (C$1,347,148) | (C$1,113,145) | (C$491,929) | (C$1,063,332) | (C$1,033,310) |
| Financing cash flow | C$15,523,243 | C$8,286,870 | C$5,216,319 | C$21,727,664 | C$42,300 |
| Exploration spending (capitalized) | (C$1,399,600) | (C$1,303,500) | (C$829,664) | (C$1,061,683) | (C$657,072) |
| Property, plant and equipment spending | — | C$0 | (C$36,903) | (C$196,330) | (C$415,529) |
| Proceeds from share issues | C$7,172,763 | C$5,345,478 | C$5,441,319 | — | — |
| Change in cash | C$1,912,889 | C$50,314 | (C$11,982,573) | C$10,571,219 | (C$6,848,749) |
| Cash at end of period | C$2,451,173 | C$538,284 | C$487,970 | C$12,470,543 | C$1,899,324 |
Torq Resources Inc. financings
10 financings announced or closed by Torq Resources Inc., read by Mining News Terminal, newest first.
Torq Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Torq 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 |
|---|---|---|---|---|
| 2026-10-01 | Loan, repaid / settled | — | C$529,000 | 9%, matures 2026-07-11 |
| 2026-08-19 | Loan, amended | 191010 Investments Limited | C$1.25M | matures 2026-07-11 |
| 2024-10-18 | Loan, signed | — | C$2,492 | 9%, matures 2025-02-15 |