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Spartan Metals Corp.

Spartan Metals Corp.

W.V
Spartan Metals Corp.CA flagToronto Stock Exchange Ventures
0.47
CAD
+0.01
- -
27.80MMarket Cap
Spartan Metals Corp.
W.V
(Toronto Stock Exchange Ventures)

Recent

price

0.47

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
-0.12
-0.13
-0.17
-0.03
-0.01
0.01
-0.01
-0.01
-0.01
-0.01
-0.01
-0.01
- -
- -
- -
-0.03
-0.07
Basic EPS, GAAP
-0.06
-0.13
-0.09
-0.02
- -
-0.01
- -
-0.01
-0.01
- -
- -
-0.01
- -
- -
- -
-0.06
-0.1
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-0.02
0.12
-0.04
-0.07
-0.06
- -
-0.01
- -
- -
-0.01
-0.01
0.01
0.01
- -
- -
0.1
0.15
Book Value per Share
-0.02
0.12
-0.04
-0.07
-0.06
- -
-0.01
- -
- -
-0.01
-0.01
0.01
0.01
- -
- -
0.1
0.15
Tangible Book Value per Share
3
4
5
5
5
7
8
9
12
12
12
13
16
16
16
26
44
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
-1
-1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
-3
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
5
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
4
8
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-32.59
-59.11
-112.78
-43.84
-74.75
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
43
54
Market Capitalization
17
26
30

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1
1
5
Cash, Cash Equivalents & STI
1
- -
4
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1,788.06%
3,765.68%
19,183.16%
Free Cash Flow
320.58%
618.12%
3,045.63%
Net Income, GAAP
114.02%
298.91%
1,543.02%
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
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
-0.03
2026
-0.04
-0.01
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Spartan Metals Corp. is a Canada-based critical-minerals exploration and development company focused on advancing strategic defense-metal projects in the Western United States. The Company explores for and develops tungsten, molybdenum, rubidium, silver, antimony, bismuth, indium, arsenic, copper, beryllium, fluorspar, rhenium and other precious and base metals; its principal assets comprise the Eagle Tungsten-Silver-Rubidium Project in White Pine County, Nevada, including the past-producing Tungstonia and Rees/Antelope mine areas and associated tungsten-bearing tailings, and an option to earn a 100% interest in the Victorio Tungsten-Molybdenum Project in Luna County, New Mexico. Eagle encompasses porphyry, skarn and carbonate-replacement mineralization prospective for tungsten, rubidium, silver, copper, antimony and related metals, while Victorio is an advanced-stage tungsten-molybdenum project also prospective for beryllium, fluorspar, rhenium and rubidium. The Company targets U.S. domestic critical-mineral supply chains and potential defense, industrial, technology and energy-transition markets. Spartan Metals was incorporated in 1991 under the Business Corporations Act of British Columbia and is headquartered in West Kelowna, British Columbia, Canada. Formerly known as Midasco Capital Corp., it changed its name to Spartan Metals Corp. in July 2025, acquired 100% of Spartan Exploration Nevada Corporation and its Eagle Property from Ridgeline Minerals Corp., and commenced trading on the TSX Venture Exchange under the symbol W in August 2025. Recent developments include the acquisition of the Victorio project in March 2026; completion of a C$5.5 million private placement in April 2026; appointment of SRK Consulting to lead a preliminary economic assessment for Victorio in May 2026; expansion of exploration activities at Eagle, including geophysical work, mineralization delineation and the commencement of a maiden drilling program in August 2026; and membership in the Defense Industrial Base Consortium in September 2026 to support the advancement of its U.S. tungsten and critical-minerals portfolio.