Electric Metals (USA) Limited
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost Of Revenue | 166.00 | 200.00 | 259.00 | 471.00 | 482.00 |
| Gross Profit | -166.00 | -200.00 | -259.00 | -471.00 | -482.00 |
| Selling General And Administration | 482,223 | 657,909 | 299,030 | 386,767 | 317,487 |
| General And Administrative Expense | 411,558 | 554,065 | 162,580 | 292,493 | 183,164 |
| Other Operating Expenses | 59,845 | 51,264 | 45,687 | 41,802 | 43,799 |
| Operating Expense | 542,068 | 709,173 | 344,717 | 428,569 | 361,286 |
| Operating Income | -542,234 | -709,373 | -344,976 | -429,040 | -361,768 |
| EBIT | -552,564 | -686,651 | -345,654 | -5.6M | -357,824 |
| Interest Expense | 2,968 | 3,560 | 4,873 | 1,143 | 1,805 |
| Interest Expense Non Operating | 2,968 | 3,560 | 4,873 | 1,143 | 1,805 |
| Interest Income | 0.00 | 0.00 | 153.00 | 769.00 | 1,999 |
| Interest Income Non Operating | 0.00 | 0.00 | 153.00 | 769.00 | 1,999 |
| Net Interest Income | -2,968 | -3,560 | -4,720 | -374.00 | 194.00 |
| Other Income Expense | -10,330 | 22,722 | -831.00 | -5.2M | 1,945 |
| Special Income Charges | 0.00 | 9,524 | -- | -5.2M | 0.00 |
| Gain On Sale Of Security | -10,330 | 13,198 | -831.00 | -15,932 | 1,945 |
| Pretax Income | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Net Income From Continuing Operation Net Minority Interest | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Net Income Including Noncontrolling Interests | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Minority Interests | -- | -- | -- | 0.00 | 0.00 |
| Net Income Common Stockholders | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Net Income | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| EBITDA | -552,398 | -686,451 | -345,395 | -5.6M | -357,342 |
| Normalized EBITDA | -542,068 | -709,173 | -344,564 | -427,800 | -359,287 |
| Reconciled Depreciation | 166.00 | 200.00 | 259.00 | 471.00 | 482.00 |
| Basic EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Basic Average Shares | 184.9M | 172.1M | 150.5M | -- | 144.7M |
| Diluted Average Shares | 184.9M | 172.1M | 150.5M | -- | 144.7M |
| Total Unusual Items | -10,330 | 22,722 | -831.00 | -5.2M | 1,945 |
| Total Unusual Items Excluding Goodwill | -10,330 | 22,722 | -831.00 | -5.2M | 1,945 |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -545,202 | -712,933 | -349,696 | -429,414 | -361,574 |
| Diluted NI Availto Com Stockholders | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Gain On Sale Of Ppe | -- | -- | -- | 0.00 | 0.00 |
| Net Income Continuous Operations | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Net Non Operating Interest Income Expense | -2,968 | -3,560 | -4,720 | -374.00 | 194.00 |
| Other Gand A | 308,861 | 246,895 | 127,383 | 232,921 | 178,589 |
| Other Special Charges | -- | -9,524 | -- | -- | -- |
| Reconciled Cost Of Revenue | 166.00 | 200.00 | 259.00 | 471.00 | 482.00 |
| Rent And Landing Fees | 0.00 | 460.00 | 612.00 | 764.00 | 522.00 |
