Fokus Mining Balance Sheet Health

Financial Health criteria checks 6/6

Fokus Mining has a total shareholder equity of CA$8.7M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$9.0M and CA$225.0K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$286.93k
Equity	CA$8.73m
Total liabilities	CA$225.03k
Total assets	CA$8.96m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: FKM's short term assets (CA$327.8K) exceed its short term liabilities (CA$225.0K).

Long Term Liabilities: FKM has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: FKM is debt free.

Reducing Debt: FKM had no debt 5 years ago.

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

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

Fokus Mining Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Less than half of directors are independent

Fokus Mining Corporation Announces Board Appointments

Fokus Mining Corporation announced that it has received CAD 1.875 million in funding

Fokus Mining Corporation announced that it expects to receive CAD 1.5 million in funding

New major risk - Financial position

Fokus Mining Corporation Announces CEO Changes, Effective July 31, 2024

Fokus Mining Corporation Announces Results of Sensitive Analysis of the Gold Price on the Initial NI 43-101 Mineral Resource Estimate for its 100%-Owned Galloway Gold Project Located in the Abitibi Region of Quebec

Fokus Mining Corporation, Annual General Meeting, Jun 20, 2024

Fokus Mining Corporation Appoints Luc Gervais to Its Board of Directors

Fokus Mining Corporation Intersects 10 Metres Grading 10.06 G/T At the Galloway Project

Fokus Mining Corporation announced that it has received CAD 0.15 million in funding

Fokus Mining Corporation Announces Discovery of New Gold Zone North of the Galloway Project

Fokus Mining Corporation Provides Exploration Update

Fokus Mining Corporation announced that it expects to receive CAD 0.45 million in funding

New major risk - Share price stability

Insufficient new directors

Fokus Mining Corporation Begins Its Winter Drilling Program on the Galloway Project

Fokus Mining Corporation announced that it expects to receive CAD 0.32684 million in funding

Fokus Mining Corporation announced that it has received CAD 0.4245 million in funding

Fokus Mining Corporation to Resume Drilling on Newly Discovered RB Zone in Galloway

Fokus Mining Corporation Appoints Jean-David Moore to Its Board of Directors

Fokus Mining Corporation Intersects 229.5 Metres Grading 1.03 g/t Au, Including 130 Metres Grading 1.41 g/t Au in the RB Zone of the Galloway Project

Fokus Mining Corporation (TSXV : FKM) entered into an agreement to acquire the remaining 10% stake in Three Mining Leases and 34 Mining Claims in Hurd sector and Ogima-Nord sector of Galloway Property for CAD 0.36 million.

Fokus Mining Corporation announced that it has received CAD 0.9465 million in funding

Fokus Mining Corporation to Drill Test the Newly Identified RB Zone on Its Galloway Property

Fokus Mining Corporation Completes Metallurgical Testwork on Galloway

High number of new and inexperienced directors

Fokus to Complete Metallurgical Testing on Galloway by the End of October

Fokus Mining Corporation Undertakes A Series of Metallurgical Testing on Galloway

Mosaic Minerals Corp. (CNSX:MOC) completed the acquisition of Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM).

Mosaic Minerals Corp. (CNSX:MOC) has signed an agreement to acquire Gaboury and 113 North Projects from Fokus Mining Corporation (TSXV:FKM) for CAD 0.3 million.

Fokus Mining Corporation announced that it expects to receive CAD 2.48435 million in funding

High number of new and inexperienced directors

Fokus Discovers New Gold Zone on Galloway

Fokus Mining Corporation Announces New Drilling Results on Hendrick Zone of Galloway Project, Located in Rouyn-Noranda Mining Sector in Abitibi, Québec

Fokus Mining Corporation Provides Drill Results on Its Hendrick Zone on Its Galloway Project Located Near Rouyn-Noranda in the Abitibi Region

Fokus Mining Corporation Announces Partial Results from the Hendrick Zone in the Southern Axis of the Golden Triangle Area of the Galloway Project

Fokus Mining Intersects 0.62 g/t AuEq over 343.45 Meters on the GP Gold Sector at Galloway

New 90-day low: CA$0.24

Fokus Mining Intersected 120.30 Meters At 1.12 G/T Au Included in A Broader Segment That Returned 367.45 Meters At 0.72 G/T Au on Hendrick Zone, Galloway

Fokus Mining Corporation Expects to Release Assay Results Shortly

New 90-day low: CA$0.28

Fokus Mining Corporation Announces Director Changes

New 90-day high: CA$0.41

Fokus Mining Corporation announced that it has received CAD 5 million in funding

Fokus Mining Corporation announced that it has received CAD 1 million in funding

CFO, Secretary & Director recently sold CA$222.9k worth of stock

New 90-day high - CA$0.28

An unknown buyer acquired Golden Moon property in the Obalski, Québec from Fieldex Exploration Inc. (TSXV:FLX) for CAD 0.02 million.

Fieldex Exploration Inc. announced that it expects to receive CAD 1 million in funding

Fieldex Exploration Inc. announced that it has received CAD 0.1 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

Discover healthy companies