SEDAR Interim Financial Statements
[ { "companyName": "Aftermath Silver Ltd.", "reportingPeriodEnd": "2026-02-28", "reportStatus": "Unaudited", "auditorName": null, "auditorKeyMatters": [], "balanceSheet": { "cash": 12111555, "receivables": 182034, "investments": 13069501, "prepaidExpensesAndAdvances": 416300, "totalCurrentAssets": 25779390, "restrictedCash": 12802, "mineralProperties": 26895609, "deferredAcquisitionCosts": 0, "equipment": 43580, "totalAssets": 52731381, "accountsPayableAndAccruedLiabilities": 856699, "dueToRelatedParties": 165254, "totalCurrentLiabilities": 1021953, "acquisitionCostsPayable": 0, "totalLiabilities": 1021953, "shareCapital": 114778749, "reserves": 3904526, "deficit": -66973847, "totalShareholdersEquity": 51709428, "totalLiabilitiesAndShareholdersEquity": 52731381, "cashPerShare": 0.0382, "workingCapitalPerShare": 0.0782 }, "incomeStatement": { "threeMonthsEnded2026-02-28": { "accountingAndLegal": 108996, "accretionExpense": 133, "conferenceAndExhibition": 25298, "consultingFees": 715555, "corporateSecretarial": 11250, "depreciation": 3604, "directorsFees": 32500, "foreignExchangeLoss": -13922, "geologicalExploration": 1677746, "insurance": 4550, "investorRelations": 220604, "listingAndFilingFees": 65274, "officeAndSundry": 79993, "preAcquisitionExploration": 1021440, "shareBasedPayments": 262369, "travelAndMeals": 160963, "wagesAndSalaries": 158221, "totalExpenses": -4534574, "lossOnModificationOfAcquisitionCostPayable": 0, "interestIncome": 128042, "lossAndComprehensiveLoss": -4406532, "lossPerShareBasicDiluted": -0.01, "weightedAverageSharesOutstandingBasicDiluted": 319998355 }, "threeMonthsEnded2025-02-28": { "accountingAndLegal": 55511, "accretionExpense": 153570, "conferenceAndExhibition": 53922, "consultingFees": 201225, "corporateSecretarial": 9750, "depreciation": 3865, "directorsFees": 26500, "foreignExchangeLoss": 317579, "geologicalExploration": 91540, "insurance": 5017, "investorRelations": 67966, "listingAndFilingFees": 10431, "officeAndSundry": 16508, "preAcquisitionExploration": 2437229, "shareBasedPayments": 461668, "travelAndMeals": 31364, "wagesAndSalaries": 145863, "totalExpenses": -4089508, "lossOnModificationOfAcquisitionCostPayable": -32997, "interestIncome": 125244, "lossAndComprehensiveLoss": -3997261, "lossPerShareBasicDiluted": -0.01, "weightedAverageSharesOutstandingBasicDiluted": 361326570 }, "nineMonthsEnded2026-02-28": { "accountingAndLegal": 301665, "accretionExpense": 112943, "conferenceAndExhibition": 193730, "consultingFees": 1548795, "corporateSecretarial": 30750, "depreciation": 10180, "directorsFees": 89500, "foreignExchangeLoss": 122646, "geologicalExploration": 1910185, "insurance": 13650, "investorRelations": 557841, "listingAndFilingFees": 126231, "officeAndSundry": 184730, "preAcquisitionExploration": 3793202, "shareBasedPayments": 778896, "travelAndMeals": 538646, "wagesAndSalaries": 301602, "totalExpenses": -10615192, "lossOnModificationOfAcquisitionCostPayable": -334696, "interestIncome": 296749, "lossAndComprehensiveLoss": -10653139, "lossPerShareBasicDiluted": -0.03, "weightedAverageSharesOutstandingBasicDiluted": 316708169 }, "nineMonthsEnded2025-02-28": { "accountingAndLegal": 150310, "accretionExpense": 586604, "conferenceAndExhibition": 140093, "consultingFees": 355868, "corporateSecretarial": 27250, "depreciation": 10712, "directorsFees": 71500, "foreignExchangeLoss": 547873, "geologicalExploration": 285255, "insurance": 14117, "investorRelations": 381054, "listingAndFilingFees": 46386, "officeAndSundry": 97099, "preAcquisitionExploration": 5352077, "shareBasedPayments": 1074567, "travelAndMeals": 169372, "wagesAndSalaries": 284734, "totalExpenses": -9594871, "lossOnModificationOfAcquisitionCostPayable": -32997, "interestIncome": 