SEDAR Interim Financial Statements

[
  {
    "companyName": "Radius Gold Inc.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 1219680,
      "equityInvestments": 813992,
      "receivables": 34465,
      "prepaidExpensesAndDeposits": 24737,
      "totalCurrentAssets": 2092874,
      "longTermDeposits": 66907,
      "salesTaxRecoverable": 107404,
      "propertyAndEquipment": 30704,
      "rightOfUseAssets": 79687,
      "mineralPropertyAndRoyaltyInterests": 120189,
      "totalNonCurrentAssets": 404891,
      "totalAssets": 2497765,
      "accountsPayableAndAccruedLiabilities": 460539,
      "currentPortionOfLeaseLiabilities": 15235,
      "totalCurrentLiabilities": 475774,
      "leaseLiabilitiesNonCurrent": 70276,
      "totalLiabilities": 546050,
      "shareCapital": 59509219,
      "otherEquityReserve": 7610298,
      "accumulatedOtherComprehensiveLoss": -3424071,
      "deficit": -61743731,
      "totalShareholdersEquity": 1951715,
      "totalLiabilitiesAndEquity": 2497765,
      "cashPerShare": 0.0113,
      "workingCapitalPerShare": 0.0150
    },
    "incomeStatement": {
      "explorationExpenditures": 580672,
      "amortization": 8757,
      "depreciationOfRightOfUseAsset": 14008,
      "interestExpenseOnLeaseLiability": 6570,
      "legalAndAuditFees": 8461,
      "managementFees": 46750,
      "officeAndMiscellaneous": 87479,
      "salariesAndBenefits": 89134,
      "shareBasedCompensation": 45140,
      "shareholderCommunications": 22935,
      "transferAgentAndRegulatoryFees": 16312,
      "travelAndAccommodation": 12857,
      "generalAndAdministrativeExpenses": 358403,
      "lossFromOperations": -939075,
      "investmentIncome": 1887,
      "foreignCurrencyExchangeGainLoss": -27602,
      "netLoss": -964790,
      "gainsLossesOnSaleOfEquityInvestments": 169286,
      "fairValueGainsLossesOnEquityInvestments": 1138319,
      "totalComprehensiveIncomeLoss": 342815,
      "basicLossPerShare": -0.01,
      "weightedAverageSharesOutstanding": 107628033
    },
    "cashFlowStatement": {
      "netLoss": -964790,
      "amortization": 8757,
      "depreciationOfRightOfUseAsset": 14008,
      "shareBasedCompensation": 45140,
      "changesInReceivables": 16771,
      "changesInPrepaidExpensesAndDeposits": -4185,
      "changesInAccountsPayableAndAccruedLiabilities": 118492,
      "cashUsedInOperatingActivities": -765807,
      "proceedsOnIssuanceOfCommonShares": 164286,
      "repaymentOfLeaseObligation": -10012,
      "cashProvidedByFinancingActivities": 154274,
      "expendituresOnMineralPropertyAcquisitionCosts": -55888,
      "purchaseOfEquipment": -1318,
      "proceedsFromSaleOfEquityInvestments": 1059576,
      "longTermSalesTaxRecoverable": -9366,
      "cashProvidedByInvestingActivities": 993004,
      "increaseInCashAndCashEquivalents": 381471,
      "cashAndCashEquivalentsBeginning": 838209,
      "cashAndCashEquivalentsEnd": 1219680
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Investment",
        "description": "Electrum Discovery Corp.",
        "ownershipPercentage": null,
        "value": 44304,
        "notes": "632,906 common shares held. Publicly listed company."
      },
      {
        "type": "Equity Investment",
        "description": "Rackla Metals Inc.",
        "ownershipPercentage": null,
        "value": 686647,
        "notes": "1,009,775 common shares held. Publicly listed company. Three common directors with the Company."
      },
      {
        "type": "Equity Investment",
        "description": "Volcanic Gold Mines Inc.",
        "ownershipPercentage": null,
        "value": 83041,
        "notes": "830,412 common shares held. Publicly listed company. One common director with the Company."
      },
      {
        "type": "Mineral Property",
        "description": "Tierra Roja Project, Peru",
        "ownershipPercentage": 100,
        "value": 120188,
        "notes": "Option to acquire 100% interest by making cash payments totalling US$5.0 million over five years upon issuance of initial drill permits."
      },
      {
        "type": "Mineral Property",
        "description": "Hidekel Concessions, Peru",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Option to acquire 100% interest in two concessions by making cash payments totalling US$165,000 over three years per concession. Paid $13,851 in option payments as of September 30, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 109054250,
      "classesOfShares": ["common"],
      "warrants": [
        {
          "number": 6650001,
          "exercisePrice": 0.1,
          "expiryDate": "2025-10-28"
        }
      ],
      "options": [
        {
          "number": 1180000,
          "exercisePrice": 0.15,
          "expiryDate": "2026-10-18"
        },
        {
          "number": 1235000,
          "exercisePrice": 0.15,
          "expiryDate": "2028-05-21"
        },
        {
          "number": 75000,
          "exercisePrice": 0.15,
          "expiryDate": "2028-11-04"
        },
        {
          "number": 850000,
          "exercisePrice": 0.25,
          "expiryDate": "2029-10-07"
        },
        {
          "number": 280000,
          "exercisePrice": 0.15,
          "expiryDate": "2030-03-15"
        },
        {
          "number": 50000,
          "exercisePrice": 0.27,
          "expiryDate": "2030-12-08"
        },
        {
          "number": 50000,
          "exercisePrice": 0.34,
          "expiryDate": "2031-02-10"
        },
        {
          "number": 50000,
          "exercisePrice": 0.24,
          "expiryDate": "2031-03-03"
        },
        {
          "number": 300000,
          "exercisePrice": 0.34,
          "expiryDate": "2031-10-25"
        },
        {
          "number": 1875000,
          "exercisePrice": 0.18,
          "expiryDate": "2033-06-06"
        },
        {
          "number": 50000,
          "exercisePrice": 0.23,
          "expiryDate": "2033-09-18"
        },
        {
          "number": 25000,
          "exercisePrice": 0.15,
          "expiryDate": "2034-03-26"
        },
        {
          "number": 500000,
          "exercisePrice": 0.12,
          "expiryDate": "2035-06-05"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "geologicalFees": 98000,
          "managementFees": 46750,
          "salariesBenefitsAndFees": 20908,
          "total": 165658
        }
      },
      "namedIndividuals": [
        {
          "name": "Bruce Smith",
          "title": "Chief Executive Officer",
          "period": "2025-09-30",
          "components": {
            "salary": null,
            "bonus": null,
            "total": null
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Gold Group Management Inc.",
          "description": "Reimbursement for shared administrative costs and business-related expenses.",
          "amount": 164210,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Volcanic Gold Mines Inc.",
          "description": "Joint venture costs and shared exploration costs.",
          "amount": 119529,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Mill Street Services Ltd.",
          "description": "Management and geological fees (controlled by director Simon Ridgway).",
          "amount": 144750,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Exercise of 6,650,001 share purchase warrants for proceeds of $665,000.",
        "impactValue": 665000
      }
    ]
  }
]