SEDAR Interim Financial Statements

[
  {
    "companyName": "NEVADA LITHIUM RESOURCES INC.",
    "reportingPeriodEnd": "2025-10-31",
    "reportStatus": "Unaudited",
    "auditorName": "MNP LLP",
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 987498,
      "salesTaxReceivable": 19381,
      "prepaidExpenses": 25549,
      "totalCurrentAssets": 1032428,
      "reclamationBond": 355588,
      "explorationAndEvaluationAssets": 41934643,
      "totalAssets": 43322659,
      "accountsPayableAndAccruedLiabilities": 192733,
      "restorationLiability": 24245,
      "totalCurrentLiabilities": 216978,
      "totalLiabilities": 216978,
      "shareCapital": 45372779,
      "reserves": 6662967,
      "accumulatedOtherComprehensiveIncome": 131345,
      "deficit": -9061410,
      "totalShareholdersEquity": 43105681,
      "totalLiabilitiesAndShareholdersEquity": 43322659,
      "cashPerShare": 0.0038,
      "workingCapitalPerShare": 0.0031
    },
    "incomeStatement": {
      "filingFees": 36010,
      "generalAndAdministrative": 22786,
      "conferencesAndEvents": 40686,
      "investorRelations": 72252,
      "managementAndConsultingFees": 478861,
      "professionalFees": 37582,
      "shareBasedCompensation": 147498,
      "totalOperatingExpenses": 835675,
      "interestIncome": -24445,
      "foreignExchangeGainLoss": -80,
      "netLossForThePeriod": 811150,
      "foreignExchangeTranslationAdjustment": -123816,
      "netLossAndComprehensiveLossForThePeriod": 687334,
      "basicLossPerShare": -0.00,
      "dilutedLossPerShare": -0.00,
      "weightedAverageSharesOutstanding": 260536715
    },
    "cashFlowStatement": {
      "operatingActivitiesNetLoss": -811150,
      "operatingActivitiesShareBasedCompensation": 147498,
      "operatingActivitiesForeignExchange": 80,
      "operatingActivitiesSalesTaxReceivable": 161563,
      "operatingActivitiesPrepaidExpenses": 9746,
      "operatingActivitiesReclamationBond": -5226,
      "operatingActivitiesAccountsPayableAndAccruedLiabilities": -349707,
      "cashUsedInOperatingActivities": -847196,
      "investingActivitiesExplorationAndEvaluationAssets": -694556,
      "cashUsedInInvestingActivities": -694556,
      "financingActivitiesProceedsFromWarrantsExercised": 84000,
      "financingActivitiesProceedsFromIssuanceOfUnits": null,
      "financingActivitiesCashShareIssuanceCosts": null,
      "cashProvidedByFinancingActivities": 84000,
      "effectsOfExchangeRateChangesOnCash": 123816,
      "netChangeInCash": -1333936,
      "cashBeginningOfPeriod": 2321434,
      "cashEndOfPeriod": 987498
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Bonnie Claire Project (100% ownership via subsidiaries)",
        "ownershipPercentage": 100,
        "value": 41934643,
        "notes": "Exploration and evaluation asset. Subject to a 2.0% net smelter return upon commencement of commercial production."
      },
      {
        "type": "Restricted Cash Asset",
        "description": "Reclamation bond held by the U.S. Department of the Interior, Bureau of Land Management",
        "ownershipPercentage": null,
        "value": 355588,
        "notes": "US $253,665; treated as a restricted cash asset."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 260748541,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 6128945,
          "exercisePrice": 0.250,
          "expiryDate": "2026-11-30"
        },
        {
          "number": 19488992,
          "exercisePrice": 0.200,
          "expiryDate": "2027-07-07"
        },
        {
          "number": 41333333,
          "exercisePrice": 0.250,
          "expiryDate": "2026-07-07"
        },
        {
          "number": 3234666,
          "exercisePrice": 0.150,
          "expiryDate": "2026-07-07"
        },
        {
          "number": 48000007,
          "exercisePrice": 0.175,
          "expiryDate": "2027-08-15"
        },
        {
          "number": 3840001,
          "exercisePrice": 0.125,
          "expiryDate": "2027-08-15"
        }
      ],
      "options": [
        {
          "number": 7800000,
          "exercisePrice": 0.200,
          "expiryDate": "2026-09-29"
        },
        {
          "number": 6850000,
          "exercisePrice": 0.200,
          "expiryDate": "2028-11-06"
        }
      ],
      "rightsConvertibleInstruments": "2,000,000 Restricted Share Units (RSUs) issued, vesting September 2, 2026."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedOctober312025": {
          "managementAndConsultingFees": 369354,
          "shareBasedCompensation": 45734,
          "total": 415088
        },
        "sixMonthsEndedOctober312024": {
          "managementAndConsultingFees": 378283,
          "shareBasedCompensation": 136026,
          "total": 267077
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Key management personnel (Board, CEO, COO, CFO) and close family members",
          "description": "Accounts payable and accrued liabilities due",
          "amount": 18000,
          "period": "As at October 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]