Laurion Mineral Exploration Balance Sheet Health

Financial Health criteria checks 6/6

Laurion Mineral Exploration has a total shareholder equity of CA$8.4M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$8.9M and CA$432.8K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$6.24m
Equity	CA$8.43m
Total liabilities	CA$432.82k
Total assets	CA$8.86m

Recent financial health updates

Companies Like Laurion Mineral Exploration (CVE:LME) Can Afford To Invest In Growth

Aug 28

Companies Like Laurion Mineral Exploration (CVE:LME) Are In A Position To Invest In Growth

Mar 14

We're Not Very Worried About Laurion Mineral Exploration's (CVE:LME) Cash Burn Rate

Nov 29

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Jun 16

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Nov 16

Is Laurion Mineral Exploration (CVE:LME) In A Good Position To Deliver On Growth Plans?

Nov 27

Recent updates

Companies Like Laurion Mineral Exploration (CVE:LME) Can Afford To Invest In Growth

Aug 28

Companies Like Laurion Mineral Exploration (CVE:LME) Are In A Position To Invest In Growth

Mar 14

We're Not Very Worried About Laurion Mineral Exploration's (CVE:LME) Cash Burn Rate

Nov 29

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Jun 16

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Nov 16

Is Laurion Mineral Exploration (CVE:LME) In A Good Position To Deliver On Growth Plans?

Nov 27

Financial Position Analysis

Short Term Liabilities: LME's short term assets (CA$8.9M) exceed its short term liabilities (CA$432.8K).

Long Term Liabilities: LME has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: LME is debt free.

Reducing Debt: LME 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: LME has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LME has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 13.7% each year.

Laurion Mineral Exploration Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Companies Like Laurion Mineral Exploration (CVE:LME) Can Afford To Invest In Growth

Companies Like Laurion Mineral Exploration (CVE:LME) Are In A Position To Invest In Growth

We're Not Very Worried About Laurion Mineral Exploration's (CVE:LME) Cash Burn Rate

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Is Laurion Mineral Exploration (CVE:LME) In A Good Position To Deliver On Growth Plans?

Recent updates

Laurion Mineral Exploration Inc. announced that it has received CAD 2.609658 million in funding

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 2.7 million in funding

President exercised options to buy CA$215k worth of stock.

Laurion Mineral Exploration Inc. Announces 2024 Field Exploration Plans and Updates on Ishkõday Project

Laurion Mineral Exploration Inc. Receives the Second Batch of Assay Reports from its 2024 Diamond Drilling Program

Laurion Mineral Exploration Inc. announced that it has received CAD 1.676535 million in funding

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 1.7 million in funding

LAURION Mineral Exploration Inc. Unveils 2024 Exploration Program for Ishkoday Property, Enhancing Focus on Sturgeon River Mineralized Structures

Laurion Mineral Exploration Inc.'S 2023 Drilling Campaign Successfully Defines the Sturgeon River Mineralized System over 1,600M and to Depth of 600M

Laurion Mineral Exploration Inc. Announces Assay Results from the Final Four Diamond Drill Holes of Its Fall 2023 Diamond Drill Program

Laurion Mineral Exploration Inc. Confirms the Extension of the Sturgeon River Mine Mineralization by 600 Metres to the Northeast

Laurion Mineral Exploration Inc. Announces the Successful Conclusion of Its 2023 Exploration Program and the Completion of Its Drilling Program

Laurion Mineral Exploration Inc. announced that it has received CAD 2.880024 million in funding

New minor risk - Shareholder dilution

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 2.7 million in funding

New minor risk - Market cap size

Laurion Mineral Exploration Inc. (TSXV:LME) acquired Twin Falls Property from two arms-length parties for CAD 0.09 million.

Laurion Mineral Exploration Inc. Announces Commencement of 2023 Drill Program at the Ishkoday Project

Laurion Mineral Exploration Inc. Announces Resignation of Nick Ierfino as Director

Laurion Mineral Exploration Inc., Annual General Meeting, Nov 15, 2023

Companies Like Laurion Mineral Exploration (CVE:LME) Can Afford To Invest In Growth

Laurion Mineral Exploration Inc. Announces Successful Completion of Sensor-Based Ore Sorting Campaigns from the Surface Stockpile At the Ishkoday Project

Companies Like Laurion Mineral Exploration (CVE:LME) Are In A Position To Invest In Growth

LAURION Mineral Exploration Inc. Appraises Progress on Ishkoday to Date and Plans for Generative 2023 Exploration Program

Laurion Mineral Exploration Inc. Announces Appointment of Vikram Jayaraman of DRA Americas Inc. to the Technical Advisory Board

Laurion Mineral Exploration Inc. Latest Drilling Results from 2022 Exploration Campaign Identify A New Orogenic Gold Corridor Associated with the Niish Shear Zone