| Rent Expense Supplemental | 0.00 | 460.00 | 612.00 | 764.00 | 522.00 |
| Salaries And Wages | 102,697 | 306,710 | 34,585 | 58,808 | 4,053 |
| Selling And Marketing Expense | 70,665 | 103,844 | 136,450 | 94,274 | 134,323 |
| Total Expenses | 542,234 | 709,373 | 344,976 | 429,040 | 361,768 |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 1.1M | 1.3M | 19,556 | 53,461 | 51,809 |
| Cash Cash Equivalents And Short Term Investments | 1.1M | 1.3M | 19,556 | 151,388 | 155,300 |
| Cash Financial | 1.1M | 1.3M | 19,556 | 53,461 | 51,809 |
| Other Short Term Investments | 0.00 | 0.00 | 0.00 | 97,927 | 103,491 |
| Accounts Receivable | 96,675 | 89,732 | 43,100 | 38,382 | 33,848 |
| Receivables | 96,675 | 89,732 | 43,100 | 38,382 | 33,848 |
| Prepaid Assets | 220,160 | 348,093 | 135,801 | 208,227 | 74,501 |
| Current Assets | 1.4M | 1.7M | 198,457 | 397,997 | 263,649 |
| Gross PPE | 7.9M | 7.7M | 7.4M | 7.2M | 12.3M |
| Net PPE | 7.9M | 7.7M | 7.4M | 7.2M | 12.3M |
| Other Non Current Assets | 96,343 | 96,343 | 96,343 | 96,343 | 96,343 |
| Total Non Current Assets | 8.0M | 7.7M | 7.5M | 7.3M | 12.3M |
| Total Assets | 9.4M | 9.5M | 7.7M | 7.7M | 12.6M |
| Current Debt | -- | -- | 50,296 | -- | -- |
| Current Debt And Capital Lease Obligation | -- | -- | 50,296 | -- | -- |
| Payables And Accrued Expenses | 1.2M | 1.4M | 1.9M | 1.6M | 1.4M |
| Current Liabilities | 1.2M | 1.4M | 1.9M | 1.6M | 1.4M |
| Total Non Current Liabilities Net Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities Net Minority Interest | 1.2M | 1.4M | 1.9M | 1.6M | 1.4M |
| Common Stock | 24.4M | 24.0M | 21.1M | 21.1M | 20.7M |
| Capital Stock | 24.4M | 24.0M | 21.1M | 21.1M | 20.7M |
| Retained Earnings | -18.4M | -17.8M | -17.1M | -16.8M | -11.2M |
| Gains Losses Not Affecting Retained Earnings | -245,990 | -228,161 | -224,780 | -224,517 | -249,605 |
| Common Stock Equity | 8.2M | 8.1M | 5.8M | 6.1M | 11.3M |
| Stockholders Equity | 8.2M | 8.1M | 5.8M | 6.1M | 11.3M |
| Total Equity Gross Minority Interest | 8.2M | 8.1M | 5.8M | 6.1M | 11.3M |
| Minority Interest | -- | -- | -- | 0.00 | -- |
| Total Capitalization | 8.2M | 8.1M | 5.8M | 6.1M | 11.3M |
| Net Tangible Assets | 8.2M | 8.1M | 5.8M | 6.1M | 11.3M |
| Tangible Book Value | 8.2M | 8.1M | 5.8M | 6.1M | 11.3M |
| Working Capital | 192,376 | 310,540 | -1.7M | -1.2M | -1.1M |
| Invested Capital | 8.2M | 8.1M | 5.9M | 6.1M | 11.3M |
| Total Debt | -- | -- | 50,296 | -- | -- |
| Net Debt | -- | -- | 30,740 | -- | -- |
| Share Issued | 186.5M | 184.7M | 150.5M | 150.5M | 144.7M |
| Ordinary Shares Number | 186.5M | 184.7M | 150.5M | 150.5M | 144.7M |
| Foreign Currency Translation Adjustments | -245,990 | -228,161 | -224,780 | -224,517 | -249,605 |
| Other Current Borrowings | -- | -- | 50,296 | -- | -- |
| Other Equity Interest | 2.4M | 2.1M | 2.1M | 2.0M | 2.0M |
