SEDAR Interim Financial Statements

[
  {
    "companyName": "XPLORE RESOURCES CORP.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 358208,
      "otherReceivables": 11950,
      "prepaidExpenses": 9205,
      "explorationAndEvaluationDeposits": null,
      "totalCurrentAssets": 379363,
      "explorationAndEvaluationAssets": 1681927,
      "totalAssets": 2061290,
      "accountsPayableAndAccruedLiabilities": 637174,
      "totalCurrentLiabilities": 637174,
      "totalLiabilities": 637174,
      "commonShares": 6082491,
      "shareBasedPaymentsReserve": 205924,
      "deficit": -4864299,
      "totalEquity": 1424116,
      "totalLiabilitiesAndEquity": 2061290,
      "cashPerShare": 0.0068,
      "workingCapitalPerShare": -0.0049
    },
    "incomeStatement": {
      "consultingFees": 67500,
      "impairmentOfExplorationAndEvaluationAssets": null,
      "occupancyCost": 23000,
      "officeAndGeneral": 23645,
      "professionalFees": 43977,
      "shareholderCommunicationAndPromotion": 30995,
      "transferAgentAndFilingFees": 6458,
      "totalExpenses": -195575,
      "interestIncome": 4,
      "lossAndComprehensiveLossForThePeriod": -195571,
      "basicAndDilutedLossPerShare": -0.0037,
      "weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 52601505
    },
    "cashFlowStatement": {
      "lossForThePeriod": -195571,
      "impairmentOfExplorationAndEvaluationAssets": null,
      "changesInNonCashWorkingCapitalOtherReceivables": 17555,
      "changesInNonCashWorkingCapitalPrepaidExpenses": 127570,
      "changesInNonCashWorkingCapitalAccountsPayableAndAccruedLiabilities": 113971,
      "cashProvidedByUsedInOperatingActivities": 63525,
      "explorationAndEvaluationAssetExpenditures": -107143,
      "explorationAndEvaluationDepositsRefunded": 397950,
      "explorationAndEvaluationDepositsPaid": null,
      "cashProvidedByUsedInInvestingActivities": 290807,
      "inflowOutflowOfCash": 354332,
      "cashBeginningOfPeriod": 3876,
      "cashEndOfPeriod": 358208,
      "incomeTaxesPaid": null,
      "interestPaid": null,
      "nonCashInvestingAndFinancingActivitiesExplorationAndEvaluationAssetExpendituresIncludedInAccountsPayableAndAccruedLiabilities": 58871
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral/Resource Properties",
        "description": "Surge Root Project (Surge, Surge Extension, Root Bay North, Root Lake South, Surge North)",
        "ownershipPercentage": 100,
        "value": 1681927,
        "notes": "Various option agreements with cash and share payments; vendors retain NSR royalties (1.5%-2%); Company can purchase portions of NSR."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Perrigo Lake Property",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Fully impaired as of June 30, 2025; property claims lapsed."
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Raggy Creek, Aerial Lake and Cathy Creek Properties",
        "ownershipPercentage": null,
        "value": null,
        "notes": "Option agreement terminated November 29, 2024; fully impaired."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited common shares without par value",
      "issuedShares": 52601505,
      "classesOfShares": ["Common shares"],
      "warrants": [
        {
          "number": 4250000,
          "exercisePrice": 0.15,
          "expiryDate": "2026-01-02"
        },
        {
          "number": 21050000,
          "exercisePrice": 0.15,
          "expiryDate": "2026-05-09"
        }
      ],
      "options": [
        {
          "number": 1900000,
          "exercisePrice": 0.15,
          "expiryDate": "2027-01-19"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDecember312025": {
          "consultingFees": 22500,
          "explorationAndEvaluationAssetExpenditures": 82500,
          "professionalFees": 15000,
          "total": 120000
        },
        "sixMonthsEndedDecember312024": {
          "consultingFees": 25000,
          "explorationAndEvaluationAssetExpenditures": 60000,
          "professionalFees": 30000,
          "total": 115000
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company with a common officer",
          "description": "Occupancy costs",
          "amount": 23000,
          "period": "Six months ended December 31, 2025"
        },
        {
          "counterparty": "Private company controlled by a director",
          "description": "Exploration and evaluation asset expenditures",
          "amount": null,
          "period": "Six months ended December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": null,
        "description": "Warrants for 4,250,000 shares expired unexercised subsequent to December 31, 2025.",
        "impactValue": null
      }
    ]
  }
]