Morocco Strategic Minerals Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2025Jul 31, 2025 | FY 2024Jul 31, 2024 | FY 2023Jul 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Operating Revenue | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Cost Of Revenue | 17,496 | 1,047 | 2,374 | 2,330 | -- |
| Gross Profit | -17,496 | -1,047 | -2,374 | -2,330 | -- |
| Selling General And Administration | 1.2M | 961,305 | 923,044 | 1.3M | -- |
| General And Administrative Expense | 770,658 | 693,770 | 727,333 | 1.0M | -- |
| Other Operating Expenses | -- | -- | 40,211 | 139,624 | -12,170 |
| Operating Expense | 1.2M | 965,935 | 930,206 | 1.3M | -- |
| Operating Income | -1.2M | -966,982 | -932,580 | -1.3M | -- |
| EBIT | -3.1M | -978,504 | -932,580 | -1.4M | -- |
| Interest Expense | 5,946 | 0.00 | 0.00 | 3,548 | -- |
| Interest Expense Non Operating | 5,946 | 0.00 | 0.00 | 3,548 | -- |
| Net Interest Income | -10,683 | -4,048 | -11,194 | -6,273 | -- |
| Other Income Expense | -1.8M | -7,474 | -69,954 | -117,742 | -- |
| Other Non Operating Income Expenses | -- | -- | -- | 212,239 | -- |
| Special Income Charges | -1.8M | 0.00 | 7,043 | -320,765 | -- |
| Gain On Sale Of Security | -29,215 | -7,474 | -76,997 | -9,216 | -- |
| Pretax Income | -3.1M | -978,504 | -1.0M | -1.4M | -- |
| Tax Provision | -- | -- | 0.00 | -117,455 | -82,230 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | -27,369 | -- |
| Net Income From Continuing And Discontinued Operation | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Net Income From Continuing Operation Net Minority Interest | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Net Income Including Noncontrolling Interests | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Net Income Common Stockholders | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Net Income | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| EBITDA | -3.0M | -977,457 | -930,206 | -1.4M | -- |
| Normalized EBITDA | -1.2M | -969,983 | -860,252 | -1.1M | -- |
| Reconciled Depreciation | 17,496 | 1,047 | 2,374 | 2,330 | -- |
| Basic EPS | -0.03 | -0.01 | -0.02 | -0.03 | -- |
| Diluted EPS | -0.03 | -0.01 | -0.02 | -0.03 | -- |
| Basic Average Shares | 117.1M | 96.6M | 57.4M | 45.7M | -- |
| Diluted Average Shares | 117.1M | 96.6M | 57.4M | 45.7M | -- |
| Total Unusual Items | -1.8M | -7,474 | -69,954 | -329,981 | -- |
| Total Unusual Items Excluding Goodwill | -1.8M | -7,474 | -69,954 | -329,981 | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.08 | -- |
| Normalized Income | -1.3M | -971,030 | -943,774 | -996,047 | -- |
| Diluted NI Availto Com Stockholders | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Gain On Sale Of Ppe | -- | 0.00 | 102,711 | 0.00 | -- |
| Impairment Of Capital Assets | 1.8M | 0.00 | 95,668 | 317,116 | -- |
| Net Income Continuous Operations | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Net Non Operating Interest Income Expense | -10,683 | -4,048 | -11,194 | -6,273 | -- |
| Other Gand A | 467,550 | 410,596 | 369,847 | 495,573 | -- |
| Other Special Charges | -- | -- | -- | 3,649 | -- |
| Other Taxes | 1,048 | 4,630 | 7,162 | 1,728 | -- |
| Reconciled Cost Of Revenue | 17,496 | 1,047 | 2,374 | 2,330 | -- |
| Salaries And Wages | 303,108 | 283,174 | 357,486 | 545,925 | -- |
| Selling And Marketing Expense | 452,072 | 267,535 | 195,711 | 246,543 | -- |
| Total Expenses | 1.2M | 966,982 | 932,580 | 1.3M | -- |
| Total Operating Income As Reported | -3.0M | -966,982 | -1.0M | -1.6M | -- |
