Metals Creek Resources Balance Sheet Health

Financial Health criteria checks 6/6

Metals Creek Resources 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$8.8M and CA$142.4K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$21.86k
Equity	CA$8.69m
Total liabilities	CA$142.42k
Total assets	CA$8.84m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MEK's short term assets (CA$216.1K) exceed its short term liabilities (CA$142.4K).

Long Term Liabilities: MEK has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: MEK is debt free.

Reducing Debt: MEK has not had any debt for past 5 years.

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: MEK has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MEK is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.

Metals Creek Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Metals Creek Resources Corp. announced that it expects to receive CAD 0.8 million in funding

New major risk - Financial position

Metals Creek Resources Corp. Announces Results from the First Hole of the Recently Completed Diamond Drilling Program At the Tillex Copper Project Located in Currie Township

Metals Creek Resources Corp., Annual General Meeting, Nov 06, 2024

New major risk - Financial position

Metals Creek Resources Corp. announced that it expects to receive CAD 0.4 million in funding

New major risk - Financial position

Metals Creek Resources Corp. Announces New High Grade Gold Mineralization While Mechanical Surface Trenching on the Shabaqua Corners Gold Property

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

Metals Creek Resources Corp. Announces Channel Sample Assay Results from Recently Completed Trenching Program on the Shabaqua Corners Gold Property

New major risk - Financial position

Metals Creek Resources Corp. announced that it has received CAD 0.221436 million in funding

New minor risk - Shareholder dilution

Metals Creeks Identifies Additional Gold Mineralization on the Shabaqua Corners Gold Property

Metals Creek Resources Corp. Announces the New Discovery of Additional High Grade Gold Mineralization on the Eastern Portion of the Shabaqua Corners Gold Property

Metals Creek Resources Corp. Discovers New Mineralization Up to 11.4 G/T Gold on the Bag Lake Claim Block in Flint Lake Jv Property

Metals Creek Resources Corp. Drills 3.66 G/T Gold over 14.66 Meters At the Ogden Gold Project

Less than half of directors are independent

Metals Creek Resources Corp. Reports Results from Recent Prospecting at Clark's Brook Property

Clark's Brook Property in the Central Newfoundland Gold Belt Returned to Metals Creek

Metals Creek Resources Corp. Drills 4.24 g/t Gold over 5.61 Meters at the Ogden Gold Project

Metals Creek Resources Corp. Announces Additional Diamond Drill Results from Drill Holes Dl22-029, 030 and 031 of the Phase III Diamond Drill Program At the Dona Lake Gold Project

Metals Creek Resources Corp. Drills 1.50 G/T Gold over 18.00 Meters At Dona Lake

Less than half of directors are independent

Metals Creek Resources Corp. Announces Additional Diamond Drill Results for Drill Hole DL22-027 from the phase III Diamond Drill Program At the Dona Lake Gold Project

Metals Creek Dl22-025 Returns 14.10 G/T Gold over 3.97 Meters in Deepest Intercept to Date from Dona Lake Drilling

Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Holes DL21-022 and DL22-023 from the Phase III Diamond Drill Program At the Dona Lake Gold Project

Metals Creek Resources Corp. Commences Drilling At the Ogden Gold Project

Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Holes DL21-020A and DL21-021 from the Phase III Diamond Drill Program at the Dona Lake Gold Project

Metals Creek Resources Corp. Drills 9.2 G/T Gold over 4.47 Meters At the Ogden Gold Project

Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Holes DL21-018 and DL21-019 from the Phase III Diamond Drill Program

Metals Creek Resources Corp. announced that it has received CAD 1.00914 million in funding from Fieldhouse Capital Management Inc. and other investors

Metals Creek Resources Corp. Commences Drilling on the Ogden Gold Project in Timmins, Ontario

Metals Creek Resources Corp. Reports Final Results from Recently Completed Drilling At Dona Lake

Metals Creek Resources Corp. Initiates Exploration on the Ogden Gold Project

Metals Creek Resources Corp. Announces Diamond Drill Results for Drill Hole DL21-014 from the Phase II Diamond Drill Program at the Dona Lake Gold Project

Metals Creek Resources Corp. Option Partner General Gold Resources Commences Drilling on Clark's Brook Property, Central Newfoundland

Metals Creek Receives Exploration Permits for Ogden Gold Project

Independent Director Lorne Woods has left the company

Metals Creek Resources Corp. Announces Diamond Drill Results for Three Drill Holes from the Ongoing Phase II Diamond Drill Program at the Dona Lake Gold Project

Metals Creeks Announces High-Grade Gold Results from Flint Lake Sampling Program

Metals Creek Resources Corp. (TSXV:MEK) acquired 298 claim units in 4 licenses in the Central Newfoundland Gold Belt.

Metals Creek Resources Corp. announced that it has received CAD 3.955197 million in funding from Crescat Capital

Metals Creek Outlines SGH Gold Anomalies At Ogden Gold Project

Metals Creek Resources Corp. announced that it expects to receive CAD 3.5 million in funding

Metals Creek Resources Corp Hits Gold in Deepest Known Drill Hole At the Dona Lake Gold Mine, Increases Drilling to 5,000 Meters

Metals Creek Resources Corp. announced that it has received CAD 0.784414 million in funding

Metals Creek Resources Corp. Announces the Commencement of A Minimum 2,500 Meter Diamond Drilling Program on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario

Metals Creek Resources Corp. Announces Diamond Drill Results from the Initial Two Drill Holes of the Corporation's First Diamond Drilling Program on the Dona Lake Gold Project in the Pickle Lake Gold Camp, Ontario

Metals Creek Resources Corp. Announces Final Results from Its Recently Completed Diamond Drill Program from the Dona Lake Gold Project

Metals Creek Resources Corp. announced that it has received CAD 0.211 million in funding

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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