SEDAR Interim Financial Statements

First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 1 of 10 First Helium Inc. Interim Condensed Consolidated Financial Statements – December 31, 2025 (unaudited) NOTICE OF NON-REVIEW OF CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS In accordance with National Instrument 51‐102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed interim consolidated financial statements, they must be accompanied by a notice indicating that these condensed interim consolidated financial statements have not been reviewed by an auditor. The accompanying unaudited condensed interim consolidated financial statements of the Company have been prepared by and are the responsibility of the Company's management. The attached condensed interim consolidated financial statements for the nine months ended December 31, 2025 have not been reviewed by the Company’s auditors. First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 2 of 10 First Helium Inc. Interim Condensed Consolidated Balance Sheets Cdn$ As at December 31, March 31, 2025 2025 ASSETS Current assets Cash and cash equivalents $ 1,748 $ 834,199 Accounts receivable (Note 8) 42,962 220,989 Prepaids and deposits 104,385 245,513 149,095 1,300,701 Long-term deposit (Note 6) 517,629 472,814 Exploration and evaluation (Note 4) 14,194,362 14,194,362 Property, plant and equipment (Note 5) 790,810 684,207 $ 15,651,896 $ 16,652,084 LIABILITIES Current liabilities Accounts payable and accrued liabilities $ 2,951,008 $ 3,824,947 2,951,008 3,824,947 Asset retirement obligations (Note 6) 1,484,331 1,305,773 4,435,339 5,130,720 SHAREHOLDERS' EQUITY Shareholders' capital (Note 7) 27,133,833 27,133,833 Share subscriptions advance (Note 10) 1,000,000 - Contributed surplus (Note 7) 3,374,995 3,374,995 Deficit (20,292,271) (18,987,464) 11,216,557 11,521,364 $ 15,651,896 $ 16,652,084 Going concern (Note 2) See accompanying notes to the interim condensed consolidated financial statements. On behalf of the Board of Directors: “Signed” “Signed” Edward Bereznicki Todd Holmstrom Director Director First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 3 of 10 First Helium Inc. Consolidated Statements of Loss and Comprehensive Loss Cdn$ Three months ended Three months ended Nine months ended Nine months ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 REVENUES Petroleum revenue (Note 9) - 20,110 - 292,999 Royalties - 8,724 - (28,654) - 28,834 - 264,345 EXPENSES Operating expense 62,512 71,408 152,117 366,881 Transportation - 2,008 - 25,214 Personnel 209,694 185,066 564,315 620,421 General and administrative 14,874 26,965 76,580 90,763 Investor relations and marketing 64,477 189,236 277,690 473,563 Professional fees 14,751 33,231 47,849 59,640 Software and office 55,789 43,613 145,409 149,361 Interest income 3,876 (4,728) (3,672) (12,225) Share-based compensation (Note 7) - - - 193,869 Depletion and amortization (Note 5) - 34,824 - 311,296 Accretion expense (Note 6) 14,458 21,035 44,519 38,140 440,431 602,658 1,304,807 2,316,923 Net and comprehensive loss (440,431) (573,824) (1,304,807) (2,052,578) Net loss per share - basic and diluted (0.00) (0.00) (0.01) (0.01) Weighted average shares - basic and diluted 213,899,024 194,775,834 213,899,024 166,408,649 See accompanying notes to the interim condensed consolidated financial statements. Consolida --- ted Statements of Changes in Shareholders’ Equity Shareholders' capital Share subscription advance Contributed surplus Deficit Total Equity Balance at March 31, 2024 $ 21,350,450 2,417,800 2,107,736 (12,241,709) 13,634,277 Issued from private placement, net 5,783,383 (2,417,800) 21,900 - 3,387,483 Warrants reserve (Note 8) - 910,000 - 910,000 Share-based compensation - - 335,359 - 335,359 Net loss for the year - - - (6,745,755) (6,745,755) Balance at March 31, 2025 $ 27,133,833 - 3,374,995 (18,987,464) 11,521,364 Shareholders' capital Share subscription advance Contributed surplus Deficit Total Equity Balance at March 31, 2025 $ 27,133,833 - 3,374,995 (18,987,464) 11,521,364 Share subscription advance - 1,000,000 - - 1,000,000 Net loss for the period - - - (1,304,807) (1,304,807) Balance at December 31, 2025 $ 27,133,833 1,000,000 3,374,995 (20,292,271) 11,216,557 See accompanying notes to the interim condensed consolidated financial statements. First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 4 of 10 First Helium Inc. Interim Condensed Consolidated Statements of Cash Flows Cdn$ Three months ended Three months ended Nine months ended Nine months ended December 31, December 31, December 31, December 