J2 Metals FY26 net loss widens to C$1.8 million; cash more than quadruples to C$3.9 million
Reuters2026/07/29 21:22- J2 Metals posted a net loss of CAD 1.8 million, or CAD 0.08 a share, for fiscal 2026, widening from CAD 715,400.
- Cash more than doubled to CAD 3.9 million at March 31, 2026, from CAD 925,927 a year earlier.
- Total assets climbed to CAD 7.84 million from CAD 4.08 million; shareholders’ equity rose to CAD 7.42 million from CAD 3.68 million.
- Raised about CAD 4.76 million in private placements during the year, including an upsized CAD 3.8 million financing and a flow-through offering.
- Advanced Sierra Plata in Mexico toward a maiden drill program; CEO Thomas Lamb cited cash, working capital, drill permitting, and a strengthened board.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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