None
SEDAR Interim Financial Statements
BMV · Price
[
{
"companyName": "BATHURST METALS CORP.",
"balanceSheet": {
"December31_2025": {
"cash": 24829,
"accountsReceivable": 22526,
"prepaidExpenses": 15171,
"marketableSecurities": 51000,
"totalCurrentAssets": 113526,
"reclamationBonds": 23500,
"mineralPropertyInterests": 1751203,
"totalAssets": 1888229,
"accountsPayableAndAccruedLiabilities": 157821,
"dueToRelatedParties": 9218,
"totalCurrentLiabilities": 167039,
"decommissioningObligation": 20000,
"totalLiabilities": 187039,
"capitalStock": 11007689,
"shareBasedPaymentsReserve": 2196452,
"reserves": 259630,
"deficit": -11762581,
"totalShareholdersEquity": 1701190,
"cashPerShare": 0.0006,
"workingCapitalPerShare": -0.0013
},
"September30_2025": {
"cash": 37999,
"accountsReceivable": 17215,
"prepaidExpenses": 16846,
"marketableSecurities": 195750,
"totalCurrentAssets": 267810,
"reclamationBonds": 23500,
"mineralPropertyInterests": 1746008,
"totalAssets": 2037318,
"accountsPayableAndAccruedLiabilities": 228376,
"dueToRelatedParties": 37747,
"totalCurrentLiabilities": 266123,
"decommissioningObligation": 20000,
"totalLiabilities": 286123,
"capitalStock": 11007689,
"shareBasedPaymentsReserve": 2196452,
"reserves": 259630,
"deficit": -11712576,
"totalShareholdersEquity": 1751195,
"cashPerShare": 0.0009,
"workingCapitalPerShare": 0.0000
}
},
"incomeStatement": {
"threeMonthsEndedDecember31_2025": {
"accountingAndAudit": 14142,
"consulting": 10000,
"filingAndListingFees": 1489,
"generalAndOffice": 1464,
"interestAndBankCharges": 827,
"investorsRelations": 234,
"legal": 1616,
"managementFees": 34350,
"marketing": 17305,
"mealsAndEntertainment": null,
"rent": 1500,
"transferAgentFees": 1916,
"travel": null,
"interestIncome": -23,
"shareBasedPayments": null,
"totalExpenses": 84820,
"realizedLossOnMarketableSecurities": 52668,
"unrealizedGainLossOnMarketableSecurities": -87483,
"totalOtherIncomeExpense": -34815,
"lossAndComprehensiveLossForThePeriod": 50005,
"lossPerShareBasicAndDiluted": 0.001,
"weightedAverageNumberOfCommonSharesOutstanding": 41423694
},
"threeMonthsEndedDecember31_2024": {
"accountingAndAudit": 11291,
"consulting": null,
"filingAndListingFees": 2101,
"generalAndOffice": 625,
"interestAndBankCharges": 172,
"investorsRelations": 13252,
"legal": null,
"managementFees": 31563,
"marketing": 15000,
"mealsAndEntertainment": 83,
"rent": 1500,
"transferAgentFees": null,
"travel": 41,
"interestIncome": -26,
"shareBasedPayments": 11672,
"totalExpenses": 87274,
"realizedLossOnMarketableSecurities": 16788,
"unrealizedGainLossOnMarketableSecurities": 73092,
"totalOtherIncomeExpense": 89880,
"lossAndComprehensiveLossForThePeriod": 177154,
"lossPerShareBasicAndDiluted": 0.005,
"weightedAverageNumberOfCommonSharesOutstanding": 34480360
}
},
"cashFlowStatement": {
"threeMonthsEndedDecember31_2025": {
"netLossForThePeriod": -50005,
"shareBasedPayments": null,
"unrealizedGainLossOnMarketableSecurities": -87483,
"realizedLossOnMarketableSecurities": 52668,
"itemsNotAffectingCash": -84820,
"changesInAccountsReceivable": -5311,
"changesInPrepaidExpenses": 1675,
"changesInAccountsPayableAndAccruedLiabilities": -71625,
