Headwater Gold Inc.

Headwater Gold Inc.

HWAUF
Headwater Gold Inc.US flagOther OTC
0.34
USD
+0.00
- -
25.95MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.01
0.02
-0.07
-0.02
- -
-0.06
-0.02
Free Cash Flow per Basic Share
-0.01
-0.01
-0.03
-0.01
0.01
-0.01
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.02
0.08
0.1
0.14
0.12
0.08
0.07
Tangible Book Value per Share
0.02
0.17
0.12
0.15
0.14
0.1
0.09
Basic Weighted Avg Shares
50
50
47
53
62
66
72
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
1
-3
-1
- -
-4
-2
Effective Tax Rate (%)
- -
25.99
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
7
2
4
3
3
2
LT Debt
- -
- -
- -
- -
- -
- -
- -
Total Equity
1
8
6
8
8
7
7
Return on Invested Capital (%)
- -
-9.74
- -
- -
-18.79
- -
- -
Return on Capital (%)
- -
48.21
- -
- -
3.05
- -
- -
Return on Common Equity (%)
- -
48.21
-68.45
-16.94
2.83
-65.62
-34.52

Capital Structure

FRC

in mil. unless spec.
May'26
Aug'26
Nov'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
71
74
74
Market Capitalization
19
29
40

Working Capital

FRC

in mil. unless spec.
May'26
Aug'26
Nov'26
Total Current Assets
6
5
5
Cash, Cash Equivalents & STI
2
3
2
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
4
3
4
Payables & Accruals
- -
- -
2
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
145.68%
-21.93%
Free Cash Flow
- -
-82.36%
-145.8%
Net Income, GAAP
- -
-602.88%
-2,083.78%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.01
0.01
0.01
- -
- -
2025
- -
-0.06
- -
- -
-0.06
2026
- -
-0.01
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Caleb Norman Stroup
Sector
Basic Materials
Industry
Gold
Address
1130 West Pender Street Vancouver BC Canada V6E 4A4
IPO Date
Jul 15, 2021
Business
Headwater Gold Inc. is a mineral exploration company focused on the discovery and development of high-grade precious metal deposits, primarily gold, in the Western United States. The company specializes in epithermal vein exploration and operates a substantial portfolio of projects in the Great Basin region, with significant activity in Nevada and Idaho. Its core assets include the Crane Creek project in Idaho and multiple projects in Nevada such as TJ, Jake Creek, Hot Creek, Spring Peak, Lodestar, and Whiskey. Headwater's exploration efforts focus on identifying high-grade epithermal vein deposits through systematic drilling programs and advanced geological analysis. The company has established strategic earn-in and joint venture agreements with major industry players. Notably, in December 2025, Headwater finalized a US $25 million earn-in agreement with Centerra Gold Inc. to explore the Crane Creek Gold Project in Idaho, where Centerra can acquire up to a 70% stake through staged exploration investments and completion of a preliminary economic assessment. Additionally, in October 2025, Headwater signed a definitive agreement with OceanaGold Corporation to explore three Nevada projects, allowing OceanaGold to earn up to a 75% interest through exploration expenditures up to US $65 million and pre-feasibility studies, with Headwater acting as the initial operator and receiving management fees. The company also maintains strategic equity investments from Newmont Corporation and Centerra Gold, which strengthen its exploration capabilities. Recent expansions include acquiring two additional 100% owned epithermal vein projects in northern Nevada and ongoing drill programs across various properties. Founded in 2011 and headquartered in Vancouver, British Columbia, Headwater Gold Inc. targets mining-friendly jurisdictions in the Western US with a focus on high-potential, underexplored epithermal systems. Its business segments include mineral exploration and resource development within the precious metals sector, targeting primarily gold with some silver byproducts. The company leverages partnerships, joint ventures, and private placement funding rounds to support its exploration activities and accelerate project development. Headwater's technical team comprises professionals experienced in capital markets and major mining enterprises, enhancing its capacity for systematic exploration and project advancement. Overall, Headwater Gold Inc. offers exploration projects characterized by high-grade epithermal vein potential in key US mining districts, supported by strategic partnerships with top-tier mining companies and ongoing capital investments to advance drill programs and economic assessments. This positions the company as an emerging player in the competitive precious metals exploration landscape in North America.

Company News

APIChat
  • Headwater Gold and OceanaGold Commence Drilling at Jake Creek Project, Nevada

  • Headwater Gold Mobilizes District-Scale Geophysical Surveys to Define Extension of TJ Epithermal System, Nevada

  • Headwater Gold Plans Drill Program with OceanaGold at Jake Creek Project, Nevada

  • Headwater Gold Identifies Meridian Zone and Plans Follow-Up Geophysics at Lodestar Project, Nevada

  • Headwater Gold Stakes New District-Scale Epithermal Gold Project in Nevada

  • Headwater Gold Hits Highest Gold Grades to Date at TJ Project, Nevada and Expands Land Position 88%

  • Headwater Gold Completes Oversubscribed Private Placement for Gross Proceeds of $5.75 Million

  • Headwater Gold Announces Private Placement of Common Shares for Gross Proceeds of up to $5 Million

  • Headwater Gold Announces Completion of Drilling Campaigns at the Lodestar and TJ Projects, Nevada

  • Headwater Gold Mobilizes Geophysical Surveys at Jake Creek Project, Nevada and Provides Update on Exploration Activities

  • Headwater Gold Upgrades Trading to OTCQX Best Market

  • Headwater Gold Grants Stock Options

  • Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho

  • Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho

  • Headwater Gold Geophysical Survey Delineates Prospective Fault Corridor on the Spring Peak and Lodestar Projects, Nevada

  • Headwater Gold Geophysical Survey Delineates Prospective Fault Corridor on the Spring Peak and Lodestar Projects, Nevada

  • Headwater Gold to Attend the 51st Annual New Orleans Investment Conference

  • Headwater Gold Commences Drilling at TJ Project, Nevada

  • US Federal Government Selects Headwater Gold's Spring Peak Project for FAST-41 Permitting Track

  • US Federal Government Selects Headwater Gold's Spring Peak Project for FAST-41 Permitting Track