SEDAR Interim Financial Statements

[
  {
    "companyName": "Pacific Empire Minerals Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 402504,
      "receivables": 80502,
      "prepaidExpenses": 311090,
      "marketableSecurities": 44249,
      "totalCurrentAssets": 838345,
      "restrictedCash": 17500,
      "propertyAndEquipment": 33648,
      "reclamationDeposits": 84742,
      "explorationAndEvaluationAssets": 12563,
      "totalNonCurrentAssets": 148453,
      "totalAssets": 986798,
      "accountsPayableAndAccruedLiabilities": 80259,
      "dueToRelatedParties": 205163,
      "leaseLiabilityCurrent": 24108,
      "flowThroughShareLiability": 0,
      "totalCurrentLiabilities": 309530,
      "leaseLiabilityNonCurrent": 0,
      "totalNonCurrentLiabilities": 0,
      "totalLiabilities": 309530,
      "shareCapital": 9705068,
      "reserves": 567156,
      "subscriptionReceivedInAdvance": 65000,
      "deficit": -9659956,
      "totalShareholdersEquity": 677268,
      "totalLiabilitiesAndShareholdersEquity": 986798,
      "cashPerShare": 0.0021,
      "workingCapitalPerShare": 0.0027
    },
    "incomeStatement": {
      "explorationExpenditures": 1062240,
      "recoveries": 0,
      "netExplorationExpenditures": 1062240,
      "administrativeAndOffice": 80474,
      "amortization": 24729,
      "consultingAndDirectorsFees": 312083,
      "investorRelationsAndShareholderCommunication": 94064,
      "managementFees": 64500,
      "professionalFees": 109097,
      "shareBasedCompensation": 269729,
      "totalGeneralAndAdministrativeExpenses": 954676,
      "lossFromOperations": -2016916,
      "foreignExchangeLoss": -737,
      "interestIncome": 1186,
      "interestExpenseOnLeaseLiability": -2165,
      "fairValueAdjustmentsOnMarketableSecurities": -1825,
      "recoveryOfFlowThroughExpenditureCommitment": 110250,
      "gainOnDebtSettlement": 46260,
      "lossAndComprehensiveLossForThePeriod": -1863647,
      "basicAndDilutedLossPerCommonShare": -0.01,
      "weightedAverageNumberOfCommonShareOutstandingBasicAndDiluted": 160605968
    },
    "cashFlowStatement": {
      "netLoss": -1863947,
      "amortization": 29998,
      "shareBasedCompensation": 269729,
      "fairValueAdjustmentsOnMarketableSecurities": 1825,
      "interestIncome": -1186,
      "interestExpenseOnLeaseLiability": 2165,
      "recoveryOfFlowThroughShareLiability": -110250,
      "accrualForExplorationTaxCredits": 0,
      "gainOnDebtSettlement": -46260,
      "receivable": 58393,
      "prepaidExpenses": -245670,
      "accountsPayableAndAccruedLiabilities": 2158,
      "dueToRelatedParties": -6327,
      "netCashUsedInOperatingActivities": -1909372,
      "reclamationDeposits": -21800,
      "interestReceivedOnCash": 0,
      "purchaseOfPropertyAndEquipmentNet": 0,
      "refundOfRestrictedCash": 0,
      "netCashUsedInInvestingActivities": -21800,
      "proceedsFromPrivatePlacements": 1826992,
      "shareIssuanceCosts": -66202,
      "proceedsFromOptionsExercise": 25000,
      "proceedsFromWarrantsExercise": 314250,
      "subscriptionsReceivedInAdvance": 65000,
      "leasePayments": -19711,
      "netCashProvidedByFinancingActivities": 2145329,
      "netChange": 214157,
      "cashBeginningOfPeriod": 188347,
      "cashEndOfPeriod": 402504
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Fair value through profit or loss",
        "ownershipPercentage": null,
        "value": 44249,
        "notes": "Cost: $81,711; Accumulated unrealized loss: ($37,462)"
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Exploration and evaluation assets",
        "ownershipPercentage": null,
        "value": 12563,
        "notes": "No changes during the period"
      },
      {
        "type": "Reclamation Deposits",
        "description": "Held as security for mineral titles",
        "ownershipPercentage": null,
        "value": 84742,
        "notes": "To be returned upon reclamation completion"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares and preferred shares",
      "issuedShares": 201072965,
      "classesOfShares": ["Common shares"],
      "warrants": [
        {
          "number": 466666,
          "exercisePrice": 0.1,
          "expiryDate": "2026-12-29"
        },
        {
          "number": 1015000,
          "exercisePrice": 0.1,
          "expiryDate": "2027-01-16"
        },
        {
          "number": 11850000,
          "exercisePrice": 0.08,
          "expiryDate": "2027-05-06"
        },
        {
          "number": 521500,
          "exercisePrice": 0.08,
          "expiryDate": "2027-05-06"
        },
        {
          "number": 12875000,
          "exercisePrice": 0.05,
          "expiryDate": "2027-08-08"
        },
        {
          "number": 472500,
          "exercisePrice": 0.05,
          "expiryDate": "2027-08-08"
        },
        {
          "number": 21122570,
          "exercisePrice": 0.05,
          "expiryDate": "2027-10-06"
        },
        {
          "number": 16175000,
          "exercisePrice": 0.06,
          "expiryDate": "2027-10-06"
        },
        {
          "number": 1329830,
          "exercisePrice": 0.05,
          "expiryDate": "2027-10-06"
        },
        {
          "number": 1877200,
          "exercisePrice": 0.05,
          "expiryDate": "2027-10-14"
        },
        {
          "number": 1875000,
          "exercisePrice": 0.06,
          "expiryDate": "2027-10-14"
        },
        {
          "number": 210154,
          "exercisePrice": 0.05,
          "expiryDate": "2027-10-14"
        }
      ],
      "options": [
        {
          "number": 4500000,
          "exercisePrice": 0.05,
          "expiryDate": "2027-03-01"
        },
        {
          "number": 1000000,
          "exercisePrice": 0.06,
          "expiryDate": "2027-05-07"
        },
        {
          "number": 7700000,
          "exercisePrice": 0.05,
          "expiryDate": "2030-10-06"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedDecember312025": {
          "consultingFees": 130250,
          "managementFees": 35000,
          "directorFees": 27000,
          "shareBasedPayments": 153324,
          "total": 345574
        },
        "nineMonthsEndedDecember312024": {
          "consultingFees": 121500,
          "managementFees": 67500,
          "directorFees": 26000,
          "shareBasedPayments": 38364,
          "total": 253364
        }
      },
      "namedIndividuals": [
        {
          "name": "Brad Peters",
          "title": "Chief Executive Officer",
          "period": "Nine months ended December 31, 2025",
          "components": {
            "salary": 121500,
            "bonus": null,
            "total": 190898
          }
        },
        {
          "name": "Chief Financial Officer",
          "title": "Chief Financial Officer",
          "period": "Nine months ended December 31, 2025",
          "components": {
            "salary": 8750,
            "bonus": null,
            "total": 20979
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Seabord Management Corp.",
          "description": "Provided CFO, Corporate Secretary, accounting/administration staff, and office space",
          "amount": 35660,
          "period": "Nine months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Issued 5,600,000 common shares pursuant to the exercise of warrants",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Issued 3,215,000 common shares pursuant to the exercise of options",
        "impactValue": null
      },
      {
        "eventDate": null,
        "description": "Granted 1,000,000 stock options exercisable at $0.08 and expiring on February 17, 2031",
        "impactValue": null
      }
    ]
  }
]