Spartan Metals Corp (W) Financings
TSXV: W · Tungsten, Rubidium, Antimony · Exploration stage
- Market cap$17.5M
- Share price$0.295
- 52-week range$0.225 – $0.870
- Shares outstanding59,346,543
- ExchangeTSXV
- Websitespartanmetals.com
Spartan Metals is focused on developing critical minerals projects in well-established and stable mining jurisdictions in the Western United States, with an emphasis on building a portfolio of diverse strategic defense minerals such as Tungsten, Rubidium, Antimony, Bismuth, and Arsenic.
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Spartan Metals Corp financial statements
Key figures read from 38 of 38 financial statement filings, Nov 18, 2016 to Aug 28, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2022 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$866,491 | C$25,371 | C$77,785 | C$135,161 | C$135,161 |
| Total current assets | C$1,266,827* | — | — | — | — |
| Total current liabilities | — | — | C$9,589 | C$8,000 | C$8,000 |
| Exploration and evaluation assets | C$2,496,556 | — | — | — | — |
| Property, plant and equipment | C$38,624 | — | — | — | — |
| Total assets | C$3,844,382 | C$27,585 | C$79,819 | C$137,159 | C$137,159 |
| Shareholders' equity | C$3,776,606 | C$19,585 | C$70,230 | C$129,159 | C$129,159 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), 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$616,545 | C$11,860 | C$19,942 | C$11,703 | C$21,142 |
| Net income (loss) | (C$832,110) | (C$50,645) | (C$58,929) | (C$50,291) | (C$74,022) |
Cash flow statement: annual key figures
Canadian dollars (C$), 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$1,108,842) | — | — | — | — |
| Investing cash flow | (C$598,505) | — | — | — | — |
| Exploration spending (capitalized) | (C$497,951) | — | — | — | — |
| Property, plant and equipment spending | (C$41,955) | — | — | — | — |
| Change in cash | C$841,120 | (C$52,414) | (C$57,376) | (C$47,516) | C$161,614 |
| Cash at end of period | C$866,491 | C$25,371 | C$77,785 | C$135,161 | C$182,677 |
Spartan Metals Corp financings
1 financing announced or closed by Spartan Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-04-02 | Spartan Metals Corp (W) | Private placement, non-brokered | Closed, 1 tranche | $5.5M | $0.550 | Spartan Metals Announces Non-Brokered Private Placement |