195366, "lossAndComprehensiveLoss": -9432502, "lossPerShareBasicDiluted": -0.04, "weightedAverageSharesOutstandingBasicDiluted": 258444555 } }, "cashFlowStatement": { "nineMonthsEnded2026-02-28": { "cashUsedInOperatingActivities": -9963688, "cashUsedInInvestingActivities": -11760380, "cashProvidedByFinancingActivities": 25216878, "changeInCash": 3492810, "cashBeginning": 8618745, "cashEnd": 12111555 }, "nineMonthsEnded2025-02-28": { "cashUsedInOperatingActivities": -7573219, "cashUsedInInvestingActivities": -9397117, "cashProvidedByFinancingActivities": 20592162, "changeInCash": 3621826, "cashBeginning": 4331365, "cashEnd": 7953191 } }, "investmentsAndOtherAssets": [ { "type": "Marketable Securities", "description": "Guaranteed interest certificates with major Canadian institutions", "ownershipPercentage": null, "value": 13069501, "notes": "Includes accrued interest" } ], "shareStructure": { "authorizedShares": "Unlimited voting common shares without par value", "issuedShares": 338864488, "classesOfShares": ["Common shares"], "warrants": [ { "number": 1246390, "exercisePrice": 0.32, "expiryDate": "2026-04-02" }, { "number": 1544235, "exercisePrice": 0.32, "expiryDate": "2026-04-11" }, { "number": 7142857, "exercisePrice": 0.45, "expiryDate": "2026-09-25" }, { "number": 11111111, "exercisePrice": 0.70, "expiryDate": "2027-11-28" } ], "options": [ { "number": 500000, "exercisePrice": 0.65, "expiryDate": "2026-06-16" }, { "number": 400000, "exercisePrice": 0.65, "expiryDate": "2026-10-27" }, { "number": 2450000, "exercisePrice": 0.35, "expiryDate": "2027-12-05" }, { "number": 750000, "exercisePrice": 0.30, "expiryDate": "2028-03-16" }, { "number": 4325000, "exercisePrice": 0.35, "expiryDate": "2029-09-03" }, { "number": 25000, "exercisePrice": 0.485, "expiryDate": "2030-01-11" }, { "number": 600000, "exercisePrice": 0.495, "expiryDate": "2030-01-21" }, { "number": 400000, "exercisePrice": 0.60, "expiryDate": "2030-03-18" }, { "number": 300000, "exercisePrice": 0.68, "expiryDate": "2030-06-26" }, { "number": 7600000, "exercisePrice": 1.10, "expiryDate": "2031-02-24" } ], "rightsConvertibleInstruments": null }, "managementCompensation": { "currency": "CAD", "periods": { "nineMonthsEnded2026-02-28": { "accountingAndLegal": 78275, "consulting": 550884, "geologicalConsultingFees": 332748, "corporateSecretarial": 30750, "directorsFees": 89500, "shareBasedPayments": 470121, "wagesAndSalaries": 283000 }, "nineMonthsEnded2025-02-28": { "accountingAndLegal": 67500, "consulting": 213000, "geologicalConsultingFees": 230968, "corporateSecretarial": 27250, "directorsFees": 71500, "shareBasedPayments": 733953, "wagesAndSalaries": 259000 } }, "namedIndividuals": [ { "name": "Key management personnel (Executive Chairman, President & CEO, CFO, COO, Corporate Secretary)", "title": "Group", "period": "nineMonthsEnded2026-02-28", "components": { "salary": 283000, "bonus": null, "total": 1835278 } }, { "name": "Key management personnel (Executive Chairman, President & CEO, CFO, COO, Corporate Secretary)", "title": "Group", "period": "nineMonthsEnded2025-02-28", "components": { "salary": 259000, "bonus": null, "total": 1603171 } } ], "otherRelatedPartyTransactions": [ { "counterparty": "Companies with common directors and officers", "description": "Rent, office, and administration", "amount": 70076, "period": "nineMonthsEnded2026-02-28" }, { "counterparty": "Companies with common directors and officers", "description": "Rent, office, and administration", "amount": 64476, "period": "nineMonthsEnded2025-02-28" } ] }, "subsequentEvents": [ { "eventDate": "2026-03-01 to 2026-04-24", "description": "Warrants exercised subsequent to period end: 1,222,390 warrants exercised for proceeds of $391,165; 24,000 expired unexercised. All 1,544,235 warrants (exercise price $0.32, expiring April 11, 2026) were exercised for proceeds of $494,155.", "impactValue": 885320 } ] } ]