XXIX Metal Corp. (XXIX) Financings
TSXV: XXIX · Copper · Advanced Exploration stage
- Market cap$69.6M
- Share price$0.165
- 52-week range$0.100 – $0.220
- Shares outstanding421,831,484
- ExchangeTSXV
XXIX is advancing its Opemiska and Thierry Copper projects, two significant Canadian copper assets. The Opemiska Project, one of Canada's highest-grade open pitable copper deposits, spans 21,333 hectares in Quebec's Chapais-Chibougamau region, with strong infrastructure and nearby access to the Horne Smelter. An October 2025 Preliminary Economic Assessment outlined a 12,500 tpd open pit operation over a 17-year mine life, generating an after-tax NPV8% of $505M, IRR of 27.2%, and a 2.3-year payback period ($4.35/lb copper price, $3,000/oz gold price, $30/oz silver price). The Thierry Project hosts the K1 (near-surface) and the past-producing K2 (underground & surface) zones (see XXIX news release dated October 1, 2024 for details regarding resources). Thierry has significant infrastructure in place including an all-season road, an airport within 5km, a provincial power grid within 8km, and nearby rail. With these two high-potential projects, the Company has solidified its position as a key player in the Canadian copper sector and has established itself as one of Eastern Canada's largest copper developers. With demand for critical minerals continuing to accelerate, XXIX is uniquely positioned to capitalize on the North American copper opportunity. Investors are encouraged to follow the Company's progress as it advances a portfolio of high-potential assets with the guidance of two of Canada's accomplished mine builders.
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XXIX Metal Corp. financial statements
Key figures read from 35 of 35 financial statement filings, Jun 29, 2018 to Sep 29, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$6,409,940 | C$4,062,643 | C$5,770,390 | C$8,855,598 | C$17,508,624 |
| Total current assets | C$9,681,706 | C$8,098,778 | C$12,353,142 | C$16,796,876 | C$17,832,697 |
| Total current liabilities | — | — | — | — | C$3,560,008 |
| Working capital | — | — | — | — | C$14,272,689 |
| Property, plant and equipment | C$260,512 | C$138,104 | C$29,396 | C$40,503 | C$55,997 |
| Total assets | C$11,849,777 | C$8,236,882 | C$12,382,538 | C$16,837,379 | C$20,732,402 |
| Total liabilities | C$5,103,696 | C$495,756 | C$262,267 | C$318,659 | C$3,560,008 |
| Shareholders' equity | C$6,746,081 | C$7,741,126 | C$12,120,271 | C$16,518,720 | C$17,172,394 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$15,655,116 | C$1,309,554 | C$4,002,725 | C$8,269,694 | C$6,225,093 |
| General and administrative | C$826,473 | C$659,527 | C$512,169 | C$308,959 | C$401,020 |
| Share-based compensation | C$598,892 | C$415,487 | C$146,527 | C$914,625 | C$79,176 |
| Net income (loss) | — | — | — | — | C$482,125 |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$3,471,090) | (C$1,571,324) | (C$4,420,754) | (C$10,065,674) | (C$5,874,268) |
| Investing cash flow | C$359,015 | (C$136,423) | (C$534,736) | (C$37,255) | C$7,752,053 |
| Financing cash flow | C$5,459,372 | C$0 | C$1,925,282 | C$1,449,903 | C$13,887,366 |
| Property, plant and equipment spending | (C$166,736) | (C$120,583) | — | C$0 | (C$51,708) |
| Proceeds from share issues | — | C$0 | C$1,606,917 | C$0 | — |
| Change in cash | C$2,347,297 | (C$1,707,747) | (C$3,030,208) | (C$8,653,026) | C$15,765,151 |
| Cash at end of period | C$6,409,940 | C$4,062,643 | C$5,825,390 | C$8,855,598 | C$17,508,624 |
XXIX Metal Corp. financings
2 financings announced or closed by XXIX Metal Corp., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-02-12 | XXIX Metal Corp. (XXIX) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $17.3M | $0.180 | XXIX Announces Closing of $17.3 Million Financing |
| 2025-08-22 | XXIX Metal Corp. (XXIX) | Flow-through, LIFE offering, brokered | Closed, 1 tranche | $6.0M | $0.121 | XXIX Announces Closing of $6.0 Million Financing |