None
SEDAR Interim Financial Statements
STW · Price
[
{
"companyName": "Stockworks Gold Inc. (formerly Rover Critical Minerals Corp.)",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": "Dale Matheson Carr-Hilton LaBonte LLP",
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 47306,
"prepaidExpensesAndDeposits": 118678,
"salesTaxReceivable": 6323,
"totalCurrentAssets": 172307,
"restrictedCash": 47045,
"explorationAndEvaluationAssets": 4918408,
"equipment": 9903,
"totalAssets": 5147663,
"accountsPayableAndAccruedLiabilities": 643013,
"promissoryNotes": 7478,
"currentPortionOfLoansPayable": 7536,
"totalCurrentLiabilities": 658027,
"loansPayable": 13677,
"totalLiabilities": 671704,
"shareCapital": 9626365,
"warrantReserves": 739765,
"stockOptionReserves": 288143,
"contributedSurplus": 2699781,
"deficit": -8878095,
"totalShareholdersEquity": 4475959,
"totalLiabilitiesAndShareholdersEquity": 5147663,
"cashPerShare": 0.0032,
"workingCapitalPerShare": -0.0332
},
"incomeStatement": {
"administrativeFees": 90546,
"shareBasedCompensation": 60612,
"professionalFees": 41522,
"transferAgentAndFilingFees": 24089,
"investorRelationsAndMarketingConsulting": 15431,
"officeExpensesAndDues": 11017,
"interestExpense": 10469,
"rentAndMaintenance": 7852,
"lossOnDisposalOfEquipment": 6977,
"insurance": 3930,
"travel": 2805,
"bankFeesAndInterest": 2801,
"communications": 1663,
"marketingAndEvents": 0,
"foreignExchangeLossGain": -834,
"totalOperatingExpenses": 278880,
"grantIncome": 0,
"interestIncome": 4254,
"impairmentOfExplorationAndEvaluationAsset": -711527,
"netLossAndComprehensiveLoss": -986153,
"weightedAverageSharesOutstanding": 11077802
},
"cashFlowStatement": {
"netLoss": -986153,
"adjustmentsForShareBasedCompensation": 60612,
"adjustmentsForInterestExpense": 10469,
"adjustmentsForLossOnDisposalOfEquipment": 6977,
"adjustmentsForGrantIncome": 0,
"adjustmentsForImpairmentOfExplorationAndEvaluationAsset": 711527,
"changesInPrepaidExpensesAndDeposits": -65107,
"changesInSalesTaxReceivable": -2759,
"changesInAccountsPayableAndAccruedLiabilities": -37305,
"cashUsedInOperatingActivities": -301739,
"transactionCostsRelatedToAcquisition": -375,
"expenditureOnExplorationAndEvaluationAssets": 0,
"repaymentOfUnspentGrant": 0,
"releaseOfRestrictedCash": 117277,
"purchaseOfLandUsePermit": -47045,
"cashProvidedByUsedInInvestingActivities": 69857,
"proceedsFromUnitFinancings": 387548,
"unitIssuanceCosts": -2740,
"repaymentsOnLoanPayable": -5652,
"proceedsFromRefinancingLoan": 0,
"repaymentOfCebaLoan": 0,
"proceedsFromPromissoryNotes": 57500,
"repaymentsOfPromissoryNotes": -163632,
"cashProvidedByFinancingActivities": 273024,
"netChangeInCash": 41142,
"cashBeginningOfPeriod": 6164,
"cashEndOfPeriod": 47306
},
"investmentsAndOtherAssets": [
{
"type": "Mineral/Resource Properties",
"description": "Cabin Gold Property - 100% interest, subject to a 2.0% NSR (Silver Range Royalty) and advance royalty payments. Located in Northwest Territories.",
"ownershipPercentage": 100,
"value": 4299177,
"notes": "Subsequent event: Agreement for sale of property (Note 17)."
},
{
"type": "Mineral/Resource Properties",
"description": "Pirenopolis Gold Project - Acquired via 1484902 B.C. Ltd. Option to acquire 100% interest subject to a 2.0% NSR (1.0% purchasable for US$1,000,000). Located in Brazil.",
"ownershipPercentage": 100,
"value": 619231,
"notes": "Held by subsidiary 1484902 B.C. Ltd. Acquired April 10, 2025."
},
{
"type": "Marketable Securities",
"description": "Let's Go Lithium Project - Option to acquire 100% interest in claystone lithium property in Nevada, USA. Fully impaired as of September 30, 2025.",
"ownershipPercentage": null,
"value": 0,
"notes": "Project discontinued and fully impaired during the period."
