$CRCUF

Canagold Resources Ltd.

CIK:0000868822|SEC Filings

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Expenses:
Amortization	$ 76	$ 81	$ 89
Corporate development	127	126	152
Employee and director remuneration	451	475	598
General and administrative	478	458	403
Share-based payments	551	316	391
Operating loss	(1,683)	(1,456)	(1,633)
Interest and other income	38	148	65
Foreign exchange (loss) gain	(19)	71	36
Change in fair value of marketable securities	(97)	(143)	(364)
Gain on sale of long term investments	0	0	738
Impairment of mineral property interest	0	0	(1,898)
Mineral property option income	12	12	12
Interest and finance charges	(9)	(12)	(38)
Net loss before income tax	(1,758)	(1,380)	(3,082)
Income tax recovery	148	258	32
Deferred income tax expense	(983)	0	0
Net loss for the year	(2,593)	(1,122)	(3,050)
Other comprehensive income (loss): Item that will or may be reclassified to profit or loss:
Foreign currency translation adjustment	1,560	(2,499)	820
Comprehensive loss for the year	$ (1,033)	$ (3,621)	$ (2,230)
Basic loss per share	$ (0.01)	$ (0.01)	$ (0.02)
Diluted loss per share	$ (0.01)	$ (0.01)	$ (0.02)
Weighted average number of common shares outstanding - Basic	186,021,413	170,349,397	145,864,736
Weighted average number of common shares outstanding - Diluted	186,021,413	170,349,397	145,864,736

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash provided from (used by): Operations:
Net loss	$ (2,593)	$ (1,122)	$ (3,050)
Items not involving cash:
Accrued interest	9	12	38
Amortization	76	81	89
Share-based payments	551	316	391
Change in fair value of marketable securities	97	143	364
Income tax recovery	(148)	(258)	(34)
Deferred tax expense	983	0	0
Gain on long term investment	0	0	(738)
Write-off of mineral property interest	0	0	1,898
Unrealized foreign exchange cash	0	0	(32)
Items not involving cash	(1,025)	(828)	(1,074)
Changes in non-cash working capital items:
Receivables and prepaids	195	662	221
Accounts payable and accrued liabilities	13	(198)	(880)
Net cash used by operating activities	(817)	(364)	(1,733)
Financing:
Issuance of common shares, net of share issuance costs	5,079	3,016	3,303
Lease payments	(62)	(62)	(63)
Cash provided from financing activities	5,017	2,954	3,240
Investing:
Proceeds from disposition of marketable securities	111	1,110	159
Sale of long term investments	0	0	1,600
Expenditures for mineral properties, net of recoveries	(4,276)	(5,670)	(4,542)
Expenditures for leasehold improvements and equipment	0	0	(5)
Cash used by investing activities	(4,165)	(4,560)	(2,788)
Unrealized foreign exchange gain (loss) on cash	109	(165)	267
(Decrease) increase in cash	143	(2,135)	(1,014)
Cash, beginning of year	676	2,811	3,825
Cash and cash equivalents, end of year	820	676	2,811
Non-cash financing and investing activities:
Fair value of marketable securities received from option on mineral property interests		0	1,192
Expiration of stock options	13	6	311
Conversion of RSUs to shares	91	165	0
Mineral property costs included in accounts payable	915	783	498
Income taxes paid	5	36	0
Interest paid	$ 0	$ 0	$ 0

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash	$ 820,000	$ 676,000
Marketable securities	16,000	218,000
Receivables and prepaids	175,000	247,000
Total Current Assets	1,011,000	1,141,000
NON-CURRENT ASSETS
Mineral property interests	37,282,000	31,300,000
Mineral property deposits	1,000	107,000
Equipment	129,000	197,000
Total Non-Current Assets	37,412,000	31,604,000
Total Assets	38,423,000	32,745,000
CURRENT LIABILITIES
Accounts payable and accrued liabilities	1,129,000	928,000
Flow through premium liability	52,000	0
Lease liability, current	62,000	62,000
Total current liabilities	1,243,000	990,000
LONG TERM LIABILITIES
Deferred compensation liability	856,000	422,000
Lease liability, long term	40,000	88,000
Deferred tax liabilities	2,311,000	1,265,000
Total Long Term Liabilities	3,207,000	1,775,000
Total Liabilities	4,450,000	2,765,000
SHAREHOLDERS' EQUITY
Share capital	96,659,000	91,688,000
Reserve for share-based payments	635,000	593,000
Accumulated other comprehensive loss	(4,109,000)	(5,669,000)
Deficit	(59,212,000)	(56,632,000)
Total Shareholders' Equity	33,973,000	29,980,000
Total Liabilities and Shareholders' Equity	$ 38,423,000	$ 32,745,000