None
SEDAR Interim Financial Statements
REC · Price
[
{
"companyName": "Record Resources Inc.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"currentPeriod": {
"cash": 1301400,
"totalCurrentAssets": 1301400,
"mineralPropertiesAndExplorationAndEvaluationExpenditures": 1498437,
"totalAssets": 2799837,
"accountsPayableAndAccruedLiabilities": 898544,
"dueToRelatedParties": 17909,
"loanPayable": 17734,
"shortTermPayable": 125000,
"totalCurrentLiabilities": 1059187,
"totalLiabilities": 1059187,
"shareCapital": 7498167,
"contributedSurplus": 695269,
"deficit": -6452786,
"totalShareholdersEquity": 1740650,
"cashPerShare": 0.0111,
"workingCapitalPerShare": 0.0021
},
"comparativePeriod": {
"cash": 5487,
"totalCurrentAssets": 5487,
"mineralPropertiesAndExplorationAndEvaluationExpenditures": 1498437,
"totalAssets": 1503924,
"accountsPayableAndAccruedLiabilities": 926473,
"dueToRelatedParties": 18909,
"loanPayable": 17734,
"shortTermPayable": 125000,
"totalCurrentLiabilities": 1088116,
"totalLiabilities": 1088116,
"shareCapital": 5992542,
"contributedSurplus": 548938,
"deficit": -6125672,
"totalShareholdersEquity": 415808
}
},
"incomeStatement": {
"currentPeriod": {
"generalAndAdministrative": 576594,
"lossBeforeOtherItems": -576594,
"consultingRevenue": 249480,
"interestExpense": 0,
"netLoss": -327114,
"lossPerShareBasicAndDiluted": -0.003,
"weightedAverageSharesOutstandingBasic": 116948477,
"weightedAverageSharesOutstandingDiluted": 116948477
},
"comparativePeriod": {
"generalAndAdministrative": 145143,
"lossBeforeOtherItems": -145143,
"consultingRevenue": 0,
"interestExpense": -796,
"netLoss": -145939,
"lossPerShareBasicAndDiluted": -0.002,
"weightedAverageSharesOutstandingBasic": 78389226,
"weightedAverageSharesOutstandingDiluted": 78389226
}
},
"cashFlowStatement": {
"currentPeriod": {
"netLoss": -327114,
"changeInAccountsPayableAndAccruedLiabilities": -27929,
"cashUsedInOperatingActivities": -355043,
"additionToMineralProperties": 0,
"cashUsedInInvestingActivities": 0,
"issuanceOfCommonSharesNetOfIssuanceCostsAndSubscriptionReceivable": 1651956,
"loanPayable": 0,
"dueToRelatedParty": -1000,
"cashProvidedByFinancingActivities": 1650956,
"increaseInCash": 1295913,
"cashBeginningOfPeriod": 5487,
"cashEndOfPeriod": 1301400
},
"comparativePeriod": {
"netLoss": -145939,
"changeInAccountsPayableAndAccruedLiabilities": 18056,
"cashUsedInOperatingActivities": -127883,
"additionToMineralProperties": -51000,
"cashUsedInInvestingActivities": -51000,
"issuanceOfCommonSharesNetOfIssuanceCostsAndSubscriptionReceivable": 397690,
"loanPayable": 3796,
"dueToRelatedParty": 43501,
"cashProvidedByFinancingActivities": 444987,
"increaseInCash": 266104,
"cashBeginningOfPeriod": 2435,
"cashEndOfPeriod": 268539
}
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Properties",
"description": "Kirkland Properties - gold and precious metals claims in Kirkland Lake region, Ontario",
"ownershipPercentage": 100,
"value": 1,
"notes": "Subject to 2% NSR; Company can purchase NSR for $2,000,000"
},
{
"type": "Mineral Properties",
"description": "Paradis Bay Hydrogen Property - 27 mineral claims in Timiskaming area, Ontario",
"ownershipPercentage": 100,
"value": 5000,
"notes": "Option agreement; vendor holds 1% NSR with half purchasable for $1,000,000"
},
{
"type": "Mineral Properties",
"description": "Lorrain-Bucke Hydrogen Property - option to acquire 100% interest in Ontario hydrogen property",
"ownershipPercentage": 100,
"value": 516000,
"notes": "Optionors hold 2% GRR with half purchasable for $2,000,000"
},
{
"type": "Mineral Properties",
"description": "Beauchamp Hydrogen Property - 300 mineral claims in Ontario",
"ownershipPercentage": 100,
"value": 976500,
"notes": "Vendor holds 1% NSR with half purchasable for $1,000,000"
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares and unlimited Class A preferred shares",
"issuedShares": 145896518,
"classesOfShares": ["Common Shares", "Class A Preferred Shares"],
"warrants": [
{
"number": 28146518,
"exercisePrice": 0.07,
"expiryDate": null
}
],
"options": [
{
"number": 6500000,
"exercisePrice": 0.05,
"expiryDate": "2029-05-16"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"2025": {
"cashCompensation": 53000,
"shareBasedCompensation": 0,
"totalCompensation": 53000
},
"2024": {
"cashCompensation": 0,
"shareBasedCompensation": 0,
"totalCompensation": 0
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Prior Management",
"description": "Short term payable settlement of former directors' accounts",
"amount": 125000,
"period": "2025"
},
{
"counterparty": "Current Management",
"description": "Due to related parties - non-interest bearing, non-secured",
"amount": 10096,
"period": "2025"
},
{
"counterparty": "Law firm with former director partner",
"description": "Legal fees owed",
"amount": 30652,
"period": "2025"
},
{
"counterparty": "Company related by common directors",
"description": "Non-interest bearing advance",
"amount": 7813,
"period": "2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "January 2026",
"description": "Issued 6,000,000 common shares at $0.05 per share to settle $300,000 debt to consultant",
"impactValue": 300000
},
{
"eventDate": "January 2026",
"description": "960,714 warrants at $0.06 exercise price expired without exercise",
"impactValue": null
},
{
"eventDate": "January 2026",
"description": "Granted 6,150,000 stock options at $0.10 exercise price for 5 years",
"impactValue": null
},
{
"eventDate": "January 2026",
"description": "Issued 1,000,000 common shares as 2nd instalment for Paradis Bay Property acquisition",
"impactValue": 50000
},
{
"eventDate": "January 2026",
"description": "Paid $65,000 towards Paradis Bay Property option cash payment",
"impactValue": -65000
}
]
}
]
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Jun 17, 2026 · 08:30