SEDAR Interim Financial Statements

[
  {
    "companyName": "Vatic Ventures Corp.",
    "reportingPeriodEnd": "2025-11-30",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 220,
      "amountsReceivable": 8743,
      "prepaidExpenses": 13500,
      "totalCurrentAssets": 22463,
      "explorationAndEvaluationAssets": 310399,
      "totalAssets": 332862,
      "accountsPayableAndAccruedLiabilities": 740170,
      "dueToRelatedParties": 27763,
      "loansPayableCurrent": 203264,
      "provisionForIndemnity": 654852,
      "totalCurrentLiabilities": 1626049,
      "loanPayableNonCurrent": 60288,
      "totalLiabilities": 1686337,
      "shareCapital": 13753480,
      "subscriptionsReceivedInAdvance": 15000,
      "shareBasedPaymentReserve": 110467,
      "warrantReserve": 21624,
      "deficit": -15254046,
      "totalShareholdersEquityDeficiency": -1353475,
      "totalLiabilitiesAndShareholdersDeficiency": 332862,
      "cashPerShare": 0.0000,
      "workingCapitalPerShare": -0.0382
    },
    "incomeStatement": {
      "businessDevelopment": 1572,
      "consultingFees": 19900,
      "managementFees": 15000,
      "officeAndMiscellaneous": 2944,
      "professionalFees": 51653,
      "projectInvestigation": 6969,
      "transferAgentAndFilingFees": 8270,
      "travelMealsAndEntertainment": 7771,
      "totalExpenses": -114079,
      "gainOnExtinguishmentOfDebt": 0,
      "indemnityAndPartXII6TaxOnFlowThroughShares": -57610,
      "interestExpense": -5702,
      "lossAndComprehensiveLossForThePeriod": -177391,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 41351394,
      "basicAndDilutedLossPerShare": -0.00
    },
    "cashFlowStatement": {
      "lossAndComprehensiveLossForThePeriod": -177391,
      "gainOnExtinguishmentOfDebt": 0,
      "interestExpense": 5702,
      "indemnityAndPartXII6TaxOnFlowThroughShares": 57610,
      "decreaseIncreaseInAmountsReceivable": 3164,
      "increaseDecreaseInDueToRelatedParties": 21400,
      "increaseInAccountsPayableAndAccruedLiabilities": 53042,
      "netCashUsedInOperatingActivities": -36473,
      "explorationAndEvaluationAssets": -5504,
      "deferredAcquisitionCosts": 0,
      "netCashUsedInInvestingActivities": -5504,
      "proceedsFromPrivatePlacements": 0,
      "shareIssuanceCosts": 0,
      "proceedsFromExerciseOfOptions": 0,
      "interestPaymentOnCebaLoan": -2245,
      "proceedsFromLoan": 98888,
      "repaymentOfLoan": -54450,
      "subscriptionsReceived": 0,
      "netCashProvidedByFinancingActivities": 42193,
      "increaseDecreaseInCash": 216,
      "cashBeginningOfThePeriod": 4,
      "cashEndOfThePeriod": 220
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Hansen Gold Property in Northern Quebec (option agreement with Shadow Ventures Corp.)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Carrying value written off as of February 28, 2025. Not in compliance with option agreement as of November 30, 2025."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Sister's Mountain Property in New Brunswick (option agreement with Commitment Capital Inc.)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Carrying value written off as of February 28, 2025. Subject to lawsuit (Notice of Civil Claim) from Mayne Minerals Inc."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Solonópole South Property in Brazil (held through 1432714 B.C. Ltd.)",
        "ownershipPercentage": 100,
        "value": 310399,
        "notes": "Carrying value $310,399 as of November 30, 2025. Renegotiated option agreement on January 6, 2025. Subject to 1% royalty."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Solonópole North in Brazil (option agreement with 1434593 B.C. Ltd.)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Not in compliance with option agreement as of November 30, 2025 (USD $50,000 unpaid). Subject to 1% royalty."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Opuwo Property in Namibia (share purchase agreement to acquire private company with right to acquire up to 80% interest)",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Exploration costs of $6,969 expensed as project investigation during the nine months ended November 30, 2025."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited common shares without par value",
      "issuedShares": 41351394,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 3474100,
          "exercisePrice": 0.075,
          "expiryDate": "2026-08-29"
        },
        {
          "number": 165720,
          "exercisePrice": 0.075,
          "expiryDate": "2026-08-29"
        }
      ],
      "options": [
        {
          "number": 300000,
          "exercisePrice": 0.22,
          "expiryDate": "2026-07-19"
        },
        {
          "number": 400000,
          "exercisePrice": 0.20,
          "expiryDate": "2028-01-31"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedNovember302025": {
          "managementFees": 15000,
          "consultingFees": 19900
        },
        "nineMonthsEndedNovember302024": {
          "managementFees": 0,
          "consultingFees": 198100
        }
      },
      "namedIndividuals": [
        {
          "name": "Former CFO",
          "title": "Former CFO",
          "period": "nineMonthsEndedNovember302025",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 18400
          }
        },
        {
          "name": "Directors",
          "title": "Directors",
          "period": "nineMonthsEndedNovember302025",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 15000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Officers and directors",
          "description": "Amounts due to related parties (unsecured, non-interest bearing, no specific repayment terms)",
          "amount": 27763,
          "period": "As at November 30, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-14",
        "description": "Financial statements approved by the Board of Directors",
        "impactValue": null
      }
    ]
  }
]