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Canada Rare Earth Corp.

Financial Statements (IFRS) · Amounts in CAD
5 10 All
Income Statement
Balance Sheet
Cash Flow
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Total Revenue 0.00 0.00 0.00 113,663 1.6M
Operating Revenue 0.00 0.00 0.00 113,663 1.6M
Cost Of Revenue 0.00 0.00 0.00 0.00 1.5M
Gross Profit 0.00 0.00 0.00 113,663 165,265
Selling General And Administration 211,559 -8,646 287,657 291,403 195,487
General And Administrative Expense 211,559 -8,646 287,657 291,403 195,487
Depreciation And Amortization In Income Statement 18,251 18,251 18,253 18,251 18,252
Other Operating Expenses -- -- -- -- 79,152
Operating Expense 234,265 869,198 305,910 309,654 292,891
Operating Income -234,265 -869,198 -305,910 -195,991 -127,626
EBIT -248,783 -1.8M -293,999 -226,890 -108,893
Interest Expense 51,002 37,042 24,750 31,947 21,636
Interest Expense Non Operating 51,002 37,042 24,750 31,947 21,636
Net Interest Income -51,002 -37,042 -24,750 -31,947 -21,636
Other Income Expense -14,518 -905,507 11,911 -30,899 18,733
Other Non Operating Income Expenses 16,302 18,833 12,480 17,768 14,897
Special Income Charges -177.00 -973,368 0.00 0.00 0.00
Write Off 177.00 973,368 0.00 0.00 0.00
Gain On Sale Of Security -29,722 49,893 364.00 -47,748 5,996
Earnings From Equity Interest -921.00 -865.00 -933.00 -919.00 -2,160
Pretax Income -299,785 -1.8M -318,749 -258,837 -130,529
Tax Effect Of Unusual Items 0.00 0.00 0.00 0.00 0.00
Net Income From Continuing And Discontinued Operation -299,785 -1.8M -318,749 -258,837 -130,529
Net Income From Continuing Operation Net Minority Interest -299,785 -1.8M -318,749 -258,837 -130,529
Net Income Including Noncontrolling Interests -299,785 -1.8M -318,749 -258,837 -130,529
Net Income Common Stockholders -299,785 -1.8M -318,749 -258,837 -130,529
Net Income -299,785 -1.8M -318,749 -258,837 -130,529
EBITDA -230,532 -1.8M -275,746 -208,639 -86,200
Normalized EBITDA -200,633 -832,979 -276,110 -160,891 -92,196
Reconciled Depreciation 18,251 18,251 18,253 18,251 22,693
Basic EPS 0.00 -- 0.00 0.00 -0.00
Diluted EPS 0.00 -- 0.00 0.00 -0.00
Basic Average Shares 211.6M -- 211.6M 211.6M 211.6M
Diluted Average Shares 211.6M -- 211.6M 211.6M 211.6M
Total Unusual Items -29,899 -923,475 364.00 -47,748 5,996
Total Unusual Items Excluding Goodwill -29,899 -923,475 364.00 -47,748 5,996
Tax Rate For Calcs 0.00 0.00 0.00 0.00 0.00
Normalized Income -269,886 -888,272 -319,113 -211,089 -136,525
Depreciation Amortization Depletion Income Statement 18,251 18,251 18,253 18,251 18,252
Depreciation Income Statement 18,251 -- -- -- 18,252
Diluted NI Availto Com Stockholders -299,785 -1.8M -318,749 -258,837 -130,529
Impairment Of Capital Assets -- 0.00 0.00 -- --
Net Income Continuous Operations -299,785 -1.8M -318,749 -258,837 -130,529
Net Non Operating Interest Income Expense -51,002 -37,042 -24,750 -31,947 -21,636
Other Gand A 210,133 -12,047 279,276 279,425 181,361
Provision For Doubtful Accounts 4,455 -- -- -- --
Reconciled Cost Of Revenue 0.00 0.00 0.00 0.00 1.5M
Salaries And Wages 1,426 3,401 8,381 11,978 14,126
Total Expenses 234,265 869,198 305,910 309,654 1.8M
