None
SEDAR Interim Financial Statements
ARGL · Price
[
{
"metadata": {
"companyName": "Argyle Resources Corp.",
"reportingPeriodEnd": "2025-11-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": []
},
"balanceSheet": {
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"totalCurrentAssets": 2287255,
"explorationAndEvaluationAssets": 1110350,
"totalAssets": 3397605,
"accountsPayableAndAccruedLiabilities": 130393,
"flowThroughShareLiability": 29379,
"totalCurrentLiabilities": 159772,
"totalLiabilities": 159772,
"shareCapital": 10888860,
"reserveForWarrants": 2115990,
"reserveForRestrictedShareUnits": 90000,
"contributedSurplus": 1152713,
"accumulatedDeficit": -11009730,
"totalShareholdersEquity": 3237833,
"totalLiabilitiesAndShareholdersEquity": 3397605,
"cashPerShare": 0.0208,
"workingCapitalPerShare": 0.0450
},
"incomeStatement": {
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"consultingAndDirectorFees": 49869,
"advertisingAndPromotionalExpenses": 4153,
"generalAndAdministrativeExpenses": 14527,
"explorationExpenditures": 2199093,
"filingFees": 22743,
"salariesAndWages": 6683,
"shareBasedCompensation": 1107,
"lossBeforeOtherItems": -2348128,
"premiumOnFlowThroughShares": 82031,
"interestIncome": 4763,
"impairmentOfMineralProperty": null,
"listingCost": -3659,
"foreignExchangeGainLoss": 26,
"totalOtherIncomeExpenses": 83161,
"netLoss": -2264967,
"weightedAverageSharesOutstanding": 51908698,
"netLossPerShare": -0.04
},
"nineMonthEndedNov302025": {
"professionalFees": 227737,
"consultingAndDirectorFees": 145070,
"advertisingAndPromotionalExpenses": 2508463,
"generalAndAdministrativeExpenses": 29058,
"explorationExpenditures": 2621545,
"filingFees": 71131,
"salariesAndWages": 20048,
"shareBasedCompensation": 879382,
"lossBeforeOtherItems": -6502434,
"premiumOnFlowThroughShares": 93718,
"interestIncome": 16323,
"impairmentOfMineralProperty": null,
"listingCost": -11202,
"foreignExchangeGainLoss": -15727,
"totalOtherIncomeExpenses": 83112,
"netLoss": -6419322,
"weightedAverageSharesOutstanding": 47262205,
"netLossPerShare": -0.14
}
},
"cashFlowStatement": {
"nineMonthEndedNov302025": {
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"premiumOnFlowThroughShares": -93718,
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"impairmentOfMineralProperty": null,
"changesInPrepaidExpenses": -273423,
"changesInAccountsReceivable": 44561,
"changesInAccountsPayableAndAccruedLiabilities": -39162,
"cashUsedInOperatingActivities": -5901682,
"paymentsForExplorationAndEvaluationAssets": -32482,
"cashUsedInInvestingActivities": -32482,
"privatePlacementProceeds": 3512800,
"shareIssuanceCosts": -174876,
"proceedsFromWarrantExercise": 1025223,
"proceedsFromOptionExercise": 132000,
"cashProvidedByFinancingActivities": 4495147,
"increaseInCash": -1439017,
"cashBeginningOfPeriod": 2420653,
"cashEndOfPeriod": 981636
}
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Property",
"description": "Charlevoix Silica Property, Quebec - 100% undivided interest",
"ownershipPercentage": 100,
"value": 727500,
"notes": "Acquired for $150,000 cash and 750,000 common shares"
},
{
"type": "Mineral Property",
"description": "St. Gabriel Silica Project, Quebec - 23 contiguous mineral claims",
"ownershipPercentage": 100,
"value": 230000,
"notes": "Acquired for $65,000 cash and 300,000 common shares; subject to 2% NSR royalty"
},
{
"type": "Mineral Property",
"description": "Clay Howell Rare Earths Project - Option to acquire 100% interest",
"ownershipPercentage": null,
"value": 88000,
"notes": "Option agreement with cash and share payments; subject to 1.5% NSR royalty"
},
{
"type": "Mineral Property",
"description": "Bovill Silica Project, Idaho - 22 mineral lode claims",
"ownershipPercentage": null,
"value": null,
"notes": "Exploration partner filed claims with BLM; application processing"
},
{
"type": "Subsidiary",
"description": "Idaho Silica Corp.",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly-owned subsidiary"
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 53508149,
"classesOfShares": ["common shares"],
"warrants": [
{
"number": 950000,
"exercisePrice": 0.10,
"expiryDate": "2026-05-27"
},
{
"number": 92000,
"exercisePrice": 0.20,
"expiryDate": "2026-05-27"
},
{
"number": 1922500,
"exercisePrice": 0.45,
"expiryDate": "2026-06-18"
},
{
"number": 1286000,
"exercisePrice": 0.50,
"expiryDate": "2026-06-18"
},
{
"number": 658821,
"exercisePrice": 1.05,
"expiryDate": "2026-11-29"
},
{
"number": 1967281,
"exercisePrice": 0.65,
"expiryDate": "2026-12-23"
},
{
"number": 2131200,
"exercisePrice": 0.53,
"expiryDate": "2027-02-14"
},
{
"number": 300000,
"exercisePrice": 0.53,
"expiryDate": "2027-02-21"
},
{
"number": 555555,
"exercisePrice": 0.65,
"expiryDate": "2027-03-07"
},
{
"number": 1054000,
"exercisePrice": 0.61,
"expiryDate": "2027-06-06"
},
{
"number": 1653731,
"exercisePrice": 0.68,
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},
{
"number": 2584000,
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"expiryDate": "2027-10-28"
}
],
"options": [
{
"number": 1500000,
"exercisePrice": 0.92,
"expiryDate": "2029-08-12"
},
{
"number": 300000,
"exercisePrice": 0.44,
"expiryDate": "2030-02-24"
},
{
"number": 250000,
"exercisePrice": 0.56,
"expiryDate": "2030-04-01"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedNov302025": {
"managementSalariesAndConsultingFees": 58500,
"stockBasedCompensation": 0
},
"nineMonthsEndedNov302025": {
"managementSalariesAndConsultingFees": 137500,
"stockBasedCompensation": 406323
}
},
"namedIndividuals": [
{
"name": null,
"title": "CEO and Director",
"period": "Nine months ended November 30, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 72000
}
},
{
"name": null,
"title": "CFO",
"period": "Nine months ended November 30, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 32500
}
},
{
"name": null,
"title": "Directors",
"period": "Nine months ended November 30, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 33000
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company owned by CEO and Director",
"description": "Consulting fees",
"amount": 10306,
"period": "As at November 30, 2025"
},
{
"counterparty": "Company owned by CFO",
"description": "Consulting fees",
"amount": 3647,
"period": "As at November 30, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2025-12-30",
"description": "Completed non-brokered private placement of 2,000,000 FT Units at $0.15 per unit for gross proceeds of $300,000. Each FT Unit consists of one FT Share and one-half of one FT Warrant exercisable at $0.20 for 24 months.",
"impactValue": 300000
}
]
}
]
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