SEDAR Interim Financial Statements

[
  {
    "companyName": "TRIUMPH GOLD CORP.",
    "reportingPeriodEnd": "2025-06-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 51349,
      "tradeAndOtherReceivables": 18949,
      "prepaymentsAndDeposits": 88777,
      "totalCurrentAssets": 159075,
      "propertyAndEquipment": 9328,
      "investmentInEquities": 1,
      "explorationAndEvaluationAssets": 4066816,
      "totalNonCurrentAssets": 4076145,
      "totalAssets": 4235220,
      "tradeAndOtherPayables": 345856,
      "totalCurrentLiabilities": 345856,
      "reclamationProvision": 60000,
      "totalNonCurrentLiabilities": 60000,
      "totalLiabilities": 405856,
      "shareCapital": 78390087,
      "reserve": 9467494,
      "deficit": -84028217,
      "totalShareholdersEquity": 3829364,
      "totalLiabilitiesAndShareholdersEquity": 4235220,
      "cashPerShare": 0.0011,
      "workingCapitalPerShare": -0.0038
    },
    "incomeStatement": {
      "administrativeExpenses": 34965,
      "corporateCommunications": 245321,
      "depreciation": 1256,
      "explorationExpenditures": 116087,
      "interest": 5140,
      "listingAndFilingFees": 12589,
      "professionalFees": 357350,
      "propertyInvestigation": 33840,
      "shareBasedPayments": 890833,
      "wagesAndSalaries": 165371,
      "netAndComprehensiveLoss": -1862752,
      "lossPerShare": -0.04,
      "weightedAverageSharesOutstanding": 48652539
    },
    "cashFlowStatement": {
      "netCashUsedInOperatingActivities": -1460706,
      "netCashUsedInInvestingActivities": -285697,
      "netCashFromFinancingActivities": 1795340,
      "netChangeInCash": 48937,
      "cashBeginningOfPeriod": 2412,
      "cashEndOfPeriod": 51349
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment in equities",
        "description": "Investment in equities",
        "ownershipPercentage": null,
        "value": 1,
        "notes": null
      },
      {
        "type": "Mineral Property",
        "description": "Freegold Mountain Project",
        "ownershipPercentage": 100,
        "value": 3508639,
        "notes": "Includes Tinta Hill, Freegold, Goldstar, and Golden Revenue properties. Subject to various net smelter return royalties and advanced royalty payments. Reclamation provision of $60,000."
      },
      {
        "type": "Mineral Property",
        "description": "Big Creek Property",
        "ownershipPercentage": 100,
        "value": 259339,
        "notes": "Subject to 1.5% NSR."
      },
      {
        "type": "Mineral Property",
        "description": "Tad/Toro Property",
        "ownershipPercentage": 100,
        "value": 52641,
        "notes": "Subject to 3% NSR, with buyback options."
      },
      {
        "type": "Mineral Property",
        "description": "Andalusite Peak Property",
        "ownershipPercentage": 100,
        "value": 28513,
        "notes": null
      },
      {
        "type": "Mineral Property",
        "description": "DMG Claims",
        "ownershipPercentage": 100,
        "value": 217684,
        "notes": "Acquisition in progress, subject to closing conditions and regulatory approvals."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares, unlimited preferred shares",
      "issuedShares": 52376848,
      "classesOfShares": ["common", "preferred"],
      "warrants": [
        {
          "number": 13969464,
          "exercisePrice": 0.175,
          "expiryDate": "2028-01-27"
        },
        {
          "number": 5142375,
          "exercisePrice": 0.25,
          "expiryDate": "2028-03-12"
        }
      ],
      "options": [
        {
          "number": 595000,
          "exercisePrice": 3,
          "expiryDate": "2025-07-24"
        },
        {
          "number": 30000,
          "exercisePrice": 3,
          "expiryDate": "2026-01-25"
        },
        {
          "number": 4575000,
          "exercisePrice": 0.27,
          "expiryDate": "2030-05-07"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-06-30": {
          "salaries": 90000,
          "shareBased": 413775,
          "professionalFees": 45000,
          "consultingFees": 30000,
          "finderFees": 36619,
          "total": 615394
        },
        "2024-06-30": {
          "salaries": 90000,
          "shareBased": 0,
          "professionalFees": 45000,
          "consultingFees": 30000,
          "finderFees": 0,
          "total": 165000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "RIP Services Inc.",
          "description": "Professional fees for accounting services",
          "amount": 24000,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Purplefish Capital Limited",
          "description": "Consulting services and finder's fees",
          "amount": 66619,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Halle Geological Services Ltd.",
          "description": "Geological and consulting services, corporate communications",
          "amount": 0,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Wiklow Corporate Services, Inc.",
          "description": "Professional fees for consulting services",
          "amount": 21000,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Parallel Mining Corp.",
          "description": "Rent for office space",
          "amount": -2300,
          "period": "2025-06-30"
        },
        {
          "counterparty": "Triple Point Resources",
          "description": "Use of software",
          "amount": 0,
          "period": "2025-06-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Exercise of 325,000 warrants and expiration of 595,000 stock options",
        "impactValue": 56875
      }
    ]
  }
]