None
SEDAR Interim Financial Statements
WG · Price
[
{
"companyName": "Westward Gold Inc.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 4939487,
"receivables": 66793,
"prepaidExpenses": 40371,
"totalCurrentAssets": 5046651,
"mineralAdvances": 65615,
"explorationAndEvaluationAssets": 13037166,
"reclamationDeposit": 218524,
"totalAssets": 18367956,
"accountsPayableAndAccruedLiabilities": 185585,
"totalCurrentLiabilities": 185585,
"totalLiabilities": 185585,
"shareCapital": 23900897,
"reserves": 2486717,
"subscriptionReceivedInAdvance": 0,
"deficit": -8205243,
"totalShareholdersEquity": 18182371,
"totalLiabilitiesAndShareholdersEquity": 18367956,
"cashPerShare": 0.0253,
"workingCapitalPerShare": 0.0248
},
"incomeStatement": {
"consultingFees": 90193,
"corporateCommunications": 125994,
"filingFees": 28219,
"foreignExchangeLoss": 74157,
"generalAndAdministrative": 36659,
"managementFees": 415479,
"professionalFees": 91324,
"shareBasedPayments": 716361,
"travel": 38031,
"netLossAndComprehensiveLoss": -1616417,
"basicAndDilutedNetLossPerShare": -0.01,
"weightedAverageNumberOfCommonSharesOutstanding": 195593711
},
"cashFlowStatement": {
"netLoss": -1616417,
"shareBasedPayments": 716361,
"foreignExchangeLoss": 74157,
"changesInReceivables": 4328,
"changesInPrepaidExpenses": 49151,
"changesInAccountsPayableAndAccruedLiabilities": 12982,
"netCashUsedInOperatingActivities": -759438,
"explorationAndEvaluationExpenditures": -4042972,
"mineralAdvances": -65615,
"reclamationDeposit": -27842,
"netCashUsedInInvestingActivities": -4136429,
"proceedsFromIssuanceOfUnits": 8649965,
"unitIssuanceCostsCash": -157907,
"unitsReturnedToTreasury": -8000,
"unitsReturnedToTreasuryIssuanceCosts": 560,
"exerciseOfWarrants": 509400,
"netCashProvidedByFinancingActivities": 8994018,
"netChangeInCash": 4098151,
"cashBeginningOfPeriod": 841336,
"cashEndOfPeriod": 4939487
},
"investmentsAndOtherAssets": [
{
"type": "Mineral/Resource Properties",
"description": "Toiyabe Hills Property (Nevada) - 737 unpatented mining claims, 100% ownership",
"ownershipPercentage": 100,
"value": 12806713,
"notes": "Comprises Toiyabe Property (165 claims, subject to 3.0% NSR to Minquest, half buyable for US$2M per 1%), Turquoise Canyon Property (197 claims, subject to 2.0% NSR to Elemental Altus Royalties Corp., half buyable for US$1M), East Saddle & East Saddle Extension Properties (375 claims, 100% owned)."
},
{
"type": "Mineral/Resource Properties",
"description": "Carlin Properties (Nevada) - Coyote and Rossi Claim Blocks, 100% ownership",
"ownershipPercentage": 100,
"value": 230453,
"notes": "Subject to 2.0% NSR on Coyote (half buyable for US$2M) and 1.0% NSR on Rossi (half buyable for US$1.5M); also existing 2.0% NSR on Rossi held by Nevada Select Royalty, Inc."
},
{
"type": "Marketable Securities",
"description": "Reclamation deposit",
"ownershipPercentage": null,
"value": 218524,
"notes": "Held with BLM for reclamation obligations."
}
],
"shareStructure": {
"authorizedShares": "unlimited",
"issuedShares": 233283083,
"classesOfShares": ["common shares"],
"warrants": [
{
"number": 3000000,
"exercisePrice": 0.15,
"expiryDate": "2026-03-09"
},
{
"number": 20792646,
"exercisePrice": 0.12,
"expiryDate": "2026-04-05"
},
{
"number": 341950,
"exercisePrice": 0.12,
"expiryDate": "2026-04-05"
},
{
"number": 14335000,
"exercisePrice": 0.12,
"expiryDate": "2026-12-12"
},
{
"number": 517825,
"exercisePrice": 0.12,
"expiryDate": "2026-12-12"
},
{
"number": 49899999,
"exercisePrice": 0.12,
"expiryDate": "2027-04-08"
},
{
"number": 1404388,
"exercisePrice": 0.12,
"expiryDate": "2027-04-08"
},
{
"number": 46818180,
"exercisePrice": 0.15,
"expiryDate": "2027-10-08"
},
{
"number": 1492636,
"exercisePrice": 0.13,
"expiryDate": "2027-10-08"
}
],
"options": [
{
"number": 1000000,
"exercisePrice": 0.18,
"expiryDate": "2026-04-09"
},
{
"number": 240000,
"exercisePrice": 0.167,
"expiryDate": "2026-04-14"
},
{
"number": 205000,
"exercisePrice": 0.12,
"expiryDate": "2026-05-07"
},
{
"number": 200000,
"exercisePrice": 0.3,
"expiryDate": "2026-06-02"
},
{
"number": 950000,
"exercisePrice": 0.24,
"expiryDate": "2026-07-05"
},
{
"number": 200000,
"exercisePrice": 0.24,
"expiryDate": "2026-07-22"
},
{
"number": 200000,
"exercisePrice": 0.24,
"expiryDate": "2026-08-16"
},
{
"number": 50000,
"exercisePrice": 0.24,
"expiryDate": "2026-09-23"
},
{
"number": 1350000,
"exercisePrice": 0.15,
"expiryDate": "2028-03-22"
},
{
"number": 600000,
"exercisePrice": 0.15,
"expiryDate": "2028-06-13"
},
{
"number": 2400000,
"exercisePrice": 0.15,
"expiryDate": "2028-11-24"
},
{
"number": 5000000,
"exercisePrice": 0.12,
"expiryDate": "2030-05-13"
}
],
"rightsConvertibleInstruments": "Restricted Share Units (RSUs): 7,900,000 outstanding as at Dec 31, 2025."
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"nineMonthsEndedDec312025": {
"consultingFees": 40693,
"managementFees": 415479,
"shareBasedCompensation": 555797,
"total": 1011969
},
"nineMonthsEndedDec312024": {
"consultingFees": 0,
"managementFees": 425213,
"shareBasedCompensation": 139926,
"total": 565139
}
},
"namedIndividuals": [
{
"name": "CEO (related company)",
"title": "Chief Executive Officer",
"period": "Nine months ended Dec 31, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 130000
}
},
{
"name": "CFO (related company)",
"title": "Chief Financial Officer",
"period": "Nine months ended Dec 31, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 130000
}
},
{
"name": "Vice-President Exploration",
"title": "Vice-President Exploration",
"period": "Nine months ended Dec 31, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 155479
}
},
{
"name": "Director",
"title": "Director",
"period": "Nine months ended Dec 31, 2025",
"components": {
"salary": null,
"bonus": null,
"total": 40693
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Directors and officers",
"description": "Amounts owing included in accounts payable and accrued liabilities",
"amount": 54448,
"period": "As at Dec 31, 2025"
},
{
"counterparty": "CEO",
"description": "Prepaid expenses",
"amount": 15000,
"period": "As at Dec 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Issued 200,000 common shares pursuant to the exercise of warrants.",
"impactValue": null
}
]
}
]
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Jun 22, 2026 · 07:30