SEDAR Interim Financial Statements

[
  {
    "companyName": "Chatham Rock Phosphate Limited",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 71441,
      "accountsReceivableAndOtherReceivables": 43310,
      "prepayments": 45639,
      "totalCurrentAssets": 160390,
      "otherFinancialAssets": 19961,
      "investmentInEquityAccountedInvestee": 26492,
      "propertyPlantAndEquipment": 5220,
      "rightOfUseAssets": 0,
      "mineralPropertyInterest": 6596800,
      "totalNonCurrentAssets": 6648473,
      "totalAssets": 6808863,
      "tradeAndOtherPayables": 525375,
      "leaseLiabilities": 0,
      "totalCurrentLiabilities": 525375,
      "totalLiabilities": 525375,
      "shareCapital": 44017911,
      "foreignCurrencyTranslationReserve": -828863,
      "employeeShareOptionReserve": 496907,
      "nonControllingInterests": 44122,
      "accumulatedDeficit": -37446589,
      "totalShareholdersEquity": 6283488,
      "cashPerShare": 0.0006,
      "workingCapitalPerShare": -0.0033,
      "weightedAverageSharesOutstanding": 111183929
    },
    "incomeStatement": {
      "totalRevenue": 0,
      "generalAndAdministrativeExpenses": -735382,
      "depreciationAndAmortisation": -17316,
      "financeExpense": -1674,
      "totalExpenses": -754372,
      "lossFromOperations": -754372,
      "otherIncome": 24569,
      "rentReceived": 4055,
      "financeIncome": 15,
      "totalOtherIncome": 28639,
      "gainFromOtherIncomeBeforeTax": 28639,
      "incomeTaxExpense": 0,
      "netLossFromContinuingOperations": -725733,
      "otherComprehensiveIncome": -137074,
      "totalComprehensiveLoss": -862807,
      "basicLossPerShare": -0.007,
      "dilutedLossPerShare": -0.007,
      "weightedAverageSharesOutstanding": 111183929
    },
    "cashFlowStatement": {
      "interestReceived": 15,
      "rentReceived": 4055,
      "cashPaidToSuppliers": -358529,
      "interestPaid": 0,
      "netCashUsedInOperatingActivities": -354459,
      "depositIntoOtherFinancialAssets": 0,
      "paymentsForExplorationAndEvaluation": -57875,
      "netCashUsedInInvestingActivities": -57875,
      "principalElementsOfLeasePayments": -19005,
      "proceedsFromIssueOfShareCapitalNet": 274747,
      "advanceFromPotentialInvestor": 197032,
      "netCashFromFinancingActivities": 452774,
      "netIncreaseDecreaseInCash": 40440,
      "cashBeginning": 35206,
      "effectOfForex": -4205,
      "cashEnd": 71441
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Equity method investment",
        "description": "Investment in equity accounted investee",
        "ownershipPercentage": null,
        "value": 26492,
        "notes": "Refer to Note 3(a)"
      },
      {
        "type": "Other financial assets",
        "description": "Other financial assets (likely deposits)",
        "ownershipPercentage": null,
        "value": 19961,
        "notes": ""
      },
      {
        "type": "Mineral property",
        "description": "Phosphate mineral properties (Chatham Rise, Makatea, Korella)",
        "ownershipPercentage": null,
        "value": 6596800,
        "notes": "Includes capitalized exploration costs"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 115410765,
      "classesOfShares": ["Common shares"],
      "warrants": [
        { "number": 3173435, "exercisePrice": 0.45, "expiryDate": "2026-07-19" },
        { "number": 7201000, "exercisePrice": 0.45, "expiryDate": "2026-09-09" },
        { "number": 5380464, "exercisePrice": 0.45, "expiryDate": "2026-07-14" },
        { "number": 4623155, "exercisePrice": 0.45, "expiryDate": "2027-01-26" },
        { "number": 1599152, "exercisePrice": 0.20, "expiryDate": "2026-03-21" },
        { "number": 2764003, "exercisePrice": 0.10, "expiryDate": "2027-07-24" },
        { "number": 3162995, "exercisePrice": 0.12, "expiryDate": "2026-12-23" }
      ],
      "options": [
        { "number": 500000, "exercisePrice": 0.11, "expiryDate": "2029-10-08" },
        { "number": 1931000, "exercisePrice": 0.13, "expiryDate": "2026-10-20" },
        { "number": 8750000, "exercisePrice": 0.05, "expiryDate": "2035-11-24" }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-12-31": {
          "consultancyFees": 29245,
          "managementFees": 42914,
          "employeeBenefits": 50303,
          "directorsFees": 7311,
          "shareBasedPayments": 331225,
          "total": 460998
        },
        "2024-12-31": {
          "consultancyFees": 36096,
          "managementFees": 43835,
          "employeeBenefits": 45642,
          "directorsFees": 7468,
          "shareBasedPayments": 0,
          "total": 133041
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Directors",
          "description": "Amounts due to directors included in trade and other payables",
          "amount": 222194,
          "period": "2025-12-31"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2025-07-04",
        "description": "Non-binding term sheet signed with interested party for potential acquisition of up to 75% stake in Chatham Rise Project through earn-in program; due diligence period of nine months commenced.",
        "impactValue": null
      }
    ]
  }
]