SEDAR Interim Financial Statements

[
  {
    "companyName": "TRIUMPH GOLD CORP.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 9995,
      "tradeAndOtherReceivables": 5664,
      "prepaymentsAndDeposits": 57298,
      "totalCurrentAssets": 72957,
      "propertyAndEquipment": 8699,
      "investmentInEquities": 1,
      "explorationAndEvaluationAssets": 4066816,
      "totalNonCurrentAssets": 4075516,
      "totalAssets": 4148473,
      "tradeAndOtherPayables": 508020,
      "totalCurrentLiabilities": 508020,
      "reclamationProvision": 60000,
      "totalNonCurrentLiabilities": 60000,
      "totalLiabilities": 568020,
      "shareCapital": 78464205,
      "subscriptionsReceived": 27377,
      "reserve": 9518677,
      "deficit": -84429806,
      "totalShareholdersEquity": 3580453,
      "cashPerShare": 0.0002,
      "workingCapitalPerShare": -0.0087
    },
    "incomeStatement": {
      "administrativeExpenses": 51151,
      "corporateCommunications": 344695,
      "depreciation": 1885,
      "explorationExpenditures": 234722,
      "interestExpense": 5529,
      "listingAndFilingFees": 12589,
      "professionalFees": 396876,
      "propertyInvestigation": 33840,
      "shareBasedPayments": 942016,
      "wagesAndSalaries": 241038,
      "totalExpenses": 2264341,
      "interestAndOtherIncome": 0,
      "netLoss": 2264341,
      "lossPerShareBasicAndDiluted": -0.05,
      "weightedAverageSharesOutstandingBasicAndDiluted": 49985273
    },
    "cashFlowStatement": {
      "netLoss": -2264341,
      "depreciation": 1885,
      "shareBasedPayments": 942016,
      "changeInTradeAndOtherReceivables": -677,
      "changeInPrepaymentsAndDeposits": -35016,
      "changeInTradeAndOtherPayables": -247422,
      "netCashUsedInOperatingActivities": -1603555,
      "acquisitionOfExplorationAndEvaluationAssets": -285697,
      "proceedsFromIssuanceOfCommonSharesNet": 1869458,
      "subscriptionsReceived": 27377,
      "netCashFromFinancingActivities": 1896835,
      "netChangeInCash": 7583,
      "cashBeginningOfPeriod": 2412,
      "cashEndOfPeriod": 9995
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity Investment",
        "description": "Investment in equities",
        "ownershipPercentage": null,
        "value": 1,
        "notes": "Fair value level 3"
      },
      {
        "type": "Mineral Property",
        "description": "Freegold Mountain Project (Tinta Hill, Freegold, Goldstar, Golden Revenue properties)",
        "ownershipPercentage": 100,
        "value": 3508639,
        "notes": "Subject to advanced royalty payments and NSR. See note 4."
      },
      {
        "type": "Mineral Property",
        "description": "Big Creek copper-gold 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. Written down to $1 in previous years."
      },
      {
        "type": "Mineral Property",
        "description": "Andalusite Peak Property",
        "ownershipPercentage": 100,
        "value": 28513,
        "notes": "Staked by the Company."
      },
      {
        "type": "Mining Claims",
        "description": "DMG Claims in Utah, USA",
        "ownershipPercentage": 100,
        "value": 217684,
        "notes": "Subject to minimum annual royalty payment of US$60,000 for 10 years and 2.5% NSR. Additional compensation of 3,000,000 common shares and $3,000,000 in cash or shares in year 4. Agreement subject to closing conditions and regulatory approvals."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 52801848,
      "classesOfShares": ["common", "preferred"],
      "warrants": [
        {
          "number": 13544464,
          "exercisePrice": 0.175,
          "expiryDate": "2028-01-27"
        },
        {
          "number": 5142375,
          "exercisePrice": 0.25,
          "expiryDate": "2028-03-12"
        }
      ],
      "options": [
        {
          "number": 30000,
          "exercisePrice": 3.0,
          "expiryDate": "2026-01-25"
        },
        {
          "number": 4575000,
          "exercisePrice": 0.27,
          "expiryDate": "2030-05-07"
        },
        {
          "number": 200000,
          "exercisePrice": 0.27,
          "expiryDate": "2030-09-05"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "salaries": 135000,
          "shareBasedPayments": 413775,
          "professionalFees": 67500,
          "consultingFees": 47520,
          "finderFees": 36619
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Parallel Mining Corp.",
          "description": "Rent paid to the Company",
          "amount": 2300,
          "period": "2025-09-30"
        },
        {
          "counterparty": "Parent Capital Corp.",
          "description": "Rent paid to the Company",
          "amount": 3450,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Closed non-brokered private placement of 6,456,664 units at $0.30 per unit for gross proceeds of $1,936,999. Each unit consists of one common share and one warrant exercisable at $0.45 for two years. Finder's fees of $81,200 and 270,666 finder's warrants were paid.",
        "impactValue": 1936999
      }
    ]
  }
]