Nickel North Exploration Corp.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 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 | -- | -- | 0.00 | 5,500 |
| Gross Profit | -- | -- | 0.00 | -5,500 |
| Selling General And Administration | 240,434 | 363,652 | 400,336 | 156,068 |
| General And Administrative Expense | 240,434 | 363,652 | 400,336 | 156,068 |
| Other Operating Expenses | 60,216 | 83,162 | 421,664 | -2,186 |
| Operating Expense | 300,650 | 446,814 | 822,000 | 153,882 |
| Operating Income | -300,650 | -446,814 | -822,000 | -159,382 |
| EBIT | -288,650 | -431,328 | -769,492 | -93,341 |
| Interest Expense | 231,204 | 190,508 | 165,745 | 148,031 |
| Interest Expense Non Operating | 231,204 | 190,508 | 165,745 | 148,031 |
| Interest Income | 0.00 | 486.00 | 162.00 | 72.00 |
| Interest Income Non Operating | 0.00 | 486.00 | 162.00 | 72.00 |
| Net Interest Income | -231,204 | -190,022 | -165,583 | -147,959 |
| Other Income Expense | 12,000 | 15,000 | 52,346 | 65,969 |
| Other Non Operating Income Expenses | 12,000 | 15,000 | 30,000 | -- |
| Special Income Charges | -- | 0.00 | 22,346 | 65,969 |
| Pretax Income | -519,854 | -621,836 | -935,237 | -241,372 |
| Tax Provision | -11,152 | 0.00 | 0.00 | 0.00 |
| Tax Effect Of Unusual Items | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income From Continuing And Discontinued Operation | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Income From Continuing Operation Net Minority Interest | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Income Including Noncontrolling Interests | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Income Common Stockholders | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Income | -508,702 | -621,836 | -935,237 | -241,372 |
| EBITDA | -288,650 | -431,328 | -769,492 | -87,841 |
| Normalized EBITDA | -288,650 | -431,328 | -791,838 | -153,810 |
| Reconciled Depreciation | -- | -- | 0.00 | 5,500 |
| Basic EPS | -0.01 | -0.01 | -0.01 | -0.00 |
| Diluted EPS | -0.01 | -0.01 | -0.01 | -0.00 |
| Basic Average Shares | 100.4M | 100.4M | 90.7M | 76.7M |
| Diluted Average Shares | 100.4M | 100.4M | 90.7M | 76.7M |
| Total Unusual Items | -- | 0.00 | 22,346 | 65,969 |
| Total Unusual Items Excluding Goodwill | -- | 0.00 | 22,346 | 65,969 |
| Tax Rate For Calcs | 0.02 | 0.00 | 0.00 | 0.00 |
| Normalized Income | -508,702 | -621,836 | -957,583 | -307,341 |
| Diluted NI Availto Com Stockholders | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Income Continuous Operations | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Non Operating Interest Income Expense | -231,204 | -190,022 | -165,583 | -147,959 |
| Other Gand A | 240,434 | 320,481 | 378,343 | 156,068 |
| Other Special Charges | -- | -- | -22,346 | -65,969 |
| Reconciled Cost Of Revenue | -- | -- | 0.00 | 5,500 |
| Salaries And Wages | 0.00 | 43,171 | 21,993 | 0.00 |
| Total Expenses | 300,650 | 446,814 | 822,000 | 159,382 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Cash And Cash Equivalents | 15,053 | 26,582 | 35,308 | 10,116 |
| Cash Cash Equivalents And Short Term Investments | 15,053 | 26,582 | 35,308 | 10,116 |
| Cash Financial | -- | -- | -- | 10,116 |
| Receivables | 11,630 | 13,815 | 36,675 | 11,508 |
| Prepaid Assets | 3,727 | 5,826 | 42,007 | 4,246 |
| Current Assets | 30,410 | 46,223 | 142,740 | 54,620 |
| Gross PPE | -- | -- | 0.00 | 0.00 |
| Accumulated Depreciation | -- | -- | -- | -15,100 |
| Net PPE | -- | -- | 0.00 | 0.00 |
| Total Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 30,410 | 46,223 | 142,740 | 54,620 |
| Current Debt | 2.4M | 2.1M | 1.8M | 1.5M |
| Current Debt And Capital Lease Obligation | 2.4M | 2.1M | 1.8M | 1.5M |
| Accounts Payable | 336,440 | 164,872 | 8,449 | 213,093 |
| Payables | 336,440 | 164,872 | 24,643 | 213,155 |
| Payables And Accrued Expenses | 412,690 | 227,372 | 60,893 | 259,405 |
| Current Accrued Expenses | 76,250 | 62,500 | 36,250 | 46,250 |
| Current Liabilities | 2.8M | 2.3M | 1.9M | 1.8M |
| Long Term Debt | 28,916 | 60,000 | -- | -- |
| Long Term Debt And Capital Lease Obligation | 28,916 | 60,000 | -- | -- |
