SEDAR Interim Financial Statements

[
  {
    "companyName": "EV Nickel Inc.",
    "reportingPeriodEnd": "2025-12-31",
    "reportStatus": "Unaudited",
    "auditorName": null,
    "auditorKeyMatters": [],
    "balanceSheet": {
      "cash": 129005,
      "shortTermInvestments": 3542093,
      "accountsReceivable": 67096,
      "otherReceivablesAndTaxesRecoverable": 159534,
      "prepaidExpenses": 175044,
      "totalCurrentAssets": 4072772,
      "equipment": 24721,
      "rightOfUseAssets": 0,
      "intangibleAssets": 5633,
      "totalAssets": 4103126,
      "accountsPayableAndAccruedLiabilities": 149133,
      "dueToRelatedParties": 41483,
      "flowThroughShareLiability": 0,
      "totalCurrentLiabilities": 190616,
      "totalLiabilities": 190616,
      "shareCapital": 20847815,
      "equityReserve": 638000,
      "deficit": -17573305,
      "totalShareholdersEquity": 3912510,
      "totalLiabilitiesAndShareholdersEquity": 4103126,
      "cashPerShare": 0.0009,
      "workingCapitalPerShare": 0.0270
    },
    "incomeStatement": {
      "explorationExpenditures": 994168,
      "generalAndAdministrative": 217336,
      "stockBasedCompensation": 8860,
      "operatingLoss": -1220364,
      "interestIncome": 42225,
      "flowThroughPremium": 56857,
      "governmentFunding": 67096,
      "netLossAndComprehensiveLoss": -1054186,
      "weightedAverageSharesOutstanding": 131561165
    },
    "cashFlowStatement": {
      "netLoss": -1054186,
      "stockBasedCompensation": 8860,
      "depreciation": 7480,
      "flowThroughPremium": -56857,
      "accruedInterest": -11227,
      "changesInPrepaidExpenses": -7635,
      "changesInTaxesRecoverable": 59319,
      "changesInAccountsReceivable": -67096,
      "changesInAccountsPayableAndAccruedLiabilities": -439821,
      "changesInDueToRelatedParties": 12083,
      "netCashUsedInOperations": -1549080,
      "redemptionPurchaseOfShortTermInvestments": -1600000,
      "netCashUsedInInvesting": -1600000,
      "warrantsExercised": 2955993,
      "optionsExercisedCashInLieuOfShares": -23000,
      "netCashGeneratedFromFinancing": 2932993,
      "netChangeInCash": -216087,
      "cashBeginningOfPeriod": 345092,
      "cashEndOfPeriod": 129005
    },
    "investmentsAndOtherAssets": [
      {
        "type": "Mineral Property",
        "description": "Langmuir Property (212 claims near Timmins, Ontario) - 100% interest subject to 2% net-smelter royalty",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired from Rogue Resources Inc. for $150,000 cash, 6,666,667 common shares, and a resource payment settled with 3,267,016 shares."
      },
      {
        "type": "Mineral Property",
        "description": "Shaw Dome Acquisition Properties (941 staked mining claims over ~21,000 hectares)",
        "ownershipPercentage": 100,
        "value": null,
        "notes": "Acquired from 2812794 Ontario Inc. for $350,000 cash and 2,500,000 shares. Subject to 2.75% net-smelter royalties on certain properties."
      },
      {
        "type": "Short-term Investments",
        "description": "Marketable securities with maturities ≤1 year, classified as Level 1 fair value",
        "ownershipPercentage": null,
        "value": 3542093,
        "notes": "Carrying value approximates fair value. Held as part of liquidity management."
      }
    ],
    "shareStructure": {
      "authorizedShares": "unlimited",
      "issuedShares": 144063816,
      "classesOfShares": ["common shares"],
      "warrants": [
        {
          "number": 446017,
          "exercisePrice": 0.75,
          "expiryDate": "2026-03-28"
        }
      ],
      "options": [
        {
          "number": 265000,
          "exercisePrice": 0.195,
          "expiryDate": "2027-05-18"
        },
        {
          "number": 3391666,
          "exercisePrice": 0.12,
          "expiryDate": "2028-03-01"
        }
      ],
      "rightsConvertibleInstruments": "RSUs outstanding: 533,334 at weighted average grant price of $0.126"
    },
    "managementCompensation": {
      "currency": "CAD",
      "periods": {
        "sixMonthsEndedDec312025": {
          "explorationExpenditures": 124092,
          "generalAndAdministrative": 32494,
          "stockBasedCompensation": 13298,
          "total": 169874
        },
        "sixMonthsEndedDec312024": {
          "explorationExpenditures": 64000,
          "generalAndAdministrative": 25638,
          "stockBasedCompensation": 35801,
          "total": 125438
        }
      },
      "namedIndividuals": [],
      "otherRelatedPartyTransactions": [
        {
          "counterparty": "Private companies owned/controlled by executives/directors",
          "description": "Exploration, general & administrative, stock-based compensation",
          "amount": 79360,
          "period": "six months ended December 31, 2025"
        },
        {
          "counterparty": "Private companies owned/controlled by executives/directors",
          "description": "Exploration, general & administrative, stock-based compensation",
          "amount": 161948,
          "period": "six months ended December 31, 2024"
        }
      ]
    },
    "subsequentEvents": []
  }
]