SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "Clean Energy Transition Inc.",
      "reportingPeriodEnd": "2025-07-31",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cash": 674905,
      "marketableSecurities": 163590,
      "accountsReceivable": 80310,
      "prepaidExpenses": 128502,
      "totalCurrentAssets": 1047307,
      "equipment": 0,
      "totalAssets": 1047307,
      "accountsPayableAndAccruedLiabilities": 328924,
      "dueToRelatedParties": 51573,
      "flowThroughShareLiability": 8447,
      "totalCurrentLiabilities": 388944,
      "totalLiabilities": 388944,
      "shareCapital": 50738836,
      "reserves": 10489195,
      "accumulatedOtherComprehensiveIncome": -59133,
      "accumulatedDeficit": -60510535,
      "totalShareholdersEquity": 658363,
      "totalLiabilitiesAndShareholdersEquity": 1047307,
      "cashPerShare": 0.0162,
      "workingCapitalPerShare": 0.0158
    },
    "incomeStatement": {
      "revenue": 0,
      "costOfGoodsSold": 0,
      "depreciationAndDepletion": -2389,
      "grossProfit": -2389,
      "compensationAndBenefits": 51565,
      "consultingFeesRelatedParties": 23876,
      "officeExpenseAndMiscellaneous": 16205,
      "professionalFees": 37402,
      "regulatoryAndStockTransferFees": 7671,
      "stockBasedCompensation": 0,
      "explorationExpenses": 35080,
      "totalExpenses": 171799,
      "lossBeforeOtherIncomeAndIncomeTaxes": -174188,
      "gainOnSaleOfMarketableSecurities": 0,
      "flowThroughSharePremiumIncome": 5141,
      "netLoss": -169047,
      "unrealizedLossOnMarketableSecurities": -116850,
      "comprehensiveLoss": -285897,
      "basicAndDilutedLossPerShare": 0,
      "weightedAverageSharesOutstanding": 41743850
    },
    "cashFlowStatement": {
      "netLoss": -169047,
      "depreciationAndDepletion": 2389,
      "stockBasedCompensation": 0,
      "gainOnSaleOfMarketableSecurities": 0,
      "changesInNonCashWorkingCapital": {
        "prepaidExpenses": 7269,
        "dueToRelatedParties": 11772,
        "taxPayable": -17322,
        "accountsPayableAndAccruedLiabilities": -18291
      },
      "cashUsedInOperatingActivities": -183230,
      "cashUsedInInvestingActivities": 0,
      "cashUsedInFinancingActivities": 0,
      "netDecreaseInCash": -183230,
      "cashBeginning": 858135,
      "cashEnd": 674905
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "1,168,500 shares of EV Nickel Inc. (EVNi)",
        "ownershipPercentage": null,
        "value": 163590,
        "notes": "Fair value through other comprehensive income (FVTOCI)"
      },
      {
        "type": "Mineral Properties",
        "description": "Silicon Ridge Project",
        "ownershipPercentage": 100,
        "value": 0,
        "notes": "Option to earn 100% interest, subject to a 2% NSR. Carrying value impaired to $nil in prior year due to permit refusal."
      },
      {
        "type": "Mineral Properties",
        "description": "Snow White Project",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "Carrying value written down to $nil; no exploration expected until sufficient funding available."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 41743850,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 2656250,
          "exercisePrice": 0.12,
          "expiryDate": "2027-12-23"
        }
      ],
      "options": [
        {
          "number": 680000,
          "exercisePrice": 0.07,
          "expiryDate": "2027-01-15"
        },
        {
          "number": 865000,
          "exercisePrice": 0.09,
          "expiryDate": "2027-08-14"
        },
        {
          "number": 340000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-12-18"
        },
        {
          "number": 1300000,
          "exercisePrice": 0.05,
          "expiryDate": "2031-02-23"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-07-31": {
          "keyManagementCompensation": 58566,
          "directorCompensation": 16875,
          "stockBasedCompensation": 0,
          "totalCompensation": 75441
        },
        "2024-07-31": {
          "keyManagementCompensation": 173113,
          "directorCompensation": 0,
          "stockBasedCompensation": 3348,
          "totalCompensation": 176461
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": []
    },
    "subsequentEvents": []
  }
]