31, 2025 2024 2025 2024 OPERATING ACTIVITIES Net loss (440,431) (573,824) (1,304,807) (2,052,578) Items not involving cash: Share-based compensation - - - 193,869 Depletion (Note 5) - 19,000 - 248,000 Amortization - 15,824 - 63,296 Accretion expense (Note 6) 14,458 21,035 44,519 38,140 (425,973) (517,965) (1,260,288) (1,509,273) Changes in non-cash working capital (Note 11) 283,774 (488,214) 946,113 (8,597) (142,199) (1,006,179) (314,175) (1,517,870) FINANCING ACTIVITIES Issuance of shares (Note 7) - 3,661,900 - 4,552,750 Subscription advances (Note 10) 60,000 (36,660) 1,000,000 (255,267) 60,000 3,625,240 1,000,000 4,297,483 INVESTING ACTIVITIES Expenditures on exploration & evaluation - - - (3,289) Expenditures on property, plant & equipment 27,436 (52,769) 27,436 (112,414) Lease payment - (15,824) - (63,296) Other long-term deposit (Note 6) (3,479) (1,726) (44,815) (32,780) Changes in non-cash working capital (Note 11) 52,517 - (1,500,897) (26,426) 76,474 (73,319) (1,518,276) (241,205) Change in cash and cash equivalents (5,725) 2,545,742 (832,451) 2,538,408 Cash and cash equivalents, start of period 7,473 150,453 834,199 157,787 Cash and cash equivalents, end of period 1,748 2,696,195 1,748 2,696,195 See accompanying notes to the interim condensed consolidated financial statements. Notes to the Interim Condensed Consolidated Financial Statements For the nine months ended December 31, 2025 and 2024 (All amounts in Canadian dollars unless otherwise indicated) First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 5 of 10 1. REPORTING ENTITY First Helium Inc. (“First Helium” or the “Company”) is a company focused on the exploration, development, and production of helium across western Canada. Petroleum and natural gas are produced as part of its operations. The Company was incorporated under the laws of the Province of British Columbia on May 10, 2016. The address of the Company's corporate office 550 - 800 West Pender Street, Vancouver, British Columbia, V6C 2V6. 2. BASIS OF PRESENTATION AND GOING CONCERN The business of exploring for helium and petroleum and natural gas involves a high degree of risk and there can be no assurance that planned exploration a --- nd development programs will result in profitable helium operations. The continuance of the Company is dependent upon completion of the exploration and development properties, the discovery of economically recoverable reserves, and the ability of the Company to obtain necessary financing to complete the development and future profitable production or, alternatively, upon disposition of such property at a profit. Changes in future conditions could require material write downs of the carrying values of the Company's assets. The interim condensed consolidated financial statements have been prepared in accordance with the International Accounting Standards (“IAS”) 34 Interim Financing Reporting, using accounting policies aligned with International Financial Reporting Standards (“IFRS”). The interim condensed consolidated financial statements do not include all of the information required for annual consolidated financial statements and should be read in conjunction with the consolidated financial statements for the year ended March 31, 2025, which have been prepared in accordance with IFRS. The interim consolidated financial statements are presented in Canadian dollars, except when otherwise indicated. The financial statements were approved by the Company’s Board of Directors on March 2, 2026. Going Concern These consolidated financial statements have been prepared on a going concern basis which assumes that the Company will continue in operation for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The Company incurred a net loss of $1.3 million for the nine months ended December 31, 2025 (nine months ended December 31, 2024 net loss of $2.1 million). As at December 31, 2025, the Company has a working capital deficit of $2.8 million (March 31, 2025 – negative working capital of $2.5 million). Management will need additional debt or equity financing for its development activities. These material uncertainties may cast significant doubt on the Company’s ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability generate net cash from operating activities and/or raise additional financing to meet its ongoing operational requirements and to fund its exploration and development programs. These consolidated financial statements do not reflect the adjustments to the carrying values and classification of assets and liabilities should the Company were unable