SEDAR Interim Financial Statements

[
  {
    "companyName": "Clean Energy Transition Inc.",
    "reportingPeriodEnd": "2025-10-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 500461,
      "marketableSecurities": 233700,
      "accountsReceivable": 20583,
      "prepaidExpenses": 186956,
      "totalCurrentAssets": 941700,
      "equipment": 0,
      "totalAssets": 941700,
      "accountsPayableAndAccruedLiabilities": 301684,
      "dueToRelatedParties": 2287,
      "flowThroughShareLiability": 6364,
      "totalLiabilities": 310335,
      "shareCapital": 50738836,
      "reserves": 10460027,
      "accumulatedOtherComprehensiveIncome": 10977,
      "accumulatedDeficit": -60578475,
      "totalShareholdersEquity": 631365,
      "cashPerShare": 0.0120,
      "workingCapitalPerShare": 0.0151
    },
    "incomeStatement": {
      "revenue": 0,
      "depreciationAndDepletion": -2389,
      "grossProfit": -2389,
      "compensationAndBenefits": 103132,
      "consultingFeesRelatedParties": 36814,
      "officeExpenseAndMiscellaneous": 25428,
      "professionalFees": 50343,
      "regulatoryAndStockTransferFees": 12154,
      "stockBasedCompensation": 15323,
      "explorationExpense": 45712,
      "totalExpensesBeforeItemsBelow": 288906,
      "lossBeforeOtherIncomeAndIncomeTaxes": -291295,
      "interestIncome": 2652,
      "gainOnSaleOfMarketableSecurities": 0,
      "flowThroughSharePremiumIncome": 7225,
      "foreignExchangeLoss": -60,
      "netLossForThePeriod": -281478,
      "unrealizedGainLossOnMarketableSecurities": -46740,
      "comprehensiveLossForThePeriod": -328218,
      "basicAndDilutedNetLossPerShare": -0.01,
      "weightedAverageSharesOutstanding": 41743850
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -281478,
      "depreciationAndDepletion": 2389,
      "stockBasedCompensation": 15323,
      "flowThroughSharePremiumIncome": -7224,
      "gainOnSaleOfMarketableSecurities": 0,
      "prepaidExpenses": -51185,
      "dueToRelatedParties": -37514,
      "taxPayable": 42405,
      "accountsPayableAndAccruedLiabilities": -43042,
      "cashUsedInProvidedByOperatingActivities": -360326,
      "interestEarnedOnInvestments": 2652,
      "cashProvidedByInvestingActivities": 2652,
      "proceedsFromSaleOfMarketableSecurities": 0,
      "cashProvidedByFinancingActivities": 0,
      "netDecreaseIncreaseInCash": -357674,
      "cashBeginningOfYear": 858135,
      "cashEndOfPeriod": 500461
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "1,168,500 shares of EV Nickel Inc.",
        "ownershipPercentage": null,
        "value": 233700,
        "notes": "Held at fair value through other comprehensive income (FVTOCI). Market value $0.20 per share."
      },
      {
        "type": "Mineral Property",
        "description": "Silicon Ridge Project",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Option to earn 100% interest, subject to 2% NSR. Carrying value written down to $nil due to permit refusal from Québec's Ministère des Forêts, de la Faune et des Parcs (MFFP)."
      },
      {
        "type": "Mineral Property",
        "description": "Snow White Project",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Carrying value written down to $nil as the Company does not expect to initiate further exploration until sufficient funding is available."
      },
      {
        "type": "Mineral Property",
        "description": "Aurora Nickel Project",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Mining lease incorporating ~905 hectares. Exploration expenditures are expensed as incurred. $45,712 spent on direct exploration in the six months ended Oct 31, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 41743850,
      "classesOfShares": ["Common shares without par value"],
      "warrants": [
        {
          "number": 2656250,
          "exercisePrice": 0.12,
          "expiryDate": "2027-12-23"
        }
      ],
      "options": [
        {
          "number": 440000,
          "exercisePrice": 0.07,
          "expiryDate": "2027-01-15"
        },
        {
          "number": 575000,
          "exercisePrice": 0.09,
          "expiryDate": "2027-08-14"
        },
        {
          "number": 230000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-12-18"
        },
        {
          "number": 1300000,
          "exercisePrice": 0.05,
          "expiryDate": "2031-02-23"
        },
        {
          "number": 1515000,
          "exercisePrice": 0.02,
          "expiryDate": "2032-09-26"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedOct31_2025": {
          "keyManagementCompensation": 120819,
          "directorCompensation": 19125,
          "stockBasedCompensation": 15070,
          "totalCompensation": 155014
        },
        "sixMonthsEndedOct31_2024": {
          "keyManagementCompensation": 292062,
          "directorCompensation": 0,
          "stockBasedCompensation": 6696,
          "totalCompensation": 298758
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": []
  }
]