None
SEDAR Interim Financial Statements
ZNX · Price
[
{
"companyName": "ZincX Resources Corp.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cash": 533804,
"receivables": 18147,
"prepaidExpenses": 27193,
"totalCurrentAssets": 579144,
"otherAssets": 332500,
"equipment": 66266,
"explorationAndEvaluationAssets": 24258009,
"totalAssets": 25235919,
"tradesPayableAndAccruedLiabilities": 11283,
"dueToRelatedParties": 1398686,
"totalCurrentLiabilities": 1409969,
"convertibleNote": 473016,
"totalLiabilities": 1882985,
"capitalStock": 104328003,
"reserves": 15808744,
"deficit": -96783813,
"totalEquity": 23352934,
"cashPerShare": 0.0028,
"workingCapitalPerShare": -0.0044
},
"incomeStatement": {
"administration": 30000,
"accretionExpense": 12351,
"depreciationOfOfficeEquipment": 175,
"exploration": 15707,
"interestExpense": 12602,
"marketingAndPublicRelations": 25714,
"officeAndMiscellaneous": 27842,
"professionalFees": 12605,
"regulatoryAndTransferAgentFees": 10933,
"rent": 35223,
"shareBasedCompensationReversal": -3827,
"travelAndPromotion": 2366,
"wagesAndBenefits": 94622,
"lossBeforeOtherItems": -276313,
"interestIncome": 12350,
"otherIncome": 30000,
"netAndComprehensiveLossForThePeriod": -233963,
"earningsPerShareBasicAndDiluted": -0.001,
"weightedAverageNumberOfSharesOutstandingBasicAndDiluted": 187896141
},
"cashFlowStatement": {
"lossForThePeriod": -233963,
"depreciationOfOfficeEquipment": 8841,
"shareBasedCompensationReversal": -3827,
"accruedInterestOnConvertibleNote": 12602,
"accretionExpenseOnConvertibleNote": 12351,
"changesInReceivables": -13114,
"changesInPrepaidExpenses": -10119,
"changesInTradesPayableAndAccruedLiabilities": -43828,
"changesInDueToRelatedParties": -1000,
"netCashUsedInOperatingActivities": -272057,
"purchaseOfEquipment": 0,
"explorationAndEvaluationAsset": 100000,
"netCashGeneratedUsedInInvestingActivities": 100000,
"changeInCashDuringThePeriod": -172057,
"cashBeginningOfPeriod": 705861,
"cashEndOfPeriod": 533804
},
"investmentsAndOtherAssets": [
{
"type": "Mineral/Resource Properties",
"description": "Akie Property, British Columbia - 100% interest in flagship exploration project hosting Cardiac Creek SEDEX Zn-Pb-Ag deposit",
"ownershipPercentage": 100,
"value": 24165241,
"notes": "Acquired through expenditures and acquisition of Ecstall Mining Corporation"
},
{
"type": "Mineral/Resource Properties",
"description": "Kechika Regional project, British Columbia - 100% interest in series of contiguous property blocks including Pie and Mt. Alcock",
"ownershipPercentage": 100,
"value": 92768,
"notes": "Subject to 1.0% net smelter royalty on Mt. Alcock property; Pie property subject to 51% joint venture with Teck Resources Limited"
},
{
"type": "Marketable Securities",
"description": "Reclamation bonds deposited in GICs through financial institution",
"ownershipPercentage": null,
"value": 332500,
"notes": "Posted as security deposits with Government of British Columbia for Akie and Kechika Regional properties; earns variable interest rate"
},
{
"type": "Joint Ventures",
"description": "Pie, Cirque East and Yuen properties joint venture with Teck Resources Limited",
"ownershipPercentage": 49,
"value": null,
"notes": "Teck earned 51% interest; joint venture arrangement on 49%-51% basis with Teck as operator"
}
],
"shareStructure": {
"authorizedShares": "Unlimited common shares without par value",
"issuedShares": 187896141,
"classesOfShares": ["Common shares"],
"warrants": [],
"options": [
{
"number": 60000,
"exercisePrice": 0.33,
"expiryDate": "2026-07-03"
},
{
"number": 700000,
"exercisePrice": 0.12,
"expiryDate": "2026-07-03"
},
{
"number": 110000,
"exercisePrice": 0.4,
"expiryDate": "2026-09-13"
},
{
"number": 395000,
"exercisePrice": 0.12,
"expiryDate": "2026-09-13"
},
{
"number": 80000,
"exercisePrice": 0.3,
"expiryDate": "2028-02-09"
},
{
"number": 650000,
"exercisePrice": 0.12,
"expiryDate": "2028-02-09"
},
{
"number": 2475000,
"exercisePrice": 0.12,
"expiryDate": "2030-02-06"
},
{
"number": 3750000,
"exercisePrice": 0.1,
"expiryDate": "2033-09-23"
},
{
"number": 300000,
"exercisePrice": 0.1,
"expiryDate": "2033-09-23"
},
{
"number": 4250000,
"exercisePrice": 0.1,
"expiryDate": "2032-03-04"
},
{
"number": 150000,
"exercisePrice": 0.1,
"expiryDate": "2032-03-04"
}
],
"rightsConvertibleInstruments": "Convertible note for $500,000 principal, convertible at $0.105 per share until January 23, 2028"
},
"managementCompensation": {
"currency": "CAD",
"periods": {
"sixMonthsEndedDecember312025": {
"explorationAndEvaluationExpenditures": 0,
"administrativeFees": 30000,
"otherEmploymentBenefits": 12945,
"shareBasedCompensationReversal": -8343,
"total": 34602
},
"sixMonthsEndedDecember312024": {
"explorationAndEvaluationExpenditures": 40320,
"administrativeFees": 30000,
"otherEmploymentBenefits": 12945,
"shareBasedCompensation": 3140,
"total": 86405
}
},
"namedIndividuals": [],
"otherRelatedPartyTransactions": [
{
"counterparty": "Varshney Capital Corp. (VCC)",
"description": "Management and administrative services agreement",
"amount": 30000,
"period": "Six months ended December 31, 2025"
},
{
"counterparty": "Company owned by former VP of Exploration",
"description": "Geological consulting fees",
"amount": 0,
"period": "Six months ended December 31, 2025"
},
{
"counterparty": "Tongling Non-Ferrous Metals",
"description": "Advance to fund drill program on Akie Property",
"amount": 1398686,
"period": "Outstanding as at December 31, 2025"
}
]
},
"subsequentEvents": [
{
"eventDate": "2026-02-24",
"description": "Condensed interim consolidated financial statements authorized for issue by directors",
"impactValue": null
}
]
}
]
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