Research analysts covering Linear Minerals.
Recent press releases and 8-K filings for LINMF.
Linear Minerals Corp. Reports Q2 2026 Financials, Announces Spin-Off Progress, and Exploration Updates
LINMF
Earnings
New Projects/Investments
M&A
- Linear Minerals Corp. reported a net loss of ($845,065) for the six months ended September 30, 2025, and had a negative working capital of ($38,042) as of September 30, 2025. The company issued a going concern warning, stating that current funds are not sufficient to finance operations for the next twelve months.
- The company is proceeding with a plan of arrangement to spin out its Pontax West Lithium Property to Westlinear Minerals Corp. Shareholders and court approvals were obtained in October 2025, with a share distribution record date set for November 25, 2025, pending Canadian Securities Exchange acceptance.
- Exploration activities at the Augustus Lithium Property in FY2025 yielded drill results including 1.02% Li2O over 9.95 meters and 1.01% Li2O over 18.1 meters. The Lac Marion Uranium Property also saw exploration in FY2026, with uranium assays reaching 0.463% triuranium octoxide.
- As of September 30, 2025, the company had 63,835,286 common shares issued and outstanding, which increased to 68,335,286 by November 27, 2025, due to share issuances related to property agreements and RSU exercises.
Dec 1, 2025, 9:19 PM
Linear Minerals Corp. Reports Q1 2026 Results, Announces Spin-Out, and Addresses Going Concern
LINMF
Earnings
New Projects/Investments
Profit Warning
- For the three months ended June 30, 2025, Linear Minerals Corp. reported a net loss of $536,273 and a loss per common share of $0.01. Cash decreased to $483,349 by June 30, 2025, from $951,807 at March 31, 2025, and working capital was $38,042. The company's current assets are not sufficient to finance operations for the next twelve months, raising significant doubt about its ability to continue as a going concern.
- On August 1, 2025, the company signed an agreement to spin out its Pontax West lithium property to its subsidiary Westlinear Minerals Corp. (Spinco), with shareholders to receive one Spinco share for every 10 company shares.
- The company incurred $516,139 in exploration and evaluation expenditures for the three months ended June 30, 2025, primarily for the Augustus Lithium Property drill program, which included results from six drill holes during FY2025.
Aug 29, 2025, 1:00 PM
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