"changesInDueToRelatedParties": -32654,
"cashUsedInOperatingActivities": -192735,
"acquisitionOfMineralPropertyInterests": null,
"proceedsOnSaleOfMarketableSecurities": 179565,
"cashProvidedByUsedInInvestingActivities": 179565,
"decreaseInCash": -13170,
"cashBeginningOfPeriod": 37999,
"cashEndOfPeriod": 24829,
"nonCashInvestmentInMineralAssetsAccruedInAccountsPayableAndAccruedLiabilities": 1070,
"nonCashInvestmentInMineralAssetsAccruedInDueToRelatedParties": 1125,
"nonCashAcquisitionOfMineralPropertyInterestsInAccountsPayableAndAccruedLiabilities": null,
"nonCashAcquisitionOfMineralPropertyInterestsInDueToRelatedParties": 3000,
"cashPaidForIncomeTaxes": null,
"cashPaidForInterest": 6188
},
"threeMonthsEndedDecember31_2024": {
"netLossForThePeriod": -177154,
"shareBasedPayments": 11672,
"unrealizedGainLossOnMarketableSecurities": 73092,
"realizedLossOnMarketableSecurities": 16788,
"itemsNotAffectingCash": -75602,
"changesInAccountsReceivable": -9029,
"changesInPrepaidExpenses": 16530,
"changesInAccountsPayableAndAccruedLiabilities": 19510,
"changesInDueToRelatedParties": 18585,
"cashUsedInOperatingActivities": -30006,
"acquisitionOfMineralPropertyInterests": -63860,
"proceedsOnSaleOfMarketableSecurities": 14120,
"cashProvidedByUsedInInvestingActivities": -49740,
"decreaseInCash": -79746,
"cashBeginningOfPeriod": 80690,
"cashEndOfPeriod": 944,
"nonCashInvestmentInMineralAssetsAccruedInAccountsPayableAndAccruedLiabilities": 41,
"nonCashInvestmentInMineralAssetsAccruedInDueToRelatedParties": null,
"nonCashAcquisitionOfMineralPropertyInterestsInAccountsPayableAndAccruedLiabilities": 5105,
"nonCashAcquisitionOfMineralPropertyInterestsInDueToRelatedParties": 9425,
"cashPaidForIncomeTaxes": null,
"cashPaidForInterest": null
}
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Shares of SPC Nickel Corp. held as marketable securities.",
"value": 51000,
"notes": "At December 31, 2025, the company held 600,000 shares of SPC Nickel Corp. with a fair value of $51,000."
},
{
"type": "Mineral Property Interest",
"description": "Gela Lake Project, Nunavut, Canada - 100% owned, subject to an option agreement with Quinto Resources Inc.",
"value": 125712,
"notes": "Option agreement grants Quinto exclusive right to acquire 100% interest. Company to receive cash, shares of Quinto, and retains a 1% NSR buy-back right."
},
{
"type": "Mineral Property Interest",
"description": "Turner Lake/TED Project, Nunavut, Canada - 100% owned.",
"value": 512213,
"notes": "Subject to a 1% NSR reserved on the T1 claim, purchasable for $1,000,000."
},
{
"type": "Mineral Property Interest",
"description": "McGregor/Speers Lake Project, Nunavut, Canada - 100% owned, subject to an option agreement with SPC Nickel Corp.",
"value": null,
"notes": "Option agreement grants SPC the right to acquire 100% interest. If exercised, company receives cash, SPC shares, and a 1% NSR (0.5% purchasable for $5,000,000)."
},
{
"type": "Mineral Property Interest",
"description": "Peerless Mineral Claims, British Columbia, Canada - Option to acquire 100% interest.",
"value": 882990,
"notes": "Subject to a 2.5% NSR, with right to buy back 1% for $1,000,000."
