SEDAR Interim Financial Statements

[
  {
    "companyName": "Manning Ventures Inc.",
    "reportingPeriodEnd": "2025-08-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 56577,
      "amountsReceivable": 2204,
      "prepaidExpenses": 1041,
      "totalCurrentAssets": 59822,
      "explorationAndEvaluationAssets": 157545,
      "totalAssets": 217367,
      "accountsPayableAndAccruedLiabilities": 702515,
      "flowThroughSharePremiumLiability": 79288,
      "loanPayable": 100000,
      "totalLiabilities": 881803,
      "shareCapital": 11341569,
      "reserves": 2251863,
      "deficit": -14257868,
      "totalEquity": -664436,
      "totalLiabilitiesAndEquity": 217367
    },
    "incomeStatement": {
      "consulting": 5100,
      "evaluationAndExplorationExpenses": 690790,
      "filing": 11032,
      "insurance": 22347,
      "investorRelations": 1458,
      "managementAndDirectorsFee": 29500,
      "marketing": 4623,
      "officeAndAdministration": 99457,
      "professionalFees": 27639,
      "stockBasedCompensation": 0,
      "transferAgent": 12087,
      "totalExpenses": -904033,
      "foreignExchange": -1086,
      "interestExpense": -22086,
      "gainOnDebtSettlement": 36807,
      "lossAndComprehensiveLoss": -890398,
      "basicAndDilutedLossPerShare": -0.03,
      "weightedAverageNumberOfSharesOutstanding": 34009963
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -890398,
      "changesInAmountsReceivable": 129,
      "changesInPrepaidExpenses": 487160,
      "changesInAccountsPayableAndAccruedLiabilities": 3338,
      "netCashUsedInOperatingActivities": -399771,
      "explorationAndEvaluationAcquisitionCash": -38361,
      "explorationAndEvaluationExpenditures": -38035,
      "netCashUsedInInvestingActivities": -76396,
      "proceedsFromShortTermLoansNetOfFinancingFee": 200000,
      "financingFee": -5000,
      "repaymentOfShortTermLoans": -100000,
      "netCashProvidedByFinancingActivities": 95000,
      "changeInCash": -304771,
      "cashBeginningOfPeriod": 361348,
      "cashEndOfPeriod": 56577
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Bounty Lithium Property (100% interest, subject to 2% NSR royalty)",
        "ownershipPercentage": 100,
        "value": 157545,
        "notes": "Acquired December 15, 2021. Carrying value represents costs incurred to date."
      },
      {
        "type": "Mineral Property",
        "description": "Wholly-owned subsidiary: Wabush Iron Ore Inc. (Hope Lake, Lac Simone projects - terminated and impaired)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Terminated and fully impaired in year ended November 30, 2024. Not carrying value."
      },
      {
        "type": "Mineral Property",
        "description": "Wholly-owned subsidiary: Red Bay Exploration Inc. (Red Indian, Little Sheep, Butterfly Pond, Mount Hogan projects - terminated and impaired)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Terminated and fully impaired in years ended November 30, 2023 and 2024. Not carrying value."
      },
      {
        "type": "Marketable Securities",
        "description": "Cash",
        "ownershipPercentage": null,
        "value": 56577,
        "notes": "Held with a major Canadian financial institution."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 34009963,
      "classesOfShares": ["Common shares without par value"],
      "warrants": [
        {
          "number": 208000,
          "exercisePrice": 0.30,
          "expiryDate": "2025-12-23"
        }
      ],
      "options": [
        {
          "number": 125000,
          "exercisePrice": 0.80,
          "expiryDate": "2026-01-20"
        },
        {
          "number": 75000,
          "exercisePrice": 0.40,
          "expiryDate": "2028-02-08"
        }
      ],
      "rightsOrConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [
        {
          "period": "nine months ended August 31, 2025",
          "consultingFee": 0,
          "managementFee": 29500,
          "payroll": 5000,
          "total": 34500
        },
        {
          "period": "nine months ended August 31, 2024",
          "consultingFee": 69231,
          "managementFee": 90000,
          "payroll": 95760,
          "total": 254991
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Key management personnel (directors and officers)",
          "description": "Amounts due in accounts payable and accrued liabilities",
          "amount": 21000,
          "period": "As at August 31, 2025"
        },
        {
          "counterparty": "Key management personnel (directors and officers)",
          "description": "Short-term loan payable (non-interest bearing, on demand)",
          "amount": 100000,
          "period": "As at August 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-09-17",
        "description": "Executed debt settlement agreements to settle $578,500 in debt by issuing 23,140,000 common shares.",
        "impactValue": 578500
      }
    ],
    "derivedMetrics": {
      "cashPerShare": 0.0017,
      "workingCapitalPerShare": -0.0198
    }
  }
]