SEDAR Interim Financial Statements

[
  {
    "companyName": "Lexston Mining Corporation",
    "reportingPeriodEnd": "2025-11-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 17465,
      "accountsReceivable": 6439,
      "prepaidExpensesAndAdvances": 362210,
      "totalCurrentAssets": 386114,
      "investment": 1,
      "propertyAndEquipment": 1,
      "explorationAndEvaluationAssets": 539750,
      "totalNonCurrentAssets": 539752,
      "totalAssets": 925866,
      "accountsPayableAndAccruedLiabilities": 131014,
      "dueToRelatedParty": 0,
      "loansPayable": 8000,
      "totalCurrentLiabilities": 139014,
      "shareCapital": 7039753,
      "shareBasedPaymentReserves": 209432,
      "deficit": -6462333,
      "totalShareholdersEquity": 786852,
      "totalLiabilitiesAndShareholdersEquity": 925866,
      "cashPerShare": 0.0009,
      "workingCapitalPerShare": 0.0131
    },
    "incomeStatement": {
      "advertisingAndPromotion": 206035,
      "consultingFees": 180470,
      "explorationAndEvaluationExpenditures": 0,
      "managementFees": 70000,
      "officeAndMiscellaneous": 925,
      "professionalFees": 44906,
      "regulatoryAndTransferAgentFees": 29498,
      "shareBasedCompensation": 174850,
      "travel": 0,
      "lossFromContinuingOperations": -706684,
      "lossFromDiscontinuedOperations": -39010,
      "netLossAndComprehensiveLoss": -745694,
      "lossPerShareBasicAndDiluted": -0.04,
      "weightedAverageSharesOutstandingBasicAndDiluted": 18843304
    },
    "cashFlowStatement": {
      "netLoss": -745694,
      "shareBasedCompensation": 174850,
      "changesInAccountsReceivable": -2900,
      "changesInPrepaidExpensesAndAdvances": -201086,
      "changesInAccountsPayableAndAccruedLiabilities": -5802,
      "netCashUsedInOperatingActivities": -780632,
      "proceedsFromLoansPayable": -4000,
      "proceedsFromRelatedParty": -60000,
      "proceedsFromPrivatePlacement": 625235,
      "shareIssuanceCosts": -10460,
      "proceedsFromExerciseOfOptions": 0,
      "proceedsFromExerciseOfWarrants": 245000,
      "netCashProvidedByFinancingActivities": 795775,
      "changeInCash": 15143,
      "cashBeginningOfPeriod": 2322,
      "cashEndOfPeriod": 17465
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Investment in other entity",
        "description": "750,000 Class C non-voting common shares of Psy Integrated Health Inc., a private company",
        "ownershipPercentage": 13,
        "value": 1,
        "notes": "No voting rights, board representation, or involvement in day-to-day operations. Recorded at FVTPL."
      },
      {
        "type": "Mineral Property",
        "description": "Dory Property, British Columbia (4 mineral claims)",
        "ownershipPercentage": 51,
        "value": 123750,
        "notes": "Option agreement to earn 100% interest. Subject to 2% NSR royalty, 1/2 repurchasable for $1,000,000."
      },
      {
        "type": "Mineral Property",
        "description": "Garfield Hills Property, Nevada (128 mineral claims)",
        "ownershipPercentage": 0,
        "value": 416000,
        "notes": "Option agreement to earn 100% interest. Subject to 1.5% NSR royalty, 1.0% repurchasable for $150,000."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 18843304,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 501661,
          "exercisePrice": 0.8,
          "expiryDate": "2026-05-15"
        },
        {
          "number": 1377754,
          "exercisePrice": 0.75,
          "expiryDate": "2027-07-04"
        }
      ],
      "options": [
        {
          "number": 730000,
          "exercisePrice": 0.14,
          "expiryDate": "2030-06-27"
        },
        {
          "number": 700000,
          "exercisePrice": 0.155,
          "expiryDate": "2030-07-22"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthPeriodEndedNovember302025": {
          "consultingFees": 0,
          "managementFees": 70000,
          "shareBasedCompensation": 64496,
          "total": 134496
        }
      },
      "namedIndividuals": [
        {
          "name": "Jagdip Bal",
          "title": "Director",
          "period": "sixMonthPeriodEndedNovember302025",
          "components": {
            "salary": null,
            "bonus": null,
            "total": null
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company controlled by a director",
          "description": "Due to related party, unsecured, non-interest bearing, due on demand",
          "amount": 0,
          "period": "As at November 30, 2025"
        },
        {
          "counterparty": "Insider (Jagdip Bal)",
          "description": "Participation in private placement",
          "amount": 10200,
          "period": "Six-month period ended November 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-12-17",
        "description": "Appointment of Buddy Doyle to Advisory Board and grant of 400,000 incentive stock options at $0.115 per share exercisable for five years.",
        "impactValue": null
      },
      {
        "eventDate": "2025-12-24",
        "description": "Announced non-brokered private placement to raise up to $500,000 through issuance of up to 6,250,000 units at $0.08 per unit (each unit: one common share and one warrant exercisable at $0.10 for five years).",
        "impactValue": 500000
      }
    ]
  }
]