Velocity Minerals Ltd. (VLC) Financings
TSXV: VLC · Gold · Advanced Exploration stage
- Market cap$43.0M
- Share price$0.210
- 52-week range$0.170 – $0.240
- Shares outstanding204,817,857
- ExchangeTSXV
- Websitewww.velocityminerals.com
Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.
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Velocity Minerals Ltd. financial statements
Key figures read from 42 of 43 financial statement filings, Oct 26, 2016 to Aug 25, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), 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$3,037,016 | C$1,234,460 | C$3,154,881 | C$1,067,763 | C$4,676,562 |
| Total current assets | C$26,103,596* | C$1,406,549* | C$3,563,349* | C$1,436,201* | C$5,033,235* |
| Exploration and evaluation assets | C$26,447,021 | C$26,857,519 | C$26,035,277 | C$24,728,444 | C$23,203,534 |
| Property, plant and equipment | C$79,301 | C$101,234 | C$237,054 | C$295,803 | C$244,223 |
| Total assets | C$52,629,918 | C$28,365,302 | C$29,863,201 | C$26,507,466 | C$28,480,992 |
| Debt | — | — | — | — | C$0 |
| Shareholders' equity | C$22,083,081 | C$22,684,602 | C$24,148,331 | C$21,260,076 | C$23,547,653 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$451,002 | C$202,857 | C$215,467 | C$218,079 | C$259,836 |
| Share-based compensation | C$220,481 | C$234,370 | C$251,935 | C$246,952 | C$143,932 |
| Net income (loss) | C$1,261,766 | C$881,890 | C$165,849 | (C$2,753,733) | (C$2,507,607) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$21,266,159) | (C$1,023,598) | (C$1,348,359) | (C$2,312,166) | (C$2,328,251) |
| Investing cash flow | (C$20,739,319) | (C$1,030,044) | (C$719,407) | (C$1,485,779) | (C$5,441,462) |
| Financing cash flow | C$1,342,459 | C$133,221 | C$4,154,884 | C$189,146 | C$1,902,454 |
| Exploration spending (capitalized) | (C$3,387,977) | (C$2,245,961) | (C$2,937,753) | (C$1,493,810) | (C$5,405,872) |
| Change in cash | C$1,869,299 | (C$1,920,421) | C$2,087,118 | (C$3,608,799) | (C$5,867,259) |
| Cash at end of period | C$3,037,016 | C$1,234,460 | C$3,154,881 | C$1,067,763 | C$4,676,562 |
Velocity Minerals Ltd. financings
2 financings announced or closed by Velocity Minerals Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2025-06-09 | Velocity Minerals Ltd. (VLC) | Private placement | Announced | US$16.5M | — | Velocity Receives US $16.5 Million First Tranche Payment From Türker Global Madencilik Sanayi Ve Ticaret A.Ş. Arranges Standby Letter of Credit in Favour of Gorubso Kardzhali A.D. |
| 2023-12-08 | Velocity Minerals Ltd. (VLC) | Private placement, non-brokered | Closed, 1 tranche | $1.5M | $0.100 | Velocity Announces $1.5 Million Non-Brokered Private Placement |