Tower Resources Ltd (TWR) Financings
TSXV: TWR · Gold, Copper · Exploration stage
- Market cap$28.4M
- Share price$0.155
- 52-week range$0.120 – $0.250
- Shares outstanding183,282,352
- ExchangeTSXV
- Websitewww.towerresources.ca
Tower is a Canadian based mineral exploration company focused on the discovery and advancement of economic mineral projects in the Americas. The Company's key exploration assets, all in B.C., are the Rabbit North orogenic gold and porphyry copper-gold project located between the New Afton copper-gold and Highland Valley copper mines in the Kamloops mining district, the Nechako porphyry-associated gold-silver project near Artemis' Blackwater project and the More Creek epithermal gold project on the critical 'red line' structural zone connecting the mineral deposits of the Golden Triangle.
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Tower Resources Ltd financial statements
Key figures read from 40 of 40 financial statement filings, Feb 27, 2017 to Sep 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$2,429,561 | C$672,044 | C$723,775 | C$1,369,904 | C$1,714,714 |
| Short-term investments | C$32,720 | C$21,813 | C$10,906 | C$5,938 | C$31,500 |
| Total current assets | C$2,552,959* | C$724,653* | C$769,332* | C$1,419,652* | C$1,798,752* |
| Exploration and evaluation assets | C$6,887,233 | C$8,761,985 | C$7,927,849 | C$6,614,323 | C$5,244,670 |
| Property, plant and equipment | C$0 | C$774 | C$967 | C$1,208 | C$1,510 |
| Total assets | C$9,530,192 | C$9,577,412 | C$8,778,148 | C$8,115,183 | C$7,124,932 |
| Shareholders' equity | C$8,969,555 | C$9,173,914 | C$8,495,685 | C$7,680,558 | C$6,615,645 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$234,983 | C$228,458 | C$221,454 | C$178,175 | C$168,986 |
| Share-based compensation | C$522,947 | C$182,371 | C$335,867 | C$473,490 | C$132,385 |
| Net income (loss) | (C$3,195,729) | (C$411,624) | (C$259,935) | (C$352,733) | (C$78,207) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$435,881)* | (C$320,811)* | (C$328,466)* | (C$245,951)* | (C$234,677)* |
| Investing cash flow | (C$783,002)* | (C$750,940)* | (C$1,430,817)* | (C$1,014,015)* | (C$539,497)* |
| Financing cash flow | C$2,976,400* | C$1,020,020* | C$1,113,154* | C$915,156* | C$2,213,393* |
| Exploration spending (capitalized) | (C$854,653) | (C$793,872) | (C$1,518,054) | (C$1,071,452) | (C$1,046,305) |
| Proceeds from share issues | C$2,780,900 | C$871,520 | C$1,071,654 | C$0 | C$1,988,178 |
| Change in cash | C$1,757,517 | (C$51,731) | (C$646,129) | (C$344,810) | C$1,439,219 |
| Cash at end of period | C$2,429,561 | — | C$723,775 | C$1,369,904 | C$1,714,714 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Tower Resources Ltd financings
1 financing announced or closed by Tower Resources Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-21 | Tower Resources Ltd (TWR) | Private placement, non-brokered | Closed, 1 tranche | $640K | $0.160 | FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. Tower Announces Closing of Final Tranche of Non-Brokered Private Placement |