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	2018 - 2019
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	2018 - 2019
Cash & Equivalents	9.65	1.19	1.23	1.08	7.83	6.22	Upgrade
Short-Term Investments	0.01	0.03	0.01	0.02	0.01	-	Upgrade
Cash & Short-Term Investments	9.65	1.22	1.23	1.1	7.84	6.22	Upgrade
Cash Growth	274.19%	-1.50%	11.90%	-85.94%	26.08%	1364.97%	Upgrade
Other Receivables	0.03	0.03	0.03	0.06	0.03	0.04	Upgrade
Receivables	0.03	0.03	0.03	0.06	0.03	0.04	Upgrade
Prepaid Expenses	0.29	0.09	0.21	0.14	0.05	0.04	Upgrade
Restricted Cash	-	-	-	0.03	0.03	-	Upgrade
Total Current Assets	9.97	1.33	1.48	1.33	7.95	6.3	Upgrade
Property, Plant & Equipment	13.69	11.96	14.45	13.21	9.86	6.14	Upgrade
Total Assets	23.67	13.3	15.93	14.54	17.8	12.5	Upgrade
Accounts Payable	0.12	0.4	0.13	0.4	0.74	0.18	Upgrade
Accrued Expenses	0.05	0.05	0	0.02	0.02	0.02	Upgrade
Current Portion of Long-Term Debt	-	-	-	0.04	0.04	0.04	Upgrade
Current Portion of Leases	0.03	0.01	0.03	-	-	-	Upgrade
Total Current Liabilities	0.2	0.46	0.16	0.46	0.79	0.24	Upgrade
Long-Term Leases	0.05	-	0.01	-	-	-	Upgrade
Total Liabilities	0.25	0.46	0.18	0.46	0.79	0.24	Upgrade
Common Stock	41.42	29.76	25.84	21.8	21.8	15.07	Upgrade
Retained Earnings	-22.35	-20.51	-13.36	-11.44	-6.2	-3.3	Upgrade
Comprehensive Income & Other	4.35	3.59	3.27	3.73	1.42	0.48	Upgrade
Shareholders' Equity	23.41	12.84	15.75	14.08	17.01	12.26	Upgrade
Total Liabilities & Equity	23.67	13.3	15.93	14.54	17.8	12.5	Upgrade
Total Debt	0.08	0.01	0.04	0.04	0.04	0.04	Upgrade
Net Cash (Debt)	9.57	1.2	1.19	1.06	7.8	6.18	Upgrade
Net Cash Growth	273.88%	0.98%	12.00%	-86.38%	26.25%	1355.55%	Upgrade
Net Cash Per Share	0.08	0.01	0.01	0.01	0.11	0.13	Upgrade
Filing Date Shares Outstanding	155.5	124.18	106.62	86.97	79.24	68.28	Upgrade
Total Common Shares Outstanding	155.5	121.41	106.25	79.24	79.24	66.79	Upgrade
Working Capital	9.77	0.88	1.31	0.87	7.16	6.06	Upgrade
Book Value Per Share	0.15	0.11	0.15	0.18	0.21	0.18	Upgrade
Tangible Book Value	23.41	12.84	15.75	14.08	17.01	12.26	Upgrade
Tangible Book Value Per Share	0.15	0.11	0.15	0.18	0.21	0.18	Upgrade
Machinery	-	0.08	0.07	0.11	0.08	0	Upgrade

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