None
SEDAR Interim Financial Statements
SHL · Price
[
{
"companyName": "HOMELAND NICKEL INC.",
"reportingPeriodEnd": "2025-10-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 293332,
"accountsReceivable": 57123,
"marketableSecurities": 3001995,
"prepaidExpenses": 121869,
"totalCurrentAssets": 3474319,
"explorationAndEvaluationAssets": 6328298,
"propertyAndEquipmentNet": 72454,
"securityDeposits": 70176,
"totalAssets": 9945247,
"accountsPayableAndAccruedLiabilities": 449725,
"totalCurrentLiabilities": 449725,
"totalLiabilities": 449725,
"shareCapital": 19206957,
"warrants": 296599,
"contributedSurplus": 4139589,
"accumulatedOtherComprehensiveIncome": 163073,
"retainedEarnings": -14310696,
"nonControllingInterest": 0,
"totalShareholdersEquity": 9495522,
"cashPerShare": 0.0013,
"workingCapitalPerShare": 0.0135
},
"incomeStatement": {
"amortization": 8330,
"commissionExpense": 0,
"consultants": 31500,
"explorationExpenses": 580986,
"filingFees": 22954,
"investorAndShareholderRelations": 4071,
"managementFee": 108000,
"officeAndGeneral": 30224,
"professionalFees": 111383,
"shareBasedCompensation": 74444,
"totalOperatingExpenses": 971892,
"foreignExchangeGainLoss": -29,
"marketableSecuritiesFairValueAdjustment": -720505,
"netIncomeLoss": -251358,
"weightedAverageSharesOutstanding": 223746802
},
"cashFlowStatement": {
"netIncomeLoss": -251358,
"amortization": 8330,
"lossOnSaleOfMarketableSecurities": 0,
"lossOnSaleOfPropertyPlantAndEquipment": 0,
"marketableSecuritiesFairValueAdjustment": -720505,
"shareBasedCompensation": 74444,
"unrealizedForeignExchange": -13239,
"totalNonCashItems": -650970,
"changesInAccountsReceivable": 21372,
"changesInPrepaidExpenses": -76931,
"changesInAccountsPayableAndAccruedLiabilities": -71958,
"changesInOperatingActivities": -127517,
"totalCashUsedInOperatingActivities": -1029845,
"netProceedsOnSaleOfMarketableSecurities": 1283869,
"netProceedsOnSaleOfPropertyPlantAndEquipment": 0,
"purchaseOfExplorationAndEvaluationAssets": -243327,
"purchaseOfPropertyAndEquipment": -24721,
"totalCashProvidedByInvestingActivities": 1015821,
"changeInCash": -14024,
"cashAtBeginningOfPeriod": 307356,
"cashAtEndOfPeriod": 293332
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Benton Resources Inc.",
"ownershipPercentage": null,
"value": 858525,
"notes": "11,447,000 shares, cost $536,490"
},
{
"type": "Marketable Securities",
"description": "Canada Nickel Company",
"ownershipPercentage": null,
"value": 1079443,
"notes": "907,095 shares, cost $727,427"
},
{
"type": "Marketable Securities",
"description": "Noble Mineral Exploration",
"ownershipPercentage": null,
"value": 547800,
"notes": "9,960,000 shares, cost $391,322"
},
{
"type": "Marketable Securities",
"description": "Magna Terra Minerals Inc.",
"ownershipPercentage": null,
"value": 414197,
"notes": "261,312 shares, cost $173,611"
},
{
"type": "Marketable Securities",
"description": "Vinland Lithium Inc.",
"ownershipPercentage": null,
"value": 102030,
"notes": "139,767 shares, cost $0"
},
{
"type": "Mineral Property",
"description": "Great Burnt Copper/Gold Property",
"ownershipPercentage": 30,
"value": 127958,
"notes": "Joint venture with Benton Resources Inc. (70%)."
},
{
"type": "Mineral Property",
"description": "Red Flat and Cleopatra Properties",
"ownershipPercentage": 100,
"value": 5532712,
"notes": "100% owned through HLNC."
},
{
"type": "Mineral Property",
"description": "Eight Dollar Property",
"ownershipPercentage": 100,
"value": 58553,
"notes": "Staked mining claims in Oregon."
},
{
"type": "Mineral Property",
"description": "Shamrock Property",
"ownershipPercentage": 100,
"value": 362440,
"notes": "40 unpatented mining claims in Oregon."
},
{
"type": "Mineral Property",
"description": "Woodcock Mountain",
"ownershipPercentage": 100,
"value": 215885,
"notes": "Woodcock Mountain property."
},
{
"type": "Mineral Property",
"description": "Free and Easy Property",
"ownershipPercentage": 100,
"value": 8981,
"notes": "34 mining claims in Oregon."
},
{
"type": "Mineral Property",
"description": "Mount Peavine",
"ownershipPercentage": 100,
"value": 8981,
"notes": "Mount Peavine property."
}
],
"shareStructure": {
"authorizedShares": null,
"issuedShares": 223746802,
"classesOfShares": ["common"],
"warrants": [
{
"number": 15000000,
"exercisePrice": 0.1,
"expiryDate": "2025-12-21"
}
],
"options": [
{
"number": 9000000,
"exercisePrice": 0.05,
"expiryDate": "2027-12-19"
},
{
"number": 650000,
"exercisePrice": 0.085,
"expiryDate": "2028-10-09"
}
],
"rightsConvertibleInstruments": "2,350,000 RSUs vested on December 19, 2025."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-10-31": {
"managementFee": 90000,
"accountingServices": 18000,
"corporateSecretaryServices": 15000,
"shareBasedCompensation": 35443
}
},
"namedIndividuals": [
{
"name": null,
"title": "CEO",
"period": "2025-10-31",
"components": {
"salary": null,
"bonus": null,
"total": 90000
}
},
{
"name": null,
"title": "CFO",
"period": "2025-10-31",
"components": {
"salary": null,
"bonus": null,
"total": 18000
}
},
{
"name": null,
"title": "Corporate Secretary",
"period": "2025-10-31",
"components": {
"salary": null,
"bonus": null,
"total": 15000
}
}
],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": "2025-12-21",
"description": "15,000,000 warrants expired unexercised.",
"impactValue": null
},
{
"eventDate": "2025-12-19",
"description": "2,350,000 previously granted RSUs vested and were issued to certain officers and directors.",
"impactValue": null
}
]
}
]
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