None
SEDAR Interim Financial Statements
LINE · Price
[
{
"companyName": "Linear Minerals Corp.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 473409,
"amountsReceivableAndPrepaidExpenses": 204459,
"marketableSecurities": 0,
"totalCurrentAssets": 677868,
"reclamationDeposits": 11000,
"equipment": 972,
"explorationAndEvaluationAssets": 5956076,
"totalNonCurrentAssets": 5968048,
"totalAssets": 6645916,
"accountsPayableAndAccruedLiabilities": 515254,
"dueToRelatedParties": 111037,
"flowThroughSharePremiumLiability": 124474,
"totalLiabilities": 750765,
"shareCapital": 60180403,
"shareSubscriptions": 475000,
"warrantsReserve": 2834521,
"shareBasedPaymentsReserve": 3020382,
"deficit": -60615155,
"totalShareholdersEquity": 5895151,
"totalLiabilitiesAndShareholdersEquity": 6645916,
"cashPerShare": 0.0073,
"workingCapitalPerShare": -0.0011
},
"incomeStatement": {
"consultingFees": 1000,
"explorationAndEvaluationCosts": 623510,
"generalAndAdministrative": 67761,
"investorRelations": 5328,
"professionalFees": 120564,
"salariesFeesAndBenefits": 214650,
"shareholderCommunications": 95525,
"shareBasedPayments": 90000,
"lossBeforeOtherIncome": -1218338,
"interestAndOtherIncome": 8830,
"gainLossOnMarketableSecurities": -21679,
"flowThroughRecovery": 108733,
"totalOtherItems": 95884,
"netLossAndComprehensiveLoss": -1122454,
"lossPerShareBasicAndDiluted": -0.02,
"weightedAverageNumberOfSharesOutstandingBasicAndDiluted": 65252267
},
"cashFlowStatement": {
"operatingActivities": {
"netLoss": -1122454,
"amortization": 364,
"shareBasedPayments": 90000,
"unrealizedGainLossOnMarketableSecurities": 21643,
"flowThroughRecovery": -93733,
"changesInNonCashWorkingCapital": {
"amountsReceivableAndPrepaidExpenses": -48624,
"accountsPayableAndAccruedLiabilities": -21011,
"dueToRelatedParties": -31852
},
"netCashUsedInOperatingActivities": -1205667
},
"investingActivities": {
"proceedsFromSaleOfMarketableSecurities": 102269,
"explorationAndEvaluationAssets": 0,
"netCashUsedInInvestingActivities": 102269
},
"financingActivities": {
"proceedsFromFinancingNetOfShareIssueCosts": 150000,
"shareSubscriptionsReceivedInAdvance": 475000,
"netCashFromFinancingActivities": 625000
},
"netDecreaseInCash": -478398,
"cashBeginning": 951807,
"cashEnd": 473409
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Shares of Battery Age Minerals Ltd. - sold during period",
"ownershipPercentage": null,
"value": 0,
"notes": "All shares sold, realized loss of $21,679"
},
{
"type": "Reclamation Deposits",
"description": "Cash deposits for reclamation obligations",
"ownershipPercentage": null,
"value": 11000,
"notes": ""
},
{
"type": "Mineral/Resource Properties",
"description": "Exploration and evaluation assets - various lithium properties",
"ownershipPercentage": null,
"value": 5956076,
"notes": "Includes Abitibi, Augustus, Canadian, Electron, McNeely, Rose West, Rose East. Pontax West transferred to Westlinear in Nov 2025."
},
{
"type": "Joint Venture",
"description": "Electron Lithium Property - joint venture with Infini Resources",
"ownershipPercentage": 50,
"value": null,
"notes": "Infini earned 50% interest but did not exercise further option. Joint venture formed."
},
{
"type": "Joint Venture",
"description": "Falcon Lake Property - joint venture with Battery Age Minerals",
"ownershipPercentage": 10,
"value": null,
"notes": "Battery Age earned 90% interest. Linear retains 10%."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value",
"issuedShares": 71335286,
"classesOfShares": ["Common Shares"],
"warrants": [],
"options": [
{ "number": 694737, "exercisePrice": 0.80, "expiryDate": "2026-02-09" },
{ "number": 342105, "exercisePrice": 1.33, "expiryDate": "2026-02-11" },
{ "number": 223684, "exercisePrice": 1.33, "expiryDate": "2026-05-14" },
{ "number": 236842, "exercisePrice": 0.95, "expiryDate": "2026-07-13" },
{ "number": 63158, "exercisePrice": 1.33, "expiryDate": "2027-01-06" },
{ "number": 2000000, "exercisePrice": 0.59, "expiryDate": "2028-06-04" },
{ "number": 1200000, "exercisePrice": 0.18, "expiryDate": "2028-04-26" }
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": [
{
"period": "nine months ended December 31, 2025",
"components": {
"consultingFees": 1000,
"salariesFeesAndBenefits": 89150,
"shareBasedPayments": 0
}
},
{
"period": "nine months ended December 31, 2024",
"components": {
"consultingFees": 0,
"salariesFeesAndBenefits": 71550,
"shareBasedPayments": -68360
}
}
],
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Directors and officers",
"description": "Amounts due to related parties",
"amount": 111037,
"period": "as at December 31, 2025"
},
{
"counterparty": "Companies controlled by directors and officers",
"description": "Amounts due",
"amount": 111037,
"period": "as at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "After December 31, 2025",
"description": "Closed non-brokered private placement of 9,500,000 units at $0.05 per unit for gross proceeds of $475,000. Each unit consists of one common share and one warrant exercisable at $0.25 for one year.",
"impactValue": 475000
},
{
"eventDate": "After December 31, 2025",
"description": "1,036,842 stock options expired unexercised.",
"impactValue": null
},
{
"eventDate": "After December 31, 2025",
"description": "Issued 1,250,000 common shares pursuant to Rose East Lithium property option agreement and 2,250,000 common shares pursuant to Lac Coulombre property option agreement.",
"impactValue": null
}
]
}
]
More from Linear Minerals Corp
Jun 08, 2026 · 19:40