},
{
"type": "Marketable Securities",
"description": "Longstreet Lithium Property - 100% owned claims in Nevada, USA. Fully impaired as of December 31, 2024.",
"ownershipPercentage": 100,
"value": 0,
"notes": "Fully impaired in prior year."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 14845013,
"classesOfShares": ["Common shares"],
"warrants": [
{
"number": 662500,
"exercisePrice": 1.2,
"expiryDate": "2025-12-22"
},
{
"number": 229000,
"exercisePrice": 1.2,
"expiryDate": "2026-01-20"
},
{
"number": 150000,
"exercisePrice": 1.2,
"expiryDate": "2026-03-05"
},
{
"number": 566335,
"exercisePrice": 0.2,
"expiryDate": "2026-09-05"
},
{
"number": 66225,
"exercisePrice": 0.2,
"expiryDate": "2026-12-02"
},
{
"number": 1091147,
"exercisePrice": 0.2,
"expiryDate": "2027-05-15"
},
{
"number": 713300,
"exercisePrice": 0.2,
"expiryDate": "2027-07-04"
},
{
"number": 581327,
"exercisePrice": 0.2,
"expiryDate": "2027-07-16"
}
],
"options": [
{
"number": 5832,
"exercisePrice": 1.5,
"expiryDate": "2025-11-16"
},
{
"number": 10000,
"exercisePrice": 1.5,
"expiryDate": "2026-02-14"
},
{
"number": 12250,
"exercisePrice": 1.5,
"expiryDate": "2026-04-26"
},
{
"number": 8333,
"exercisePrice": 1.5,
"expiryDate": "2027-05-28"
},
{
"number": 70000,
"exercisePrice": 1.2,
"expiryDate": "2027-04-19"
},
{
"number": 25000,
"exercisePrice": 1.2,
"expiryDate": "2027-04-23"
},
{
"number": 47000,
"exercisePrice": 1,
"expiryDate": "2027-05-26"
},
{
"number": 30000,
"exercisePrice": 1.2,
"expiryDate": "2027-09-01"
},
{
"number": 50000,
"exercisePrice": 0.5,
"expiryDate": "2028-03-08"
},
{
"number": 35000,
"exercisePrice": 0.5,
"expiryDate": "2028-05-24"
},
{
"number": 35000,
"exercisePrice": 0.5,
"expiryDate": "2028-06-10"
},
{
"number": 20000,
"exercisePrice": 0.5,
"expiryDate": "2028-06-27"
},
{
"number": 250000,
"exercisePrice": 0.2,
"expiryDate": "2029-07-17"
},
{
"number": 100000,
"exercisePrice": 0.2,
"expiryDate": "2029-09-05"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedSep30_2025": {
"administrativeFees": 18165,
"shareBasedCompensation": 0,
"total": 18165
},
"nineMonthsEndedSep30_2025": {
"administrativeFees": 73015,
"shareBasedCompensation": 0,
"total": 73015
},
"threeMonthsEndedSep30_2024": {
"administrativeFees": 39800,
"shareBasedCompensation": 0,
"total": 39800
},
"nineMonthsEndedSep30_2024": {
"administrativeFees": 171740,
"shareBasedCompensation": 23736,
"total": 195476
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Director",
"description": "Promissory note issued Feb 3, 2024, $150,000 at 8% p.a., repaid May 16, 2024.",
"amount": 150000,
"period": "2024"
},
{
"counterparty": "Director",
"description": "Promissory note issued Aug 21, 2024, $100,000 at 12% p.a., repaid July 24, 2025.",
"amount": 100000,
"period": "2024-2025"
},
{
"counterparty": "Company controlled by a director",
"description": "Promissory notes issued Jan 27 and Feb 25, 2025, $18,000 and $10,000 at 12% p.a., repaid July 2025.",
"amount": 28000,
"period": "2025"
},
{
"counterparty": "Director",
"description": "Promissory note issued Feb 25, 2025, $15,000 at 12% p.a., repaid July 24, 2025.",
"amount": 15000,
"period": "2025"
},
{
"counterparty": "Company controlled by a director",
"description": "Promissory note issued May 19, 2025, $14,500 at 12% p.a., due Dec 31, 2025. Partial repayment of $7,472 made July 21, 2025.",
"amount": 7478,
"period": "2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-10-30",
"description": "Entered into Purchase Agreement with an ASX-listed purchaser for the sale of the Cabin Gold Property. Terms: AUS$100,000 non-refundable deposit for 90-day exclusivity. Upon due diligence completion, purchaser to pay AUS$200,000 and issue 30,000,000 common shares. Stockworks retains a 5% royalty.",
"impactValue": null
},
{
"eventDate": "2025-11-16",
"description": "5,832 stock options expired unexercised.",
"impactValue": null
}
]
}
]
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