| Total Non Current Liabilities Net Minority Interest | 28,916 | 71,152 | 11,152 | 11,152 |
| Total Liabilities Net Minority Interest | 2.8M | 2.4M | 1.9M | 1.8M |
| Common Stock | 12.1M | 12.1M | 12.1M | 11.2M |
| Capital Stock | 12.1M | 12.1M | 12.1M | 11.2M |
| Additional Paid In Capital | 818,506 | 818,506 | 775,335 | 736,112 |
| Retained Earnings | -15.7M | -15.2M | -14.6M | -13.7M |
| Common Stock Equity | -2.8M | -2.3M | -1.7M | -1.7M |
| Stockholders Equity | -2.8M | -2.3M | -1.7M | -1.7M |
| Total Equity Gross Minority Interest | -2.8M | -2.3M | -1.7M | -1.7M |
| Total Capitalization | -2.8M | -2.2M | -1.7M | -1.7M |
| Net Tangible Assets | -2.8M | -2.3M | -1.7M | -1.7M |
| Tangible Book Value | -2.8M | -2.3M | -1.7M | -1.7M |
| Working Capital | -2.8M | -2.2M | -1.7M | -1.7M |
| Invested Capital | -382,280 | -192,301 | 70,695 | -215,937 |
| Total Debt | 2.4M | 2.1M | 1.8M | 1.5M |
| Net Debt | 2.4M | 2.1M | 1.8M | 1.5M |
| Share Issued | 100.4M | 100.4M | 100.4M | 79.8M |
| Ordinary Shares Number | 100.4M | 100.4M | 100.4M | 79.8M |
| Machinery Furniture Equipment | -- | -- | -- | 15,100 |
| Non Current Deferred Liabilities | 0.00 | 11,152 | 11,152 | 11,152 |
| Non Current Deferred Taxes Liabilities | 0.00 | 11,152 | 11,152 | 11,152 |
| Other Current Borrowings | 2.4M | 2.1M | 1.8M | 1.5M |
| Other Payable | -- | -- | 16,194 | 62.00 |
| Other Properties | -- | -- | -- | 10.8M |
| Restricted Cash | -- | 0.00 | 28,750 | 28,750 |
| Taxes Receivable | 11,630 | 13,815 | 36,675 | 11,508 |
| Line Item | FY 2024Dec 31, 2024 | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|---|
| Operating Cash Flow | -109,173 | -137,476 | -838,879 | -161,778 |
| Cash Flow From Continuing Operating Activities | -109,173 | -137,476 | -838,879 | -161,778 |
| Depreciation And Amortization | -- | -- | 0.00 | 5,500 |
| Depreciation Amortization Depletion | -- | -- | 0.00 | 5,500 |
| Stock Based Compensation | 0.00 | 43,171 | 21,993 | 0.00 |
| Deferred Tax | -11,152 | 0.00 | -- | 0.00 |
| Deferred Income Tax | -11,152 | 0.00 | -- | 0.00 |
| Change In Working Capital | 189,602 | 225,520 | -37,977 | 25,837 |
| Change In Receivables | 2,185 | 22,860 | -25,167 | -6,307 |
| Change In Payables And Accrued Expense | 185,318 | 166,479 | 24,951 | 30,674 |
| Change In Payable | 185,318 | 166,479 | 24,951 | 30,674 |
| Other Non Cash Items | 221,079 | 215,669 | 134,688 | 114,226 |
| Capital Expenditure | -- | -- | -- | -15,340 |
| Purchase Of PPE | -- | -- | 0.00 | 0.00 |
| Net PPE Purchase And Sale | -- | -- | 0.00 | 0.00 |
| Investing Cash Flow | 0.00 | 28,750 | 0.00 | 0.00 |
| Cash Flow From Continuing Investing Activities | 0.00 | 28,750 | 0.00 | 0.00 |
| Issuance Of Debt | 100,000 | 100,000 | 100,000 | 120,000 |
| Repayment Of Debt | -2,356 | 0.00 | -- | -- |
| Net Issuance Payments Of Debt | 97,644 | 100,000 | 100,000 | 120,000 |
| Issuance Of Capital Stock | -- | 0.00 | 764,071 | 0.00 |
| Net Common Stock Issuance | -- | 0.00 | 764,071 | 0.00 |
| Financing Cash Flow | 97,644 | 100,000 | 864,071 | 120,000 |
| Cash Flow From Continuing Financing Activities | 97,644 | 100,000 | 864,071 | 120,000 |
| Changes In Cash | -11,529 | -8,726 | 25,192 | -41,778 |
| Beginning Cash Position | 26,582 | 35,308 | 10,116 | 51,894 |
| End Cash Position | 15,053 | 26,582 | 35,308 | 10,116 |
| Free Cash Flow | -109,173 | -137,476 | -838,879 | -161,778 |
| Change In Prepaid Assets | 2,099 | 36,181 | -37,761 | 1,470 |
| Common Stock Issuance | -- | 0.00 | 764,071 | 0.00 |
| Depreciation | -- | -- | 0.00 | 5,500 |
| Long Term Debt Issuance | -- | 100,000 | 100,000 | 120,000 |
| Long Term Debt Payments | -2,356 | 0.00 | -- | -- |
| Net Foreign Currency Exchange Gain Loss | -- | 25,878 | 0.00 | -- |
| Net Income From Continuing Operations | -508,702 | -621,836 | -935,237 | -241,372 |
| Net Long Term Debt Issuance | -2,356 | 0.00 | 100,000 | 120,000 |
| Net Other Financing Charges | -- | -- | -- | 100,000 |
| Net Other Investing Changes | -- | 28,750 | -- | -- |
| Net Short Term Debt Issuance | 100,000 | 100,000 | -- | -- |
| Operating Gains Losses | -- | 25,878 | -22,346 | -65,969 |
| Short Term Debt Issuance | 100,000 | 100,000 | -- | -- |