| Total Other Finance Cost | 4,737 | 4,048 | 11,194 | 2,725 | -- |
| Line Item | FY 2025Jul 31, 2025 | FY 2024Jul 31, 2024 | FY 2023Jul 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Cash And Cash Equivalents | 799,969 | 177,194 | 890,117 | 373,265 | -- |
| Cash Cash Equivalents And Short Term Investments | 838,969 | 237,794 | 974,117 | 408,265 | -- |
| Cash Financial | 799,969 | 177,194 | 890,117 | 373,265 | -- |
| Other Short Term Investments | 39,000 | 60,600 | 84,000 | 35,000 | -- |
| Receivables | 46,794 | 28,355 | 519,422 | 353,668 | -- |
| Prepaid Assets | 24,774 | 14,711 | 22,727 | 11,609 | -- |
| Current Assets | 910,537 | 280,860 | 1.5M | 773,542 | -- |
| Gross PPE | 5.1M | 6.0M | 5.5M | 4.4M | -- |
| Accumulated Depreciation | -17,455 | 0.00 | -9,629 | -7,255 | -- |
| Net PPE | 5.1M | 6.0M | 5.5M | 4.4M | -- |
| Total Non Current Assets | 5.1M | 6.0M | 5.5M | 4.5M | -- |
| Total Assets | 6.0M | 6.3M | 7.0M | 5.3M | -- |
| Current Debt And Capital Lease Obligation | 18,023 | -- | -- | -- | -- |
| Accounts Payable | 275,423 | 453,864 | 746,807 | 163,946 | -- |
| Payables | 275,423 | 453,864 | 746,807 | 163,946 | -- |
| Payables And Accrued Expenses | 302,916 | 481,421 | 780,506 | 186,282 | -- |
| Current Accrued Expenses | 27,493 | 27,557 | 33,699 | 22,336 | -- |
| Current Liabilities | 320,939 | 481,421 | 780,506 | 186,282 | -- |
| Long Term Debt | -- | -- | -- | -- | 32,803 |
| Long Term Debt And Capital Lease Obligation | 56,835 | -- | -- | -- | 32,803 |
| Long Term Capital Lease Obligation | 56,835 | 0.00 | -- | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 56,835 | 0.00 | 0.00 | 0.00 | -- |
| Total Liabilities Net Minority Interest | 377,774 | 481,421 | 780,506 | 186,282 | -- |
| Common Stock | 12.9M | 10.6M | 10.1M | 8.2M | -- |
| Capital Stock | 12.9M | 10.6M | 10.1M | 8.2M | -- |
| Additional Paid In Capital | 1.8M | 1.5M | 1.3M | 692,378 | -- |
| Retained Earnings | -10.2M | -7.1M | -6.1M | -5.1M | -- |
| Gains Losses Not Affecting Retained Earnings | -15.00 | 0.00 | -- | -- | -- |
| Other Equity Adjustments | -15.00 | -- | -- | -- | -- |
| Common Stock Equity | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Stockholders Equity | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Total Equity Gross Minority Interest | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Total Capitalization | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Net Tangible Assets | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Tangible Book Value | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Working Capital | 589,598 | -200,561 | 735,760 | 587,260 | -- |
| Invested Capital | 5.6M | 5.8M | 6.3M | 5.1M | -- |
| Total Debt | 74,858 | 0.00 | -- | -- | 32,803 |
| Share Issued | 131.8M | 97.7M | 86.6M | 46.8M | -- |
| Ordinary Shares Number | 131.8M | 97.7M | 86.6M | 46.8M | -- |
| Buildings And Improvements | 95,421 | 0.00 | -- | -- | -- |
| Capital Lease Obligations | 74,858 | 0.00 | -- | -- | -- |
| Current Capital Lease Obligation | 18,023 | 0.00 | -- | -- | -- |
| Machinery Furniture Equipment | -- | 1,717 | 1,717 | 1,717 | 0.00 |
| Non Current Prepaid Assets | -- | -- | 0.00 | 144,500 | 260,000 |
| Other Equity Interest | 1.0M | 830,857 | 922,784 | 1.3M | -- |
| Other Properties | 5.0M | 6.0M | 5.5M | 4.4M | -- |
| Other Receivables | -- | 11,539 | 5,753 | -- | -- |
| Taxes Receivable | 46,794 | 16,816 | 513,669 | 353,668 | -- |
