NGEx net loss narrows to CAD 19.98 million in Q2 FY26

Reuters2026/08/06 23:32

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NGEx Minerals reported a Q2 net loss of CAD 19.98 million, narrowing from CAD 21.39 million a year earlier; loss per share improved to CAD 0.09 from CAD 0.10.
Exploration and project investigation costs rose to CAD 17.79 million from CAD 17.41 million, while G&A climbed to CAD 5.35 million from CAD 3.29 million.
Cash fell to CAD 81.19 million at June 30, 2026 from CAD 192.54 million at Dec. 31, 2025, while short-term investments increased to CAD 133.49 million from CAD 80.74 million.
Working capital rose to CAD 463.3 million from CAD 436.48 million, supported by a CAD 252.7 million stake in LunR Royalties common shares.
Phase 4 drilling at Lunahuasi delivered high-grade intercepts and expanded the Saturn, Mars and Jupiter zones; Phase 5 drilling is expected to start in Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NGEx Minerals Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

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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NGEx net loss narrows to CAD 19.98 million in Q2 FY26

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