Taranis Resources Inc. (TRO) Financings
TSXV: TRO · Silver · Advanced Exploration stage
- Market cap$10.6M
- Share price$0.100
- 52-week range$0.095 – $0.310
- Shares outstanding105,620,693
- ExchangeTSXV
- Websitewww.taranisresources.com
Taranis Resources (TSX.V: TRO | OTCQB: TNREF) has evolved beyond the profile of a traditional junior explorer. After 15 years of methodical exploration and compiling a massive database from over 250 drill holes to define a 43-101 Mineral Resource at Thor and recently completing a 100% consolidation of the historic Silver Cup Mining District, the company is transitioning from ' understanding the Thor deposit ' to ' unlocking district-scale ' discovery potential. Taranis' core values include scientific rigor, highlighting exploration driven by state of art predictive targeting, 3-D geophysical inversions, and carefully controlled use of AI, as opposed to traditional surface-level prospecting. The Company prioritizes methodological, high-quality exploration over promotional shortcuts, and allocates funds 'into the ground'. Taranis' leadership has unmatched shareholder alignment, and our Management Team has been intact for 20 years with substantial insider ownership.
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Taranis Resources Inc. financial statements
Key figures read from 39 of 39 financial statement filings, Nov 25, 2016 to Aug 20, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$254,666 | C$489,312 | C$475,171 | C$422,907 | C$202,526 |
| Total current assets | C$321,451* | C$573,445* | C$511,372* | C$457,978* | C$225,208* |
| Exploration and evaluation assets | C$8,670,518 | C$8,189,055 | C$6,990,157 | C$6,441,674 | C$5,925,046 |
| Total assets | C$9,017,497 | C$8,790,270 | C$7,531,807 | C$6,932,952 | C$6,187,242 |
| Debt | C$100,000 | C$100,000 | C$100,000 | C$235,300 | C$235,300 |
| Shareholders' equity | C$7,908,703 | C$7,696,841 | C$6,578,596 | C$5,668,356 | C$5,081,633 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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 | |
|---|---|---|---|---|---|
| General and administrative | C$27,379 | C$102,938 | C$24,217 | C$72,711 | C$41,752 |
| Share-based compensation | C$452,000 | C$0 | C$334,000 | C$0 | C$112,500 |
| Impairments and write-downs | — | C$0 | C$110,587 | — | — |
| Net income (loss) | (C$644,323) | (C$289,280) | (C$464,525) | (C$295,620) | (C$228,143) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$209,934) | (C$305,093) | (C$285,901) | (C$176,765) | (C$109,267) |
| Investing cash flow | (C$437,797) | (C$1,102,316) | (C$477,835) | (C$432,204) | (C$266,698) |
| Financing cash flow | C$413,085 | C$1,421,550 | C$816,000 | C$829,350 | C$406,750 |
| Exploration spending (capitalized) | (C$437,797) | (C$1,102,316) | (C$477,835) | (C$432,204) | (C$342,898) |
| Proceeds from share issues | — | C$0 | (C$20,000) | (C$5,900) | (C$13,300) |
| Change in cash | (C$234,646) | C$14,141 | C$52,264 | C$220,381 | C$30,785 |
| Cash at end of period | C$254,666 | C$489,312 | C$475,171 | C$422,907 | C$202,526 |
Taranis Resources Inc. financings
6 financings announced or closed by Taranis Resources Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-08-20 | Taranis Resources Inc. (TRO) | Flow-through, non-brokered | Closed, 1 tranche | $220K | $0.200 | Taranis Resources Inc. announces Private Placement |
| 2026-03-10 | Taranis Resources Inc. (TRO) | Private placement, non-brokered | Closed, 1 tranche | $252K | $0.180 | Taranis Announces Private Placement |
| 2025-06-20 | Taranis Resources Inc. (TRO) | Private placement, non-brokered | Closed, 1 tranche | $373K | $0.180 | Taranis Announces Private Placement |
| 2024-11-14 | Taranis Resources Inc. (TRO) | Flow-through | Closed, 1 tranche | $250K | $0.550 | Taranis Resources Inc. Closes Private Placement |
| 2024-10-03 | Taranis Resources Inc. (TRO) | Flow-through | Closed, 1 tranche | $200K | $0.300 | Taranis Resources Inc. announces Closing of Private Placement |
| 2024-05-02 | Taranis Resources Inc. (TRO) | Flow-through, non-brokered | Closed, 1 tranche | $700K | $0.270 | Taranis Announces Exercise of Warrants, Private Placements; Outlines 2024 Exploration Targets |
Taranis Resources Inc. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Taranis 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 |
|---|---|---|---|---|
| 2026-06-09 | Loan, repaid / settled | — | C$197,544 | — |
| 2022-12-05 | Loan, repaid / settled | — | C$221,965 | — |