None
SEDAR Interim Financial Statements
PRR · Price
[
{
"companyName": "Prospect Ridge Resources Corp.",
"reportingPeriodEnd": "2025-11-30",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"2025-11-30": {
"cash": 689739,
"shortTermInvestments": 1001182,
"receivables": 124196,
"prepaidExpenses": 719951,
"totalCurrentAssets": 2535068,
"reclamationDeposits": 59500,
"equipmentAndRightOfUseAssets": 432774,
"explorationAndEvaluationAssets": 4524750,
"totalAssets": 7552092,
"accountsPayableAndAccruedLiabilities": 309722,
"currentPortionOfLeaseLiabilities": 49110,
"totalCurrentLiabilities": 358832,
"leaseLiabilitiesNonCurrent": 86820,
"totalLiabilities": 445652,
"shareCapital": 18465474,
"commitmentToIssueFindersShares": 131429,
"contributedSurplus": 2398252,
"deficit": -13888715,
"totalShareholdersEquity": 7106440,
"totalLiabilitiesAndShareholdersEquity": 7552092,
"cashPerShare": 0.0078,
"workingCapitalPerShare": 0.0247
},
"2025-08-31": {
"cash": 672522,
"shortTermInvestments": 1643456,
"receivables": 24219,
"prepaidExpenses": 94937,
"totalCurrentAssets": 2435134,
"reclamationDeposits": 59500,
"equipmentAndRightOfUseAssets": 444142,
"explorationAndEvaluationAssets": 4489750,
"totalAssets": 7428526,
"accountsPayableAndAccruedLiabilities": 336225,
"currentPortionOfLeaseLiabilities": 47954,
"totalCurrentLiabilities": 384179,
"leaseLiabilitiesNonCurrent": 99539,
"totalLiabilities": 483718,
"shareCapital": 16956260,
"commitmentToIssueFindersShares": 131429,
"contributedSurplus": 2339210,
"deficit": -12482091,
"totalShareholdersEquity": 6944808,
"totalLiabilitiesAndShareholdersEquity": 7428526,
"cashPerShare": null,
"workingCapitalPerShare": null
}
},
"incomeStatement": {
"2025-11-30": {
"depreciation": 29192,
"directorsFees": 18000,
"explorationAndEvaluationExpenditures": 1133102,
"financeExpense": 0,
"insurance": 4143,
"investorRelations": 28303,
"leaseAccretion": 3437,
"managementAndConsultingFees": 85500,
"officeAndMiscellaneous": 5464,
"professionalFees": 40183,
"shareBasedPayments": 49959,
"transferAgentAndFilingFees": 14149,
"travelExpense": 2919,
"recoveryOfTaxCredits": 0,
"totalOperatingExpenses": -1414351,
"interestIncome": 7727,
"unrealizedGainOnShortTermInvestments": 0,
"lossAndComprehensiveLoss": -1406624,
"basicAndDilutedLossPerCommonShare": -0.02,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 88023731
},
"2024-11-30": {
"depreciation": 35527,
"directorsFees": 12000,
"explorationAndEvaluationExpenditures": 574021,
"financeExpense": 881,
"insurance": 10279,
"investorRelations": 115652,
"leaseAccretion": 4763,
"managementAndConsultingFees": 85000,
"officeAndMiscellaneous": 5770,
"professionalFees": 32386,
"shareBasedPayments": 14137,
"transferAgentAndFilingFees": 9391,
"travelExpense": 15157,
"recoveryOfTaxCredits": -5290,
"totalOperatingExpenses": -909674,
"interestIncome": 0,
"unrealizedGainOnShortTermInvestments": 31902,
"lossAndComprehensiveLoss": -877772,
"basicAndDilutedLossPerCommonShare": -0.01,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 83244100
}
},
"cashFlowStatement": {
"2025-11-30": {
"lossForThePeriod": -1406624,
"depreciation": 29192,
"financeExpense": 0,
"unrealizedGainOnShortTermInvestments": 0,
"leaseAccretion": 3437,
"shareBasedPayments": 49959,
"changesInReceivables": -99977,
"changesInRefundableTaxCredits": 0,
"changesInPrepaidExpenses": -625014,
"changesInAccountsPayableAndAccruedLiabilities": -26503,
"netCashUsedInOperatingActivities": -2075530,
"acquisitionOfExplorationAndEvaluationAssets": -10000,
"acquisitionOfEquipment": -17824,
"proceedsOnSaleOfShortTermInvestments": 642274,
"netCashUsedInInvestingActivities": 614450,
"leasePayments": -15000,
"loanPayments": 0,
"proceedsFromPrivatePlacements": 1582800,
"shareIssuanceCosts": -89503,
"netCashProvidedByFinancingActivities": 1478297,
"changeInCashDuringThePeriod": 17217,
"cashBeginningOfPeriod": 672522,
"cashEndOfPeriod": 689739
},
"2024-11-30": {
"lossForThePeriod": -877772,
"depreciation": 35527,
"financeExpense": 881,
"unrealizedGainOnShortTermInvestments": -31902,
"leaseAccretion": 4763,
"shareBasedPayments": 14137,
"changesInReceivables": 23609,
"changesInRefundableTaxCredits": 387234,
"changesInPrepaidExpenses": 106314,
"changesInAccountsPayableAndAccruedLiabilities": -671790,
"netCashUsedInOperatingActivities": -1008999,
"acquisitionOfExplorationAndEvaluationAssets": 0,
"acquisitionOfEquipment": 0,
"proceedsOnSaleOfShortTermInvestments": 1621998,
"netCashUsedInInvestingActivities": 1621998,
"leasePayments": -62693,
"loanPayments": -60071,
"proceedsFromPrivatePlacements": 0,
"shareIssuanceCosts": 0,
"netCashProvidedByFinancingActivities": -122764,
"changeInCashDuringThePeriod": 490235,
"cashBeginningOfPeriod": 57741,
"cashEndOfPeriod": 547976
}
},
"investmentsAndOtherAssets": [
{
"type": "Marketable Securities",
"description": "Short-term investments",
"ownershipPercentage": null,
"value": 1001182,
"notes": ""
},
{
"type": "Mineral/Resource Properties",
"description": "Holy Grail Property",
"ownershipPercentage": 100,
"value": 3540000,
"notes": "Acquired 100% interest, subject to 3% NSR royalty (1.5% to Loan Wolf, 1.5% to Knauss Creek Mines Ltd.). Repurchase rights available."