},
{
"type": "Mineral Property Interest",
"description": "Merry May Project, British Columbia, Canada - Option to acquire 100% interest.",
"value": 228093,
"notes": "Subject to a 1% NSR, purchasable for US$1,000,000."
},
{
"type": "Royalty",
"description": "Net Smelter Return (NSR) royalties on various properties.",
"value": null,
"notes": "Multiple properties have retained NSRs (1% on Turner Lake, 1% on McGregor/Speers if option exercised, 2.5% on Peerless, 1% on Merry May). Some include buy-back provisions."
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value. Unlimited Class A cumulative shares ($1 par). Unlimited Class B non-cumulative shares ($5 par).",
"issuedShares": 41423694,
"classesOfShares": ["Common"],
"warrants": [
{
"number": 2516667,
"exercisePrice": 0.15,
"expiryDate": "July 22, 2037"
},
{
"number": 2026667,
"exercisePrice": 0.15,
"expiryDate": "August 13, 2027"
}
],
"options": [
{
"number": 250000,
"exercisePrice": 0.1,
"expiryDate": "January 31, 2027"
},
{
"number": 980000,
"exercisePrice": 0.1,
"expiryDate": "November 5, 2030"
},
{
"number": 320000,
"exercisePrice": 0.1,
"expiryDate": "January 27, 2032"
},
{
"number": 1000000,
"exercisePrice": 0.1,
"expiryDate": "March 28, 2033"
},
{
"number": 200000,
"exercisePrice": 0.1,
"expiryDate": "January 31, 2034"
},
{
"number": 200000,
"exercisePrice": 0.05,
"expiryDate": "October 8, 2034"
},
{
"number": 200000,
"exercisePrice": 0.055,
"expiryDate": "February 12, 2035"
}
],
"rights": null,
"convertibleInstruments": null,
"notes": "Stock options were repriced on June 24, 2025. Flow-through shares were issued in the past with associated expenditure obligations."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedDecember31_2025": {
"salariesAndBenefits": 24000,
"shareBasedCompensation": null,
"cashBonus": null,
"nonCashBenefits": null,
"pensionAndOther": null,
"severance": null,
"totalRemuneration": 24000,
"notes": "Management fees only. Geological consulting fees capitalized to properties."
},
"threeMonthsEndedDecember31_2024": {
"salariesAndBenefits": 24000,
"shareBasedCompensation": null,
"cashBonus": null,
"nonCashBenefits": null,
"pensionAndOther": null,
"severance": null,
"totalRemuneration": 24000,
"notes": "Management fees only. Geological consulting fees capitalized to properties."
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Company controlled by Officer",
"description": "Geological consulting fees capitalized to mineral properties",
"amount": 2500,
"period": "threeMonthsEndedDecember31_2025"
},
{
"counterparty": "Companies controlled by Officers",
"description": "Geological consulting fees capitalized to mineral properties",
"amount": 27660,
"period": "threeMonthsEndedDecember31_2024"
},
{
"counterparty": "Officers and Directors",
"description": "Expenses paid by related parties",
"amount": 2837,
"period": "threeMonthsEndedDecember31_2025"
},
{
"counterparty": "Companies controlled by Officers",
"description": "Expenses paid by related parties",
"amount": 2000,
"period": "threeMonthsEndedDecember31_2025"
},
{
"counterparty": "Officers and Directors",
"description": "Expenses paid by related parties",
"amount": 20682,
"period": "threeMonthsEndedDecember31_2024"
},
{
"counterparty": "Companies controlled by Officers",
"description": "Expenses paid by related parties",
"amount": 375,
"period": "threeMonthsEndedDecember31_2024"
}
],
"balancesDueToRelatedParties": {
"December31_2025": 9218,
"December31_2024": null
}
}
}
]
More from Bathurst Metals Corp.
Jun 17, 2026 · 04:00