BonTerra posts June 30, 2026 half-year loss as exploration spending increases, company says

Reuters2026/08/27 13:07

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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.

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. BonTerra Resources Inc. published the original content used to generate this news brief on August 26, 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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BonTerra posts June 30, 2026 half-year loss as exploration spending increases, company says

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