SEDAR Interim Financial Statements

[
  {
    "companyName": "NeoTerrex Minerals Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 2095151,
      "salesTaxReceivable": 64545,
      "taxCreditsAndMiningRightsReceivable": 1009786,
      "prepaidExpenses": 21458,
      "totalAssets": 3190940,
      "tradePayablesAndOtherLiabilities": 148534,
      "totalLiabilities": 148534,
      "shareCapital": 8740148,
      "warrants": 384150,
      "contributedSurplus": 827172,
      "deficit": -6909064,
      "totalEquity": 3042406,
      "cashPerShare": 0.0259,
      "workingCapitalPerShare": 0.0376
    },
    "incomeStatement": {
      "explorationAndEvaluationExpendituresNet": 461568,
      "salaries": 119460,
      "shareBasedPayments": 0,
      "professionalAndConsultingFees": 171885,
      "regulatoryAndTransferAgentFees": 43291,
      "conferenceAndPromotion": 176419,
      "insurance": 28108,
      "taxOnFlowThroughShares": 764,
      "otherExpenses": 10613,
      "totalExpenses": 1012108,
      "flowThroughSharesPremium": 0,
      "financeIncome": 71018,
      "totalOtherItems": 71018,
      "netLossAndComprehensiveLoss": -941090,
      "lossPerShareBasicAndDiluted": -0.012,
      "weightedAverageSharesOutstanding": 80851568
    },
    "cashFlowStatement": {
      "netLoss": -941090,
      "adjustmentsFlowThroughSharesPremium": 0,
      "adjustmentsShareBasedPayments": 0,
      "changesInWorkingCapital": -214716,
      "netCashFromOperatingActivities": -1155806,
      "changeInCashAndCashEquivalents": -1155806,
      "cashAndCashEquivalentsBeginning": 3250957,
      "cashAndCashEquivalentsEnd": 2095151
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Mount Discovery property",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Subject to 2.5% NSR, right to purchase 1.25% for $1,000,000; 1% NSR held by President/CEO/director, 0.5% by related company"
      },
      {
        "type": "Joint Venture",
        "description": "Valour property Block A",
        "ownershipPercentage": 50,
        "value": null,
        "notes": "Option to earn 50% interest by paying $5,000 and incurring $300,000 work expenditures by Dec 31, 2025; earned as of Dec 31, 2024"
      },
      {
        "type": "Joint Venture",
        "description": "Valour property Block B",
        "ownershipPercentage": 85,
        "value": null,
        "notes": "Option to earn interest through work expenditures; earned 50% initial and additional 35% via dilution for 85% total as of Dec 31, 2024"
      },
      {
        "type": "Mineral Property",
        "description": "Galactic claims",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired 22 claims for $26,250 cash, subject to 2% NSR with right to purchase 1% for $1,000,000"
      },
      {
        "type": "Mineral Property",
        "description": "Roman property",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Subject to 2.0% NSR held by President/CEO/director, right to purchase 1% for $500,000"
      },
      {
        "type": "Mineral Property",
        "description": "Other properties (e.g., Strange Lake West, Decelles, Lindsay)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Various mineral claims with 100% ownership, exploration in progress"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 80851568,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 512850,
          "exercisePrice": 0.25,
          "expiryDate": "2025-12-21"
        },
        {
          "number": 339275,
          "exercisePrice": 0.30,
          "expiryDate": "2025-12-21"
        },
        {
          "number": 4319000,
          "exercisePrice": 0.40,
          "expiryDate": "2025-12-21"
        }
      ],
      "options": [
        {
          "number": 4000000,
          "exercisePrice": 0.25,
          "expiryDate": "2029-01-29"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "salaries": 119460,
          "professionalFees": 88952,
          "shareBasedCompensation": 0,
          "totalCompensation": 208412
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Vice-President & Corporate Secretary's wholly owned company",
          "description": "Management consulting services and support staff",
          "amount": 92788,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Law firm of a director",
          "description": "Legal services",
          "amount": 27914,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": []
  }
]