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Cash And Cash Equivalents 140,603 372,714 25,066 97,721 2,121
Cash Cash Equivalents And Short Term Investments 140,603 372,714 25,066 97,721 2,121
Cash Financial 140,603 372,714 25,066 97,721 2,121
Accounts Receivable 0.00 321,927 396,503 395,598 392,046
Receivables 40,838 33,273 424,453 421,718 423,535
Prepaid Assets 54,140 20,062 20,902 24,870 18,773
Current Assets 235,581 426,049 470,421 544,309 444,429
Gross PPE 408,490 408,490 408,490 408,490 408,490
Accumulated Depreciation -307,103 -288,852 -270,601 -252,348 -234,097
Net PPE 101,387 119,638 137,889 156,142 174,393
Goodwill And Other Intangible Assets -- 0.00 0.00 0.00 0.00
Investments And Advances -- 0.00 906,968 907,901 908,820
Long Term Equity Investment -- 0.00 906,968 907,901 908,820
Total Non Current Assets 101,387 119,638 1.0M 1.1M 1.1M
Total Assets 336,968 545,687 1.5M 1.6M 1.5M
Current Debt 711,229 704,679 705,949 706,255 420,237
Current Debt And Capital Lease Obligation 771,438 783,932 783,157 781,471 493,513
Accounts Payable 356,964 529,227 322,599 278,150 366,115
Payables 2.4M 2.3M 1.7M 1.3M 1.1M
Payables And Accrued Expenses 2.6M 2.3M 1.7M 1.4M 1.1M
Current Accrued Expenses 152,074 -- 72,215 50,628 --
Current Deferred Revenue -- 0.00 0.00 0.00 114,201
Current Liabilities 3.3M 3.1M 2.5M 2.1M 1.7M
Long Term Debt 987,641 967,918 588,641 589,174 552,732
Long Term Debt And Capital Lease Obligation 987,641 967,918 609,238 629,836 612,941
Long Term Capital Lease Obligation -- 0.00 20,597 40,662 60,209
Total Non Current Liabilities Net Minority Interest 1.2M 1.3M 1.1M 1.2M 1.4M
Total Liabilities Net Minority Interest 4.5M 4.4M 3.6M 3.4M 3.1M
Common Stock 17.6M 17.6M 17.6M 17.6M 17.6M
Capital Stock 17.6M 17.6M 17.6M 17.6M 17.6M
Retained Earnings -31.0M -30.7M -28.9M -28.6M -28.3M
Gains Losses Not Affecting Retained Earnings 9.2M 9.2M 9.2M 9.2M 9.2M
Common Stock Equity -4.2M -3.9M -2.1M -1.8M -1.5M
Stockholders Equity -4.2M -3.9M -2.1M -1.8M -1.5M
Total Equity Gross Minority Interest -4.2M -3.9M -2.1M -1.8M -1.5M
Total Capitalization -3.2M -2.9M -1.5M -1.2M -984,399
Net Tangible Assets -4.2M -3.9M -2.1M -1.8M -1.5M
Tangible Book Value -4.2M -3.9M -2.1M -1.8M -1.5M
Working Capital -3.1M -2.7M -2.0M -1.6M -1.3M
Invested Capital -2.5M -2.2M -799,768 -488,561 -564,162
Total Debt 1.8M 1.8M 1.4M 1.4M 1.1M
Net Debt 1.6M 1.3M 1.3M 1.2M 970,848
Share Issued 211.6M 211.6M 211.6M 211.6M 211.6M
Ordinary Shares Number 211.6M 211.6M 211.6M 211.6M 211.6M
Allowance For Doubtful Accounts Receivable -329,523 -- -- -- --
Buildings And Improvements 318,552 318,552 318,552 318,552 318,552
Capital Lease Obligations 60,209 79,253 97,805 115,878 133,485
Current Capital Lease Obligation 60,209 79,253 77,208 75,216 73,276
Current Deferred Liabilities -- 0.00 0.00 0.00 114,201
Dueto Related Parties Current 2.1M 1.8M 1.3M 1.0M 730,293
Dueto Related Parties Non Current 219,710 351,710 483,710 615,710 747,710
Gross Accounts Receivable 329,523 -- -- -- --
Interest Payable 152,074 -- 72,215 50,628 --
Investmentsin Associatesat Cost -- 0.00 906,968 907,901 908,820
Machinery Furniture Equipment 89,938 89,938 89,938 89,938 89,938