| Other Properties | 7.9M | 7.7M | 7.4M | 7.2M | 12.3M |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | -228,211 | -1.0M | -152,392 | -389,737 | -96,545 |
| Cash Flow From Continuing Operating Activities | -228,211 | -1.0M | -152,392 | -389,737 | -96,545 |
| Depreciation And Amortization | 166.00 | 200.00 | 259.00 | 471.00 | 482.00 |
| Depreciation Amortization Depletion | 166.00 | 200.00 | 259.00 | 471.00 | 482.00 |
| Stock Based Compensation | 386,937 | 22,470 | 34,585 | 58,808 | 4,053 |
| Change In Working Capital | -59,782 | -366,208 | 163,147 | -2,937 | 259,459 |
| Change In Receivables | -6,943 | -46,632 | -4,718 | -4,534 | 60,003 |
| Change In Payables And Accrued Expense | -180,772 | -107,284 | 95,439 | 135,323 | 176,833 |
| Other Non Cash Items | -- | -- | 144.00 | -733.00 | -910.00 |
| Capital Expenditure | -263,712 | -532,540 | -29,847 | -102,843 | -177,348 |
| Purchase Of PPE | -263,712 | -532,540 | -29,847 | -102,843 | -177,348 |
| Net PPE Purchase And Sale | -263,712 | -532,540 | -29,847 | -102,843 | -177,348 |
| Sale Of Investment | 0.00 | 0.00 | 98,122 | -- | 0.00 |
| Net Investment Purchase And Sale | 0.00 | 0.00 | 98,122 | -- | 0.00 |
| Investing Cash Flow | -263,712 | -532,540 | 68,275 | -100,037 | -177,348 |
| Cash Flow From Continuing Investing Activities | -263,712 | -532,540 | 68,275 | -100,037 | -177,348 |
| Issuance Of Debt | 0.00 | 0.00 | 50,000 | -- | 0.00 |
| Repayment Of Debt | 0.00 | -50,000 | 0.00 | -- | 0.00 |
| Net Issuance Payments Of Debt | 0.00 | -50,000 | 50,000 | -- | 0.00 |
| Issuance Of Capital Stock | 0.00 | -- | -- | -- | 0.00 |
| Net Common Stock Issuance | 0.00 | -- | -- | -- | 0.00 |
| Financing Cash Flow | 326,888 | 2.8M | 50,000 | 406,401 | 0.00 |
| Cash Flow From Continuing Financing Activities | 326,888 | 2.8M | 50,000 | 406,401 | 0.00 |
| Effect Of Exchange Rate Changes | -5,147 | -36,236 | 212.00 | 85,025 | -31,426 |
| Changes In Cash | -165,035 | 1.3M | -34,117 | -83,373 | -273,893 |
| Beginning Cash Position | 1.3M | 19,556 | 53,461 | 51,809 | 357,128 |
| End Cash Position | 1.1M | 1.3M | 19,556 | 53,461 | 51,809 |
| Free Cash Flow | -491,923 | -1.6M | -182,239 | -492,580 | -273,893 |
| Income Tax Paid Supplemental Data | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Paid Supplemental Data | 27.00 | 3,548 | 0.00 | 0.00 | 0.00 |
| Change In Prepaid Assets | 127,933 | -212,292 | 72,426 | -133,726 | 22,623 |
| Common Stock Issuance | 0.00 | -- | -- | -- | 0.00 |
| Depreciation | 166.00 | 200.00 | 259.00 | 471.00 | 482.00 |
| Gain Loss On Sale Of PPE | -- | -- | -- | 0.00 | 0.00 |
| Net Income From Continuing Operations | -555,532 | -690,211 | -350,527 | -5.6M | -359,629 |
| Net Short Term Debt Issuance | 0.00 | -50,000 | 50,000 | -- | 0.00 |
| Operating Gains Losses | 0.00 | -- | -- | -- | -- |
| Proceeds From Stock Option Exercised | -- | -- | -- | 0.00 | -- |
| Short Term Debt Issuance | 0.00 | 0.00 | 50,000 | -- | 0.00 |
| Short Term Debt Payments | 0.00 | -50,000 | 0.00 | -- | 0.00 |