continue as a going concern. Such adjustments could be material. Evolving Demand for Energy - Changing Regulation Emission, carbon, and other regulations impacting climate and climate-related matters are dynamic and constantly evolving. With respect to environmental, social, and governance (“ESG”) and climate reporting, the International Sustainability Standards Board has issued two IFRS Sustainability Disclosure Standards with the aim to develop sustainability disclosure standards that are globally consistent, comparable, and reliable. In addition, the Canadian Securities Administrators have issued a proposed National Instrument 51-107 Disclosure of Climate-related Matters. The cost and financial reporting impact of compliance with these standards, and others that may be developed or evolve over time, has not yet been quantified by the Company. 3. MATERIAL ACCOUNTING POLICIES These interim condensed consolidated financial statements as at D --- ecember 31, 2025 have been prepared following the same accounting policies as the annual consolidated financial statements as at March 31, 2025. Notes to the Interim Condensed Consolidated Financial Statements For the nine months ended December 31, 2025 and 2024 (All amounts in Canadian dollars unless otherwise indicated) First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 6 of 10 4. EXPLORATION AND EVALUATION ("E&E") ASSETS Cdn$ Worsley Helium Worsley Oil Southern AB Total Balance, March 31, 2024 10,127,149 - 1,313,152 11,440,301 Additions 3,290 4,063,923 - 4,067,213 Exploration asset impairment - - (1,313,152) (1,313,152) Balance, March 31, 2025 10,130,439 4,063,923 - 14,194,362 Balance, December 31, 2025 10,130,439 4,063,923 - 14,194,362 E&E assets of $14.2 million consist of the Company’s undeveloped land and exploration projects that have yet to be established as technically feasible and commercially viable. The Company opted not to acquire certain lands within the Seismic Review and Option Agreement entered into in fiscal 2022 with a large land holder in southern Alberta. The Company’s technical team has deferred its geological and geophysical evaluation of the extended lands until additional financing are obtained. The impairment of exploration assets of $1.3 million has been expensed at March 31, 2025 related to the Southern Alberta area. 5. PROPERTY, PLANT & EQUIPMENT (“PP&E”) Cdn$ Worsley AB Corporate Total Balance, March 31, 2024 13,394,529 168,494 13,563,023 Additions 33,792 - 33,792 Change in asset retirement obligations 132,694 - 132,694 Balance, March 31, 2025 13,561,015 168,494 13,729,509 Additions (dispositions) (27,436) - (27,436) Change in asset retirement obligations 134,039 - 134,039 Balance, December 31, 2025 13,667,618 168,494 13,836,112 Accumulated depletion and depreciation Worsley AB Corporate Total Balance, March 31, 2024 (9,688,880) (112,007) (9,800,887) Depletion and depreciation (248,000) - (248,000) Impairment (2,939,928) (2,939,928) Amortization of right to use asset - (56,487) (56,487) Balance, March 31, 2025 (12,876,808) (168,494) (13,045,302) Depletion and depreciation - - - Balance, December 31, 2025 (12,876,808) (168,494) (13,045,302) Net carrying amount Balance, March 31, 2025 684,207 - 684,207 Balance, December 31, 2025 790,810 - 790,810 Depletion and depreciation for the nine months ended December 31, 2025 was nil as the wells were shut-in since August 2024. The Company identified three cash generating units as of March 31, 2025, based on the lowest level at which properties generate cash inflows while applying judgment to consider factors such as shared infrastructure, geographic proximity, similar exposures to market risk and materiality, and petroleum type. For the nine months ended December 31, 2025, and for the year ended March 31, 2025, the Company has determined that there were no indicators of impairment in Worsley Helium and Worsley Oil exploration assets. For the year ended March 31, 2025, an impairment of $2.9 million has been recorded in the Worsley oil assets in property plant and equipment based on certain proved and probable reserves being found to be not commercially viable. The balance remaining is reflective of the fair value of the property, plant and equipment remaining. Should the asset be developed at a later date, the impairment could be reversed. Notes to the Interim Condensed Consolidated Financial Statements For the nine months e --- nded December 31, 2025 and 2024 (All amounts in Canadian dollars unless otherwise indicated) First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 7 of 10 6. ASSET