Morocco Strategic Minerals Corporation
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 | Q3 2024Jul 31, 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 | 4,882 | 4,808 | 4,651 | 4,808 | 3,229 | -- |
| Gross Profit | -4,882 | -4,808 | -4,651 | -4,808 | -3,229 | -- |
| Selling General And Administration | 265,575 | 289,703 | 318,495 | 318,001 | 296,531 | -- |
| General And Administrative Expense | 177,152 | 184,636 | 184,851 | 203,492 | 197,679 | -- |
| Operating Expense | 265,575 | 289,703 | 318,495 | 318,001 | 297,579 | -- |
| Operating Income | -270,457 | -294,511 | -323,146 | -322,809 | -300,808 | -- |
| EBIT | -272,042 | -1.7M | -324,335 | -725,275 | -321,055 | -- |
| Interest Expense | 1,293 | 1,387 | 1,464 | 1,508 | 1,587 | -- |
| Interest Expense Non Operating | 1,293 | 1,387 | 1,464 | 1,508 | 1,587 | -- |
| Net Interest Income | -2,097 | -2,505 | -2,892 | -3,267 | -2,019 | -- |
| Other Income Expense | -781.00 | -1.4M | 239.00 | -400,707 | -19,815 | -- |
| Special Income Charges | -- | -1.4M | 0.00 | -400,712 | -- | 0.00 |
| Gain On Sale Of Security | -781.00 | -9,644 | 239.00 | 5.00 | -19,815 | -- |
| Pretax Income | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income From Continuing And Discontinued Operation | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Net Income From Continuing Operation Net Minority Interest | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Net Income Including Noncontrolling Interests | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Net Income Common Stockholders | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Net Income | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| EBITDA | -267,160 | -1.7M | -319,684 | -720,467 | -317,826 | -- |
| Normalized EBITDA | -266,379 | -290,821 | -319,923 | -319,760 | -298,011 | -- |
| Reconciled Depreciation | 4,882 | 4,808 | 4,651 | 4,808 | 3,229 | -- |
| Basic EPS | -0.00 | -- | 0.00 | -0.01 | -0.00 | -- |
| Diluted EPS | -0.00 | -- | 0.00 | -0.01 | -0.00 | -- |
| Basic Average Shares | 131.8M | -- | 126.1M | 111.8M | 100.6M | -- |
| Diluted Average Shares | 131.8M | -- | 126.1M | 111.8M | 100.6M | -- |
| Total Unusual Items | -781.00 | -1.4M | 239.00 | -400,707 | -19,815 | -- |
| Total Unusual Items Excluding Goodwill | -781.00 | -1.4M | 239.00 | -400,707 | -19,815 | -- |
| Tax Rate For Calcs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Normalized Income | -272,554 | -297,016 | -326,038 | -326,076 | -302,827 | -- |
| Diluted NI Availto Com Stockholders | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Gain On Sale Of Ppe | -- | -- | -- | -- | -- | 0.00 |
| Impairment Of Capital Assets | -- | 1.4M | 0.00 | 400,712 | -- | 0.00 |
| Net Income Continuous Operations | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Net Non Operating Interest Income Expense | -2,097 | -2,505 | -2,892 | -3,267 | -2,019 | -- |
| Other Gand A | 97,784 | 105,017 | 105,627 | 130,539 | 126,367 | -- |
| Other Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 1,048 | -- |
| Reconciled Cost Of Revenue | 4,882 | 4,808 | 4,651 | 4,808 | 3,229 | -- |
| Salaries And Wages | 79,368 | 79,619 | 79,224 | 72,953 | 71,312 | -- |
| Selling And Marketing Expense | 88,423 | 105,067 | 133,644 | 114,509 | 98,852 | -- |
| Total Expenses | 270,457 | 294,511 | 323,146 | 322,809 | 300,808 | -- |
| Total Operating Income As Reported | -270,457 | -1.7M | -323,146 | -723,521 | -300,808 | -- |
