SEDAR Interim Financial Statements

[
  {
    "metadata": {
      "companyName": "VORTEX ENERGY CORP.",
      "reportingPeriodEnd": "2025-09-30",
      "reportStatus": "Unaudited",
      "auditorName": null,
      "auditorKeyMatters": []
    },
    "balanceSheet": {
      "cash": 1160431,
      "accountsReceivable": 36248,
      "prepaidExpenses": 11864,
      "totalCurrentAssets": 1208543,
      "explorationAndEvaluationAssets": 10034399,
      "totalAssets": 11242942,
      "accountsPayableAndAccruedLiabilities": 117886,
      "totalLiabilities": 117886,
      "shareCapital": 21917427,
      "reserves": 2359390,
      "deficit": -13151761,
      "totalShareholdersEquity": 11125056,
      "cashPerShare": 0.0818,
      "workingCapitalPerShare": 0.0769
    },
    "incomeStatement": {
      "advertisingAndMarketing": 691162,
      "amortization": 0,
      "consultingFees": 39000,
      "filingFees": 10945,
      "managementFees": 90000,
      "officeAndMiscellaneous": 10096,
      "professionalFees": 13823,
      "shareBasedCompensation": 0,
      "totalOperatingExpenses": -855026,
      "netAndComprehensiveLoss": -855026,
      "lossPerShareBasicAndDiluted": -0.06,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 14179150
    },
    "cashFlowStatement": {
      "netLoss": -855026,
      "amortization": 0,
      "shareBasedCompensation": 0,
      "changesInNonCashWorkingCapitalItems": {
        "accountsReceivable": -13135,
        "prepaidExpenses": 280267,
        "accountsPayableAndAccruedLiabilities": -63841
      },
      "cashUsedInOperatingActivities": -651735,
      "explorationAndEvaluationAssets": -56000,
      "cashUsedInInvestingActivities": -56000,
      "proceedsFromWarrantExercises": 456369,
      "cashReceivedFromFinancingActivities": 456369,
      "netChangeInCash": -251366,
      "cashBeginningOfPeriod": 1411797,
      "cashEndOfPeriod": 1160431
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Robinsons River Salt Property",
        "ownershipPercentage": 100,
        "value": 9516424,
        "notes": "Acquired 100% of Blue Ocean Salt Corp. which owns 100% interest. Located in Newfoundland and Labrador, consists of 687 claims covering 17,139 hectares."
      },
      {
        "type": "Mineral Property Option",
        "description": "Fire Eye Property",
        "ownershipPercentage": null,
        "value": 517975,
        "notes": "Option agreement to purchase the mineral property located in Saskatchewan, Canada. Expenditure commitments and share issuances as per the agreement."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 14533076,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 248710,
          "exercisePrice": 5.50,
          "expiryDate": "2025-12-22"
        },
        {
          "number": 375000,
          "exercisePrice": 5.00,
          "expiryDate": "2026-01-09"
        },
        {
          "number": 10375,
          "exercisePrice": 4.00,
          "expiryDate": "2026-03-25"
        }
      ],
      "options": [
        {
          "number": 100000,
          "exercisePrice": 2.25,
          "expiryDate": "2026-03-17"
        },
        {
          "number": 60000,
          "exercisePrice": 6.50,
          "expiryDate": "2026-04-26"
        },
        {
          "number": 35000,
          "exercisePrice": 9.80,
          "expiryDate": "2026-06-13"
        },
        {
          "number": 500000,
          "exercisePrice": 0.39,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-09-30": {
          "managementFees": 90000,
          "shareBasedCompensation": 0
        }
      },
      "namedIndividuals": [
        {
          "name": "CEO and Director",
          "title": "CEO and Director",
          "period": "2025-09-30",
          "components": {
            "salary": 45000,
            "bonus": null,
            "total": 45000
          }
        },
        {
          "name": "CFO",
          "title": "CFO",
          "period": "2025-09-30",
          "components": {
            "salary": 30000,
            "bonus": null,
            "total": 30000
          }
        },
        {
          "name": "Director",
          "title": "Director",
          "period": "2025-09-30",
          "components": {
            "salary": 7500,
            "bonus": null,
            "total": 7500
          }
        },
        {
          "name": "Director",
          "title": "Director",
          "period": "2025-09-30",
          "components": {
            "salary": 7500,
            "bonus": null,
            "total": 7500
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "companies controlled by corporate officers and directors",
          "description": "Amounts payable for services, non-interest bearing and unsecured",
          "amount": 23625,
          "period": "2025-09-30"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Issued 475,000 common shares in recognition of RSU exercises",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Issued 25,625 common shares in recognition of option exercises",
        "impactValue": null
      }
    ]
  }
]