Quarterly ResultMay 15, 2026, 02:56 PM
Anfield Energy Q1 2026 Net Loss C$7.05M; Total Assets C$94.53M
AI Summary
Anfield Energy Inc. reported a net loss of C$7.05 million for the three months ended March 31, 2026, a significant increase from C$2.77 million in Q1 2025. Despite the increased loss, the company's total assets grew to C$94.53 million and total equity increased to C$54.69 million, supported by C$13.46 million in net proceeds from share issuances. The company also completed the acquisition of BRS Inc. and announced updated Preliminary Economic Assessment results for its mine projects subsequent to the quarter end.
Key Highlights
- Net loss for Q1 2026 was C$7.05 million, up from C$2.77 million in Q1 2025.
- Total comprehensive loss for Q1 2026 was C$6.62 million, compared to C$2.85 million in Q1 2025.
- Loss per share for Q1 2026 was C$0.40, higher than C$0.18 in Q1 2025.
- Total Assets increased to C$94.53 million at March 31, 2026, from C$84.09 million at December 31, 2025.
- Total Equity rose to C$54.69 million at March 31, 2026, from C$46.79 million at December 31, 2025.
- Cash balance at March 31, 2026, was C$8.10 million, up from C$3.35 million at December 31, 2025.
- Closed the acquisition of BRS Inc. on May 8, 2026, following a US$1.5 million payment in Q1 2026.
- Announced updated Preliminary Economic Assessment (PEA) results for its mine projects on May 4, 2026.
Price Impact
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