Cornish Metals 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 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Cash & Equivalents	60.69	9.59	25.79	55.5	6.92	0.35
Short-Term Investments	1.19	2.87	2.67	2.72	1.57	1
Cash & Short-Term Investments	61.88	12.46	28.46	58.21	8.5	1.36
Cash Growth	117.46%	-56.20%	-51.12%	585.10%	525.76%	-26.72%
Other Receivables	2.02	0.54	1.11	0.66	0.11	0.02
Receivables	2.02	0.54	1.11	0.66	0.11	0.02
Prepaid Expenses	0.6	0.5	0.59	0.37	0.23	0.04
Other Current Assets	-	2.8	0.14	-	-	0.84
Total Current Assets	64.5	16.3	30.3	59.24	8.84	2.26
Property, Plant & Equipment	143.55	107.09	73.84	42.81	27.21	15.87
Other Intangible Assets	-	-	-	-	0	0.01
Other Long-Term Assets	0.11	0.06	0.09	0.05	0.04	0.04
Total Assets	208.17	123.46	104.22	102.11	36.09	18.18
Accounts Payable	6.36	1.35	3.02	1.8	0.43	0.79
Accrued Expenses	-	1.53	2.05	0.67	0.19	0.16
Short-Term Debt	-	13.46	-	-	-	-
Current Portion of Leases	-	-	-	0	0	0.02
Current Income Taxes Payable	-	-	-	0.02	-	-
Current Unearned Revenue	-	1.32	-	-	-	-
Other Current Liabilities	-	-	-	-	6.04	0
Total Current Liabilities	6.36	17.65	5.06	2.5	6.66	0.97
Long-Term Debt	-	-	-	-	-	5.99
Long-Term Leases	-	-	-	-	0	-
Other Long-Term Liabilities	9.53	9.87	9.06	9.15	8.72	2.89
Total Liabilities	15.9	27.52	14.13	11.65	15.38	9.85
Common Stock	229.57	128.39	128.39	128.38	56.85	40.74
Additional Paid-In Capital	2.01	2.01	2.01	2.01	2.01	2.01
Retained Earnings	-53.84	-43.46	-42.39	-39.68	-38.6	-35.69
Comprehensive Income & Other	14.53	8.99	2.08	-0.25	0.46	1.28
Shareholders' Equity	192.27	95.94	90.09	90.46	20.71	8.33
Total Liabilities & Equity	208.17	123.46	104.22	102.11	36.09	18.18
Total Debt	-	13.46	-	0	0	6.01
Net Cash (Debt)	61.88	-0.99	28.46	58.21	8.49	-4.66
Net Cash Growth	117.46%	-	-51.12%	585.48%	-	-
Net Cash Per Share	0.67	-0.02	0.53	1.28	0.32	-0.34
Filing Date Shares Outstanding	125.45	66.91	53.53	53.53	28.59	26.94
Total Common Shares Outstanding	125.35	53.53	53.53	53.5	28.59	14.99
Working Capital	58.14	-1.35	25.23	56.75	2.18	1.3
Book Value Per Share	1.53	1.79	1.68	1.69	0.72	0.56
Tangible Book Value	192.27	95.94	90.09	90.46	20.71	8.33
Tangible Book Value Per Share	1.53	1.79	1.68	1.69	0.72	0.56
Land	5.74	4.85	1.8	1.76	1.81	1.84
Machinery	26.92	25.41	19.75	1.38	0.37	0.4
Construction In Progress	7.97	1.96	3.58	6.95	4.5	4.46

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