SEDAR Interim Financial Statements

[
  {
    "companyName": "GOLDSTORM METALS CORP.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 695211,
      "gstReceivable": 40308,
      "prepaidsAndDeposits": 8180,
      "dueFromRelatedParties": 0,
      "totalCurrentAssets": 743699,
      "reclamationDeposits": 84900,
      "explorationAndEvaluationAssets": 17985174,
      "plantPropertyAndEquipment": 65696,
      "totalAssets": 18879469,
      "accountsPayableAndAccruedLiabilities": 150262,
      "dueToRelatedParties": 101740,
      "loanPayableToRelatedParty": 0,
      "totalCurrentLiabilities": 252002,
      "totalLiabilities": 252002,
      "shareCapital": 20588122,
      "equityReserves": 1937573,
      "deficit": -3898228,
      "totalShareholdersEquity": 18627467,
      "totalLiabilitiesAndShareholdersEquity": 18879469,
      "cashPerShare": 0.0068,
      "workingCapitalPerShare": 0.0048
    },
    "incomeStatement": {
      "consultingFees": 186620,
      "depreciation": 6796,
      "directorsFees": 13846,
      "officeAndMiscellaneous": 198417,
      "professionalFees": 80643,
      "rent": 11920,
      "shareholderInformation": 180123,
      "shareBasedCompensation": 483692,
      "transferAgentAndFilingFees": 10195,
      "travel": 28727,
      "totalOperatingExpenses": -1200979,
      "foreignExchangeLoss": -2345,
      "interestIncome": 0,
      "interestOnLoan": -3490,
      "settlementOfFlowThroughSharePremiumLiabilities": 308000,
      "lossAndComprehensiveLossForThePeriod": -898814,
      "lossPerShareBasicAndDiluted": -0.01,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 93860099
    },
    "cashFlowStatement": {
      "lossForThePeriod": -898814,
      "depreciation": 6796,
      "interestOnLoan": 3490,
      "settlementOfFlowThroughSharePremiumLiabilities": -308000,
      "shareBasedCompensation": 483692,
      "gstReceivable": -40308,
      "interestReceivable": 0,
      "prepaidsAndDeposits": 12785,
      "accountsPayableAndAccruedLiabilities": 58348,
      "dueToFromRelatedParties": 147638,
      "cashAndCashEquivalentsUsedInOperatingActivities": -534373,
      "equipmentPurchased": -72492,
      "reclamationDeposit": 0,
      "explorationAndEvaluationAssetsExpenditures": -1211760,
      "cashAndCashEquivalentsUsedInInvestingActivities": -1284252,
      "proceedsFromPrivatePlacement": 2088904,
      "shareIssuanceCosts": -111150,
      "proceedsFromExerciseOfWarrants": 620000,
      "proceedsFromRepaymentOfLoanPayable": -208054,
      "cashAndCashEquivalentsProvidedByFinancingActivities": 2389700,
      "changeInCashAndCashEquivalents": 571075,
      "cashAndCashEquivalentsBeginningOfPeriod": 124136,
      "cashAndCashEquivalentsEndOfPeriod": 695211
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Crown Property - Mackie East and Mackie West (collectively the Mackie Property). Mackie East subject to 2.5% NSR royalty.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired via plan of arrangement with Tudor Gold Corp."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Crown Property - Electrum. Comprises eight claims, six subject to a 2% NSR royalty purchasable for $1,000,000.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": null
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Crown Property - Orion. Subject to a 2.5% NSR royalty.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": null
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Crown Property - Fairweather, Delta, and High North.",
        "ownershipPercentage": 100,
        "value": null,
        "notes": null
      },
      {
        "type": "Reclamation Deposits",
        "description": "Reclamation deposit posted relating to the Electrum and Mackie properties.",
        "ownershipPercentage": null,
        "value": 84900,
        "notes": null
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 107428715,
      "classesOfShares": ["Common shares"],
      "warrants": [
        {
          "number": 6470740,
          "exercisePrice": 0.10,
          "expiryDate": "2027-06-26"
        },
        {
          "number": 500000,
          "exercisePrice": 0.10,
          "expiryDate": "2027-06-26"
        },
        {
          "number": 608519,
          "exercisePrice": 0.1008,
          "expiryDate": "2027-06-26"
        }
      ],
      "options": [
        {
          "number": 150000,
          "exercisePrice": 0.35,
          "expiryDate": "2026-12-18"
        },
        {
          "number": 4400000,
          "exercisePrice": 0.26,
          "expiryDate": "2030-11-10"
        },
        {
          "number": 5500000,
          "exercisePrice": 0.11,
          "expiryDate": "2030-07-08"
        }
      ],
      "rightsConvertibleInstruments": "Under the plan of arrangement, holders of Tudor’s warrants, upon exercise, will receive one Tudor common share and 0.251 of a Goldstorm common share."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedDec312025": {
          "consultingFees": 108000,
          "bonusCompensation": 70000,
          "directorsFees": 13846,
          "professionalFees": 56318,
          "rent": 11920,
          "leaseExpenses": 6300,
          "shareBasedCompensation": 240519
        },
        "nineMonthsEndedDec312024": {
          "consultingFees": 129000,
          "bonusCompensation": 0,
          "directorsFees": 13615,
          "professionalFees": 51900,
          "rent": 11579,
          "leaseExpenses": 115875,
          "shareBasedCompensation": 0
        }
      },
      "namedIndividuals": [
        {
          "name": "Ken Konkin",
          "title": "Chief Executive Officer, Director",
          "period": "nineMonthsEndedDec312025",
          "components": {
            "salary": 108000,
            "bonus": 70000,
            "total": 178000
          }
        },
        {
          "name": "Helmut Finger",
          "title": "Director",
          "period": "nineMonthsEndedDec312025",
          "components": {
            "salary": 27000,
            "bonus": null,
            "total": 27000
          }
        },
        {
          "name": "Jeff Rowe",
          "title": "Director",
          "period": "nineMonthsEndedDec312025",
          "components": {
            "salary": 13846,
            "bonus": null,
            "total": 13846
          }
        },
        {
          "name": "Ronald Stoeferle",
          "title": "Director",
          "period": "nineMonthsEndedDec312025",
          "components": {
            "salary": 36000,
            "bonus": null,
            "total": 36000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Accounting firm (Scott Davis, CFO partner)",
          "description": "Management, accounting and administrative services",
          "amount": 56318,
          "period": "nineMonthsEndedDec312025"
        },
        {
          "counterparty": "Company controlled by Natalie Senger",
          "description": "Consulting services capitalized to exploration",
          "amount": 0,
          "period": "nineMonthsEndedDec312025"
        },
        {
          "counterparty": "Tudor Gold Corp.",
          "description": "Rent expense",
          "amount": 11920,
          "period": "nineMonthsEndedDec312025"
        },
        {
          "counterparty": "Tudor Gold Service Corporation (TGSC)",
          "description": "Lease expenses for field equipment, vehicles, storage, accommodation, bridge (capitalized)",
          "amount": 6300,
          "period": "nineMonthsEndedDec312025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "475,341 finder's warrants exercised subsequent to December 31, 2025.",
        "impactValue": null
      }
    ]
  }
]