None
SEDAR Interim Financial Statements
ZNX · Price
[
{
"companyName": "ZincX Resources Corp.",
"reportingPeriodEnd": "2025-09-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"currentAssets": {
"cash": 646429,
"receivables": 7397,
"prepaidExpenses": 34757
},
"otherAssets": 332500,
"equipment": 70686,
"explorationAndEvaluationAssets": 24258009,
"totalCurrentAssets": 688583,
"totalCurrentLiabilities": 1434011,
"totalAssets": 25349778,
"currentLiabilities": {
"tradesPayableAndAccruedLiabilities": 35325,
"dueToRelatedParties": 1398686
},
"nonCurrentLiabilities": {
"convertibleNote": 460539
},
"totalLiabilities": 1894550,
"equity": {
"capitalStock": 104328003,
"reserves": 15807363,
"deficit": -96680138
},
"totalEquity": 23455228,
"workingCapital": -745428,
"cashPerShare": 0.0034,
"workingCapitalPerShare": -0.0040
},
"incomeStatement": {
"revenues": 0,
"expenses": {
"administration": 15000,
"accretionExpense": 6175,
"depreciationOfOfficeEquipment": 88,
"exploration": 10800,
"interestExpense": 6301,
"marketingAndPublicRelations": 25714,
"officeAndMiscellaneous": 12,
"professionalFees": 3099,
"regulatoryAndTransferAgentFees": 6184,
"rent": 18134,
"shareBasedCompensationReversal": -5208,
"travelAndPromotion": 236,
"wagesAndBenefits": 46726
},
"totalExpenses": 147295,
"lossBeforeOtherItems": -147295,
"otherItems": {
"interestIncome": 7007,
"otherIncome": 6
},
"totalOtherItems": 7007,
"lossAndComprehensiveLoss": -130288,
"earningsPerShareBasic": -0.0007,
"earningsPerShareDiluted": -0.0007,
"weightedAverageSharesOutstandingBasic": 187896141,
"weightedAverageSharesOutstandingDiluted": 187896141
},
"cashFlowStatement": {
"operatingActivities": {
"lossForThePeriod": -130288,
"depreciationOfOfficeEquipment": 4421,
"shareBasedCompensationReversal": -5208,
"accruedInterestOnConvertibleNote": 6301,
"accretionExpenseOnConvertibleNote": 6175,
"changesInNonCashWorkingCapital": {
"receivables": -2364,
"prepaidExpenses": -17684,
"tradesPayableAndAccruedLiabilities": -19785,
"dueToRelatedParties": -1000
},
"netCashUsedInOperatingActivities": -159432
},
"investingActivities": {
"purchaseOfEquipment": 0,
"explorationAndEvaluationAsset": 100000,
"netCashGeneratedUsedInInvestingActivities": 100000
},
"financingActivities": {},
"changeInCashDuringPeriod": -59432,
"cashBeginningOfPeriod": 705861,
"cashEndOfPeriod": 646429
},
"investmentsAndOtherAssets": [
{
"type": "Security Deposit",
"description": "Reclamation bonds posted with Government of British Columbia for Akie and Kechika Regional properties",
"ownershipPercentage": null,
"value": 332500,
"notes": "Held in GICs, interest rate prime minus 2.95% with minimum 0.25%"
},
{
"type": "Mineral Property",
"description": "Akie Property, British Columbia - Cardiac Creek SEDEX Zn-Pb-Ag deposit",
"ownershipPercentage": 100,
"value": 24165241,
"notes": "100% owned, flagship exploration project"
},
{
"type": "Mineral Property",
"description": "Kechika Regional project (including Pie and Mt. Alcock properties)",
"ownershipPercentage": 100,
"value": 92768,
"notes": "Subject to 1.0% net smelter royalty on Mt. Alcock property"
},
{
"type": "Joint Venture",
"description": "Pie, Cirque East and Yuen properties (part of Kechika Regional Project) with Teck Resources Limited and Korea Zinc",
"ownershipPercentage": 49,
"value": null,
"notes": "Teck acts as operator under 49%-51% joint venture arrangement"
},
{
"type": "Option Agreement",
"description": "Kechika North Project option agreement with arm's length third party",
"ownershipPercentage": null,
"value": null,
"notes": "Optionee may acquire 100% for $3,000,000; $100,000 partial payment received; exercise date extended to August 11, 2026"
},
{
"type": "Wholly Owned Subsidiary",
"description": "Ecstall Mining Corp.",
"ownershipPercentage": 100,
"value": null,
"notes": "Consolidated subsidiary incorporated in British Columbia"
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 187896141,
"classesOfShares": [
"common shares without par value"
],
"warrants": [],
"options": [
{
"number": 60000,
"exercisePrice": 0.33,
"expiryDate": "2026-07-03"
},
{
"number": 700000,
"exercisePrice": 0.12,
"expiryDate": "2026-07-03"
},
{
"number": 110000,
"exercisePrice": 0.4,
"expiryDate": "2026-09-13"
},
{
"number": 395000,
"exercisePrice": 0.12,
"expiryDate": "2026-09-13"
},
{
"number": 80000,
"exercisePrice": 0.3,
"expiryDate": "2028-02-09"
},
{
"number": 650000,
"exercisePrice": 0.12,
"expiryDate": "2028-02-09"
},
{
"number": 2475000,
"exercisePrice": 0.12,
"expiryDate": "2030-02-06"
},
{
"number": 3750000,
"exercisePrice": 0.1,
"expiryDate": "2033-09-23"
},
{
"number": 300000,
"exercisePrice": 0.1,
"expiryDate": "2033-09-23"
},
{
"number": 4250000,
"exercisePrice": 0.1,
"expiryDate": "2032-03-04"
},
{
"number": 150000,
"exercisePrice": 0.1,
"expiryDate": "2032-03-04"
}
],
"rightsConvertibleInstruments": "Convertible note: $500,000 principal, 5% interest, maturing January 23, 2028, convertible at $0.105 per share"
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-09-30": {
"explorationAndEvaluationExpenditures": 0,
"administrativeFees": 15000,
"otherEmploymentBenefits": 6473,
"shareBasedCompensationReversal": -8343,
"total": 13130
},
"2024-09-30": {
"explorationAndEvaluationExpenditures": 20160,
"administrativeFees": 15000,
"otherEmploymentBenefits": 6473,
"shareBasedCompensation": 2044,
"total": 43677
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Varshney Capital Corp.",
"description": "Management and administrative services",
"amount": 15000,
"period": "2025-09-30"
},
{
"counterparty": "Tongling Non-Ferrous Metals",
"description": "Advance for drill program on Akie Property",
"amount": 1398686,
"period": "2020"
}
]
},
"subsequentEvents": []
}
]
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