SEDAR Interim Financial Statements

[
  {
    "companyName": "SANU GOLD CORP.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cashAndCashEquivalents": 22315738,
      "receivables": 239088,
      "prepaidExpenses": 66080,
      "investments": 0,
      "totalCurrentAssets": 22620906,
      "explorationAndEvaluationAssets": 2479021,
      "propertyAndEquipment": 748258,
      "totalAssets": 25848185,
      "accountsPayableAndAccruedLiabilities": 417898,
      "totalCurrentLiabilities": 417898,
      "totalLiabilities": 417898,
      "shareCapital": 42564874,
      "reserves": 3376086,
      "accumulatedDeficit": -20569950,
      "shareholdersEquity": 25371010,
      "nonControllingInterests": 59277,
      "totalEquity": 25430287,
      "totalLiabilitiesAndEquity": 25848185,
      "cashPerShare": 0.0517,
      "workingCapitalPerShare": 0.0515
    },
    "incomeStatement": {
      "consultingAndManagementFees": -658158,
      "professionalFees": -199683,
      "officeExpensesAndSalaries": -156749,
      "investorRelationsAndMarketing": -118008,
      "transferAgentAndFilingFees": -83198,
      "travel": -41223,
      "explorationExpenses": -3994895,
      "stockBasedCompensation": -1545407,
      "operatingExpenses": -6797321,
      "gainLossOnSaleOfMarketableSecurities": 1605740,
      "foreignExchangeGain": 126039,
      "interestIncome": 183392,
      "netLossAndComprehensiveLoss": -4882150,
      "basicAndDilutedLossPerShare": -0.01,
      "weightedAverageSharesOutstanding": 431145762
    },
    "cashFlowStatement": {
      "netLoss": -4882150,
      "stockBasedCompensation": 1545407,
      "gainOnSaleOfMarketableSecurities": -1605740,
      "interestIncome": -168866,
      "changesInReceivables": 32226,
      "changesInPrepaidExpenses": -16625,
      "depreciation": 20674,
      "changesInAccountsPayableAndAccruedLiabilities": -60345,
      "netCashUsedInOperatingActivities": -5135420,
      "purchaseOfPropertyAndEquipment": -8262,
      "proceedsFromMaturityOfInvestment": 3500000,
      "proceedsFromSaleOfMarketableSecurities": 15975246,
      "netCashUsedInInvestingActivities": 19466984,
      "proceedsFromIssuanceOfCommonShares": 0,
      "shareIssuanceCosts": 0,
      "optionsExercised": 47000,
      "repaymentOfLoan": 0,
      "netCashProvidedByFinancingActivities": 47000,
      "netIncreaseInCashAndCashEquivalents": 14378564,
      "cashAndCashEquivalentsBeginningOfPeriod": 7937174,
      "cashAndCashEquivalentsEndOfPeriod": 22315738
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "Common shares of Montage Gold Corp. (TSX listed). Sold in July and October 2025.",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "Held at fair value through profit or loss (FVTPL - Level 1)."
      },
      {
        "type": "Term Deposits",
        "description": "Cashable guaranteed investment certificates.",
        "ownershipPercentage": null,
        "value": 0,
        "notes": "Interest rate 2.65%."
      },
      {
        "type": "Mineral Properties",
        "description": "Three precious metals projects in Guinea (Bantabaye, Daina, Diguifara) held via Technical and Financial Partnership Agreements (TFPAs).",
        "ownershipPercentage": 75,
        "value": 2479021,
        "notes": "Acquired via acquisition of Gainde Gold SARL and subsequent transactions. Right to acquire up to 85% interest by funding staged work programs."
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 431445898,
      "classesOfShares": ["Common shares without par value"],
      "warrants": [
        {
          "number": 5832457,
          "exercisePrice": 0.4,
          "expiryDate": "2026-02-17"
        }
      ],
      "options": [
        {
          "number": 2200000,
          "exercisePrice": 0.1,
          "expiryDate": "2026-11-08"
        },
        {
          "number": 1170000,
          "exercisePrice": 0.37,
          "expiryDate": "2027-08-16"
        },
        {
          "number": 200000,
          "exercisePrice": 0.4,
          "expiryDate": "2028-02-21"
        },
        {
          "number": 5025000,
          "exercisePrice": 0.12,
          "expiryDate": "2029-02-23"
        },
        {
          "number": 13450000,
          "exercisePrice": 0.16,
          "expiryDate": "2029-12-31"
        },
        {
          "number": 11650000,
          "exercisePrice": 0.25,
          "expiryDate": "2030-07-11"
        },
        {
          "number": 3450000,
          "exercisePrice": 0.325,
          "expiryDate": "2030-09-30"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDec312025": {
          "directorAndManagementConsultingFees": 545596,
          "stockBasedCompensation": 709540,
          "total": 1255136
        },
        "sixMonthsEndedDec312024": {
          "directorAndManagementConsultingFees": 315500,
          "stockBasedCompensation": 61487,
          "total": 376987
        },
        "threeMonthsEndedDec312025": {
          "directorAndManagementConsultingFees": 403661,
          "stockBasedCompensation": 414857,
          "total": 818518
        },
        "threeMonthsEndedDec312024": {
          "directorAndManagementConsultingFees": 148930,
          "stockBasedCompensation": 22865,
          "total": 171795
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company with a common director and directors of the company",
          "description": "Accounts payable",
          "amount": 278700,
          "period": "As at December 31, 2025"
        }
      ]
    },
    "subsequentEvents": []
  }
]