None
SEDAR Interim Financial Statements
FPC · Price
[
{
"companyName": "Falco Resources Ltd.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cashAndCashEquivalents": 9531404,
"accountsReceivable": 632552,
"prepaidExpensesAndOtherAssets": 232882,
"totalCurrentAssets": 10396838,
"propertyPlantAndEquipment": 165836988,
"otherNonCurrentAssets": 1728528,
"totalNonCurrentAssets": 167565516,
"totalAssets": 177962354,
"accountsPayableAndAccruedLiabilities": 795876,
"convertibleLoan": 24511122,
"convertibleDebenture": 12490590,
"derivativeWarrantLiabilities": 4448522,
"deferredPremiumOnFlowThroughShares": null,
"totalCurrentLiabilities": 42246110,
"contractLiability": 69161322,
"deferredIncomeTaxes": 2336331,
"totalNonCurrentLiabilities": 71497653,
"totalLiabilities": 113743763,
"shareCapital": 152674313,
"warrants": 202705,
"contributedSurplus": 17911130,
"deficit": -106569557,
"totalEquity": 64218591,
"totalLiabilitiesAndEquity": 177962354,
"cashPerShare": 0.0297,
"workingCapitalPerShare": -0.0992
},
"incomeStatement": {
"consultingAndCompensation": 942938,
"shareBasedCompensation": 268271,
"professionalFees": 233743,
"investorAndShareholderRelations": 182878,
"officeAndAdministrative": 158763,
"depreciation": 13252,
"travel": 9048,
"explorationAndEvaluation": 1176934,
"refundableTaxCredits": -23000,
"costRecoveries": -96000,
"operatingLoss": -2866827,
"interestIncome": 69261,
"unrealizedLossGainOnDerivativeWarrantLiabilities": -121979,
"foreignExchangeLoss": -1244,
"otherIncomePremiumOnFlowThroughShares": 157871,
"lossBeforeIncomeTaxes": -2762918,
"deferredIncomeTaxRecovery": null,
"netLossAndComprehensiveLoss": -2762918,
"netLossPerCommonShareBasic": -0.01,
"netLossPerCommonShareDiluted": -0.01,
"weightedAverageNumberOfCommonSharesOutstandingBasic": 321143378,
"weightedAverageNumberOfCommonSharesOutstandingDiluted": 321143378
},
"cashFlowStatement": {
"netLoss": -2762918,
"shareBasedCompensation": 268271,
"depreciation": 13252,
"deferredIncomeTaxRecovery": null,
"otherIncomePremiumOnFlowThroughShares": -157871,
"unrealizedGainLossOnDerivativeWarrantLiabilities": 121979,
"changesInAccountsReceivable": -191630,
"changesInPrepaidExpensesAndOtherAssets": 137115,
"changesInAccountsPayableAndAccruedLiabilities": -504892,
"netCashFlowsUsedInOperatingActivities": -3076694,
"investmentsInPropertyPlantAndEquipment": -971346,
"netCashFlowsUsedInInvestingActivities": -971346,
"proceedsFromPrivatePlacement": 13121600,
"shareIssueCosts": -1062978,
"netCashFlowsFromFinancingActivities": 12058622,
"increaseInCashAndCashEquivalents": 8010582,
"cashAndCashEquivalentsBeginningOfPeriod": 1520822,
"cashAndCashEquivalentsEndOfPeriod": 9531404
},
"investmentsAndOtherAssets": [
{
"type": "Mineral/Resource Properties",
"description": "Horne 5 Project",
"ownershipPercentage": 100,
"value": null,
"notes": "Gold project in Rouyn-Noranda district, Québec. Subject to Silver Stream Agreement with OR Royalties."
},
{
"type": "Mineral/Resource Properties",
"description": "Norbec sites (Properties under option)",
"ownershipPercentage": 0,
"value": null,
"notes": "Option agreement with First Quantum Minerals Ltd. to acquire 100% interest. Option exercisable until December 31, 2026."
},
{
"type": "Marketable Securities",
"description": "Cash equivalents - redeemable term deposits",
"ownershipPercentage": null,
"value": 4080000,
"notes": "Weighted-average interest rate 2.6%, maturing until March 2026."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 346709643,
"classesOfShares": ["Common Shares"],
"warrants": [
{
"number": 88444152,
"exercisePrice": 0.43,
"expiryDate": "2027-04-17"
},
{
"number": 19332237,
"exercisePrice": 0.58,
"expiryDate": "2026-12-31"
},
{
"number": 21381422,
"exercisePrice": 0.38,
"expiryDate": "2026-12-31"
},
{
"number": 6320264,
"exercisePrice": 0.42,
"expiryDate": "2026-12-31"
}
],
"options": [
{
"number": 16335000,
"exercisePrice": 0.35,
"expiryDate": "2030-11-04"
},
{
"number": 400000,
"exercisePrice": 0.495,
"expiryDate": "2031-01-20"
}
],
"rightsConvertibleInstruments": "Convertible Loan and Convertible Debenture (see balance sheet liabilities)"
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedDec312025": {
"salariesAndShortTermEmployeeBenefits": 297812,
"shareBasedCompensation": 197896,
"total": 495708
},
"sixMonthsEndedDec312025": {
"salariesAndShortTermEmployeeBenefits": 662375,
"shareBasedCompensation": 241319,
"total": 903694
},
"threeMonthsEndedDec312024": {
"salariesAndShortTermEmployeeBenefits": 363067,
"shareBasedCompensation": 104353,
"total": 467420
},
"sixMonthsEndedDec312024": {
"salariesAndShortTermEmployeeBenefits": 726135,
"shareBasedCompensation": 208708,
"total": 934843
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "OR Royalties Inc",
"description": "Professional services and office space access",
"amount": 44000,
"period": "Six-months ended December 31, 2025"
},
{
"counterparty": "Associates of OR Royalties",
"description": "Professional services provided by the Company",
"amount": 96000,
"period": "Six-months ended December 31, 2025"
},
{
"counterparty": "OR Royalties Inc",
"description": "Interest on Convertible Loan (capitalized)",
"amount": 1578912,
"period": "Six-months ended December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-01-20",
"description": "Board approved grant of 400,000 Options to a consultant. Options have 12-month vesting, 5-year term, exercise price $0.495.",
"impactValue": null
},
{
"eventDate": "2026-01-30",
"description": "Amendment to Silver Stream Agreement with OR Royalties postpones certain deadlines for milestones to fund remaining instalments.",
"impactValue": null
}
]
}
]
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Jul 07, 2026 · 07:30