SEDAR Interim Financial Statements

[
  {
    "companyName": "US Copper Corp.",
    "reportingPeriodEnd": "2025-06-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 111361,
      "marketableSecurities": 114000,
      "otherReceivables": 7424,
      "prepaidExpenses": 14000,
      "totalCurrentAssets": 246785,
      "capitalAssets": 20226,
      "totalAssets": 267011,
      "tradeAndOtherPayables": 74064,
      "totalCurrentLiabilities": 74064,
      "totalLiabilities": 74064,
      "shareCapital": 17490828,
      "reserveForWarrants": 163000,
      "reserveForShareBasedPayments": 4454786,
      "accumulatedDeficit": -21915667,
      "totalEquity": 192947,
      "cashPerShare": 0.0008,
      "workingCapitalPerShare": 0.0013
    },
    "incomeStatement": {
      "professionalFees": 27440,
      "managementAndConsultingFees": 30000,
      "shareBasedPayments": 225000,
      "officeGeneralAndAdministration": 64448,
      "investorRelationsPromotionAndTravel": 94637,
      "explorationAndEvaluationExpenditures": 47226,
      "totalExpenses": 488751,
      "changeOfFairValueOnMarketableSecurities": -34500,
      "netLossAndComprehensiveLoss": 454251,
      "lossPerShareBasicAndDiluted": 0.0,
      "weightedAverageNumberOfCommonSharesBasicAndDiluted": 131821000
    },
    "cashFlowStatement": {
      "netLoss": -454251,
      "shareBasedPayments": 225000,
      "marketableSecuritiesReceivedForSaleOfExplorationAndEvaluationExpenditures": -41250,
      "changeOfFairValueOnMarketableSecurities": -34500,
      "amortization": 2250,
      "changeInTradeAndOtherReceivables": -3484,
      "changeInPrepaidExpenses": -14000,
      "changeInTradeAndOtherPayables": -94164,
      "cashUsedInOperatingActivities": -414399,
      "issuanceOfShareCapitalNetOfCosts": 484685,
      "cashProvidedFromFinancingActivities": 484685,
      "increaseDecreaseInCashAndCashEquivalents": 70286,
      "cashAndCashEquivalentsBeginningOfPeriod": 41075,
      "cashAndCashEquivalentsEndOfPeriod": 111361,
      "interestPaid": null,
      "incomeTaxPaid": null
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Shares in Global Copper Corp. (formerly Li3 Lithium Corp.)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "1,000,000 shares, cost $253,000, fair value $114,000 as of June 30, 2025"
      },
      {
        "type": "Marketable Securities",
        "description": "Shares in Mink Ventures Corporation (MINK)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "1,000,000 shares"
      },
      {
        "type": "Marketable Securities",
        "description": "Warrants in Mink Ventures Corporation (MINK)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "250,000 warrants, exercise price $0.25, valued using Black-Scholes model"
      },
      {
        "type": "Mineral Property",
        "description": "Black Warrior (2 patented claims, Esmeralda County, Nevada)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "100% interest, acquired for US$25,000"
      },
      {
        "type": "Mineral Property",
        "description": "Moonlight-Superior (271 unpatented claims, 36 leased patented claims, Plumas County, California)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Subject to 2% net smelter royalty on leased claims. Annual lease payment US$20,000 and work obligation US$25,000. Option to purchase for US$10,000,000."
      },
      {
        "type": "Mineral Property",
        "description": "Timore (patented claims near Timmins and Red Lake, Ontario)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "100% interest"
      },
      {
        "type": "Mineral Property",
        "description": "Warren Whiteside (14 patented mining claims, Whiteside Township, Ontario)",
        "ownershipPercentage": 0,
        "value": null,
        "notes": "Transferred to MINK during the period after earn-in completion"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares, no par value",
      "issuedShares": 131821294,
      "classesOfShares": ["Common Shares"],
      "warrants": [
        {
          "number": 6666667,
          "exercisePrice": 0.06,
          "expiryDate": "2026-08-30"
        },
        {
          "number": 10000000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-02-21"
        }
      ],
      "options": [
        {
          "number": 6350000,
          "exercisePrice": 0.1,
          "expiryDate": "2028-01-24"
        },
        {
          "number": 250000,
          "exercisePrice": 0.1,
          "expiryDate": "2028-05-07"
        },
        {
          "number": 4250000,
          "exercisePrice": 0.1,
          "expiryDate": "2027-06-30"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": [
        {
          "period": "Six months ended June 30, 2025",
          "shortTermBenefits": 30000,
          "shareBasedPayments": 101000,
          "total": 131000
        },
        {
          "period": "Six months ended June 30, 2024",
          "shortTermBenefits": 30000,
          "shareBasedPayments": 0,
          "total": 30000
        }
      ],
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Officer and Director",
          "description": "Participation in private placement",
          "amount": 5750,
          "period": "Six months ended June 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-07-28",
        "description": "Completed non-brokered private placement of 11,650,000 units at $0.10 per unit for gross proceeds of $1,165,000. Each unit consists of one common share and one warrant exercisable at $0.15 for two years.",
        "impactValue": 1165000
      },
      {
        "eventDate": null,
        "description": "Exercised 3,330,000 warrants (weighted avg. exercise $0.064) and 75,000 options (weighted avg. exercise $0.10) for combined gross proceeds of $221,300.",
        "impactValue": 221300
      }
    ]
  }
]