None
SEDAR Interim Financial Statements
RKL · Price
[
{
"companyName": "Rockland Resources Ltd.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 182888,
"amountsReceivable": 21426,
"prepaidExpensesAndDeposits": 343675,
"currentAssets": 547989,
"reclamationBond": 88058,
"explorationAndEvaluationAssets": 1902103,
"totalAssets": 2538150,
"accountsPayableAndAccruedLiabilities": 92893,
"dueToRelatedParties": 5250,
"currentLiabilities": 98143,
"assetRetirementObligation": 24040,
"totalLiabilities": 122183,
"shareCapital": 9248758,
"reserves": 1467845,
"deficit": -8300636,
"totalShareholdersEquity": 2415967,
"totalLiabilitiesAndShareholdersEquity": 2538150,
"cashPerShare": 0.0047,
"workingCapitalPerShare": 0.0115
},
"incomeStatement": {
"consultingFees": 61070,
"filingAndTransferAgentFees": 11952,
"managementFees": 36000,
"officeAndMiscellaneous": 7478,
"professionalFees": 27897,
"shareBasedPayments": 70600,
"travelAndPromotion": 45710,
"expenses": 260707,
"changeInFairValueOfMarketableSecurities": 0,
"writeOffOfExplorationAndEvaluationAssets": -29300,
"netLossAndComprehensiveLoss": -290007,
"basicAndDilutedLossPerCommonShare": -0.01,
"weightedAverageNumberOfCommonSharesOutstanding": 39025492
},
"cashFlowStatement": {
"netLossForThePeriod": -290007,
"shareBasedPayment": 70600,
"foreignExchange": 753,
"changeInFairValueOfMarketableSecurities": 0,
"writeOffExplorationAndEvaluationCost": 0,
"changesInAmountsReceivable": -12757,
"changesInPrepaidExpensesAndDeposits": -300820,
"changesInAccountsPayableAndAccruedLiabilities": -2673,
"changesInDueToRelatedParties": -71550,
"netCashUsedInOperatingActivities": -606454,
"explorationAndEvaluationExpenditures": -50982,
"proceedsFromSaleOfMarketableSecurities": 0,
"netCashUsedInInvestingActivities": -50982,
"proceedsFromPrivatePlacements": 786200,
"shareSubscriptionReceivedInAdvance": 0,
"exerciseOfOptions": 37953,
"exerciseOfWarrants": 10500,
"repaymentFromLoanPayable": 0,
"netCashProvidedByFinancingActivities": 834653,
"changeInCashForThePeriod": 177217,
"cashBeginningOfPeriod": 23124,
"cashEndOfPeriod": 200341
},
"investmentsAndOtherAssets": [
{
"type": "Mineral Property",
"description": "Cole Gold Mines Property, Ontario",
"ownershipPercentage": 100,
"value": 1902103,
"notes": "28 mining claims in Red Lake Mining District, Ontario. Subject to a 2% NSR, of which 0.5% can be repurchased for $750,000."
},
{
"type": "Mineral Property",
"description": "Wapistan Lithium Project, Quebec",
"ownershipPercentage": 100,
"value": null,
"notes": "Optioned out to Recharge Metals Limited. Company retains a 2% NSR, half of which can be repurchased for $500,000."
},
{
"type": "Mineral Property",
"description": "Lithium Butte Property, Utah",
"ownershipPercentage": 100,
"value": null,
"notes": "524 lode claims. 100% of 464 claims, 90% of 60 claims. Subject to a 1.5% NSR, with a 0.5% buyback right for USD $1,000,000. Impaired and written off as of September 30, 2025."
},
{
"type": "Mineral Property",
"description": "Claybank Beryllium Project, Utah",
"ownershipPercentage": 100,
"value": null,
"notes": "Option to acquire 100% interest. Subject to a 2.5% NSR, of which 1% can be repurchased for USD $1,000,000. Impaired and written off as of September 30, 2025."
},
{
"type": "Marketable Securities",
"description": "Common shares of Metalsource Mining Inc. and Recharge Metals Limited",
"ownershipPercentage": null,
"value": 0,
"notes": "All marketable securities were sold during the year ended September 30, 2025."
