None
SEDAR Interim Financial Statements
QURI · Price
[
{
"companyName": "Quri-Mayu Developments Ltd.",
"reportingPeriodEnd": "2025-07-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": {
"2025-07-31": 307648,
"2024-10-31": 10460
},
"gstReceivable": {
"2025-07-31": 1649,
"2024-10-31": 4779
},
"prepaidExpensesAndDeposit": {
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"2024-10-31": 13000
},
"totalCurrentAssets": {
"2025-07-31": 322096,
"2024-10-31": 28239
},
"explorationAndEvaluationAsset": {
"2025-07-31": 997646,
"2024-10-31": 997646
},
"totalAssets": {
"2025-07-31": 1319742,
"2024-10-31": 1025885
},
"accountsPayableAndAccruedLiabilities": {
"2025-07-31": 908697,
"2024-10-31": 855684
},
"currentLiabilities": {
"2025-07-31": 908697,
"2024-10-31": 855684
},
"totalLiabilities": {
"2025-07-31": 908697,
"2024-10-31": 855684
},
"shareCapital": {
"2025-07-31": 2830121,
"2024-10-31": 2524443
},
"shareSubscriptionsReceived": {
"2025-07-31": 239361,
"2024-10-31": null
},
"reserves": {
"2025-07-31": 24803,
"2024-10-31": 24643
},
"deficit": {
"2025-07-31": -2683240,
"2024-10-31": -2378885
},
"totalShareholdersEquity": {
"2025-07-31": 411045,
"2024-10-31": 170201
},
"totalLiabilitiesAndShareholdersEquity": {
"2025-07-31": 1319742,
"2024-10-31": 1025885
},
"derivedMetrics": {
"cashPerShare": {
"2025-07-31": 0.0054,
"2024-10-31": 0.0002
},
"workingCapitalPerShare": {
"2025-07-31": -0.0103,
"2024-10-31": -0.0185
}
}
},
"incomeStatement": {
"threeMonths": [
{
"periodEnd": "2025-07-31",
"administration": 9784,
"filingFees": 1445,
"managementAndConsultingFees": 84614,
"professionalFees": 3313,
"totalExpenses": 99156,
"gainFromDebtForgiveness": null,
"netLoss": -99156,
"lossAndComprehensiveLoss": -99156,
"basicAndDilutedLossPerCommonShare": 0.00,
"weightedAverageAndFullyDilutedCommonSharesOutstanding": 60255338
},
{
"periodEnd": "2024-07-31",
"administration": 9496,
"filingFees": 4132,
"managementAndConsultingFees": 86467,
"professionalFees": 3313,
"totalExpenses": 103408,
"gainFromDebtForgiveness": null,
"netLoss": -103408,
"lossAndComprehensiveLoss": -103408,
"basicAndDilutedLossPerCommonShare": 0.00,
"weightedAverageAndFullyDilutedCommonSharesOutstanding": 44730338
}
],
"nineMonths": [
{
"periodEnd": "2025-07-31",
"administration": 29317,
"filingFees": 8623,
"managementAndConsultingFees": 265877,
"professionalFees": 10286,
"totalExpenses": 314103,
"gainFromDebtForgiveness": 9748,
"netLoss": -304355,
"lossAndComprehensiveLoss": -304355,
"basicAndDilutedLossPerCommonShare": 0.01,
"weightedAverageAndFullyDilutedCommonSharesOutstanding": 56672646
},
{
"periodEnd": "2024-07-31",
"administration": 28511,
"filingFees": 9349,
"managementAndConsultingFees": 259136,
"professionalFees": 9286,
"totalExpenses": 306282,
"gainFromDebtForgiveness": null,
"netLoss": -306282,
"lossAndComprehensiveLoss": -306282,
"basicAndDilutedLossPerCommonShare": 0.01,
"weightedAverageAndFullyDilutedCommonSharesOutstanding": 44730338
}
]
},
"cashFlowStatement": {
"nineMonths": [
{
"periodEnd": "2025-07-31",
"netLoss": -304355,
"itemsNotAffectingCash": {
"gainFromDebtForgiveness": 9748,
"changesInNonCashWorkingCapital": {
"gstReceivable": 3130,
"prepaidExpensesAndDeposits": 201,
"accountsPayableAndAccruedLiabilities": 138265
}
},
"netCashFlowsUsedInOperatingActivities": -153011,
