Element 29 Resources Balance Sheet

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	9.65	1.19	1.23	1.08	7.83	6.22
Short-Term Investments	0.01	0.03	0.01	0.02	0.01	-
Cash & Short-Term Investments	9.65	1.22	1.23	1.1	7.84	6.22
Cash Growth	274.19%	-1.50%	11.90%	-85.94%	26.08%	1364.97%
Other Receivables	0.03	0.03	0.03	0.06	0.03	0.04
Receivables	0.03	0.03	0.03	0.06	0.03	0.04
Prepaid Expenses	0.29	0.09	0.21	0.14	0.05	0.04
Restricted Cash	-	-	-	0.03	0.03	-
Total Current Assets	9.97	1.33	1.48	1.33	7.95	6.3
Property, Plant & Equipment	13.69	11.96	14.45	13.21	9.86	6.14
Total Assets	23.67	13.3	15.93	14.54	17.8	12.5
Accounts Payable	0.12	0.4	0.13	0.4	0.74	0.18
Accrued Expenses	0.05	0.05	0	0.02	0.02	0.02
Current Portion of Long-Term Debt	-	-	-	0.04	0.04	0.04
Current Portion of Leases	0.03	0.01	0.03	-	-	-
Total Current Liabilities	0.2	0.46	0.16	0.46	0.79	0.24
Long-Term Leases	0.05	-	0.01	-	-	-
Total Liabilities	0.25	0.46	0.18	0.46	0.79	0.24
Common Stock	41.42	29.76	25.84	21.8	21.8	15.07
Retained Earnings	-22.35	-20.51	-13.36	-11.44	-6.2	-3.3
Comprehensive Income & Other	4.35	3.59	3.27	3.73	1.42	0.48
Shareholders' Equity	23.41	12.84	15.75	14.08	17.01	12.26
Total Liabilities & Equity	23.67	13.3	15.93	14.54	17.8	12.5
Total Debt	0.08	0.01	0.04	0.04	0.04	0.04
Net Cash (Debt)	9.57	1.2	1.19	1.06	7.8	6.18
Net Cash Growth	273.88%	0.98%	12.00%	-86.38%	26.25%	1355.55%
Net Cash Per Share	0.08	0.01	0.01	0.01	0.11	0.13
Filing Date Shares Outstanding	155.5	124.18	106.62	86.97	79.24	68.28
Total Common Shares Outstanding	155.5	121.41	106.25	79.24	79.24	66.79
Working Capital	9.77	0.88	1.31	0.87	7.16	6.06
Book Value Per Share	0.15	0.11	0.15	0.18	0.21	0.18
Tangible Book Value	23.41	12.84	15.75	14.08	17.01	12.26
Tangible Book Value Per Share	0.15	0.11	0.15	0.18	0.21	0.18
Machinery	-	0.08	0.07	0.11	0.08	0

Source: S&P Global Market Intelligence. Standard template. Financial Sources.