RETIREMENT OBLIGATIONS December 31 March 31, 2025 2025 Balance, beginning of year 1,305,773 1,240,236 Change in estimates 134,039 (43,414) Liabilities incurred - 176,108 ARO costs settled - (112,066) Accretion expense 44,519 44,909 Balance, end of year 1,484,331 1,305,773 Expected to be incurred beyond one-year 1,484,331 1,305,773 Abandonments are expected to occur between 2028 and 2045 and related costs will be funded from the Company’s cash provided by operating activities. The undiscounted amount required to settle the asset retirement obligations at December 31, 2025 is estimated to be $1.7 million (as at March 31, 2025 – $1.4 million). The liability for the expected cash flows, as reflected in the interim condensed consolidated financial statements, has been inflated at 3.0% and discounted using a risk-free rate of 3.8% (March 31, 2025 – 2.9% and 3.4% respectively). A long-term deposit is held with the Alberta Energy Regulator of $0.5 million (March 31, 2025 - $0.5 million), with interest received recorded in the interim condensed consolidated income statement. 7. SHAREHOLDERS’ EQUITY Share capital Authorized capital consists of an unlimited number of common shares (“common shares”) with no par value. Nine months ended December 31, 2025 Year ended March 31, 2025 Shares Amount $ Shares Amount $ Balance, beginning of period 213,899,024 $ 27,133,833 87,059,353 $ 23,768,250 Issued from private placement (a) - - 66,173,000 890,850 Issued from private placement (b) - - 60,666,671 2,730,000 Subscription receivable (c) - 1,000,000 - - Issuance costs - - - (255,267) Balance, end of period 213,899,024 $ 28,133,833 213,899,024 $ 27,133,833 (a) On April 4, 2024, the Company closed the non-brokered private placement of 66,173,000 units at a price of $0.05 per unit for gross proceeds of $3,308,650. Each unit consists of one common share and one common share purchase warrant (“Warrant”). The 66,173,000 Warrant issued are exercisable at a price of $0.075 per common shares and will expire April 4, 2027. The exercise price was amended to $0.05 on September 22, 2025. The Warrants are not subject to acceleration. The proceeds will be used to fund asset development and general working capital. A total of 504,980 warrants were issued as share compensation for finders fees. Of the total subscriptions, $1,985,000 was received from certain related parties. Of the subscription of $3,308,650, cash of $2,417,800 was received prior to March 31, 2024 with remaining $890,850 received on closing April 4, 2024. (b) On October 30, 2024, the Company closed a non-brokered private of 60,666,671 units at a price of $0.06 per unit for gross proceeds of $3,640,000. Each unit consists of one common share at a value of $0.045 and one common share purchase warrant with a value of $0.015. Each warrant is exercisable to acquire one share at the price of $0.09 per share for a period of 36 months, expiring October 30, 2027. The exercise price was amended to $0.05 on September 22, 2025. A total of 196,000 warrants were issued as share compensation for finders fees. The Warrants are not subject to acceleration. All securities issued pursuant to the Private Placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. The proceeds w --- ill be used for the development and exploration activities and for working capital and general corporate purposes. (c) During the nine months ended December 31, 2025, the Company received advances of $1,000,000 from certain related to be included in the next financing completed by the Company. The funds were used for general corporate purposes and are not expected to be repaid. Notes to the Interim Condensed Consolidated Financial Statements For the nine months ended December 31, 2025 and 2024 (All amounts in Canadian dollars unless otherwise indicated) First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 8 of 10 Warrants The Company uses the residual approach when allocating the fair value of the share purchase warrants issued in conjunction with the offering of units through a private placement. The Company determines the fair value of the common share, and the residual value is allocated to the share purchase warrant for unit offerings that contain a common share and a share purchase warrant. Number of warrants WA exercise price Balance, March 31, 2024 12,486,700 $ 0.30 Granted 66,677,980 $ 0.05 Granted 60,862,671 $ 0.05 Expired (12,486,700) $ 0.30 Balance, March 31, 2025 127,540,651 $ 0.05 Balance, December 31, 2025 127,540,651 $ 0.05 Warrants by expiry date Number of Warrants Weighted average remaining (year) Exercise Price