SEDAR Interim Financial Statements

[
  {
    "companyName": "US Copper Corp.",
    "reportingPeriodEnd": "2025-09-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 1058465,
      "marketableSecurities": 114000,
      "otherReceivables": 20071,
      "totalCurrentAssets": 1192536,
      "capitalAssets": 19101,
      "totalAssets": 1211637,
      "tradeAndOtherPayables": 54164,
      "totalLiabilities": 54164,
      "shareCapital": 18568057,
      "reserveForWarrants": 451300,
      "reserveForShareBasedPayments": 4452686,
      "accumulatedDeficit": -22314570,
      "totalEquity": 1157473,
      "cashPerShare": 0.0079,
      "workingCapitalPerShare": 0.0085
    },
    "incomeStatement": {
      "period": "Nine months ended September 30, 2025",
      "professionalFees": 40440,
      "managementAndConsultingFees": 45000,
      "shareBasedPayments": 225000,
      "officeGeneralAndAdministration": 79229,
      "investorRelationsPromotionAndTravel": 283136,
      "explorationAndEvaluationExpenditures": 214849,
      "changeOfFairValueOnMarketableSecurities": -34500,
      "netLossAndComprehensiveLoss": -853154,
      "lossPerShareBasicAndDiluted": -0.01,
      "weightedAverageNumberOfCommonSharesBasicAndDiluted": 133662000
    },
    "cashFlowStatement": {
      "period": "Nine months ended September 30, 2025",
      "netLossForThePeriod": -853154,
      "shareBasedPayments": 225000,
      "marketableSecuritiesReceivedForSaleOfExplorationAndEvaluationExpenditures": -41250,
      "changeOfFairValueOnMarketableSecurities": -34500,
      "amortization": 3375,
      "changeInTradeAndOtherReceivables": -16131,
      "changeInTradeAndOtherPayables": -114064,
      "cashUsedInOperatingActivities": -830724,
      "issuanceOfShareCapitalNetOfCosts": 1626814,
      "proceedsOnExerciseOfWarrants": 213800,
      "proceedsOnExerciseOfOptions": 7500,
      "cashProvidedFromFinancingActivities": 1848114,
      "increaseInCashAndCashEquivalents": 1017390,
      "cashAndCashEquivalentsBeginningOfPeriod": 41075,
      "cashAndCashEquivalentsEndOfPeriod": 1058465
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Shares in Global Copper Corp.",
        "ownershipPercentage": null,
        "value": null,
        "notes": "1,000,000 shares; part of total fair value of $114,000"
      },
      {
        "type": "Marketable Securities",
        "description": "Shares in Mink Ventures Corporation",
        "ownershipPercentage": null,
        "value": null,
        "notes": "1,000,000 shares; part of total fair value of $114,000"
      },
      {
        "type": "Marketable Securities",
        "description": "Warrants in Mink Ventures Corporation",
        "ownershipPercentage": null,
        "value": null,
        "notes": "250,000 warrants; part of total fair value of $114,000"
      },
      {
        "type": "Mineral Property",
        "description": "Black Warrior patented claims in Nevada, USA",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "2 patented claims; acquired for US$25,000"
      },
      {
        "type": "Mineral Property",
        "description": "Moonlight-Superior Project in California, USA",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Includes 271 unpatented claims and lease on 36 patented claims; subject to royalties and lease payments"
      },
      {
        "type": "Mineral Property",
        "description": "Timore patented claims in Ontario, Canada",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Covers properties near Timmins and Red Lake"
      },
      {
        "type": "Mineral Property",
        "description": "Warren Whiteside patented mining claims in Ontario, Canada",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "14 patented claims; optioned to Mink Ventures Corporation, transferred in 2025"
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 146876294,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 4036667,
          "exercisePrice": 0.06,
          "expiryDate": "2026-08-30"
        },
        {
          "number": 9300000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-02-21"
        },
        {
          "number": 11650000,
          "exercisePrice": 0.15,
          "expiryDate": "2027-07-28"
        }
      ],
      "options": [
        {
          "number": 10775000,
          "exercisePrice": 0.10,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedSeptember302025": {
          "shortTermBenefits": 45000,
          "shareBasedPayments": 101000,
          "total": 146000
        },
        "nineMonthsEndedSeptember302024": {
          "shortTermBenefits": 45000,
          "shareBasedPayments": 0,
          "total": 45000
        }
      },
      "namedIndividuals": [
        {
          "name": "Stephen Dunn",
          "title": "Chief Executive Officer",
          "period": "2025-09-30",
          "components": {
            "salary": null,
            "bonus": null,
            "total": null
          }
        },
        {
          "name": "Rich Morrow",
          "title": "Chief Financial Officer",
          "period": "2025-09-30",
          "components": {
            "salary": null,
            "bonus": null,
            "total": null
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Officer and Director",
          "description": "Participation in private placement, subscribed for 115,000 units",
          "amount": 5750,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-10-14",
        "description": "Completed a non-brokered private placement of 7,500,000 units at $0.10 per unit for proceeds of $750,000",
        "impactValue": 750000
      }
    ]
  }
]