},
{
"type": "Joint Venture/Subsidiary",
"description": "Rockland Lithium Corp.",
"ownershipPercentage": 100,
"value": null,
"notes": "Wholly-owned subsidiary incorporated in Utah on September 8, 2022."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 47218725,
"classesOfShares": ["Common shares without par value"],
"warrants": [
{
"number": 450000,
"exercisePrice": 0.25,
"expiryDate": "2026-03-21"
},
{
"number": 358400,
"exercisePrice": 0.1,
"expiryDate": "2026-06-26"
},
{
"number": 1725000,
"exercisePrice": 0.1,
"expiryDate": "2027-01-14"
},
{
"number": 4395000,
"exercisePrice": 0.1,
"expiryDate": "2027-01-24"
},
{
"number": 436000,
"exercisePrice": 0.1,
"expiryDate": "2027-01-24"
},
{
"number": 1000000,
"exercisePrice": 0.15,
"expiryDate": "2027-03-28"
},
{
"number": 9056667,
"exercisePrice": 0.1,
"expiryDate": "2028-06-26"
},
{
"number": 3000000,
"exercisePrice": 0.1,
"expiryDate": "2028-11-20"
},
{
"number": 7577500,
"exercisePrice": 0.12,
"expiryDate": "2029-12-16"
}
],
"options": [
{
"number": 195000,
"exercisePrice": 0.35,
"expiryDate": "2026-08-10"
},
{
"number": 425000,
"exercisePrice": 0.05,
"expiryDate": "2027-01-07"
},
{
"number": 80000,
"exercisePrice": 0.09,
"expiryDate": "2027-01-22"
},
{
"number": 700000,
"exercisePrice": 0.15,
"expiryDate": "2027-03-03"
},
{
"number": 280000,
"exercisePrice": 0.25,
"expiryDate": "2027-03-14"
},
{
"number": 25000,
"exercisePrice": 0.15,
"expiryDate": "2027-03-25"
},
{
"number": 200000,
"exercisePrice": 0.11,
"expiryDate": "2027-05-15"
},
{
"number": 550000,
"exercisePrice": 0.11,
"expiryDate": "2027-07-09"
},
{
"number": 120000,
"exercisePrice": 0.25,
"expiryDate": "2027-09-03"
},
{
"number": 200000,
"exercisePrice": 0.11,
"expiryDate": "2028-04-15"
},
{
"number": 750000,
"exercisePrice": 0.08,
"expiryDate": "2028-11-12"
},
{
"number": 275000,
"exercisePrice": 0.08,
"expiryDate": "2028-11-26"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"threeMonthsEndedDecember312025": {
"consultingFeesIncludingExploration": 27387,
"managementFees": 36000,
"shareBasedPayments": 26066,
"total": 89453
},
"threeMonthsEndedDecember312024": {
"consultingFeesIncludingExploration": 3000,
"managementFees": 36000,
"shareBasedPayments": 0,
"total": 39000
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Officers and directors",
"description": "Amounts due to related parties",
"amount": 29250,
"period": "As at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": null,
"description": "Issued 425,000 common shares pursuant to exercise of options for gross proceeds of $28,350.",
"impactValue": 28350
},
{
"eventDate": null,
"description": "Issued 874,000 common shares pursuant to exercise of warrants for gross proceeds of $87,400.",
"impactValue": 87400
},
{
"eventDate": null,
"description": "Closed a non-brokered private placement by issuance of 10,880,000 units at $0.10 per unit for aggregate gross proceeds of $1,088,000. Each unit comprises one common share and one warrant exercisable at $0.15 until January 21, 2029. Paid $5,800 in finders' fees.",
"impactValue": 1088000
},
{
"eventDate": null,
"description": "Closed a non-brokered private placement by issuance of 1,120,000 units at $0.10 per unit for aggregate gross proceeds of $112,000. Each unit comprises one common share and one warrant exercisable at $0.15 until January 21, 2029. Paid $2,000 in finders' fees and granted 1,120,000 finders' warrants.",
"impactValue": 112000
},
{
"eventDate": null,
"description": "Closed a non-brokered private placement by issuance of 1,375,000 units at $0.20 per unit for aggregate gross proceeds of $275,000. Each unit comprises one common share and one warrant exercisable at $0.28 until February 23, 2028.",
"impactValue": 275000
},
{
"eventDate": null,
"description": "Closed a non-brokered private placement by issuance of 1,000,000 flow-through units at $0.25 per unit for aggregate gross proceeds of $250,000. Each flow-through unit comprises one common share and one-half warrant exercisable at $0.35 until February 23, 2028.",
"impactValue": 250000
},
{
"eventDate": null,
"description": "Granted 2,000,000 stock options exercisable at $0.16 until January 30, 2029 to directors, officers and consultants.",
"impactValue": null
},
{
"eventDate": null,
"description": "Granted 500,000 stock options exercisable at $0.24 until February 6, 2031 to a consultant.",
"impactValue": null
}
]
}
]
More from Rockland Resources Ltd
Jun 25, 2026 · 08:30