Dividends & Buybacks ·
Linear Minerals Corp. reported a net loss of $153,196 for the three months ended June 30, 2026, with cash reserves…
LINMDLinear Minerals Corp
Linear Minerals Corp. reported a net loss of $153,196 for the three months ended June 30, 2026, with cash reserves declining to $179,292 and a working capital deficiency of $810,657. The company announced a proposed disposition of its Augustus Lithium Project to Consolidated Lithium Metals Inc. for approximately $2,750,000 in cash and shares, subject to definitive agreements by October 1, 2026. Subsequent to the quarter end, Linear Minerals completed a reverse stock split on July 13, 2026, consolidating its common shares on a 6.5-for-1 basis, reducing the share count from approximately 84.3 million to roughly 12.97 million. The company faces material uncertainty regarding its ability to continue as a going concern and requires additional financing. Linear Minerals Corp. operates in the mineral exploration industry, focusing on lithium, uranium, and rare earth properties in Canada and the United States.