| Total Other Finance Cost | 804.00 | 1,118 | 1,428 | 1,759 | 432.00 | -- |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 | Q3 2024Jul 31, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 111,990 | 799,969 | 1.0M | 773,722 | 279,726 | -- |
| Cash Cash Equivalents And Short Term Investments | 170,790 | 838,969 | 1.1M | 814,522 | 320,526 | -- |
| Cash Financial | 111,990 | 799,969 | 1.0M | 773,722 | 279,726 | -- |
| Other Short Term Investments | 58,800 | 39,000 | 40,800 | 40,800 | 40,800 | -- |
| Receivables | 47,827 | 46,794 | 33,748 | 51,595 | 33,749 | -- |
| Prepaid Assets | 60,006 | 24,774 | 15,289 | 31,384 | 112,093 | -- |
| Current Assets | 278,623 | 910,537 | 1.1M | 897,501 | 466,368 | -- |
| Gross PPE | 5.2M | 5.1M | 6.0M | 5.9M | 6.3M | -- |
| Accumulated Depreciation | -22,263 | -17,455 | -12,647 | -7,996 | -3,188 | -- |
| Net PPE | 5.2M | 5.1M | 6.0M | 5.9M | 6.3M | -- |
| Total Non Current Assets | 5.2M | 5.1M | 6.0M | 5.9M | 6.3M | -- |
| Total Assets | 5.5M | 6.0M | 7.1M | 6.8M | 6.7M | -- |
| Current Debt And Capital Lease Obligation | 18,350 | 18,023 | 17,697 | 12,898 | 12,683 | -- |
| Accounts Payable | 39,384 | 275,423 | 15,605 | 284,390 | 284,155 | -- |
| Payables | 39,384 | 275,423 | 15,605 | 284,390 | 284,155 | -- |
| Payables And Accrued Expenses | 39,384 | 302,916 | 15,605 | 284,390 | 405,288 | -- |
| Current Accrued Expenses | -- | 27,493 | -- | -- | 121,133 | 27,557 |
| Other Current Liabilities | 25,152 | -- | 16,132 | 65,614 | -- | -- |
| Current Liabilities | 82,886 | 320,939 | 49,434 | 362,902 | 417,971 | -- |
| Long Term Debt And Capital Lease Obligation | 52,120 | 56,835 | 61,455 | 70,470 | 74,858 | -- |
| Long Term Capital Lease Obligation | 52,120 | 56,835 | 61,455 | 70,470 | 74,858 | -- |
| Total Non Current Liabilities Net Minority Interest | 52,120 | 56,835 | 61,455 | 70,470 | 74,858 | -- |
| Total Liabilities Net Minority Interest | 135,006 | 377,774 | 110,889 | 433,372 | 492,829 | -- |
| Common Stock | 12.9M | 12.9M | 12.6M | 11.9M | 11.2M | -- |
| Capital Stock | 12.9M | 12.9M | 12.6M | 11.9M | 11.2M | -- |
| Additional Paid In Capital | 2.1M | 1.8M | 1.6M | 1.6M | 1.6M | -- |
| Retained Earnings | -10.4M | -10.2M | -8.5M | -8.1M | -7.4M | -- |
| Gains Losses Not Affecting Retained Earnings | -1.00 | -15.00 | -- | -- | -- | 0.00 |
| Other Equity Adjustments | -1.00 | -15.00 | -- | -- | -- | -- |
| Common Stock Equity | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Stockholders Equity | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Total Equity Gross Minority Interest | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Total Capitalization | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Net Tangible Assets | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Tangible Book Value | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Working Capital | 195,737 | 589,598 | 1.1M | 534,599 | 48,397 | -- |
| Invested Capital | 5.3M | 5.6M | 7.0M | 6.4M | 6.2M | -- |
| Total Debt | 70,470 | 74,858 | 79,152 | 83,368 | 87,541 | -- |
| Share Issued | 131.8M | 131.8M | 128.9M | 118.9M | 107.1M | -- |
| Ordinary Shares Number | 131.8M | 131.8M | 128.9M | 118.9M | 107.1M | -- |
| Buildings And Improvements | 95,421 | 95,421 | 95,421 | 95,421 | 95,421 | -- |
| Capital Lease Obligations | 70,470 | 74,858 | 79,152 | 83,368 | 87,541 | -- |
| Current Capital Lease Obligation | 18,350 | 18,023 | 17,697 | 12,898 | 12,683 | -- |
| Machinery Furniture Equipment | -- | -- | -- | -- | -- | 1,717 |
| Other Equity Interest | 762,094 | 1.0M | 1.2M | 1.0M | 846,805 | -- |
| Other Properties | 5.1M | 5.0M | 5.9M | 5.8M | 6.2M | -- |