Other Current Borrowings 711,229 704,679 705,949 706,255 420,237
Receivables Adjustments Allowances -- -321,927 -- -- --
Taxes Receivable 40,838 33,273 27,950 26,120 31,489
Tradeand Other Payables Non Current 0.00 0.00 0.00 0.00 0.00
Line Item Q3 2025Sep 30, 2025 Q2 2025Jun 30, 2025 Q1 2025Mar 31, 2025 Q4 2024Dec 31, 2024 Q3 2024Sep 30, 2024
Operating Cash Flow -205,663 -43,042 -51,420 -155,754 -554,094
Cash Flow From Continuing Operating Activities -205,663 -43,042 -51,420 -155,754 -554,094
Depreciation And Amortization 18,251 18,251 18,253 18,251 22,693
Depreciation Amortization Depletion 18,251 18,251 18,253 18,251 22,693
Stock Based Compensation 1,426 3,401 8,381 11,978 14,126
Change In Working Capital -10,606 449,525 215,852 7,453 -474,684
Change In Receivables -7,565 -2,130 -2,735 1,817 -14,601
Change In Payables And Accrued Expense 31,037 450,815 214,619 125,934 -72,225
Change In Payable 31,037 -- 214,619 125,934 -72,225
Change In Other Working Capital -- 0.00 0.00 -114,201 -1.6M
Other Non Cash Items 51,003 41,137 24,474 24,840 21,350
Investing Cash Flow -5,490 -3,927 0.00 0.00 -912.00
Cash Flow From Continuing Investing Activities -5,490 -3,927 0.00 0.00 -912.00
Issuance Of Debt 0.00 689,202 -280.00 351,733 88,494
Repayment Of Debt -20,958 -294,698 -20,957 -89,393 -20,958
Net Issuance Payments Of Debt -20,958 394,504 -21,237 262,340 67,536
Financing Cash Flow -20,958 394,617 -21,235 251,354 67,536
Cash Flow From Continuing Financing Activities -20,958 394,617 -21,235 251,354 67,536
Changes In Cash -232,111 347,648 -72,655 95,600 -487,470
Beginning Cash Position 372,714 25,066 97,721 2,121 489,591
End Cash Position 140,603 372,714 25,066 97,721 2,121
Free Cash Flow -205,663 -43,042 -51,420 -155,754 -554,094
Income Tax Paid Supplemental Data 0.00 0.00 0.00 0.00 0.00
Interest Paid Supplemental Data 0.00 -113.00 -2.00 10,986 0.00
Amortization Cash Flow 0.00 0.00 0.00 0.00 4,441
Amortization Of Intangibles 0.00 0.00 0.00 0.00 4,441
Asset Impairment Charge 177.00 973,368 0.00 0.00 0.00
Cash Dividends Paid -- 0.00 0.00 0.00 0.00
Change In Account Payable -71,563 -- 44,448 -48,319 -218,417
Change In Prepaid Assets -34,078 840.00 3,968 -6,097 1.3M
Depreciation 18,251 18,251 18,253 18,251 18,252
Earnings Losses From Equity Investments 921.00 865.00 933.00 919.00 2,160
Gain Loss On Sale Of Business -- -- 933.00 919.00 2,160
Interest Paid Cff -- 113.00 2.00 -10,986 0.00
Long Term Debt Issuance -- 677,600 -216,536 351,733 88,494
Long Term Debt Payments -20,958 -294,698 -20,957 -89,393 -20,958
Net Foreign Currency Exchange Gain Loss 28,495 -39,769 -564.00 39,642 -9,210
Net Income From Continuing Operations -299,785 -1.8M -318,749 -258,837 -130,529
Net Long Term Debt Issuance -20,958 382,902 -237,493 262,340 67,536
Net Other Investing Changes -5,490 -- 0.00 0.00 -912.00
Net Short Term Debt Issuance 0.00 11,602 -- -- 88,494
Operating Gains Losses 29,416 -38,904 369.00 40,561 -7,050
Provisionand Write Offof Assets 4,455 -- -- -- --
Short Term Debt Issuance 0.00 11,602 -- -- 88,494
Short Term Debt Payments -- 0.00 -- -- --
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