},
{
"type": "Mineral/Resource Properties",
"description": "Knauss Creek Property",
"ownershipPercentage": 100,
"value": 919750,
"notes": "Acquired 100% interest, subject to 3% NSR royalty (1.5% to Loan Wolf, 1.5% to Knauss Creek Mines Ltd.). Repurchase rights available."
},
{
"type": "Mineral/Resource Properties",
"description": "Excalibur Property",
"ownershipPercentage": 100,
"value": 15000,
"notes": "Option to acquire 100% interest. Subject to 1.5% NSR royalty (0.5% to each of three vendors). Repurchase rights available."
},
{
"type": "Mineral/Resource Properties",
"description": "Castle Property",
"ownershipPercentage": 100,
"value": 15000,
"notes": "Option to acquire 100% interest. Subject to 1.5% NSR royalty (0.5% to each of three vendors). Repurchase rights available."
},
{
"type": "Mineral/Resource Properties",
"description": "Camelot Property",
"ownershipPercentage": 100,
"value": 35000,
"notes": "Acquired 100% interest, subject to 1.0% NSR royalty to vendor and 1% NSR to underlying royalty holder. Buy-down rights available."
},
{
"type": "Other",
"description": "Reclamation deposits",
"ownershipPercentage": null,
"value": 59500,
"notes": "Held as security for reclamation requirements for Holy Grail and Knauss Creek properties."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 97086011,
"classesOfShares": [
"common shares"
],
"warrants": [
{
"number": 6831407,
"exercisePrice": 0.25,
"expiryDate": "2026-06-13"
},
{
"number": 844125,
"exercisePrice": 0.25,
"expiryDate": "2026-07-05"
},
{
"number": 2974208,
"exercisePrice": 0.30,
"expiryDate": "2026-07-05"
},
{
"number": 1529312,
"exercisePrice": 0.25,
"expiryDate": "2026-07-24"
},
{
"number": 4353781,
"exercisePrice": 0.30,
"expiryDate": "2026-07-24"
},
{
"number": 5391667,
"exercisePrice": 0.18,
"expiryDate": "2027-10-27"
},
{
"number": 711667,
"exercisePrice": 0.18,
"expiryDate": "2027-10-27"
},
{
"number": 1203333,
"exercisePrice": 0.18,
"expiryDate": "2027-11-13"
},
{
"number": 34183,
"exercisePrice": 0.18,
"expiryDate": "2027-11-13"
}
],
"options": [
{
"number": 2000000,
"exercisePrice": 0.20,
"expiryDate": "2028-03-01"
},
{
"number": 500000,
"exercisePrice": 0.20,
"expiryDate": "2028-03-03"
},
{
"number": 500000,
"exercisePrice": 0.205,
"expiryDate": "2029-01-05"
},
{
"number": 50000,
"exercisePrice": 0.235,
"expiryDate": "2029-07-30"
},
{
"number": 2100000,
"exercisePrice": 0.15,
"expiryDate": "2030-02-25"
},
{
"number": 1300000,
"exercisePrice": 0.15,
"expiryDate": "2030-10-22"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025-11-30": {
"directorsFees": 18000,
"managementAndConsultingFees": 85500,
"professionalFees": 15000
},
"2024-11-30": {
"directorsFees": 12000,
"managementAndConsultingFees": 50000,
"explorationRelatedAndGeologicalConsultingFees": 50000,
"professionalFees": 30000
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": []
},
"subsequentEvents": [
{
"eventDate": "2025-12-05",
"description": "Issued 416,667 flow-through units (each unit consists of one flow-through common share and one-half of one share purchase warrant, with each whole warrant exercisable at $0.18 for two years) for gross proceeds of $50,000.",
"impactValue": 50000
},
{
"eventDate": "2025-12-29",
"description": "Completed a non-brokered private placement through the issuance of 8,894,445 flow-through units at $0.09 per unit for gross proceeds of $800,500. Each unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at $0.15 per share until December 29, 2027. Issued 591,111 finder’s warrants exercisable at $0.15 per share until December 29, 2027.",
"impactValue": 800500
}
]
}
]
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