| Total Tax Payable | -- | -- | -- | -- | 212,285 |
| Treasury Shares Number | -- | -- | 0.00 | -- | -- |
| Line Item | FY 2025Jul 31, 2025 | FY 2024Jul 31, 2024 | FY 2023Jul 31, 2023 | FY 2022Jul 31, 2022 | FY 2021Jul 31, 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | -1.3M | -995,850 | -638,076 | -1.2M | -- |
| Cash Flow From Continuing Operating Activities | -1.3M | -995,850 | -638,076 | -1.2M | -- |
| Depreciation And Amortization | 17,496 | 1,047 | 2,374 | 2,330 | -- |
| Depreciation Amortization Depletion | 17,496 | 1,047 | 2,374 | 2,330 | -- |
| Stock Based Compensation | -- | 0.00 | 96,976 | 259,217 | 188,980 |
| Deferred Tax | -- | -- | 0.00 | -117,455 | -82,230 |
| Deferred Income Tax | -- | -- | 0.00 | -117,455 | -82,230 |
| Change In Working Capital | -87,674 | -25,593 | 206,345 | -127,498 | -- |
| Change In Receivables | -3,749 | 2,538 | 141,421 | -58,703 | -- |
| Change In Payables And Accrued Expense | -73,862 | -36,147 | 76,042 | -91,697 | -- |
| Other Non Cash Items | 5,946 | -- | -- | -202,516 | 1,410 |
| Capital Expenditure | -862,528 | -756,249 | -915,582 | -2.0M | -- |
| Purchase Of PPE | -862,528 | -756,249 | -915,582 | -2.0M | -- |
| Net PPE Purchase And Sale | -862,528 | -756,249 | -771,082 | -1.9M | -- |
| Sale Of Business | 0.00 | 16,200 | 0.00 | -- | -- |
| Purchase Of Investment | -- | -- | 0.00 | -15,000 | 0.00 |
| Net Investment Purchase And Sale | -- | -- | 0.00 | -15,000 | 0.00 |
| Investing Cash Flow | -862,528 | -251,520 | -589,728 | -1.5M | -- |
| Cash Flow From Continuing Investing Activities | -862,528 | -251,520 | -589,728 | -1.5M | -- |
| Issuance Of Debt | -- | -- | -- | 0.00 | 10,000 |
| Repayment Of Debt | -18,935 | 0.00 | 0.00 | -40,000 | -- |
| Net Issuance Payments Of Debt | -18,935 | 0.00 | 0.00 | -40,000 | -- |
| Issuance Of Capital Stock | 2.7M | 556,500 | 1.2M | 1.9M | -- |
| Net Common Stock Issuance | 2.7M | 556,500 | 1.2M | 1.9M | -- |
| Financing Cash Flow | 2.8M | 534,447 | 1.7M | 2.7M | -- |
| Cash Flow From Continuing Financing Activities | 2.8M | 534,447 | 1.7M | 2.7M | -- |
| Effect Of Exchange Rate Changes | -28.00 | 0.00 | -- | -- | -- |
| Changes In Cash | 622,803 | -712,923 | 516,852 | 57,586 | -- |
| Beginning Cash Position | 177,194 | 890,117 | 373,265 | 315,679 | -- |
| End Cash Position | 799,969 | 177,194 | 890,117 | 373,265 | -- |
| Free Cash Flow | -2.2M | -1.8M | -1.6M | -3.2M | -- |
| Asset Impairment Charge | 1.8M | 0.00 | 95,668 | 317,116 | -- |
| Change In Prepaid Assets | -10,063 | 8,016 | -11,118 | 22,902 | -- |
| Common Stock Issuance | 2.7M | 556,500 | 1.2M | 1.9M | -- |
| Depreciation | 17,496 | 1,047 | 2,374 | 2,330 | -- |
| Gain Loss On Sale Of PPE | -- | 0.00 | -102,711 | 0.00 | -- |
| Long Term Debt Issuance | -- | -- | -- | 0.00 | 10,000 |
| Long Term Debt Payments | -18,935 | 0.00 | 0.00 | -40,000 | -- |
| Net Business Purchase And Sale | 0.00 | 16,200 | 0.00 | -- | -- |
| Net Income From Continuing Operations | -3.1M | -978,504 | -1.0M | -1.3M | -- |
| Net Long Term Debt Issuance | -18,935 | 0.00 | 0.00 | -40,000 | -- |
| Net Other Financing Charges | -157,930 | -22,053 | 572,656 | 866,658 | -- |
| Net Other Investing Changes | -- | 488,529 | 181,354 | 419,026 | -- |
| Operating Gains Losses | -- | -- | -102,711 | 3,649 | -- |
| Proceeds From Stock Option Exercised | 290,000 | 0.00 | -- | -- | -- |
| Sale Of PPE | -- | 0.00 | 144,500 | 115,500 | -- |
| Unrealized Gain Loss On Investment Securities | 21,600 | 7,200 | 77,000 | 8,750 | -- |