Pacific Empire Minerals FY2026 loss widens as Trident drilling drives higher exploration spend, share-based pay rises
Reuters2026/07/29 23:49- Pacific Empire Minerals posted a loss of CAD 2.39 million for the year ended March 31, 2026, driven by higher exploration spending and operating costs.
- Net exploration expenditures rose to CAD 1.06 million, mainly tied to drilling work programs at the Trident property.
- General and administrative expenses increased to CAD 1.48 million, led by CAD 419,095 of share-based compensation and higher consulting and directors’ fees.
- Working capital improved to CAD 547,606, supported by CAD 2.55 million of financing cash inflows, including CAD 1.83 million in private placements.
- Cash ended at CAD 629,118; management flagged a need for additional funding to cover planned administrative and exploration spending.
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