SEDAR Interim Financial Statements

[
  {
    "companyName": "Mirasol Resources Ltd.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 2246642,
      "prepaidExpensesReceivablesAndAdvances": 102608,
      "currentPortionOfLeaseReceivable": 11068,
      "dueFromJvPartner": 41626,
      "marketableSecurities": 93404,
      "totalCurrentAssets": 2495345,
      "equipment": 53989,
      "rightOfUseOfAssets": 14056,
      "explorationAndEvaluationAssets": 1130208,
      "privateEquityInvestments": 138665,
      "totalNonCurrentAssets": 1336918,
      "totalAssets": 3832263,
      "accountsPayableAndAccruedLiabilities": 847480,
      "currentPortionOfLeaseLiability": 25828,
      "shareholderLoan": 1136233,
      "totalLiabilities": 2009541,
      "shareCapital": 77245567,
      "reserves": 22364602,
      "accumulatedOtherComprehensiveLoss": -36756,
      "deficit": -97750691,
      "totalEquity": 1822722,
      "totalLiabilitiesAndEquity": 3832263,
      "cashPerShare": 0.0271,
      "workingCapitalPerShare": 0.0059
    },
    "incomeStatement": {
      "optionIncome": 452057,
      "totalRevenue": 452057,
      "explorationExpenditures": 2269374,
      "businessDevelopment": 101455,
      "marketingAndInvestorCommunications": 173330,
      "managementFees": 223074,
      "officeAndMiscellaneous": 120668,
      "professionalFees": 132202,
      "directorFees": 18900,
      "travel": 8254,
      "transferAgentAndFilingFees": 11744,
      "shareBasedPayments": 99943,
      "depreciation": 31814,
      "totalExpenses": 3190758,
      "lossBeforeOtherItems": -2738701,
      "gainOnDisposalOfExplorationAndEvaluationAssets": 1810640,
      "financeCost": -254376,
      "interestIncome": 12002,
      "interestExpense": -144103,
      "foreignExchangeGainLoss": -15709,
      "unrealizedGainLossOnMarketableSecuritiesFairValue": 46703,
      "otherIncome": 242316,
      "totalOtherItems": 1697473,
      "netLoss": -1041228,
      "exchangeDifferencesOnTranslationOfForeignOperations": -843,
      "comprehensiveLoss": -1042071,
      "lossPerShareBasicAndDiluted": -0.01,
      "weightedAverageSharesOutstandingBasicAndDiluted": 82942164
    },
    "cashFlowStatement": {
      "netLoss": -1041228,
      "adjustmentsForInterestIncome": -12002,
      "adjustmentsForInterestExpense": 144103,
      "adjustmentsForFinanceCost": 254376,
      "adjustmentsForDepreciation": 31814,
      "adjustmentsForOtherIncomeExpense": 0,
      "adjustmentsForShareBasedPayments": 99943,
      "adjustmentsForUnrealizedGainLossOnMarketableSecuritiesFairValue": -46703,
      "adjustmentsForSettlementOfMineralPropertyInterest": -138665,
      "adjustmentsForGainOnDisposalOfExplorationAndEvaluationAssets": -1810640,
      "adjustmentsForUnrealizedForeignExchange": -4285,
      "totalAdjustments": -1482059,
      "changesInReceivablesAndAdvances": -11675,
      "changesInAccountsPayablesAndAccruedLiabilities": 82596,
      "changesInDueFromJointVenturePartner": -23579,
      "changesInNonCashWorkingCapitalItems": 47342,
      "cashUsedInOperatingActivities": -2475945,
      "proceedsOnDispositionOfExplorationAndEvaluationAssets": 2115948,
      "interestReceived": 10482,
      "cashFromMineralPropertiesOptions": 0,
      "cashProvidedByInvestingActivities": 2126430,
      "shareholderLoan": -2000000,
      "sharesIssuedNetOfIssuanceCosts": 2985365,
      "leasePaymentsNetOfReceipts": -22834,
      "cashProvidedByFinancingActivities": 962531,
      "effectOfExchangeRateChangeOnCashAndCashEquivalents": 554,
      "changeInCashAndCashEquivalents": 613570,
      "cashAndCashEquivalentsBeginningOfYear": 1633072,
      "cashAndCashEquivalentsEndOfYear": 2246642
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "1,037,794 common shares of Silver Sands Resources Corp.",
        "ownershipPercentage": null,
        "value": 93404,
        "notes": "Fair value gain of $46,703 recorded for the period. Market price $0.09 per share as of Dec 31, 2025."
      },
      {
        "type": "Private Equity Investment",
        "description": "758,000 shares of Copper Bay Resources received as settlement for Rubi project.",
        "ownershipPercentage": null,
        "value": 138665,
        "notes": "Recorded at cost of AUD $0.20 per share. Classified as financial asset at fair value through profit or loss."
      },
      {
        "type": "Mineral/Resource Property",
        "description": "Rosita property (Chile)",
        "ownershipPercentage": 100,
        "value": 105659,
        "notes": "Part of exploration and evaluation assets."
      },
      {
        "type": "Mineral/Resource Property",
        "description": "Virginia property (Argentina)",
        "ownershipPercentage": 100,
        "value": 1024549,
        "notes": "Part of exploration and evaluation assets. Subject to option agreement with Ampere Metals."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 88540939,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 3344725,
          "exercisePrice": 0.6,
          "expiryDate": "2026-12-16"
        }
      ],
      "options": [
        {
          "number": 2151250,
          "exercisePrice": 0.34,
          "expiryDate": "2026-09-14"
        },
        {
          "number": 200000,
          "exercisePrice": 0.8,
          "expiryDate": "2027-05-01"
        },
        {
          "number": 1271250,
          "exercisePrice": 0.68,
          "expiryDate": "2027-12-30"
        },
        {
          "number": 1563750,
          "exercisePrice": 0.72,
          "expiryDate": "2028-12-22"
        },
        {
          "number": 1586250,
          "exercisePrice": 0.55,
          "expiryDate": "2028-12-17"
        },
        {
          "number": 100000,
          "exercisePrice": 0.35,
          "expiryDate": "2030-09-01"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDec312025": {
          "managementCompensation": 136448,
          "shareBasedPayments": 16198,
          "directorsFees": 18900,
          "total": 171546
        },
        "sixMonthsEndedDec312025": {
          "managementCompensation": 257835,
          "shareBasedPayments": 34005,
          "directorsFees": 25200,
          "total": 317040
        },
        "threeMonthsEndedDec312024": {
          "managementCompensation": 153699,
          "shareBasedPayments": 240629,
          "directorsFees": 18900,
          "total": 413228
        },
        "sixMonthsEndedDec312024": {
          "managementCompensation": 308075,
          "shareBasedPayments": 282168,
          "directorsFees": 37800,
          "total": 628043
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Max Pinsky Personal Law Corporation",
          "description": "Legal fees",
          "amount": 71752,
          "period": "sixMonthsEndedDec312025"
        },
        {
          "counterparty": "Chase Management Ltd.",
          "description": "Professional fees",
          "amount": null,
          "period": "sixMonthsEndedDec312025"
        },
        {
          "counterparty": "Director (Lender)",
          "description": "Shareholder loan interest expense and transaction costs",
          "amount": 394932,
          "period": "sixMonthsEndedDec312025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-22",
        "description": "Signed definitive agreement with Argentina Metals Corp. and received 433,333 common shares for disposal of Mendoza portfolio.",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Received proceeds of $19,125 from exercise of 56,250 stock options at $0.34 per share.",
        "impactValue": 19125
      }
    ]
  }
]