Vertical Exploration Inc. (VERT) Financings
TSXV: VERT · Wollastonite · Exploration stage
- Market cap$3.8M
- Share price$0.025
- 52-week range$0.025 – $0.065
- Shares outstanding152,904,053
- ExchangeTSXV
- Websitevertxinc.com
Vertical Exploration's mission is to identify, acquire, and advance high potential mining prospects located in North America for the benefit of its stakeholders. The Company's flagship St-Onge Wollastonite property is located in the Lac-Saint-Jean area in the Province of Quebec.
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Vertical Exploration Inc. financial statements
Key figures read from 44 of 44 financial statement filings, Nov 28, 2016 to Jul 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Feb 2026 | Feb 2025 | Feb 2024 | Feb 2023 | Feb 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$45,398 | C$24,378 | C$293,253 | C$5,737 | C$1,650,962 |
| Total current assets | C$53,050* | C$44,983* | C$326,321* | C$77,280* | C$1,771,056* |
| Exploration and evaluation assets | C$5,513,200 | C$5,475,633 | C$5,222,129 | C$4,971,527 | C$3,874,017 |
| Total assets | C$6,027,485 | C$6,030,339 | C$6,110,450 | C$5,615,142 | C$5,645,073 |
| Shareholders' equity | C$5,103,886 | C$5,057,054 | C$5,444,640 | C$5,004,530 | C$5,457,445 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2023 | FY Feb 2022 | |
|---|---|---|---|---|---|
| General and administrative | C$175,383 | C$179,453 | C$259,777 | C$309,217 | C$429,453 |
| Share-based compensation | C$8,100 | C$44,100 | C$250,000 | C$110,500 | C$415,000 |
| Impairments and write-downs | (C$28,500) | — | — | — | — |
| Net income (loss) | (C$237,268) | (C$431,686) | (C$955,640) | (C$563,415) | (C$983,894) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Feb 2026 | FY Feb 2025 | FY Feb 2024 | FY Feb 2023 | FY Feb 2022 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$152,971)* | — | (C$398,389)* | — | (C$688,503)* |
| Investing cash flow | (C$102,009)* | — | (C$459,845)* | — | (C$1,367,764)* |
| Financing cash flow | — | — | C$1,145,750* | — | C$3,621,311* |
| Exploration spending (capitalized) | (C$102,009) | — | (C$407,547) | — | (C$1,367,764) |
| Proceeds from share issues | — | — | C$1,145,750 | — | C$3,414,144 |
| Change in cash | C$21,020 | (C$268,875) | C$287,516 | (C$1,645,225) | C$1,565,044 |
| Cash at end of period | C$45,398 | C$24,378 | C$293,253 | C$5,737 | C$1,650,962 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Vertical Exploration Inc. financings
2 financings announced or closed by Vertical Exploration Inc., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-04-24 | Vertical Exploration Inc. (VERT) | Private placement, non-brokered | Closed, 1 tranche | $300K | $0.050 | Vertical Announces Financing |
| 2023-12-11 | Vertical Exploration Inc. (VERT) | Private placement, non-brokered | Closed, 1 tranche | $473K | $0.050 | Vertical Announces Financing |