"sharesIssuedForCash": 215500,
"shareIssuanceCosts": -4662,
"shareSubscriptionsReceived": 239361,
"netCashFlowsProvidedByFinancingActivities": 450199,
"netChangeInCash": 297188,
"cashBeginning": 10460,
"cashEnding": 307648,
"nonCashTransactions": {
"commonSharesIssuedForDebtSettlement": 95000,
"finderWarrants": 160
}
},
{
"periodEnd": "2024-07-31",
"netLoss": -306282,
"itemsNotAffectingCash": {
"gainFromDebtForgiveness": null,
"changesInNonCashWorkingCapital": {
"gstReceivable": 6148,
"prepaidExpensesAndDeposits": -2832,
"accountsPayableAndAccruedLiabilities": 119986
}
},
"netCashFlowsUsedInOperatingActivities": -182980,
"sharesIssuedForCash": null,
"shareIssuanceCosts": null,
"shareSubscriptionsReceived": null,
"netCashFlowsProvidedByFinancingActivities": null,
"netChangeInCash": -182980,
"cashBeginning": 214792,
"cashEnding": 31812,
"nonCashTransactions": {
"commonSharesIssuedForDebtSettlement": null,
"finderWarrants": null
}
}
]
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Property",
"description": "AT Mining Project (AT Property) situated in British Columbia",
"ownershipPercentage": 100,
"value": 997646,
"notes": "Option agreement to earn 100% interest by paying $260,000 total and issuing 300,000 common shares. Company must pay 2.5% net smelter royalty to optionors upon commercial production."
},
{
"type": "Subsidiary",
"description": "1169783 B.C. Ltd.",
"ownershipPercentage": 100,
"value": null,
"notes": "Controlled subsidiary, incorporated in Canada"
},
{
"type": "Subsidiary",
"description": "1200164 B.C. Ltd. dba Avalon West Acquisitions",
"ownershipPercentage": 100,
"value": null,
"notes": "Controlled subsidiary, incorporated in Canada"
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value",
"issuedShares": 60255338,
"classesOfShares": ["common"],
"warrants": [
{
"number": 390000,
"exercisePrice": 0.10,
"expiryDate": "2025-08-15"
},
{
"number": 15561000,
"exercisePrice": 0.05,
"expiryDate": "2028-01-02"
}
],
"options": [],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonths2025": {
"managementFees": 135000
},
"threeMonths2024": {
"managementFees": 135000
}
},
"namedIndividuals": [
{
"name": "Kevin Smith",
"title": "CEO",
"period": "threeMonths2025",
"components": {
"salary": null,
"bonus": null,
"total": 90000
}
},
{
"name": "Braydon Hobbs",
"title": "CFO",
"period": "threeMonths2025",
"components": {
"salary": null,
"bonus": null,
"total": 45000
}
},
{
"name": "Kevin Smith",
"title": "CEO",
"period": "threeMonths2024",
"components": {
"salary": null,
"bonus": null,
"total": 90000
}
},
{
"name": "Braydon Hobbs",
"title": "CFO",
"period": "threeMonths2024",
"components": {
"salary": null,
"bonus": null,
"total": 45000
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "George Nicholson (Officer of the Company) and Ronald Fisher",
"description": "Issued 300,000 common shares to optionors as part of AT Property option agreement",
"amount": null,
"period": "2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-09-23",
"description": "Closed first tranche of non-brokered private placement, issued 15,586,727 units at $0.05 per unit for gross proceeds of $779,336",
"impactValue": 779336
},
{
"eventDate": "2025-08-15",
"description": "390,000 share purchase warrants with exercise price of $0.10 expired unexercised",
"impactValue": 0
}
]
}
]