per Warrant 2027-APR-04 66,677,980 1.1 $ 0.05 2027-OCT-30 60,862,671 1.7 $ 0.05 Balance 127,540,651 1.4 $ 0.05 Options Pursuant to the Company’s stock option plan, the Company may grant options to purchase common shares to officers, directors, employees, and consultants to a maximum of 10% of outstanding common shares of the Company. Options have expiry terms set by the Board set at the time of grant and shall not be more than ten years after the grant date. Vesting terms are as below. The Board may alter, amend or revise the terms and conditions of the stock option plan or any outstanding stock options. As at December 31, 2025, a balance of 12,750,000 of stock options were outstanding with an average remaining life of 2.6 years (March 31, 2025 – 12,750,000). Prices per option are in the following table. Options issued prior to calendar 2025 vest 25% on grant date and 25% at each anniversary. Options issued on January 21, 2025 have an exercise price of $0.09 and are valid until January 21, 2030. This tranche of options vested immediately. The following table summarizes the Company’s stock option plan activity. Nine months ended December 31,2025 Year ended March 31, 2025 Number of Options Weighted average exercise price Number of Options Weighted average exercise price Outstanding, beginning of year 12,750,000 $ 0.19 5,925,000 $ 0.35 Forfeited / Expired - - (1,175,000) 0.35 Granted - - 8,000,000 0.09 Outstanding, end of year 12,750,000 $ 0.19 12,750,000 $ 0.19 Exercisable, end of period 12,750,000 $ 0.19 12,750,000 $ 0.19 Options by grant date and expiry Options outstanding Options exercisable Weighted average remaining (year) Exercise Price per Option 2021-May-27 expiry 2026-May-27 4,750,000 4,750,000 0.3 $ 0.35 2025-Jan-21 expiry 2030-Jan-21 8,000,000 8,000,000 3.9 $ 0.09 12,750,000 12,750,000 2.6 $ 0.19 Share-based compensation The Company accounts for its share-based compensation plan using the fair value method. Share-base compensation is expensed over the vesting period with a corresponding increase to contributed surplus. Options as discussed above were granted in --- the year ended March 31, 2025. No options were granted in the nine months ended December 31, 2025. During the nine months ended December 31, 2025, the Company recorded a share- based compensation expense of $nil ($0.2 million for nine months ended December 31, 2025). Notes to the Interim Condensed Consolidated Financial Statements For the nine months ended December 31, 2025 and 2024 (All amounts in Canadian dollars unless otherwise indicated) First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 9 of 10 8. FINANCIAL INSTRUMENTS Classification and Measurement The Company’s financial instruments are carried at amortized costs. The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities. As at December 31, 2025 and March 31, 2025, no significant differences existed between the carrying value of these financial instruments and their estimated fair values. The Company classifies the fair value of its financial instruments according to the following hierarchy based on the amount of observable inputs used to value the instrument.  Level 1 – Quoted prices are available in active markets for identical assets or liabilities;  Level 2 – inputs other than quoted prices in active markets in Level 1, either directly or indirectly observable.  Level 3 – Valuations in this level are those with inputs for asset or liabilities that are not based on observable market data. Risks Associated with Financial Assets and Liabilities The Company is exposed to a number of different financial risks arising from normal course business exposures, as well as the Company’s use of financial instruments. These risk factors include market risks relating to commodity prices, foreign currency risk and interest rate risk, as well as credit and liquidity risks. (a) Commodity price risk Commodity price risk is the risk that fair value of future cash flows will fluctuate with changes in commodity prices. The Company is engaged in helium, oil, and gas development and production activities in Canada and as a result has significant exposure to commodity price risk. Commodity prices for petroleum and natural gas are impacted by the availability of egress out of Western Canada, the relationship between the Canadian dollar and the United States dollar, and world economic events that dictate the levels of supply and demand. The Company may manage the risks associated with changes in commodity prices by entering into risk management contracts. There are no risk management contracts in