SEDAR Interim Financial Statements

[
  {
    "companyName": "VATIC VENTURES CORP.",
    "reportingPeriodEnd": "2025-05-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 10566,
      "amountsReceivable": 11943,
      "prepaidExpenses": 13500,
      "totalCurrentAssets": 36009,
      "explorationAndEvaluationAssets": 308648,
      "totalAssets": 344657,
      "accountsPayableAndAccruedLiabilities": 689238,
      "dueToRelatedParties": 27863,
      "loansPayable": 175413,
      "provisionForIndemnity": 597242,
      "totalCurrentLiabilities": 1489756,
      "nonCurrentLoanPayable": 60288,
      "totalLiabilities": 1550044,
      "shareCapital": 13753480,
      "subscriptionsReceivedInAdvance": 15000,
      "shareBasedPaymentReserve": 110467,
      "warrantReserve": 21624,
      "deficit": -15105958,
      "totalShareholdersEquityDeficiency": -1205387,
      "totalLiabilitiesAndShareholdersDeficiency": 344657,
      "cashPerShare": 0.0003,
      "workingCapitalPerShare": -0.0352
    },
    "incomeStatement": {
      "businessDevelopment": 200,
      "consultingFees": 12000,
      "managementFees": 7500,
      "officeAndMiscellaneous": 255,
      "professionalFees": 0,
      "projectInvestigation": 6969,
      "transferAgentAndFilingFees": 542,
      "travelMealsAndEntertainment": 0,
      "totalExpenses": 27466,
      "gainOnExtinguishmentOfDebt": 0,
      "interestExpense": 1837,
      "lossAndComprehensiveLossForPeriod": -29303,
      "weightedAverageSharesOutstanding": 41351394,
      "basicAndDilutedLossPerShare": 0
    },
    "cashFlowStatement": {
      "lossAndComprehensiveLossForPeriod": -29303,
      "gainOnExtinguishmentOfDebt": 0,
      "interestExpense": 1838,
      "increaseInAmountsReceivable": -37,
      "increaseInDueToRelatedParties": 21500,
      "increaseInAccountsPayableAndAccruedLiabilities": 2110,
      "netCashUsedInOperatingActivities": -3892,
      "explorationAndEvaluationAssets": -3753,
      "deferredAcquisitionCosts": 0,
      "netCashUsedInInvestingActivities": -3753,
      "proceedsFromExerciseOfOptions": 0,
      "interestPaymentOnCEBALoan": -986,
      "proceedsFromLoan": 46393,
      "repaymentOfLoan": -27200,
      "netCashProvidedByFinancingActivities": 18207,
      "increaseDecreaseInCash": 10562,
      "cashBeginningOfPeriod": 4,
      "cashEndOfPeriod": 10566
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Subsidiary",
        "description": "VV Mining Exploration Services Mexico S. DE. R. I.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Incorporated in Mexico"
      },
      {
        "type": "Subsidiary",
        "description": "VV Mining Mexico S. DE R. I. C. V.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Incorporated in Mexico"
      },
      {
        "type": "Subsidiary",
        "description": "1432714 B.C. Ltd.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Holds the Solonópole South Property option"
      },
      {
        "type": "Mineral Property",
        "description": "Solonópole South Property",
        "ownershipPercentage": 100,
        "value": 308648,
        "notes": "Located in Brazil, held through 1432714 B.C. Ltd."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 41351394,
      "classesOfShares": [
        "common"
      ],
      "warrants": [
        {
          "number": 3474100,
          "exercisePrice": 0.075,
          "expiryDate": "2026-08-29"
        },
        {
          "number": 165720,
          "exercisePrice": 0.075,
          "expiryDate": "2026-08-29"
        }
      ],
      "options": [
        {
          "number": 300000,
          "exercisePrice": 0.22,
          "expiryDate": "2026-07-19"
        },
        {
          "number": 400000,
          "exercisePrice": 0.2,
          "expiryDate": "2028-01-31"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-05-31": {
          "managementFees": 7500,
          "consultingFees": 12000
        },
        "2024-05-31": {
          "managementFees": 0,
          "consultingFees": 12000
        }
      },
      "namedIndividuals": [
        {
          "name": "Pieter Bakker",
          "title": "CFO",
          "period": "2025-05-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 12000
          }
        },
        {
          "name": "Loren Currie",
          "title": "Director",
          "period": "2025-05-31",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 7500
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "CFO",
          "description": "Due to related party",
          "amount": 10363,
          "period": "2025-05-31"
        },
        {
          "counterparty": "Directors",
          "description": "Due to related party",
          "amount": 17500,
          "period": "2025-05-31"
        },
        {
          "counterparty": "CFO",
          "description": "Due to related party",
          "amount": 6363,
          "period": "2025-02-28"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-07-23",
        "description": "3,600,000 common shares were held in escrow.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Entered into a share purchase agreement to acquire 100% of Velvet Clean Energy Corp., which has rights to acquire up to 80% interest in EPL 8289 (ZOYA Property) and up to 90% in EPL 8735 (GALORE Property) in Namibia. Acquisition consideration: 7,500,000 post-consolidation shares at $0.06 per share.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Announced intention to change name to Ballistic Energy Metals Corp. and consolidate shares on a 3-for-1 basis.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Appointed Tom Wilson as CFO and Pieter Bakker resigned as interim-CFO.",
        "impactValue": null
      }
    ]
  }
]