None
SEDAR Interim Financial Statements
ERA · Price
[
{
"companyName": "Elcora Advanced Materials Corp.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 22885,
"receivables": 11579,
"prepaidExpenses": 12050,
"totalCurrentAssets": 46514,
"explorationAndEvaluationAssets": 1833827,
"totalNonCurrentAssets": 1833827,
"totalAssets": 1880341,
"accountsPayableAndAccruedLiabilities": 2997956,
"currentPortionOfLoansPayable": 147692,
"promissoryNotes": 1009992,
"convertibleLoanPayable": 117447,
"totalCurrentLiabilities": 4273087,
"loansPayable": 694944,
"governmentLoan": 43773,
"totalLiabilities": 5011804,
"shareCapital": 20612162,
"shareBasedPaymentReserve": 4438296,
"equityComponentOfConvertibleLoan": 12491,
"accumulatedOtherComprehensiveIncome": 57937,
"deficit": -28252349,
"totalShareholdersDeficit": -3131463,
"totalLiabilitiesAndShareholdersDeficit": 1880341,
"cashPerShare": 0.0013,
"workingCapitalPerShare": -0.2481
},
"incomeStatement": {
"professionalFees": 72816,
"operatingExpenses": 117764,
"generalAndAdministrativeExpenses": 17910,
"depreciation": null,
"managementAndConsultingFees": 452374,
"transferFilingAndListingFees": 20955,
"shareBasedCompensation": 2721,
"accretionOfInterest": 72734,
"interestExpense": 59177,
"gainOnFairValueChangeOnACOALoans": -2870,
"gainFromSaleOfPropertyPlantAndEquipment": null,
"lossGainOnForeignExchange": -26450,
"totalExpenses": -787131,
"licensingIncome": null,
"lossOnSaleOfMarketableSecurities": null,
"lossOnModificationOfConvertibleLoanPayable": null,
"unrealizedLossOnMarketableSecurities": null,
"totalOtherIncomeLoss": null,
"totalLossForThePeriod": -787131,
"cumulativeTranslationAdjustment": -8110,
"comprehensiveLossForThePeriod": -795241,
"lossPerShareBasicAndDiluted": -0.05,
"weightedAverageNumberOfOutstandingCommonSharesBasicAndDiluted": 17037699
},
"cashFlowStatement": {
"netLossForThePeriod": -787131,
"shareBasedCompensation": 2721,
"depreciationExpense": null,
"unrealizedLossOnMarketableSecurities": null,
"realizedLossOnMarketableSecurities": null,
"accruedInterest": 59609,
"unrealizedLossGainOnForeignExchange": -538,
"accretionExpense": 72734,
"fairValueChangeOnACOALoans": -2870,
"licensingIncome": null,
"lossOnModificationOfConvertibleLoanPayable": null,
"restrictedShareUnitsGrantedForConsultingFees": 2929,
"changesInAccountsReceivable": -5563,
"changesInPrepaidExpenses": -6760,
"changesInAccountsPayableAndAccruedLiabilities": 328605,
"netCashProvidedByUsedInOperatingActivities": -295642,
"acquisitionOfExplorationAndEvaluationAssets": -101573,
"proceedsOnSaleOfMarketableSecurities": null,
"netCashProvidedByUsedInInvestingActivities": -101573,
"proceedsFromConvertibleLoan": null,
"repaymentOfLeaseLiability": null,
"proceedsFromRepaymentOfPromissoryNotes": 244241,
"repaymentOfLongTermDebt": -1600,
"netCashFromFinancingActivities": 242641,
"netChangeInCash": -154574,
"cashBeginning": 206637,
"effectOfChangeInForeignCurrencyOnCash": -29178,
"cashEnding": 22885
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Properties",
"description": "Exploration and evaluation assets in Morocco",
"ownershipPercentage": 100,
"value": 1833827,
"notes": "Located in Morocco"
},
{
"type": "Joint Venture",
"description": "40% investment in Sakura (fully impaired)",
"ownershipPercentage": 40,
"value": 0,
"notes": "Fully impaired, no further activities"
},
{
"type": "Joint Venture",
"description": "50% investment in Elcora Mining",
"ownershipPercentage": 50,
"value": 0,
"notes": "Joint venture for manganese ore, investment recorded at $Nil"
},
{
"type": "Marketable Securities",
"description": "1,665,833 common shares of G6 Materials Corp.",
"ownershipPercentage": null,
"value": 0,
"notes": "Fair value determined to be $Nil as at December 31, 2025"
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 17037699,
"classesOfShares": ["Common shares"],
"warrants": [],
"options": [
{
"number": 720000,
"exercisePrice": 0.5,
"expiryDate": "2028-02-27"
},
{
"number": 50000,
"exercisePrice": 1.0,
"expiryDate": "2028-06-15"
}
],
"rightsConvertibleInstruments": "Convertible loan payable at $0.50 per share (Note 20)"
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"nineMonthsEndedDec312025": {
"consultingFees": 435000,
"shareBasedCompensation": 2721
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "CEO",
"description": "Promissory note",
"amount": 96420,
"period": "As at December 31, 2025"
},
{
"counterparty": "CFO related company",
"description": "Promissory note",
"amount": 64316,
"period": "As at December 31, 2025"
},
{
"counterparty": "Directors and companies owned thereby",
"description": "Accounts payable and accrued liabilities",
"amount": 2276100,
"period": "As at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "January 23, 2026 and January 30, 2026",
"description": "Closed non-brokered private placement, gross proceeds of $2,250,000 for the sale of 18,749,999 Units at $0.12 per Unit. Each Unit consists of one common share and one warrant exercisable at $0.16 for 24 months.",
"impactValue": 2250000
}
]
}
]
More from Elcora Advanced Materials Corp.
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