BonTerra posts June 30, 2026 half-year loss as exploration spending increases, company says
Reuters2026/08/27 13:07- BonTerra posted a net loss of CAD 6.03 million for the six months ended June 30, 2026, driven by higher exploration and evaluation spending.
- Exploration and evaluation expense rose to CAD 4.06 million from CAD 1.19 million, reflecting timing of work led by drilling at Desmaraisville.
- Professional fees increased to 292,762 from 181,702, tied to ongoing CRA-related discussions; the run-rate is expected to persist.
- Cash fell to CAD 3.28 million from CAD 4.87 million; working capital deficit widened to CAD 17.78 million from CAD 11.71 million.
- A fully backstopped rights offering targets up to CAD 20.4 million at CAD 0.12 per share to repay a CAD 5 million bridge loan.
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