Forge Resources Balance Sheet Health

Financial Health criteria checks 6/6

Forge Resources has a total shareholder equity of CA$6.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$6.9M and CA$109.4K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$1.05m
Equity	CA$6.75m
Total liabilities	CA$109.37k
Total assets	CA$6.86m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FRG's short term assets (CA$1.4M) exceed its short term liabilities (CA$109.4K).

Long Term Liabilities: FRG has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FRG is debt free.

Reducing Debt: FRG has no debt compared to 5 years ago when its debt to equity ratio was 11.5%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FRG has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: FRG is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.

Forge Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Forge Resources Corp. Commissions Detailed Structural Study At the Alotta Gold-Copper- Molybdenum Porphyry Project, Yukon

Forge Resources Corp. (CNSX:FRG) signed a letter of intent to acquire Aion Mining Corp. for CAD 5 million.

Forge Resources Corp. Appoints Peter Jonathan Murphy as Chairman and Director

Forge Resources Corp. announced that it has received CAD 0.55 million in funding

Forge Resources Corp. announced that it expects to receive CAD 0.6 million in funding

Forge Resources Corp. Announces Completion of Payoff Zone Drilling, Confirming Porphyry Style Mineralization

Forge Resources to Commence Comprehensive Soil Studies and Pilot Drilling At Fully Permitted Coal Project

Forge Resources to Commence Comprehensive Soil Studies and Pilot Drilling At Fully Permitted Coal Project

Benjamin Hill Mining Corp. (CNSX:BNN) completed the acquisition of additional 20% stake in Aion Mining Corp.

Benjamin Hill Mining Corp., Annual General Meeting, Jun 20, 2024

Benjamin Hill Mining Corp. announced that it has received CAD 5.34576 million in funding

Benjamin Hill Mining Corp. announced that it expects to receive CAD 5 million in funding

Insufficient new directors

Independent Director exercised options to buy CA$179k worth of stock.

Benjamin Hill Mining Corp. (CNSX:BNN) entered into an agreement to acquire 20% stake in Aion Mining Corp. for CAD 1.9 million.

New major risk - Financial position

Benjamin Hill Mining Corp. Announces Drilling Program Discovers Porphyry Style Mineralization At Alotta, Copper-Gold-Molybdenum Project

Benjamin Hill Mining Corp. (CNSX:BNN) entered into a non-binding letter of intent to acquire a 20% stake in Aion Mining Corp. for CAD 1.125 million.

Benjamin Hill Mining Corp. announced that it has received CAD 0.83 million in funding

Benjamin Hill Mining Corp. announced that it expects to receive CAD 0.85 million in funding

Benjamin Hill Mining Corp. announced that it has received CAD 0.402 million in funding

Benjamin Hill Mining Corp., Annual General Meeting, Aug 09, 2023

Benjamin Hill Mining Corp. announced that it expects to receive CAD 0.4 million in funding

Benjamin Hill Mining Corp. Announces CFO Changes

High number of new and inexperienced directors

Benjamin Hill Mining Corp. Confirms Extension in Three Directions of Copper-Gold Mineralization in Sonora Copper Vein System

Benjamin Hill Mining Corp. Announces Drill Results from El Fierro Exploration Zone

Benjamin Hill Mining Corp. Announces Initial Results from Inaugural Diamond Drilling Program on Flagship Sonora Gold Project Near Benjamin Hill, Sonora, Mexico

High number of new and inexperienced directors

Benjamin Hill Mining Corp. Announces Commencement of Drill Program

Benjamin Hill Mining Corp. announced that it has received CAD 2.112246 million in funding

Benjamin Hill Mining Corp. Releases Inaugural Drill Program Targeting Most Prospective Locations on the Sonora Gold Property

Benjamin Hill Mining Corp. Updates on Expanded Continuity of Mineralization in Caracahui Area

Benjamin Hill Mining Corp. Announces New Assay Results at the Benjamin Hill Property

Benjamin Hill Mining Corp. Confirms Mineralization At Depth At the Sonora Gold Property

Benjamin Hill Mining Corp. Announces Additional Assay Results from its Benjamin Hill Property

Benjamin Hill Mining Corp. Updates on New Zone of Known Gold Mineralization

Benjamin Hill Mining Corp. Announces Additional Assay Results At the Benjamin Hill Property

Mojave Gold Corp. announced that it expects to receive CAD 3 million in funding

Mojave Gold Corp. Announces CEO Changes

Mojave Samples 16.2G/T Gold on Reconnaissance of the Sonora Gold Property

Mojave Gold Corp. announced that it expects to receive CAD 1.5 million in funding

Mojave Gold’s Geologists Complete First Round of Exploration Work on 6000ha Sonora Property

Mojave Gold Corp., Annual General Meeting, Jan 27, 2021

New 90-day high: CA$0.43

Mojave Gold Corp Appoints Paloma Pantoja as Chief Financial Officer

Mojave Gold Corp. Announces Start of Exploration Activities

New 90-day low: CA$0.28

Zanzibar Gold Inc Announces Management Changes

New 90-day high - CA$0.32

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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