None
SEDAR Interim Financial Statements
REG · Price
[
{
"companyName": "Regulus Resources Inc.",
"reportingPeriodEnd": "2025-12-31",
"reportStatus": "Unaudited",
"auditorName": null,
"auditorKeyMatters": [],
"balanceSheet": {
"cashAndCashEquivalents": 6286391,
"receivables": 78383,
"prepaidExpensesAndDeposits": 169576,
"dueFromRelatedParty": 27162,
"totalCurrentAssets": 6561512,
"longTermInvestments": 390990,
"propertyAndEquipment": 616846,
"explorationAndEvaluationAssets": 59244846,
"totalAssets": 66814194,
"accountsPayableAndAccruedLiabilities": 684459,
"dueToRelatedParties": 0,
"decommissioningLiability": 371607,
"totalCurrentLiabilities": 1056066,
"totalLiabilities": 1056066,
"capitalStock": 138844363,
"shareCompensationReserve": 20631605,
"accumulatedOtherComprehensiveLoss": -5127350,
"deficit": -88590490,
"totalEquity": 65758128,
"totalLiabilitiesAndEquity": 66814194,
"cashPerShare": 0.0501,
"workingCapitalPerShare": 0.0439
},
"incomeStatement": {
"accountingAndAudit": 83559,
"amortization": 17621,
"bankChargesAndInterest": 5202,
"insurance": 4550,
"investorRelationsAndShareholderInformation": 124969,
"legal": 22895,
"managementFees": 195460,
"officeAndAdministration": 298739,
"shareBasedCompensation": 144792,
"transferAgentAndListingFees": 10218,
"travel": 20081,
"totalExpenses": 928086,
"lossGainOnForeignExchange": -41464,
"writeOffOfReceivables": -69187,
"interestIncome": 62641,
"lossForThePeriod": -976096,
"currencyTranslationAdjustment": -12794,
"changeInFairMarketValueOfLongTermInvestments": -168010,
"comprehensiveLossIncomeForThePeriod": -1156900,
"lossPerShareBasicAndDiluted": -0.01,
"weightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted": 125529949
},
"cashFlowStatement": {
"lossForThePeriod": -976096,
"amortization": 17621,
"shareBasedCompensation": 144792,
"writeOffOfReceivables": 69187,
"unrealizedForeignExchangeLoss": 58766,
"changesInReceivables": -7735,
"changesInPrepaidExpensesAndDeposits": -52439,
"changesInAccountsPayableAndAccruedLiabilities": -213486,
"changesInDueFromToRelatedParty": -45798,
"netCashUsedInOperatingActivities": -1005188,
"explorationAndEvaluationAssets": -646986,
"netCashUsedInInvestingActivities": -646986,
"effectOfForeignExchangeOnCashAndCashEquivalents": -68003,
"changeInCashAndCashEquivalentsForThePeriod": -1720177,
"cashAndCashEquivalentsBeginning": 8006568,
"cashAndCashEquivalentsEnding": 6286391
},
"investmentsAndOtherAssets": [
{
"type": "Long-term Investment",
"description": "Holdings in publicly traded securities",
"ownershipPercentage": null,
"value": 390990,
"notes": "Fair value based on quoted prices in active markets (Level 1). Cost basis $740,000."
},
{
"type": "Exploration and Evaluation Assets",
"description": "AntaKori Project, Peru",
"ownershipPercentage": 100,
"value": 59244846,
"notes": "Acquired through option agreements. Subject to various NSRs (0.1875% - 2%). Includes 70% interest in certain claims via agreement with Colquirrumi."
},
{
"type": "Royalty",
"description": "0.5% NSR on Fireweed project, British Columbia",
"ownershipPercentage": null,
"value": null,
"notes": "Increases to 1.5% upon payout of underlying 2% NSR capped at $5,000,000."
},
{
"type": "Joint Venture Option",
"description": "Gold Fields Option Agreement - GF Claims",
"ownershipPercentage": 0,
"value": null,
"notes": "Can earn up to 60% interest by incurring US$3.5M in exploration over 3 years (term commenced Dec 14, 2024). Gold Fields has claw-back right."
}
],
"shareStructure": {
"authorizedShares": "Unlimited",
"issuedShares": 125544668,
"classesOfShares": ["Common shares"],
"warrants": [],
"options": [
{
"number": 200000,
"exercisePrice": 0.89,
"expiryDate": "2026-04-13"
},
{
"number": 100000,
"exercisePrice": 0.76,
"expiryDate": "2027-07-22"
},
{
"number": 3850000,
"exercisePrice": 1.02,
"expiryDate": "2028-02-06"
},
{
"number": 50000,
"exercisePrice": 0.93,
"expiryDate": "2029-01-23"
},
{
"number": 5225000,
"exercisePrice": 0.92,
"expiryDate": "2029-02-06"
},
{
"number": 200000,
"exercisePrice": 0.92,
"expiryDate": "2029-03-04"
},
{
"number": 100000,
"exercisePrice": 3.8,
"expiryDate": "2030-12-19"
}
],
"rightsConvertibleInstruments": null
},
"managementCompensation": {
"currency": "CAD",
"periods": ["2025-12-31", "2024-12-31"],
"namedIndividuals": [
{
"name": "John Black",
"title": "Chief Executive Officer",
"period": "2025-12-31",
"components": {
"salary": 60755,
"bonus": 0,
"total": 74761
}
},
{
"name": "Kevin B. Heather",
"title": "Chief Geological Officer",
"period": "2025-12-31",
"components": {
"salary": 52075,
"bonus": 0,
"total": 74761
}
},
{
"name": "Mark Wayne",
"title": "Chief Financial Officer",
"period": "2025-12-31",
"components": {
"salary": 21875,
"bonus": 0,
"total": 35881
}
},
{
"name": "Fernando Pickmann",
"title": "Chief Operating Officer",
"period": "2025-12-31",
"components": {
"salary": 60755,
"bonus": 0,
"total": 66081
}
}
],
"otherRelatedPartyTransactions": [
{
"counterparty": "Double Black Diamond Resources LLC.",
"description": "Management fees paid to company controlled by CEO John Black",
"amount": 60755,
"period": "2025-12-31"
},
{
"counterparty": "Fernando Pickmann (law firm)",
"description": "Legal services paid to law firm where COO was partner",
"amount": 20758,
"period": "2025-12-31"
},
{
"counterparty": "Unicus Funds Ltd.",
"description": "Management fees paid to company controlled by CFO Mark Wayne",
"amount": 21875,
"period": "2025-12-31"
},
{
"counterparty": "K.B. Heather & Socios Limitada",
"description": "Management fees paid to company controlled by CGO Kevin Heather",
"amount": 52075,
"period": "2025-12-31"
},
{
"counterparty": "Aldebaran Resources Inc.",
"description": "Amount owed from company with common directors/management",
"amount": 27160,
"period": "2025-12-31"
}
]
},
"subsequentEvents": []
}
]
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