SEDAR Interim Financial Statements

[
  {
    "companyName": "Vortex Energy Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 918519,
      "accountsReceivable": 49838,
      "prepaidExpenses": 3952,
      "totalCurrentAssets": 972309,
      "explorationAndEvaluationAssets": 10043453,
      "totalAssets": 11015762,
      "accountsPayableAndAccruedLiabilities": 92763,
      "totalLiabilities": 92763,
      "shareCapital": 22113075,
      "reserves": 2163742,
      "deficit": -13353818,
      "totalShareholdersEquity": 10922999,
      "totalLiabilitiesAndShareholdersEquity": 11015762,
      "cashPerShare": 0.0613,
      "workingCapitalPerShare": 0.0589
    },
    "incomeStatement": {
      "advertisingAndMarketing": 700025,
      "amortization": 0,
      "consultingFees": 78000,
      "filingFees": 50928,
      "managementFees": 180000,
      "officeAndMiscellaneous": 17237,
      "professionalFees": 30893,
      "shareBasedCompensation": 0,
      "totalOperatingExpenses": -1057083,
      "netAndComprehensiveLoss": -1057083,
      "lossPerShareBasicAndDiluted": -0.07,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 14581133
    },
    "cashFlowStatement": {
      "netLoss": -1057083,
      "amortization": 0,
      "shareBasedCompensation": 0,
      "changesInAccountsReceivable": -26725,
      "changesInPrepaidExpenses": 288179,
      "changesInAccountsPayableAndAccruedLiabilities": -88964,
      "cashUsedInOperatingActivities": -884593,
      "explorationAndEvaluationAssets": -65054,
      "cashUsedInInvestingActivities": -65054,
      "proceedsFromWarrantExercises": 456369,
      "cashReceivedFromFinancingActivities": 456369,
      "netChangeInCash": -493278,
      "cashBeginningOfPeriod": 1411797,
      "cashEndOfPeriod": 918519
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Property",
        "description": "Robinsons River Salt Property (100% owned via Blue Ocean Salt Corp.)",
        "ownershipPercentage": 100,
        "value": 9525478,
        "notes": "Acquired via share acquisition. 687 claims covering 17,139 hectares in Newfoundland."
      },
      {
        "type": "Mineral/Resource Property",
        "description": "Fire Eye Property (under option agreement)",
        "ownershipPercentage": null,
        "value": 517975,
        "notes": "Option to purchase. Expenditure and payment obligations outlined in Note 5b."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 15033701,
      "classesOfShares": ["Common shares"],
      "warrants": [
        {
          "number": 375000,
          "exercisePrice": 5.00,
          "expiryDate": "2026-01-09"
        },
        {
          "number": 10375,
          "exercisePrice": 4.00,
          "expiryDate": "2026-03-25"
        }
      ],
      "options": [
        {
          "number": 100000,
          "exercisePrice": 2.25,
          "expiryDate": "2026-03-17"
        },
        {
          "number": 60000,
          "exercisePrice": 6.50,
          "expiryDate": "2026-04-26"
        },
        {
          "number": 35000,
          "exercisePrice": 9.80,
          "expiryDate": "2026-06-13"
        },
        {
          "number": 450000,
          "exercisePrice": 0.39,
          "expiryDate": "2026-12-04"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDecember312025": {
          "managementFees": 180000,
          "shareBasedCompensation": 0
        },
        "sixMonthsEndedDecember312024": {
          "managementFees": 180000,
          "shareBasedCompensation": 37933
        }
      },
      "namedIndividuals": [
        {
          "name": "CEO and Director",
          "title": "CEO/Director",
          "period": "Six months ended December 31, 2025",
          "components": {
            "salary": 90000,
            "bonus": null,
            "total": 90000
          }
        },
        {
          "name": "CFO",
          "title": "CFO",
          "period": "Six months ended December 31, 2025",
          "components": {
            "salary": 60000,
            "bonus": null,
            "total": 60000
          }
        },
        {
          "name": "Director",
          "title": "Director",
          "period": "Six months ended December 31, 2025",
          "components": {
            "salary": 15000,
            "bonus": null,
            "total": 15000
          }
        },
        {
          "name": "Director",
          "title": "Director",
          "period": "Six months ended December 31, 2025",
          "components": {
            "salary": 15000,
            "bonus": null,
            "total": 15000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Companies controlled by corporate officers and directors",
          "description": "Accounts payable and accrued liabilities due",
          "amount": 23625,
          "period": "As at December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-02-27",
        "description": "Financial statements approved for issuance by the Board of Directors.",
        "impactValue": null
      }
    ]
  }
]