SEDAR Interim Financial Statements

[
  {
    "companyName": "Silver Tiger Metals Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 69265751,
      "salesTaxRecoverable": 216450,
      "depositsAndPrepaidExpenses": 198958,
      "totalCurrentAssets": 69681159,
      "propertyAndEquipment": 518932,
      "resourceProperties": 86295895,
      "totalAssets": 156495986,
      "accountsPayableAndAccruedLiabilities": 2221558,
      "totalCurrentLiabilities": 2221558,
      "shareCapital": 184072095,
      "contributedSurplus": 10227588,
      "deficit": -40025255,
      "totalEquity": 154274428,
      "totalLiabilitiesAndEquity": 156495986,
      "cashPerShare": 0.1473,
      "workingCapitalPerShare": 0.1435
    },
    "incomeStatement": {
      "consultingFees": 877500,
      "depreciation": 795,
      "duesAndFees": 65893,
      "insurance": 126169,
      "officeAndOther": 146790,
      "professionalFees": 377157,
      "shareholderCommunication": 1040849,
      "stockBasedCompensation": 828000,
      "travel": 257799,
      "wagesAndBenefits": 362547,
      "totalOperatingExpenses": 4083499,
      "interestIncome": -463992,
      "foreignExchangeLoss": 44791,
      "netLossAndComprehensiveLoss": -3664298,
      "netLossPerShareBasicAndDiluted": -0.01,
      "weightedAverageOutstandingCommonSharesBasicAndDiluted": 428734840
    },
    "cashFlowStatement": {
      "netLossAndComprehensiveLoss": -3664298,
      "stockBasedCompensation": 828000,
      "interestIncome": -29000,
      "depreciationExpense": 795,
      "adjustmentsTotal": -2835503,
      "decreaseIncreaseInSalesTaxRecoverable": -104643,
      "decreaseIncreaseInPrepaidExpenses": 82699,
      "increaseDecreaseInAccountsPayableAndAccruedLiabilities": 1037110,
      "netChangesInNonCashWorkingCapitalBalances": -1820337,
      "cashUsedInOperatingActivities": -1820337,
      "expendituresOnResourceProperties": -9513770,
      "cashUsedInInvestingActivities": -9513770,
      "proceedsFromIssuanceOfCommonShares": 83777150,
      "shareIssueCostsPaid": -6116045,
      "proceedsFromExerciseOfStockOptions": 222288,
      "payrollWithholdingTaxesPaidOnExerciseOfStockOptions": -475197,
      "cashProvidedByFinancingActivities": 77408196,
      "netChangeInCashDuringThePeriods": 66074089,
      "cashBeginningOfPeriods": 3191662,
      "cashEndOfPeriods": 69265751
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "El Tigre Property - nine Mexican Federal mining concessions in Sonora State, 100% held through subsidiaries",
        "ownershipPercentage": 100,
        "value": 86295895,
        "notes": "Acquired via arrangement with El Tigre Silver Corp. Land access agreement with payments; transfer of ownership in process."
      },
      {
        "type": "Marketable Securities",
        "description": "Cash held with high-quality financial institutions in Canada and Mexico",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Primary liquidity management; includes USD and Pesos holdings."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 508598141,
      "classesOfShares": ["Common shares"],
      "warrants": [],
      "options": [
        {
          "number": 21131250,
          "exercisePrice": 0.29,
          "expiryDate": null
        }
      ],
      "rightsConvertibleInstruments": "Deferred Share Units (DSUs) plan; 9,995,000 DSUs outstanding as at Dec 31, 2025."
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedDec312025": {
          "consultingFeesCEOCorporation": 406250,
          "consultingFeesCFOCorporation": 133750,
          "geologicalConsultingVPExploration": 49500,
          "stockBasedCompensationOptions": 480000,
          "stockBasedCompensationDSUs": 348000
        },
        "nineMonthsEndedDec312024": {
          "consultingFeesCEOCorporation": 281250,
          "consultingFeesCFOCorporation": 93750,
          "geologicalConsultingVPExploration": 49500,
          "stockBasedCompensationOptions": 469000,
          "stockBasedCompensationDSUs": 410000
        }
      },
      "namedIndividuals": [
        {
          "name": "Glenn Jessome",
          "title": "President and Chief Executive Officer",
          "period": "Nine months ended Dec 31, 2025",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 406250
          }
        },
        {
          "name": "Keith Abriel",
          "title": "Chief Financial Officer",
          "period": "Nine months ended Dec 31, 2025",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 133750
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Companies owned by CEO, CFO, VP Exploration",
          "description": "Accounts payable and accrued liabilities due",
          "amount": 11464,
          "period": "As at Dec 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-02-18",
        "description": "Closed bought deal offering of 49,146,400 common shares at $1.17 per share for gross proceeds of $57,501,288",
        "impactValue": 57501288
      },
      {
        "eventDate": "After Dec 31, 2025",
        "description": "Granted 2,640,000 stock options at $1.27 exercise price and 2,625,000 restricted share units, both vesting over 3 years",
        "impactValue": null
      },
      {
        "eventDate": "After Dec 31, 2025",
        "description": "450,000 stock options exercised at $0.17, settled net, issuing 354,297 common shares",
        "impactValue": null
      }
    ]
  }
]