SEDAR Interim Financial Statements

[
  {
    "companyName": "Storm Exploration Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 7875,
      "salesTaxesRecoverable": 26860,
      "prepaidExpenses": 0,
      "totalCurrentAssets": 34735,
      "totalAssets": 34735,
      "accountsPayableAndAccruedLiabilities": 1316571,
      "flowThroughPremiumLiability": 0,
      "totalCurrentLiabilities": 1316571,
      "shareCapital": 19125412,
      "contributedSurplus": 2610077,
      "deficit": -23017325,
      "totalEquityDeficiency": -1281836,
      "totalLiabilitiesAndEquityDeficiency": 34735,
      "cashPerShare": 0.0004,
      "workingCapitalPerShare": -0.0646
    },
    "incomeStatement": {
      "careAndMaintenance": 862,
      "explorationAndEvaluation": 655963,
      "managementAndConsultingFees": 90000,
      "marketingAndCorporateDevelopment": 26237,
      "officeAndGeneral": 37510,
      "professionalFees": 220526,
      "regulatoryAndShareholderServices": 30253,
      "shareBasedPayments": 0,
      "travel": 11143,
      "lossBeforeOtherItems": -1072494,
      "foreignExchangeLossGain": 926,
      "interestExpense": 15974,
      "premiumOnFlowThroughShares": -9760,
      "netLossAndComprehensiveLoss": -1079499,
      "lossPerShareBasicAndDiluted": -0.05,
      "weightedAverageNumberOfCommonSharesOutstanding": 19836528
    },
    "cashFlowStatement": {
      "netIncomeLoss": -1079499,
      "shareBasedPayments": 33000,
      "sharesIssuedForOptionPayment": 562318,
      "sharesIssuedForFirstNationsAgreement": 0,
      "premiumOnFlowThroughShares": -9760,
      "nonCashWorkingCapitalItems": 419776,
      "netCashUsedInOperatingActivities": -74165,
      "proceedsFromIssuanceOfShares": 0,
      "shareIssuanceCosts": -9111,
      "netCashFromFinancingActivities": -9111,
      "changeInCash": -83276,
      "cashBeginning": 91151,
      "cashEnd": 7875
    },
    "investmentsAndOtherAssets": [],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 20666250,
      "classesOfShares": ["Common Shares"],
      "warrants": [
        { "number": 2084500, "exercisePrice": 0.40, "expiryDate": "2026-11-08" },
        { "number": 200000, "exercisePrice": 0.40, "expiryDate": "2026-12-06" },
        { "number": 265000, "exercisePrice": 0.48, "expiryDate": "2026-12-06" },
        { "number": 829950, "exercisePrice": 0.30, "expiryDate": "2027-04-23" }
      ],
      "options": [
        { "number": 109375, "exercisePrice": 0.60, "expiryDate": "2026-07-09" },
        { "number": 89063, "exercisePrice": 0.80, "expiryDate": "2027-05-02" },
        { "number": 400000, "exercisePrice": 0.25, "expiryDate": "2028-03-29" },
        { "number": 208750, "exercisePrice": 0.07, "expiryDate": "2029-09-02" },
        { "number": 383750, "exercisePrice": 0.07, "expiryDate": "2030-03-12" }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "2025-04-01_to_2025-12-31": { "salariesAndManagementFees": 90000 }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        { "counterparty": "Directors and officers", "description": "Accounts payable", "amount": 385305, "period": "2025-12-31" }
      ]
    },
    "subsequentEvents": [
      { "eventDate": "2026-02-13", "description": "Sale of Miminiska Project to Canadian Goldfields Discovery Corp. Received cash, shares, and future payments. Total consideration $5,812,500.", "impactValue": null },
      { "eventDate": "2026-02-13", "description": "Granted 870,000 options at $0.25 expiring in 5 years.", "impactValue": null },
      { "eventDate": "2026-02-13", "description": "Issued 318,629 shares to EFN under EA for initial and first anniversary commitments.", "impactValue": null },
      { "eventDate": "2026-02-23", "description": "Acquired 5 claims in Northern Ontario for $25,000 cash.", "impactValue": -25000 }
    ]
  }
]