Visionary Copper and Gold Mines Inc (VCG) Financings
TSXV: VCG · Copper, Gold, Zinc · Development stage
- Market cap$24.5M
- Share price$1.02
- 52-week range$0.600 – $1.99
- Shares outstanding24,058,836
- ExchangeTSXV
- Websitevisionarycoppergold.com
Visionary Copper and Gold Mines Inc. (TSXV: VCG) (OTCQB: VCGMF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the 100% owned Pt. Leamington Deposit in Newfoundland, located in one of the richest VMS and Gold Districts in Canada. The Company prepared a pit constrained Indicated Mineral Resource of 5 Mt grading 1.42% CuEq for 156.8 Mlb CuEq (145.7 koz gold, 60 Mlb copper, 153.5 Mlb zinc, 2 Moz silver, 1.5 Mlb lead), a pit constrained Inferred Mineral Resource of 13.7 Mt grading 1.27% CuEq for 384.8Mlb CuEq (354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7 Mlb lead) and an out-of-pit Inferred Mineral Resource of 1.7 Mt grading 1.74% CuEq for 65.7Mlb CuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead) (see news release dated October 25, 2021). Additionally the Company is permitting the Rainbow deposit at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. The Company prepared an indicated mineral resource on the Rainbow deposit of 3.44 Mt grading 3.59% CuEq for 272.4 Mlb CuEq (238.3 Mlb Cu, 56.9 Mlb Zn, 37.6 koz Au, 692.8 koz Ag, 2.3 Mlb Pb), an inferred mineral resource on the Rainbow deposit of 1.28 Mt grading 2.95% CuEq containing 83.4 Mlb CuEq (72.1 Mlb Cu, 19.5 Mlb Zn, 11.1 koz Au, 222.2 Koz Ag, 0.8 Mlb Pb) and an inferred mineral resource at the Pine Bay deposit of 1 Mt grading 2.62% Cu containing 58.1 Mlb Cu (see news release dated July 10, 2023). Additionally, the portfolio includes the Nash Creek Project located in the VMS rich Bathurst Mining District of New Brunswick. A 2018 PEA generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of $230 million ($128 million post-tax) at $1.25 Zinc (see news release dated May 14, 2018).
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Visionary Copper and Gold Mines Inc financial statements
Key figures read from 38 of 38 financial statement filings, Feb 28, 2017 to Aug 31, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$53,530 | C$1,402,013 | C$2,150,673 | C$994,543 | C$2,812,534 |
| Total current assets | C$211,657* | C$1,898,442* | C$2,349,567* | C$1,348,432* | C$3,140,975* |
| Exploration and evaluation assets | C$43,199,285 | C$41,611,828 | C$39,500,792 | C$33,996,487 | C$26,909,972 |
| Property, plant and equipment | C$190,270 | C$203,992 | C$219,424 | C$280,876 | C$335,056 |
| Total assets | C$43,629,404 | C$43,742,454 | C$42,097,975 | C$35,653,987 | C$30,414,195 |
| Debt | C$40,000 | C$40,000 | C$40,000 | C$40,000 | C$40,000 |
| Shareholders' equity | C$39,728,144 | C$40,031,090 | C$38,860,450 | C$33,107,134 | C$28,437,629 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | — | — | — | C$1,388 | — |
| General and administrative | C$495,204 | C$542,092 | C$772,854 | C$453,430 | C$539,673 |
| Share-based compensation | C$291,871 | C$287,835 | C$556,974 | C$354,998 | C$1,004,589 |
| Impairments and write-downs | C$0 | (C$8,623) | — | — | — |
| Net income (loss) | (C$917,893) | (C$1,001,415) | (C$1,276,321) | — | (C$1,152,081) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Sep 2025 | FY Sep 2024 | FY Sep 2023 | FY Sep 2022 | FY Sep 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$167,667) | (C$1,459,796) | (C$2,076,399) | (C$1,465,321) | (C$1,585,772) |
| Investing cash flow | (C$1,180,816) | (C$1,522,497) | (C$5,677,936) | (C$6,253,733) | (C$5,287,810) |
| Financing cash flow | C$0 | C$2,233,633 | C$8,910,465 | C$5,901,063 | (C$9,010,276) |
| Exploration spending (capitalized) | (C$1,425,232) | (C$2,257,061) | (C$6,173,441) | (C$7,242,079) | (C$5,797,442) |
| Proceeds from share issues | C$0 | C$2,068,934 | C$8,739,208 | C$5,954,629 | C$8,439,855 |
| Change in cash | (C$1,348,483) | (C$748,660) | C$1,156,130 | (C$1,817,991) | C$2,136,694 |
| Cash at end of period | C$53,530 | C$1,402,013 | C$2,150,673 | C$994,543 | C$2,812,534 |
Visionary Copper and Gold Mines Inc financings
1 financing announced or closed by Visionary Copper and Gold Mines Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-10-22 | Visionary Copper and Gold Mines Inc (VCG) | Flow-through, private placement, non-brokered | Closed, 2 tranches | $3.0M | $0.750 | Visionary Copper and Gold Mines Inc. Announces $3.0 million Private Placement Financing for Exploration Campaign at Pt. Leamington Project, NFLD |