Monitor the progress of the C$4M private placement and the strategic review outcome. The termination of the hostile bid removes a near-term catalyst, and the lack of progress with Lake Babine Nation suggests the Morrison project remains stalled. Watch for any news on a new Environmental Assessment application or a partnership/joint venture announcement.
Price Chart
Executive Summary
Pacific Booker Minerals filed its Q1 2027 interim financial statements, reporting a net loss of $349,420 (C$0.02/share) for the three months ended April 30, 2026, compared to a loss of $78,438 in the prior-year period. The working capital deficit deepened to C$1,458,011 from C$1,137,611 at year-end, and the accumulated deficit reached C$78.3 million. The hostile takeover bid by American Eagle Gold Corp was terminated on June 5, 2026, and the company announced a new C$4M private placement to fund a strategic review and preliminary economic assessment of the Morrison project. The filing highlights ongoing liquidity concerns, a deepening deficit, and continued regulatory impasse with the Lake Babine Nation, with no near-term catalyst to advance the project.
Key Facts
- Net loss of C$349,420 for Q1 2027 vs. C$78,438 in Q1 2026, driven by C$111,609 in higher professional fees (legal costs for takeover defense) and C$100,000 in consulting fees (strategic advisor retainer).
- Working capital deficit widened to C$1,458,011 from C$1,137,611 at January 31, 2026; total shareholders' equity negative C$696,944.
- Cash balance increased to C$160,173 from C$49,386 at year-end, primarily due to C$243,727 increase in related-party payables.
- Hostile takeover bid by American Eagle Gold Corp terminated June 5, 2026; company announced a new C$4,000,002 private placement on June 10, 2026 to fund strategic review and preliminary economic assessment.
- Subsequent to quarter end, 358,000 shares were issued for gross proceeds of C$465,400 from option exercises; 250,000 options granted at C$2.80 for 3 years.
- No progress reported on resolving the regulatory impasse with Lake Babine Nation; the Environmental Assessment Certificate remains denied.
- Exploration spending on Morrison property was C$31,868 for the quarter, primarily staking and recording costs.
Financial Impact
Net loss of C$349,420 for the quarter; working capital deficit of C$1.46M; accumulated deficit of C$78.3M.
Risk Factors
- Inability to complete the C$4M private placement, leading to liquidity crisis.
- Continued regulatory impasse with Lake Babine Nation prevents any path to project development.
- Deepening working capital deficit and negative equity raise going-concern risk.
- No operating revenue and reliance on equity financing for survival.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001217160-26-000069 |
| Document: 0001217160-26-000069-index-headers.html | 0001217160-26-000069 |
| Document: 0001217160-26-000069-index.html | 0001217160-26-000069 |
| Document: 0001217160-26-000069.txt | 0001217160-26-000069 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 6-K | $2.97 | awaiting T+60 | — | $2.93 (+1.41%) |
Oct 6, 2026 20d ago | 6-K | $1.98 | awaiting T+60 | — | $2.93 (−47.98%) |
Aug 28, 2026 8w ago | 6-K | $1.88 | awaiting T+60 | — | $2.93 (+55.52%) |
Aug 28, 2026 8w ago | 6-K | $1.88 | awaiting T+60 | — | $2.93 (−55.52%) |
Jul 24, 2026 13w ago | 6-K | $1.73 $2.53 | ▲ +46.24% | ▲ +42.70% | $2.93 (+69.36%) |
Jun 16, 2026 18w ago | 20-F | $1.59 $1.98 | ▼ −24.62% | ▼ −23.36% | $2.93 (−84.05%) |
Jun 3, 2026 20w ago | 6-K | $1.67 $1.97 | ▲ +17.84% | ▲ +15.35% | $2.93 (+75.45%) |
May 26, 2026 21w ago | 6-K | $1.66 $2.30 | ▲ +38.25% | ▲ +35.53% | $2.93 (+76.51%) |
May 21, 2026 22w ago | 6-K | $1.66 $2.17 | ▲ +30.72% | ▲ +27.53% | $2.93 (+76.51%) |
May 1, 2026 25w ago | 6-K | $2.04 $1.79 | ▼ −12.25% | ▼ −14.11% | $2.93 (+43.63%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers