Mineral Road Discovery Balance Sheet

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

Millions CAD. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Cash & Equivalents	0.04	0.05	0.16	0.01	-	0.01
Trading Asset Securities	3.16	2.61	1.02	1.85	4.61	4.92
Cash & Short-Term Investments	3.2	2.66	1.18	1.86	4.61	4.93
Cash Growth	7.05%	126.25%	-36.94%	-59.59%	-6.40%	472.62%
Accounts Receivable	-	-	-	0.01	0.04	0.23
Other Receivables	0.09	0.04	0.03	0.11	0.22	0.04
Receivables	0.88	0.11	0.18	0.67	1.06	0.7
Prepaid Expenses	0.2	0.4	0.09	0.01	0.05	0.03
Restricted Cash	0.01	0.01	0.01	0.01	0.01	0.01
Total Current Assets	4.29	3.17	1.46	2.54	5.72	5.66
Property, Plant & Equipment	5.17	4.3	1.08	1.36	7.31	1.81
Long-Term Investments	-	-	-	0.42	6.92	10.31
Other Long-Term Assets	-	-	2.5	2.5	0.03	-
Total Assets	9.61	7.59	5.04	6.83	19.98	17.79
Accounts Payable	0.87	0.76	0.73	0.82	1.38	1.01
Accrued Expenses	0.85	0.74	0.33	0.19	-	5.12
Short-Term Debt	0.14	0.13	0.05	0.04	0.58	0.62
Current Income Taxes Payable	-	-	-	-	-	1.01
Current Unearned Revenue	0.09	0.16	-	-	-	0.18
Other Current Liabilities	0.01	-	-	-	-	0.45
Total Current Liabilities	1.95	1.78	1.11	1.05	1.96	8.39
Long-Term Debt	0.04	0.1	0.04	0.04	0.04	0.04
Total Liabilities	1.99	1.87	1.15	1.09	2	8.43
Common Stock	13.02	12.82	9.32	8.23	7.43	7.15
Retained Earnings	-5.95	-7.69	-6.09	-3.17	6.2	2.22
Comprehensive Income & Other	1.27	1.26	1.14	1.1	0.31	0.33
Total Common Equity	8.35	6.4	4.38	6.15	13.94	9.7
Minority Interest	-0.73	-0.69	-0.48	-0.42	4.04	-0.34
Shareholders' Equity	7.62	5.71	3.89	5.73	17.98	9.36
Total Liabilities & Equity	9.61	7.59	5.04	6.83	19.98	17.79
Total Debt	0.17	0.22	0.09	0.08	0.62	0.66
Net Cash (Debt)	3.03	2.44	1.09	1.78	3.99	4.27
Net Cash Growth	8.24%	123.79%	-38.99%	-55.28%	-6.48%	497.19%
Net Cash Per Share	0.10	0.10	0.10	0.45	1.40	1.25
Filing Date Shares Outstanding	37	32	22.87	4.66	3.5	3.13
Total Common Shares Outstanding	32	31.1	12.42	4.66	3.5	2.58
Working Capital	2.34	1.4	0.35	1.49	3.76	-2.73
Book Value Per Share	0.26	0.21	0.35	1.32	3.98	3.76
Tangible Book Value	8.35	6.4	4.38	6.15	13.94	9.7
Tangible Book Value Per Share	0.26	0.21	0.35	1.32	3.98	3.76
Machinery	-	-	0.02	0.02	0.03	0