SEDAR Interim Financial Statements

[
  {
    "companyName": "Sanu Gold Corp.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 15080057,
      "receivables": 230193,
      "prepaidExpenses": 45933,
      "investments": 9242463,
      "totalCurrentAssets": 24598646,
      "explorationAndEvaluationAssets": 2479021,
      "propertyAndEquipment": 753148,
      "totalAssets": 27830815,
      "accountsPayableAndAccruedLiabilities": 327872,
      "totalCurrentLiabilities": 327872,
      "totalLiabilities": 327872,
      "shareCapital": 42564874,
      "reserves": 2476218,
      "accumulatedDeficit": -17597426,
      "shareholdersEquity": 27443666,
      "nonControllingInterests": 59277,
      "totalEquity": 27502943,
      "totalLiabilitiesAndEquity": 27830815,
      "cashPerShare": 0.0350,
      "workingCapitalPerShare": 0.0563
    },
    "incomeStatement": {
      "consultingFees": -203677,
      "professionalFees": -60991,
      "officeExpenses": -47820,
      "investorRelations": -28095,
      "marketing": -35419,
      "transferAgentAndFilingFees": -64069,
      "explorationExpenses": -2539801,
      "stockBasedCompensation": -645539,
      "operatingExpenses": -3625411,
      "unrealizedGainOnInvestment": 1634193,
      "foreignExchangeGainLoss": 9642,
      "interestIncomeExpense": 71950,
      "netLossAndComprehensiveLoss": -1909626,
      "basicAndDilutedLossPerShare": -0.00,
      "weightedAverageSharesOutstanding": 431093996
    },
    "cashFlowStatement": {
      "netLoss": -1909626,
      "stockBasedCompensation": 645539,
      "unrealizedGainOnInvestment": -1634193,
      "interestIncome": -70274,
      "changesInReceivables": -57471,
      "changesInPrepaidExpenses": 3522,
      "depreciation": 8996,
      "changesInAccountsPayableAndAccruedLiabilities": -150371,
      "netCashUsedInOperatingActivities": -3163878,
      "purchaseOfPropertyAndEquipment": -1474,
      "proceedsFromSaleOfShares": 10261235,
      "netCashProvidedByInvestingActivities": 10259761,
      "proceedsFromIssuanceOfCommonShares": 0,
      "shareIssuanceCosts": 0,
      "optionsExercised": 47000,
      "repaymentOfLoan": 0,
      "netCashProvidedByFinancingActivities": 47000,
      "netIncreaseInCash": 7142883,
      "cashBeginningOfPeriod": 7937174,
      "cashEndOfPeriod": 15080057
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Term Deposit",
        "description": "Term deposit",
        "ownershipPercentage": null,
        "value": 3500000,
        "notes": "Held as financial asset at amortized cost"
      },
      {
        "type": "Marketable Securities",
        "description": "Common shares of Montage Gold Corp. (TSX listed)",
        "ownershipPercentage": null,
        "value": 5742463,
        "notes": "Held at fair value through profit or loss (FVTPL). As of Sep 30, 2025, holding 848,222 shares (Note 4)."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Bantabaye Project, Daina Project, Diguifara Project (Guinea, West Africa)",
        "ownershipPercentage": 75,
        "value": 2479021,
        "notes": "Exploration and evaluation assets. Acquired via Technical and Financial Partnership Agreements (TFPAs) allowing up to 85% interest."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 431445898,
      "classesOfShares": ["Common shares without par value"],
      "warrants": [
        {
          "number": 5832457,
          "exercisePrice": 0.40,
          "expiryDate": "2026-02-17"
        }
      ],
      "options": [
        {
          "number": 2200000,
          "exercisePrice": 0.10,
          "expiryDate": "2026-11-08"
        },
        {
          "number": 1170000,
          "exercisePrice": 0.37,
          "expiryDate": "2027-08-16"
        },
        {
          "number": 200000,
          "exercisePrice": 0.40,
          "expiryDate": "2028-02-21"
        },
        {
          "number": 5025000,
          "exercisePrice": 0.12,
          "expiryDate": "2029-02-23"
        },
        {
          "number": 13450000,
          "exercisePrice": 0.16,
          "expiryDate": "2029-12-31"
        },
        {
          "number": 11650000,
          "exercisePrice": 0.25,
          "expiryDate": "2030-07-11"
        },
        {
          "number": 3450000,
          "exercisePrice": 0.325,
          "expiryDate": "2030-09-30"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "directorAndManagementConsultingFees": 197574,
          "stockBasedCompensation": 294682,
          "total": 492256
        },
        "2024-09-30": {
          "directorAndManagementConsultingFees": 261975,
          "stockBasedCompensation": 38622,
          "total": 300596
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company with a common director and directors of the company",
          "description": "Accounts payable and accrued liabilities",
          "amount": 127876,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10",
        "description": "Sold remaining 848,222 Montage Gold Corp. shares for net proceeds of $5,714,011.",
        "impactValue": 5714011
      }
    ]
  }
]