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Athena Gold
(OTC:ATHA)
Athena Gold (ATHA) vs. iShares MSCI Canada ETF (EWC)
Athena Gold Business Overview & Revenue Model
Athena Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -147.29K | 0.00 | 0.00 | -1.30M | -752.00K | -277.00K |
| Net Income | -153.31K | -637.00K | 612.75K | -684.00K | -1.03M | -410.00K |
Balance Sheet | ||||||
| Total Assets | 7.58M | 6.99M | 6.74M | 6.24M | 6.12M | 158.99K |
| Cash, Cash Equivalents and Short-Term Investments | 1.29M | 618.40K | 2.81K | 15.07K | 72.82K | 8.99K |
| Total Debt | 102.47K | 103.42K | 0.00 | 106.21K | 0.00 | 43.95K |
| Total Liabilities | 763.57K | 838.00K | 423.16K | 1.28M | 1.07M | 244.68K |
| Stockholders Equity | 6.82M | 6.15M | 6.32M | 4.96M | 5.05M | -85.70K |
Cash Flow | ||||||
| Free Cash Flow | -931.64K | -711.05K | -696.22K | -956.05K | -656.64K | -197.44K |
| Operating Cash Flow | -886.64K | -666.05K | -696.22K | -926.83K | -656.64K | -197.44K |
| Investing Cash Flow | 49.23K | 26.24K | 0.00 | -29.21K | 0.00 | 0.00 |
| Financing Cash Flow | 1.35M | 879.08K | 683.95K | 898.30K | 720.48K | 208.88K |
Athena Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$17.59M | 0.81 | 289.73% | ― | ― | ― | |
52 Neutral | C$20.88M | 10.67 | 19.89% | ― | ― | ― | |
51 Neutral | C$14.76M | -4.32 | -44.50% | ― | ― | -221.30% | |
48 Neutral | C$16.30M | -9.24 | -15.87% | ― | ― | -90.32% | |
36 Underperform | C$13.21M | -4.82 | -3.35% | ― | ― | -14.51% | |
36 Underperform | C$24.92M | -80.77 | ― | ― | ― | -970.00% |
Athena Gold Corporate Events
Athena Gold Corporation has closed the third and final tranche of its non-brokered private placement, bringing total gross proceeds to approximately C$3.5 million and fully funding its upcoming drilling programs. The financing, structured through a mix of flow-through and non-flow-through units with attached warrants, will support exploration at the company’s Laird Lake and Oneman Lake projects in Ontario and provide additional funds for broader exploration, general and administrative costs, and working capital, strengthening Athena Gold’s ability to advance its Canadian assets without insider participation in the latest tranche.
Athena Gold Corporation has successfully closed the second tranche of its non-brokered private placement, raising CDN $270,499.98. Due to strong demand, the company increased its offering, now totaling up to CDN $4,200,000, with proceeds allocated for exploration projects in Ontario and general corporate purposes. This strategic move enhances Athena Gold’s financial position and supports its ongoing exploration initiatives, potentially strengthening its market presence.
Athena Gold Corporation has successfully closed the first tranche of its non-brokered private placement, raising approximately CDN $2.73 million. Due to high investor interest, the company plans to increase the offering of non-flow-through units, expecting an oversubscription of CDN $400,000. The funds raised will support exploration projects at Laird Lake and Oneman Lake in Ontario, as well as general corporate purposes. This strategic financial move positions Athena Gold to enhance its exploration activities and strengthen its market presence in the critical minerals sector.
Athena Gold Corporation has announced significant progress in its Excelsior Springs Project in Nevada, with Mammoth Minerals Limited conducting successful maiden diamond drilling. The drilling results have validated and extended the geological model, revealing high-grade gold intercepts and confirming mineralization at depth and along the Buster Trend. Additionally, a high-resolution magnetic survey has identified a large intrusive complex with geological similarities to the Goldfield Caldera, potentially expanding the project’s scope and impact on the mining industry.
Athena Gold Corporation has announced significant progress in its Excelsior Springs Project in Nevada, with Mammoth Minerals Limited reporting promising results from their maiden diamond drilling program. The drilling at the Buster Mine Trend has yielded high-grade gold intercepts, validating the geological model and extending the mineralization potential. Additionally, a high-resolution magnetic survey has identified a large intrusive complex, suggesting further exploration opportunities. These developments could enhance Athena’s position in the mining sector and offer potential benefits to stakeholders.
Athena Gold Corporation has increased its private placement offering from CDN $2,000,000 to CDN $3,100,000 due to strong investor demand. The funds raised will be used for exploration projects in Ontario and general corporate purposes, with the offering structured to include flow-through and non-flow-through units, benefiting from Canadian tax incentives. This move is expected to enhance Athena’s exploration capabilities and strengthen its position in the mining sector.
Athena Gold Corporation announced a non-brokered private placement to raise up to CDN $2 million through the issuance of flow-through and non-flow-through shares. The funds will be allocated to exploration projects in Ontario and general corporate purposes. The offering is set to close in tranches, with regulatory approvals pending, and includes provisions for insider participation and potential finders’ fees. This move is part of Athena’s broader strategy to enhance its exploration capabilities and market positioning.
Athena Gold Corporation has announced promising results from its 2025 prospecting program at the Laird Lake gold project in Ontario’s Red Lake Gold District. The discovery of high-grade gold at the Rigby showing, with values up to 20.8 g/t, indicates significant potential for further exploration. The company has submitted permits for a drilling program set to begin in early 2026, aiming to explore geophysical and geological targets. This development positions Athena strategically within the gold mining sector, potentially enhancing its market standing and offering new opportunities for stakeholders.
Athena Gold Corporation has announced a significant expansion of its landholding at the Excelsior Springs Project in Nevada, with Mammoth Minerals Limited increasing the area by 340% through direct staking. This expansion includes multiple mineralized occurrences such as gold, tungsten, antimony, and copper, which are being actively evaluated. The strategic increase allows Athena to benefit from a 20% carried interest and a 1% Net Smelter Return royalty, enhancing its position in the mineral exploration industry.
Athena Gold Corporation announced significant exploration updates from its Excelsior Springs project in Nevada, where Mammoth Minerals Limited has reported high-grade polymetallic sampling results from the Blue Dick Trend, extending the zone to a 2.9 km strike. The findings include high concentrations of silver, gold, copper, and antimony, indicating potential for further development and strengthening Athena’s position in the mineral exploration industry. The project is undergoing additional analysis and mapping to refine exploration targets, with diamond drilling continuing across the Buster Gold Trend.
Athena Gold Corporation has commenced its first-ever diamond drilling campaign at the Excelsior Springs project in Nevada, funded by Mammoth Minerals Limited. This initiative aims to define the geometry and extent of mineralization at the Buster Trend and provide crucial metallurgical and geotechnical samples. The drilling is expected to enhance geological understanding and support future development studies, with significant implications for Athena’s operational capabilities and market positioning.