Transition Metals Corp (XTM) Financings
TSXV: XTM · Unspecified · Exploration stage
- Market cap$5.2M
- Share price$0.060
- 52-week range$0.055 – $0.110
- Shares outstanding87,466,826
- ExchangeTSXV
- Websitewww.transitionmetalscorp.com
Transition Metals Corp. (TSXV: XTM) is a Canadian-based, multi-commodity explorer. Its award-winning team of geoscientists has extensive exploration experience which actively develops and tests new ideas for discovering mineralization in places that others have not looked, often allowing the Company to acquire properties inexpensively. Joint venture partners earn an interest in the projects by funding a portion of higher-risk drilling and exploration, allowing Transition to conserve capital and minimize shareholder's equity dilution.
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Transition Metals Corp financial statements
Key figures read from 40 of 40 financial statement filings, Jan 30, 2017 to Jul 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,422,217 | C$189,777 | C$1,323,719 | C$1,354,322 | C$2,807,171 |
| Short-term investments | C$2,000,000 | C$519,775 | C$15,000 | C$15,000 | C$3,889,800 |
| Total current assets | C$4,853,254 | C$1,848,120 | C$2,399,458 | C$3,446,553 | C$7,147,434 |
| Exploration and evaluation assets | C$57,000 | C$57,000 | C$57,000 | C$57,000 | C$57,000 |
| Property, plant and equipment | C$16,550 | C$23,323 | C$32,919 | C$45,653 | C$61,119 |
| Total assets | C$5,337,919 | C$2,584,723 | C$3,429,814 | C$4,835,055 | C$9,309,518 |
| Total liabilities | C$343,460 | C$284,681 | C$384,930 | — | — |
| Shareholders' equity | C$4,994,459 | C$2,300,042 | C$3,044,884 | C$4,458,921 | C$8,928,426 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$609,031 | — | — | — | — |
| General and administrative | C$115,245 | C$180,499 | C$254,576 | C$264,432 | C$191,624 |
| Share-based compensation | C$28,774 | C$101,570 | C$86,184 | — | — |
| Impairments and write-downs | — | — | — | (C$267,965) | — |
| Net income (loss) | (C$2,456,643) | (C$863,412) | (C$2,281,481) | (C$4,482,505) | C$3,362,204 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Aug 2025 | FY Aug 2024 | FY Aug 2023 | FY Aug 2022 | FY Aug 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | C$2,346,444 | (C$967,341) | (C$1,617,009) | (C$2,126,641) | (C$836,981) |
| Investing cash flow | (C$1,396,004) | (C$166,601) | C$615,292 | C$673,792 | C$2,006,982 |
| Financing cash flow | C$282,000 | — | C$971,114 | — | C$93,000 |
| Property, plant and equipment spending | — | — | (C$700) | (C$2,814) | (C$73,225) |
| Proceeds from share issues | (C$18,000) | — | (C$28,900) | — | — |
| Change in cash | — | (C$5,525) | (C$795) | (C$139) | (C$113) |
| Cash at end of period | C$1,422,217 | C$189,777 | C$1,323,719 | C$1,354,322 | C$2,807,171 |
Transition Metals Corp financings
3 financings announced or closed by Transition Metals Corp, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-03-02 | Transition Metals Corp (XTM) | Flow-through, non-brokered | Closed, 1 tranche | $1.0M | $0.115 | Transition Metals Corp. Vests 100% Interest in Pike Warden Property; Announces $1M Financing |
| 2025-09-22 | Transition Metals Corp (XTM) | Flow-through, non-brokered | Closed, 1 tranche | $758K | $0.075 | Transition Metals Corp Announces a $700,000 Private Placement |
| 2024-11-20 | Transition Metals Corp (XTM) | Flow-through, non-brokered | Closed, 1 tranche | $300K | $0.075 | Transition Metals Corp. Announces a $300,000 Private Placement |