| Other Receivables | -- | -- | -- | -- | 4,605 | 11,539 |
| Taxes Receivable | 47,827 | 46,794 | 33,748 | 51,595 | 29,144 | -- |
| Line Item | Q4 2025Oct 31, 2025 | Q3 2025Jul 31, 2025 | Q2 2025Apr 30, 2025 | Q1 2025Jan 31, 2025 | Q4 2024Oct 31, 2024 | Q3 2024Jul 31, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -312,221 | -295,047 | -384,083 | -322,609 | -322,065 | -- |
| Cash Flow From Continuing Operating Activities | -312,221 | -295,047 | -384,083 | -322,609 | -322,065 | -- |
| Depreciation And Amortization | 4,882 | 4,808 | 4,651 | 4,808 | 3,229 | -- |
| Depreciation Amortization Depletion | 4,882 | 4,808 | 4,651 | 4,808 | 3,229 | -- |
| Stock Based Compensation | -- | -- | -- | -- | -- | 0.00 |
| Change In Working Capital | -25,261 | 3,618 | -64,399 | -2,854 | -24,039 | -- |
| Change In Receivables | -1,105 | -11,663 | 18,086 | -9,828 | -344.00 | -- |
| Change In Payables And Accrued Expense | 11,076 | 24,766 | -98,580 | 29,890 | -29,938 | -- |
| Change In Payable | -- | -- | -98,580 | -- | -- | -- |
| Other Non Cash Items | 1,293 | 1,387 | 1,464 | 1,508 | 1,587 | -- |
| Capital Expenditure | -370,655 | -203,869 | -280,839 | -64,033 | -313,787 | -- |
| Purchase Of PPE | -370,655 | -203,869 | -280,839 | -64,033 | -313,787 | -- |
| Net PPE Purchase And Sale | -370,655 | -203,869 | -280,839 | -64,033 | -313,787 | -- |
| Investing Cash Flow | -370,655 | -203,869 | -280,839 | -64,033 | -313,787 | -- |
| Cash Flow From Continuing Investing Activities | -370,655 | -203,869 | -280,839 | -64,033 | -313,787 | -- |
| Repayment Of Debt | -5,681 | -10,240 | -4,216 | -2,586 | -1,893 | -- |
| Net Issuance Payments Of Debt | -5,681 | -10,240 | -4,216 | -2,586 | -1,893 | -- |
| Issuance Of Capital Stock | 0.00 | 0.00 | 1.0M | 939,000 | 757,000 | -- |
| Net Common Stock Issuance | 0.00 | 0.00 | 1.0M | 939,000 | 757,000 | -- |
| Financing Cash Flow | -5,681 | 284,319 | 905,794 | 880,638 | 738,384 | -- |
| Cash Flow From Continuing Financing Activities | -5,681 | 284,319 | 905,794 | 880,638 | 738,384 | -- |
| Effect Of Exchange Rate Changes | 578.00 | -- | -- | -- | 0.00 | -- |
| Changes In Cash | -688,557 | -214,597 | 240,872 | 493,996 | 102,532 | -- |
| Beginning Cash Position | 799,969 | 1.0M | 773,722 | 279,726 | 177,194 | -- |
| End Cash Position | 111,990 | 799,969 | 1.0M | 773,722 | 279,726 | -- |
| Free Cash Flow | -682,876 | -498,916 | -664,922 | -386,642 | -635,852 | -- |
| Asset Impairment Charge | -- | 1.4M | 0.00 | -- | -- | 0.00 |
| Cash Dividends Paid | -- | -- | 0.00 | 0.00 | 0.00 | -- |
| Change In Account Payable | -- | -- | -98,580 | -- | -- | -- |
| Change In Prepaid Assets | -35,232 | -9,485 | 16,095 | -22,916 | 6,243 | -- |
| Common Stock Issuance | 0.00 | 0.00 | 1.0M | 939,000 | 757,000 | -- |
| Depreciation | 4,882 | 4,808 | 4,651 | 4,808 | 3,229 | -- |
| Gain Loss On Sale Of PPE | -- | -- | -- | -- | -- | 0.00 |
| Interest Paid Cff | -- | -- | -1,464 | -1,508 | -1,587 | -- |
| Long Term Debt Payments | -5,681 | -10,240 | -4,216 | -2,586 | -1,893 | -- |
| Net Income From Continuing Operations | -273,335 | -1.7M | -325,799 | -726,783 | -322,642 | -- |
| Net Long Term Debt Issuance | -5,681 | -10,240 | -4,216 | -2,586 | -1,893 | -- |
| Net Other Financing Charges | -- | 0.00 | -88,526 | -52,681 | -16,723 | 0.00 |
| Net Other Investing Changes | -- | -- | -- | -- | -- | 0.00 |
| Sale Of PPE | -- | -- | -- | -- | -- | 0.00 |
| Unrealized Gain Loss On Investment Securities | -19,800 | 1,800 | 0.00 | 0.00 | 19,800 | -- |