Vinland Lithium Inc (VLD) Financials
TSXV: VLD · Lithium, Gold, Caesium · Exploration stage
- Market cap$4.3M
- Share price$0.415
- 52-week range$0.380 – $0.900
- Shares outstanding10,345,502
- ExchangeTSXV
- Websitevinlandlithium.com
Vinland Lithium Inc. is a mineral exploration company listed on the TSX Venture Exchange under the symbol VLD. Vinalnd holds 100% interest in the Killick Lithium Project in Southwestern Newfoundland and subject only to a 2% NSR (1% each to Benton Resources and Pirate Gold). Vinland is focused on advancing the recently-discovered Killick Lithium Project which covers 30 kilometers of highly-prospective geological terrane in proximity to the Baie d'Est Fault. The project boasts multiple spodumene-pegmatites within the Kraken Pegmatite Field and high-grade cesium-tantalum-lithium hosted in the Hydra Pegmatite. Further potential for discovery is excellent given the extensive number of untested geochemical and geophysical targets present. All initial drilling phases at the Killick Lithium Project to date have returned impressive results from multiple pegmatites including: 8.4m of 0.95% Li 2 O in GH-22-01 at the Kraken Dyke, 16.2m of 0.43% Li 2 O in GH-22-05 at the Kraken North Dyke, 20.82m of 0.60% Li 2 O incl. 5.5m of 1.16% Li 2 O in GH-22-15, and 8.37m of 0.91% Li 2 O in GH-22-08 at the East Dyke and 15.23m of 14% Li 2 O in GH-22-27 and 13.37m of 1.22% Li 2 O in GH-22-45 at the Killick Dyke. At the Hydra Cesium Dyke, initial channel sample results to 8.75% Cs 2 O, 0.41% Li 2 O, 025% Ta 2 O 5 and 0.33% Rb 2 O over 1.2 meters including 13.57% Cs 2 0 and 0.32% Li 2 0 over 0.4m.
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Vinland Lithium Inc financial statements
Key figures read from 6 of 6 financial statement filings, May 26, 2025 to Jul 24, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | |
|---|---|---|
| Cash and equivalents | C$1,254,833 | C$1,763,004 |
| Total current assets | C$1,273,485* | C$1,803,890* |
| Exploration and evaluation assets | C$8,195,146 | C$8,050,250 |
| Total assets | C$9,492,447 | C$9,908,611 |
| Total liabilities | C$89,954 | C$190,288 |
| Shareholders' equity | C$9,402,493 | C$9,718,323 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Exploration and evaluation expense | C$113 | C$0 |
| General and administrative | C$73,027 | C$74,069 |
| Share-based compensation | C$231,157 | C$0 |
| Net income (loss) | (C$546,987) | (C$271,092) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | |
|---|---|---|
| Operating cash flow | (C$323,925) | (C$172,833) |
| Investing cash flow | (C$148,246) | C$450,776 |
| Financing cash flow | (C$36,000) | (C$36,000) |
| Exploration spending (capitalized) | (C$444,896) | (C$1,241,811) |
| Change in cash | (C$508,171) | C$241,943 |
| Cash at end of period | C$1,254,833 | C$1,763,004 |
Vinland Lithium Inc financings
1 financing announced or closed by Vinland Lithium Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-07-30 | Vinland Lithium Inc (VLD) | Flow-through | Closed, 2 tranches | $300K | $0.480 | Vinland Lithium Inc. Identifies High-Priority Tungsten Targets and Announces $300,000 Flow-Through Financing |