place as of December 31, 2025. (b) Currency risk Currency risk is the risk that the fair value of future cash flows will fluctuate as a result of changes in foreign exchange rates. Substantially all of the Company’s petroleum revenues are conducted in Canada and are denominated in Canadian dollars. Canadian commodity prices are influenced by fluctuations in the Canadian to United States dollar exchange rate. (c) Interest rate risk Interest rate risk is the risk that future cash flows will fluctuate as a result of changes in market interest rates. The Company is exposed to the interest rate fluctuations on cash and cash equivalents. The Company may hold a portion of cash in short-term investments that earn variable rate of interest as part of its investment policy. All other financial liabilities are non-interest bearing. If interest rates had changed by 1% (i.e.100 basis points), assumi --- ng all other variables remain constant, the impact to net earnings would be immaterial. (d) Credit risk Credit risk is the potential financial loss to the Company if customers or counterparties to a financial instrument are unable to meet their contractual obligations. The majority of credit exposure on accounts receivable pertains to revenues and commodity tax receivable. The collection of accounts receivable may be affected by counterparty-specific issues or industry factors such as commodity price fluctuations and other economic conditions. Management believes the risk is mitigated by entering into transactions with reputable counterparties and partners when possible. When determining whether past due accounts are collectible, management assesses the credit worthiness and past payment history of the counterparties, as well as the nature of the past due amount. At December 31, 2025, none of the total outstanding accounts receivable pertain to receivables from petroleum purchasers (March 31, 2025 – nil) as the production had been shut-in. As of December 31, 2025, none of the accounts receivable balance has been outstanding greater than 90 days (March 31, 2025 - nil). As at: December 31, 2025 March 31, 2025 Oil and gas receivable - - GST and other receivable 42,962 220,989 Accounts receivable 42,962 220,989 Notes to the Interim Condensed Consolidated Financial Statements For the nine months ended December 31, 2025 and 2024 (All amounts in Canadian dollars unless otherwise indicated) First Helium Inc. – Interim Condensed Consolidated Financial Statements December 31, 2025 Page 10 of 10 9. PETROLEUM REVENUE The Company sells its production pursuant to variable-price contracts. The transaction price for these contracts is based on commodity prices adjusted for quality and other factors. The production has been shut-in during the fiscal year 2026 to date. 10. RELATED PARTY TRANSACTIONS Key management personnel include officers and directors of the Company. The Company also provides compensation through participation in the stock option plan. Three months ended December 31, Nine months ended December 31, 2025 2024 2025 2024 Accounting and compliance (i) 34,500 34,500 103,500 103,500 Management fees (ii) 97,500 132,500 292,500 432,500 Share-based compensation - - - 190,527 Total 132,000 167,000 396,000 726,527 (i) Accounting and compliance fees were paid to a company controlled by a spouse of an officer of the Company in the amount of $103,500 for nine months ended December 31, 2025 (nine months ended December 31, 2024 - $103,500). (ii) For the nine months ended December 31, 2025, the Company incurred $292,500 (nine months ended December 31, 2024 - $432,500) to various officers and directors of the Company. The balance payable to related parties as at December 31, 2025 was $0.7 million (as at March 31, 2025 - $0.3 million). During the nine months ended December 31, 2025, the Company received advances of $1.0 million from a certain related party to be included in the next financing completed by the Company. The funds were used for general corporate purposes and are not expected to be repaid. 11. SUPPLEMENTAL CASH FLOW INFORMATION Nine months ended December 31, 2025 2024 Changes in non-cash working capital: Accounts receivable 178,027 117,815 Prepaids and deposits 141,128 226,220 Accounts payable and accrued liabilities (873,939) (379,058) (554,784) (35,023) Operating activities 946,113 (8,597) Investing activities (1,500,897) (26,426) Total (5 --- 54,784) (35,023) Interest income received, net of interest expense, in the nine months ended December 31, 2025 was $12,646 (interest received $12,225 for the nine months ended December 31, 2024).