Quebec Rare Earth Elements Corp. (CSE:QREE)

CSE:QREE Balance Sheet

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan 31, 2026	Apr 30, 2025	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021
Cash & Equivalents	0.3	0.62	0.07	0.21	0.87	1.83
Cash & Short-Term Investments	0.3	0.62	0.07	0.21	0.87	1.83
Cash Growth	-52.56%	772.59%	-66.19%	-75.61%	-52.72%	1508.08%
Other Receivables	0.01	0.01	0	0.03	0.16	0.11
Receivables	0.01	0.01	0	0.03	0.21	0.11
Prepaid Expenses	0.01	0	0	0.02	0.03	0.02
Other Current Assets	-	-	-	-	0.02	-
Total Current Assets	0.32	0.64	0.08	0.26	1.13	1.96
Property, Plant & Equipment	4.22	5.2	4.93	2.91	7.86	7.77
Other Long-Term Assets	-	-	-	-	-	0.73
Total Assets	4.54	5.84	5.01	3.16	8.99	10.46
Accounts Payable	0.04	0.05	0.15	0.12	0.1	0.35
Accrued Expenses	-	-	-	-	0.05	0.01
Short-Term Debt	0.01	0.01	0.01	0.01	0.04	0.04
Current Unearned Revenue	-	0.03	-	-	0.01	0.14
Other Current Liabilities	-	-	-	0.01	-0.04	-
Total Current Liabilities	0.05	0.09	0.16	0.14	0.16	0.54
Other Long-Term Liabilities	-	-	-	-	-	1.37
Total Liabilities	0.05	0.09	0.16	0.14	0.16	1.91
Common Stock	50.39	50.37	49.39	47.36	44.42	41.68
Retained Earnings	-49.53	-48.24	-47.56	-47.36	-38.61	-35.28
Comprehensive Income & Other	3.62	3.62	3.02	3.02	3.02	2.15
Shareholders' Equity	4.49	5.75	4.85	3.03	8.83	8.56
Total Liabilities & Equity	4.54	5.84	5.01	3.16	8.99	10.46
Total Debt	0.01	0.01	0.01	0.01	0.04	0.04
Net Cash (Debt)	0.28	0.61	0.06	0.2	0.83	1.8
Net Cash Growth	-53.69%	919.50%	-70.09%	-75.79%	-53.91%	-
Net Cash Per Share	0.01	0.01	0.00	0.01	0.06	0.31
Filing Date Shares Outstanding	50.45	50.33	50.23	40.64	14.64	12.73
Total Common Shares Outstanding	50.45	50.33	43.74	32.64	14.43	11.63
Working Capital	0.26	0.55	-0.08	0.12	0.97	1.42
Book Value Per Share	0.09	0.11	0.11	0.09	0.61	0.74
Tangible Book Value	4.49	5.75	4.85	3.03	8.83	8.56
Tangible Book Value Per Share	0.09	0.11	0.11	0.09	0.61	0.74
Machinery	-	-	-	-	-	1.02

Updated Jan 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.