We're Not Very Worried About Laurion Mineral Exploration's (CVE:LME) Cash Burn Rate

LAURION Mineral Exploration Inc. Intersects 2.55 Metres at 2.50 g/t Gold, 7.96 g/t Silver and 1.17 % Zinc; Including 0.55m at 8.91 g/t Au, Identifying New High-Grade Potential for Orogenic Type Mineralization Along the Niish Shear Zone

LAURION Continues to Confirm Continuity from A-Zone to McLeod in Undrilled Areas and at Depth, Intersecting up 5.77 g/t Gold, 8.40 g/t Silver, 0.17% Copper and 1.80 % Zinc over 0.7 meters

Laurion Mineral Exploration Inc. Announces CFO Changes

Laurion Mineral Exploration Inc. announced that it has received CAD 2.013104 million in funding

Laurion Mineral Exploration Inc. Announces the Successful Completion of 2022 Exploration Program

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 0.550001 million in funding

Laurion Mineral Exploration Inc. Announces Essay Results

Independent Director recently sold CA$152k worth of stock

LAURION Mineral Exploration Inc. Provides Update of the 2022 Exploration Program, Expanding Stacked Vein System on Ishkoday Project

Laurion Mineral Exploration Inc., Annual General Meeting, Sep 28, 2022

President exercised options to buy CA$1.6m worth of stock.

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

LAURION Mineral Exploration Inc. Announces Assay Results for Six New Diamond Drill Holes Which Tested the Potential of the Undrilled Continuity of Mineralization, Between the Southwestern Portion of the A-Zone and Towards the Mcleod Zone

Laurion Mineral Exploration Inc. Intersects 2.44 G/T Au and 1.58% Zn over 1.95M Within A Mineralized Intercept of 5.95M At 0.85 G/T Au and 0.54% Zn; as Part of the Depth Extension of the A-Zone At Ishkoday Au-Zn- Cu-Ag Project

LAURION Mineral Exploration Inc. Announces Assay Results for Three New Diamond Drill Holes Testing the Continuity of the Newly Opened Area That Extends the A-Zone by 700 M Towards the Southwest

Laurion Mineral Exploration Inc. Announces Assay Results from the First Three Diamond Drill Holes at the Gold-And-Zinc-Rich Mineralization at the A-Zone

Laurion Mineral Exploration Inc. to Commence 15,000-Metre Diamond Drilling Program at Ishkoday Project, Ontario

Laurion Mineral Exploration Inc. announced that it has received CAD 0.575001 million in funding

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 0.575001 million in funding

Laurion Mineral Exploration Inc. announced that it has received CAD 1.998702 million in funding

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 2 million in funding

Laurion Mineral Exploration (CVE:LME) Is In A Good Position To Deliver On Growth Plans

Laurion Mineral Exploration Inc. Announces the Results of the 2021 Channel Sampling Program on A-Zone and the McLeod Areas on the Ishkoday Property, Located 220 Km Northeast of Thunder Bay

Laurion Mineral Exploration Inc. Resumes Drilling Program as Emergency Implementation Order Due to Fires Is Lifted

Laurion Mineral Exploration Inc. Provides Exploration Update and Announces Discovery of New Mineralized Outcrop

Laurion Pauses Drilling Program in Support of Demobilization for the Emergency Area Order Due to Fires Across Ontario

Laurion Mineral Exploration Inc. announced that it has received CAD 0.394997 million in funding

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 0.5 million in funding

Independent Director exercised options to buy CA$1.8m worth of stock.

Laurion Mineral Exploration Inc. announced that it has received CAD 1.618859 million in funding

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 1.5 million in funding

Laurion Mineral Exploration Inc. Provides an Update on its Exploration Activities

Laurion Mineral Exploration Inc. Appoints Jean-Philippe Paiement as Technical Advisor to Ishkoday

LAURION Mineral Exploration Inc. Reports Final Assay Results for the Remaining Two Drill Holes of the Ten Hole, 2,962 M Phase 2 Drill Campaign, Completed at Ishkoday Project

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 0.55 million in funding

President exercised options to buy CA$120k worth of stock.

LAURION Mineral Exploration Inc. Reports Further Assay Results for Four Drill Holes of the Ten Hole on CRK Zone, Ishkoday Project

Laurion Mineral Exploration Inc. announced that it has received CAD 0.23008 million in funding

Laurion Announces Initial Phase 2 Drill Results at CRK Zone, Ishkoday Project, Ontario

Laurion Mineral Exploration Inc. announced that it expects to receive CAD 0.25 million in funding

Is Laurion Mineral Exploration (CVE:LME) In A Good Position To Deliver On Growth Plans?

Laurion Mineral Exploration Inc. Announces Results of Additional Channel Sampling at CRK Zone, Ishkoday Project, Ontario