Formation Metals Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Cash & Equivalents	5.34	1.31	0.71	0
Cash & Short-Term Investments	5.34	1.31	0.71	0
Cash Growth	308.73%	83.03%	35481.85%	-
Other Receivables	0.71	0.07	0.01	-
Receivables	0.71	0.07	0.01	-
Prepaid Expenses	1.34	0.51	-	-
Total Current Assets	7.38	1.88	0.72	0
Property, Plant & Equipment	6.24	0.95	0.53	-
Long-Term Investments	0.26	-	-	-
Total Assets	13.88	2.83	1.25	0
Accounts Payable	0.02	0.05	0.03	0.01
Accrued Expenses	0.21	0.07	0	-
Other Current Liabilities	0.06	0.02	0	0.11
Total Current Liabilities	0.28	0.14	0.03	0.12
Total Liabilities	0.28	0.14	0.03	0.12
Common Stock	20.36	4.72	1.48	0
Retained Earnings	-10.67	-3.39	-0.26	-0.12
Comprehensive Income & Other	3.91	1.36	-	-
Shareholders' Equity	13.6	2.69	1.22	-0.12
Total Liabilities & Equity	13.88	2.83	1.25	0
Net Cash (Debt)	5.34	1.31	0.71	0
Net Cash Growth	308.73%	83.03%	35481.85%	-
Net Cash Per Share	0.07	0.04	0.04	-
Filing Date Shares Outstanding	147.62	45.29	28.48	-
Total Common Shares Outstanding	97.8	45.29	28.48	-
Working Capital	7.1	1.74	0.69	-0.12
Book Value Per Share	0.14	0.06	0.04	-
Tangible Book Value	13.6	2.69	1.22	-0.12
Tangible Book Value Per Share	0.14	0.06	0.04	-