SEDAR Interim Financial Statements

[
  {
    "companyName": "Pure Energy Minerals Limited",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 367834,
      "goodsAndServicesTaxReceivable": 6768,
      "prepaidExpenses": 378164,
      "totalCurrentAssets": 752766,
      "explorationAndEvaluationAssets": 35184418,
      "totalAssets": 35937184,
      "accountsPayableAndAccruedLiabilities": 158166,
      "advancedRoyalty": null,
      "totalCurrentLiabilities": 158166,
      "totalLiabilities": 158166,
      "shareCapital": 59731784,
      "reserves": 3315599,
      "foreignCurrencyTranslationReserve": 83818,
      "deficit": -27352183,
      "totalShareholdersEquity": 35779018,
      "totalLiabilitiesAndShareholdersEquity": 35937184,
      "cashPerShare": 0.0108,
      "workingCapitalPerShare": 0.0175
    },
    "incomeStatement": {
      "revenue": 277253,
      "expenses": {
        "bankChargesAndInterest": 609,
        "investorRelations": 12726,
        "managementFeesAndSalaries": 119951,
        "officeAndRent": 46294,
        "professionalFees": 54708,
        "shareBasedCompensation": 27505,
        "transferAgentAndFilingFees": 31407,
        "travel": 5297
      },
      "totalExpenses": 298497,
      "incomeLossBeforeOtherItems": -21244,
      "otherItems": {
        "foreignExchangeGainLoss": -3356,
        "gainOnWriteDownOfAccountsPayable": null,
        "bankInterestIncome": 7
      },
      "totalOtherItems": -3349,
      "netIncomeLossForThePeriod": -24593,
      "otherComprehensiveIncomeLoss": {
        "foreignCurrencyTranslationAdjustment": 6160
      },
      "comprehensiveIncomeLossForThePeriod": -18433,
      "earningsLossPerShareBasic": -0.00,
      "earningsLossPerShareDiluted": -0.00,
      "weightedAverageNumberOfCommonSharesOutstandingBasic": 33967983,
      "weightedAverageNumberOfCommonSharesOutstandingDiluted": 33967983
    },
    "cashFlowStatement": {
      "operatingActivities": {
        "netIncomeLossForTheYear": -24593,
        "itemsNotInvolvingCash": {
          "unrealizedGainOnForeignExchange": 1929,
          "shareBasedCompensation": 27505
        },
        "totalItemsNotInvolvingCash": 29434,
        "netChangesInNonCashWorkingCapitalItems": {
          "goodsAndServicesTaxReceivable": -4955,
          "prepaidExpenses": -139603,
          "accountsPayableAndAccruedLiabilities": 21991,
          "advancedRoyalty": -136430
        },
        "totalNetChangesInNonCashWorkingCapitalItems": -254997,
        "netCashUsedInOperatingActivities": -254156
      },
      "investingActivities": {},
      "financingActivities": {},
      "effectOfExchangeRateChangesOnCash": 1675,
      "changeInCashDuringThePeriod": -252481,
      "cashBeginningOfThePeriod": 620315,
      "cashEndOfThePeriod": 367834
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Clayton Valley Claims (CV Project) - Acquisition costs and exploration/evaluation assets",
        "ownershipPercentage": 100,
        "value": 35184418,
        "notes": "Subject to Earn-In Agreement with Schlumberger Technology Corporation (SLB). SLB holds an earn-in option expiring March 17, 2026. Company retains royalty rights."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Railroad Valley Property - Option to acquire up to 85% interest",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Letter of Intent with Ameriwest Lithium Inc. Initial option deposit and claim maintenance payments capitalized as prepaid expenses."
      },
      {
        "type": "Investment",
        "description": "Investment in subsidiaries (0891884 B.C. Ltd., Esmeralda Minerals, LLC, 1056625 B.C. Ltd., 1061582 B.C. Ltd., LT Capital Holdings, LLC)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Fully consolidated. Esmeralda Minerals, LLC functional currency is USD."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 33967983,
      "classesOfShares": ["Common shares without par value"],
      "warrants": [],
      "options": [
        {
          "number": 150000,
          "exercisePrice": 0.54,
          "expiryDate": "2028-02-27"
        },
        {
          "number": 974820,
          "exercisePrice": 0.83,
          "expiryDate": "2028-10-04"
        },
        {
          "number": 800000,
          "exercisePrice": 0.30,
          "expiryDate": "2029-08-21"
        },
        {
          "number": 364228,
          "exercisePrice": 0.30,
          "expiryDate": "2030-11-20"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDecember312025": {
          "managementFeesAndSalaries": 93706,
          "shareBasedCompensationOfficersAndManagement": 25188,
          "shareBasedCompensationDirectors": 1603,
          "shareBasedCompensationCompanyControlledByFormerCFO": 234,
          "total": 120731
        },
        "sixMonthsEndedDecember312024": {
          "managementFeesAndSalaries": 116231,
          "shareBasedCompensationOfficersAndManagement": 20136,
          "shareBasedCompensationDirectors": 128774,
          "shareBasedCompensationCompanyControlledByFormerCFO": 884,
          "total": 266025
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company controlled by a former officer",
          "description": "Professional fees",
          "amount": 39936,
          "period": "sixMonthsEndedDecember312025"
        },
        {
          "counterparty": "Directors, officers, and companies controlled by them",
          "description": "Accounts payable and accrued liabilities for management fees, salaries, expenses",
          "amount": 8028,
          "period": "As at December 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]