SEDAR Interim Financial Statements

[
  {
    "companyName": "VVC Exploration Corporation",
    "reportingPeriodEnd": "2025-10-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 80207,
      "depositsAndOtherReceivables": 21133,
      "totalCurrentAssets": 101340,
      "investment": 34647614,
      "propertyAndEquipment": 1542622,
      "totalAssets": 36291576,
      "accountsPayableAndAccruedLiabilities": 3297239,
      "loanPayable": 2842394,
      "deferredRoyaltyReceipts": 4772759,
      "explorationObligation": 251847,
      "totalCurrentLiabilities": 11164239,
      "assetRetirementObligation": 310809,
      "deferredTaxLiability": 987001,
      "totalLiabilities": 12462049,
      "shareCapital": 47286340,
      "contributedSurplus": 15471123,
      "accumulatedOtherComprehensiveLoss": 30234810,
      "deficit": -69162746,
      "totalShareholdersEquity": 23829527,
      "cashPerShare": 0.0001,
      "workingCapitalPerShare": -0.0193
    },
    "incomeStatement": {
      "heliumAndNaturalGasSalesNet": 98898,
      "mineralAndNaturalGasPropertiesExpense": 958022,
      "stockBasedCompensation": 334308,
      "managementAndConsultingFees": 703257,
      "professionalFees": 105357,
      "investorRelations": 0,
      "interestAndAccretionExpense": 112694,
      "officeAndSundry": 68383,
      "listingAndTransferFees": 4655,
      "rent": 18900,
      "travelAndPromotion": 23766,
      "telephone": 2556,
      "depreciation": 67004,
      "bankCharges": 1792,
      "totalExpenses": 2400694,
      "netLoss": -2301796,
      "basicAndDilutedLossPerShare": 0.0,
      "weightedAverageSharesOutstanding": 572681815
    },
    "cashFlowStatement": {
      "netLoss": -2301796,
      "depreciation": 67004,
      "stockBasedCompensation": 334308,
      "nonCashMineralPropertyExpense": 3553,
      "changeInDepositsAndOtherReceivable": 2097,
      "changeInAccountsPayableAndAccruedLiabilities": 722672,
      "cashUsedInOperatingActivities": -1172162,
      "proceedsFromSaleOfInvestments": 347346,
      "cashFromInvestingActivities": 347346,
      "proceedsFromLoanPayable": 610394,
      "repaymentOfLoanPayable": 0,
      "effectsOfForeignExchange": 287236,
      "cashFromFinancingActivities": 897630,
      "changeInCash": 72814,
      "cashBeginningOfPeriod": 7393,
      "cashEndOfPeriod": 80207
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment",
        "description": "7,783,743 shares of Cyber App Solutions (formerly Proton Green LLC)",
        "ownershipPercentage": null,
        "value": 34647614,
        "notes": "Fair value through OCI, Level 2 hierarchy. Company holds less than 10% interest."
      },
      {
        "type": "Mineral Property",
        "description": "Cumeral Property (gold mining project) in Sonora, Mexico",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Option to acquire 100% interest for US$800,000 plus applicable taxes and 200,000 common shares. Subject to 2% NSR."
      },
      {
        "type": "Mineral Property",
        "description": "Samalayuca Copper Project (Kaity Property) in Chihuahua, Mexico",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired through Samalayuca. Payments of US$1,875,000 with US$25,000 due every six months during exploration. Company committed to exit subsequent to Oct 31, 2025."
      },
      {
        "type": "Mineral Property",
        "description": "Syracuse Helium Project in Kansas, USA",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "69 leases covering 13,760 acres. Subject to 3% royalty to Monarch Petroleum on shallow rights and 50% non-operated working interest in deep rights, plus 12.5% landowner royalties."
      },
      {
        "type": "Mineral Property",
        "description": "Syracuse Extension in Colorado and Kansas",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "17,747 acres in Colorado and 3,320 acres in Kansas. Subject to 2% royalty to seller, 12.5% landowner royalties, and 15% royalty on net proceeds after costs."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 572681815,
      "classesOfShares": [
        "common shares without par value"
      ],
      "warrants": [
        {
          "number": 32500000,
          "exercisePrice": 0.06,
          "expiryDate": "2025-11-03"
        },
        {
          "number": 10000000,
          "exercisePrice": 0.06,
          "expiryDate": "2028-12-30"
        }
      ],
      "options": [
        {
          "number": 83500000,
          "exercisePrice": 0.06,
          "expiryDate": null
        },
        {
          "number": 13900000,
          "exercisePrice": 0.14,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-10-31": {
          "salary": 438220,
          "shareBasedPayments": 240683,
          "total": 678903
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "director and a firm controlled by a director",
          "description": "fees for services provided",
          "amount": 13500,
          "period": "2025-10-31"
        },
        {
          "counterparty": "key management personnel",
          "description": "amounts payable for services rendered and interest payable",
          "amount": 944320,
          "period": "2025-10-31"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Committed to a plan to exit Samalayuca (which holds the Samalayuca Copper Project).",
        "impactValue": null
      }
    ]
  }
]