None
SEDAR Interim Financial Statements
JZR · Price
[
{
"companyName": "JZR GOLD INC.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cashAndCashEquivalents": 1666626,
"amountsReceivable": 56478,
"prepaidExpenses": 63753,
"totalCurrentAssets": 1786857,
"securityDeposits": 33500,
"loanReceivable": 47178,
"mineralPropertiesAndDeferredExplorationCosts": 946916,
"intangibleAsset": 13644435,
"totalAssets": 16458886,
"accountsPayableAndAccruedLiabilities": 294107,
"dueToRelatedParties": 279371,
"loanPayable": 0,
"convertibleDebentures": 0,
"fundsReceivedInAdvance": 0,
"totalLiabilities": 573478,
"shareCapital": 26686784,
"reserves": 2154345,
"equityPortionOfConvertibleDebenture": 0,
"subscriptionsReceivable": -197984,
"deficit": -12757737,
"totalShareholdersEquity": 15885408,
"totalLiabilitiesAndShareholdersEquity": 16458886,
"cashPerShare": 0.0217,
"workingCapitalPerShare": 0.0157
},
"incomeStatement": {
"filingFees": 8045,
"interestAndCharges": 27692,
"officeAndMiscellaneous": 39822,
"professionalFees": 101712,
"consultingFees": 562606,
"transferAgentFees": 23354,
"shareBasedCompensation": 23345,
"totalGeneralAndAdministrativeExpenses": 786576,
"accretionExpense": 54340,
"lossAndComprehensiveLossForThePeriod": 840916,
"basicAndDilutedLossPerCommonShare": -0.02,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 72479968
},
"cashFlowStatement": {
"netLossForThePeriod": -840916,
"accretionOfDiscountOnConvertibleDebentures": 54340,
"accruedInterest": 36392,
"shareBasedCompensation": 23344,
"increaseInAmountsReceivable": -22812,
"increaseInPrepaidExpenses": -11780,
"decreaseInDueToRelatedParties": 9489,
"decreaseInAccountsPayableAndAccruedLiabilities": -442661,
"netCashUsedInOperatingActivities": -1194603,
"mineralPropertyRightsAndDeferredExplorationCostsNetOfRecoveries": -47999,
"paymentMadeForDeferredAcquisitionOfNetProfitInterests": -680532,
"netCashUsedInInvestingActivities": -728532,
"fundsReceivedOnIssuanceOfCommonSharesNetOfIssuanceCosts": 650082,
"fundsReceivedOnExerciseOfWarrants": 1943800,
"issuanceOfConvertibleDebt": 0,
"repaymentOnLoan": -11539,
"netCashProvidedByFinancingActivities": 2582343,
"changeInCashDuringThePeriod": 659209,
"cashBeginningOfPeriod": 1007417,
"cashEndOfPeriod": 1666626
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Property",
"description": "Spider Mineral Property (100% owned)",
"ownershipPercentage": 100,
"value": 946916,
"notes": "Located in British Columbia, Canada. Comprises Crown granted mineral claims and land lots in fee simple."
},
{
"type": "Intangible Asset / Royalty Agreement",
"description": "JV Royalty Agreement (JVRA) for Vila Nova gold project",
"ownershipPercentage": null,
"value": 13644435,
"notes": "Option to acquire 50% net profits interest in Vila Nova property, Amapa, Brazil. Payments made total $11,663,435 (USD $8,642,839)."
},
{
"type": "Loan Receivable",
"description": "Loan receivable",
"ownershipPercentage": null,
"value": 47178,
"notes": "Secured by the asset sold."
},
{
"type": "Security Deposit",
"description": "Security deposits",
"ownershipPercentage": null,
"value": 33500,
"notes": "Earning interest at an average rate of 0.57% per annum."
}
],
"shareStructure": {
"authorizedShares": "unlimited common voting shares, no par value",
"issuedShares": 78404895,
"classesOfShares": ["common voting shares"],
"warrants": [
{
"number": 73400,
"exercisePrice": 0.2,
"expiryDate": "2026-09-10"
},
{
"number": 6494167,
"exercisePrice": 0.2,
"expiryDate": "2026-09-10"
},
{
"number": 101945,
"exercisePrice": 0.25,
"expiryDate": "2026-06-04"
},
{
"number": 2536000,
"exercisePrice": 0.35,
"expiryDate": "2028-03-04"
},
{
"number": 6000000,
"exercisePrice": 0.4,
"expiryDate": "2027-07-22"
},
{
"number": 8250000,
"exercisePrice": 0.25,
"expiryDate": "2027-07-22"
},
{
"number": 220000,
"exercisePrice": 0.25,
"expiryDate": "2027-08-12"
},
{
"number": 2310000,
"exercisePrice": 0.25,
"expiryDate": "2027-09-10"
}
],
"options": [
{
"number": 675000,
"exercisePrice": 0.35,
"expiryDate": "2026-02-22"
},
{
"number": 500000,
"exercisePrice": 0.45,
"expiryDate": "2031-09-03"
},
{
"number": 675000,
"exercisePrice": 0.8,
"expiryDate": "2027-05-06"
},
{
"number": 200000,
"exercisePrice": 0.65,
"expiryDate": "2027-10-17"
},
{
"number": 500000,
"exercisePrice": 0.15,
"expiryDate": "2034-04-15"
}
],
"rightsConvertibleInstruments": "Convertible debentures were fully converted during the period."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"sixMonthsEndedDecember312025": {
"shortTermEmployeeBenefits": 150000,
"shareBasedCompensation": 23345,
"total": 173345
},
"sixMonthsEndedDecember312024": {
"shortTermEmployeeBenefits": 90000,
"shareBasedCompensation": 28102,
"total": 118102
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "President of the Company",
"description": "Corporate expenses owed",
"amount": 871,
"period": "As at December 31, 2025"
},
{
"counterparty": "Company controlled by the Chief Financial Officer",
"description": "Professional fees owed",
"amount": 13500,
"period": "As at December 31, 2025"
},
{
"counterparty": "Company controlled by a director",
"description": "Consulting fees owed",
"amount": 265000,
"period": "As at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Extended the expiry of 675,000 stock options to February 12, 2031 with no change to exercise price, subject to TSXV and shareholder approval",
"impactValue": null
},
{
"eventDate": null,
"description": "Issued 843,166 common shares on the exercise of warrants for total proceeds of $337,266",
"impactValue": 337266
},
{
"eventDate": null,
"description": "Advanced an additional $350,000 USD in relation to the JVRA",
"impactValue": 485810
}
]
}
]
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