SEDAR Interim Financial Statements

[
  {
    "companyName": "Origen Resources Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 138400,
      "receivables": 40026,
      "investments": 1093888,
      "prepaidExpenses": 13677,
      "totalCurrentAssets": 1285991,
      "explorationAndEvaluationAssets": 3566128,
      "reclamationDeposits": 33500,
      "totalNonCurrentAssets": 3599628,
      "totalAssets": 4885619,
      "accountsPayableAndAccruedLiabilities": 572742,
      "totalCurrentLiabilities": 572742,
      "shareCapital": 8880490,
      "shareBasedPaymentReserves": 1023694,
      "foreignCurrencyTranslationReserve": -5618,
      "deficit": -5585689,
      "totalShareholdersEquity": 4312877,
      "totalLiabilitiesAndEquity": 4885619,
      "cashPerShare": 0.0024,
      "workingCapitalPerShare": 0.0123
    },
    "incomeStatement": {
      "consulting": 54000,
      "generalOffice": 32787,
      "managementFees": 77500,
      "marketing": 108184,
      "professionalFees": 169814,
      "propertyInvestigation": 3600,
      "rent": 16200,
      "shareBasedPayments": 70430,
      "transferAgentAndFilingFees": 25775,
      "operatingExpenses": 558290,
      "realizedGainOnInvestments": -26219,
      "unrealizedGainLossOnInvestments": 296053,
      "foreignExchange": -11605,
      "recoveryOnExplorationAndEvaluationAssets": 550000,
      "incomeLossForThePeriod": 249939,
      "foreignCurrencyTranslationAdjustment": -2425,
      "incomeLossAndComprehensiveIncomeLossForThePeriod": 247514,
      "basicEarningsLossPerCommonShare": 0.00,
      "dilutedEarningsLossPerCommonShare": 0.00,
      "weightedAverageNumberOfCommonSharesOutstandingBasic": 51024141,
      "weightedAverageNumberOfCommonSharesOutstandingDiluted": 51398080
    },
    "cashFlowStatement": {
      "netIncomeLossForThePeriod": 249939,
      "shareBasedPayments": 70430,
      "realizedLossGainOnInvestments": 26219,
      "unrealizedGainLossOnInvestments": -296053,
      "recoveryOnExplorationAndEvaluationAssets": -500000,
      "changesInReceivables": -14372,
      "changesInPrepaidExpenses": -13677,
      "changesInAccountsPayableAndAccruedLiabilities": -269583,
      "netCashUsedInOperatingActivities": -747097,
      "explorationAndEvaluationAssets": -347116,
      "releaseOfReclamationDeposit": 0,
      "proceedsFromSaleOfLgmProperty": 0,
      "proceedsFromSaleOfInvestments": 552178,
      "recoveryOnExplorationAndEvaluationAssetsInvesting": 21783,
      "netCashProvidedByInvestingActivities": 226845,
      "issuanceOfSharesNetOfShareIssuanceCosts": 572086,
      "netCashProvidedByFinancingActivity": 572086,
      "foreignExchangeEffectOnCash": -2425,
      "netChangeInCash": 49409,
      "cashBeginningOfThePeriod": 88991,
      "cashEndOfThePeriod": 138400
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Marketable Securities",
        "description": "West Mining Corp. (WEST) common shares",
        "ownershipPercentage": null,
        "value": 50,
        "notes": "1,000 shares held"
      },
      {
        "type": "Marketable Securities",
        "description": "Kingfisher Metals Corp. (KFR) common shares",
        "ownershipPercentage": null,
        "value": 293838,
        "notes": "1,068,500 shares held"
      },
      {
        "type": "Marketable Securities",
        "description": "Equity Metals Corp. (EQTY) common shares",
        "ownershipPercentage": null,
        "value": 800000,
        "notes": "2,000,000 shares held"
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Broken Handle Project, British Columbia",
        "ownershipPercentage": 100,
        "value": 180000,
        "notes": "Subject to 1% NSR royalty; option to purchase 0.5% for $1,000,000"
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Wishbone Property, British Columbia",
        "ownershipPercentage": 100,
        "value": 2216533,
        "notes": "Subject to 1% NSR royalty; annual advance royalty payments of $10,000"
      },
      {
        "type": "Mineral/Resource Properties",
        "description": "Los Sapitos Lithium Project, Argentina",
        "ownershipPercentage": 100,
        "value": 1169595,
        "notes": "Option agreement; can exercise by paying USD$450,000 by Dec 15, 2027; subject to 1% NSR royalty upon exercise"
      }
    ],
    "shareStructure": {
      "authorizedShares": "Unlimited",
      "issuedShares": 57930154,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 4788750,
          "exercisePrice": 0.075,
          "expiryDate": "2027-02-28"
        },
        {
          "number": 1150000,
          "exercisePrice": 0.075,
          "expiryDate": "2027-03-26"
        }
      ],
      "options": [
        {
          "number": 500000,
          "exercisePrice": 0.23,
          "expiryDate": "2026-01-21"
        },
        {
          "number": 325000,
          "exercisePrice": 0.29,
          "expiryDate": "2026-12-03"
        },
        {
          "number": 125000,
          "exercisePrice": 0.23,
          "expiryDate": "2027-01-18"
        },
        {
          "number": 150000,
          "exercisePrice": 0.24,
          "expiryDate": "2028-02-14"
        },
        {
          "number": 600000,
          "exercisePrice": 0.26,
          "expiryDate": "2028-02-16"
        },
        {
          "number": 1050000,
          "exercisePrice": 0.05,
          "expiryDate": "2029-04-23"
        },
        {
          "number": 1525000,
          "exercisePrice": 0.055,
          "expiryDate": "2030-09-29"
        }
      ],
      "rightsConvertibleInstruments": null
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "nineMonthsEndedDec312025": {
          "managementFees": 77500,
          "consultingFees": 54000,
          "rent": 16200,
          "professionalFees": 9000,
          "shareBasedPayments": 32329
        },
        "nineMonthsEndedDec312024": {
          "managementFees": 67500,
          "consultingFees": 128000,
          "rent": 16200,
          "professionalFees": 30985,
          "shareBasedPayments": 21855
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Company controlled by a director",
          "description": "Paid or accrued exploration costs capitalized as exploration and evaluation assets",
          "amount": 10758,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Director",
          "description": "Paid or accrued exploration costs capitalized as exploration and evaluation assets",
          "amount": 0,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Company controlled by a director and CEO",
          "description": "Paid or accrued management fees",
          "amount": 67500,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Company controlled by a director",
          "description": "Paid or accrued management fees",
          "amount": 10000,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Company controlled by a director",
          "description": "Paid or accrued consulting fees",
          "amount": 54000,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Company controlled by a director and CEO",
          "description": "Paid or accrued rent",
          "amount": 16200,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Company of which former CFO is an owner",
          "description": "Paid or accrued professional fees",
          "amount": 0,
          "period": "Nine months ended Dec 31, 2025"
        },
        {
          "counterparty": "Company controlled by a director and CEO",
          "description": "Paid or accrued professional fees",
          "amount": 9000,
          "period": "Nine months ended Dec 31, 2025"
        }
      ]
    },
    "subsequentEvents": [
      {
        "eventDate": "After Dec 31, 2025",
        "description": "500,000 stock options with exercise price $0.23 expired unexercised",
        "impactValue": null
      },
      {
        "eventDate": "After Dec 31, 2025",
        "description": "Sold 318,500 common shares of Kingfisher for net proceeds of $159,462",
        "impactValue": 159462
      }
    ]
  }
]