SEDAR Interim Financial Statements

[
  {
    "companyName": "Rex Resources Corp.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 416714,
      "amountsReceivable": 18300,
      "prepaidExpense": null,
      "totalCurrentAssets": 435014,
      "prepaidEAndEAssets": 3500,
      "explorationAndEvaluationAssets": 306981,
      "totalAssets": 745495,
      "promissoryNote": null,
      "accountsPayableAndAccruedLiabilities": 220565,
      "flowThroughShareLiability": 5000,
      "totalCurrentLiabilities": 225565,
      "totalLiabilities": 225565,
      "shareCapital": 2530555,
      "reserves": 288342,
      "accumulatedDeficit": -2298967,
      "totalEquity": 519930,
      "totalLiabilitiesAndEquity": 745495,
      "cashPerShare": 0.0375,
      "workingCapitalPerShare": 0.0189
    },
    "incomeStatement": {
      "consulting": 15000,
      "marketingAndAdvertising": null,
      "officeAndAdministrative": 43163,
      "professionalFees": 17750,
      "propertyInvestigationRecovery": null,
      "regulatory": 14850,
      "stockBasedCompensation": null,
      "netLossAndComprehensiveLossForThePeriod": -90763,
      "weightedAverageSharesOutstanding": 11105704,
      "basicAndDilutedLossPerShare": -0.01
    },
    "cashFlowStatement": {
      "netLossForThePeriod": -90763,
      "changesInAmountsReceivable": -3435,
      "changesInPrepaidExpense": null,
      "changesInAccountsPayableAndAccruedLiabilities": -69778,
      "cashFlowsUsedInOperatingActivities": -163976,
      "prepaidEAndECosts": -3500,
      "explorationAndEvaluationExpenditures": -23995,
      "bcmetcReceived": null,
      "cashFlowsUsedInInvestingActivities": -27495,
      "privatePlacementFunds": 600000,
      "privatePlacementFundsReceivedInAdvance": -4000,
      "cashFlowsFromFinancingActivities": 596000,
      "netDecreaseInCash": 404529,
      "cashBeginningOfPeriod": 12185,
      "cashEndOfPeriod": 416714,
      "interestPaid": null,
      "incomeTaxesPaid": null
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Rex Property - 100% undivided interest in eight contiguous mineral claims near Port Alberni, British Columbia",
        "ownershipPercentage": 100,
        "value": 306981,
        "notes": "Held through wholly-owned subsidiary 1414447 B.C. Ltd."
      },
      {
        "type": "Mineral Property Option",
        "description": "Mactush Option - Option to purchase 100% undivided interest in eight mineral claims in Alberni Mining Division, British Columbia",
        "ownershipPercentage": null,
        "value": null,
        "notes": "As at September 30, 2025, the Company decided not to move forward with this project, and all capitalized costs have been impaired."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited Class A common shares; Unlimited Class B Preferred Shares (none issued)",
      "issuedShares": 18173095,
      "classesOfShares": ["Class A Common Shares"],
      "warrants": [
        {
          "number": 858333,
          "exercisePrice": 0.225,
          "expiryDate": "2026-04-25"
        },
        {
          "number": 316667,
          "exercisePrice": 0.6,
          "expiryDate": "2026-10-31"
        }
      ],
      "options": [
        {
          "number": 333333,
          "exercisePrice": 0.18,
          "expiryDate": "2029-05-15"
        },
        {
          "number": 66667,
          "exercisePrice": 0.24,
          "expiryDate": "2029-07-02"
        },
        {
          "number": 66667,
          "exercisePrice": 0.15,
          "expiryDate": "2029-09-17"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "threeMonthsEndedDecember312025": {
          "consultingFees": 15000,
          "shareBasedCompensation": null
        }
      },
      "namedIndividuals": [
        {
          "name": "Chief Executive Officer",
          "title": "CEO",
          "period": "Three months ended December 31, 2025",
          "components": {
            "salary": null,
            "bonus": null,
            "total": 15000
          }
        }
      ],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Chief Executive Officer (indirectly through a private company)",
          "description": "Promissory note loan of $4,000, bearing 15% annual interest, unsecured, due on demand. Repaid on December 21, 2025.",
          "amount": 4000,
          "period": "March 28, 2025 to December 21, 2025"
        },
        {
          "counterparty": "Related parties (directors and officers)",
          "description": "Amounts due to related parties included in accounts payable and accrued liabilities, unsecured, non-interest bearing, payable on demand.",
          "amount": 83579,
          "period": "As at December 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "2026-01-14",
        "description": "Entered into a definitive acquisition agreement with Bathurst Holdings Inc. (BHI) for a reverse takeover transaction (RTO). The Company will acquire all issued and outstanding common shares of BHI. Upon completion, former BHI shareholders are expected to receive 25,000,000 common shares of the Company, resulting in BHI shareholders obtaining control. The resulting issuer will carry on the business of BHI, focused on exploration and development of mineral properties in New Brunswick (Stratmat and Halfmile projects). A concurrent private placement financing of subscription receipts is expected for minimum gross proceeds of $2.5 million.",
        "impactValue": null
      }
    ]
  }
]