49 North 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	0.1	0.06	0.06	0.05	0.33	0.05
Short-Term Investments	5.13	6.26	6.22	8.7	15.91	22.6
Cash & Short-Term Investments	5.22	6.31	6.29	8.75	16.24	22.65
Cash Growth	-8.83%	0.40%	-28.10%	-46.15%	-28.29%	223.71%
Accounts Receivable	0.05	0.05	0.05	0.03	0.04	0.03
Receivables	1.06	0.97	0.9	0.75	0.72	0.48
Prepaid Expenses	0.03	0.01	0	0	0.01	0
Total Current Assets	6.31	7.28	7.19	9.5	16.97	23.13
Property, Plant & Equipment	0.01	0.01	0.06	0.11	0.17	0.22
Other Long-Term Assets	11.1	10.61	9.58	9.52	9.33	8.45
Total Assets	17.42	17.91	16.83	19.13	26.46	31.79
Accounts Payable	2.07	1.99	1.56	1.27	0.99	0.94
Accrued Expenses	1.37	1.28	1.04	0.72	0.36	0.78
Current Portion of Long-Term Debt	5.44	5.44	5.44	5.44	5.44	5.45
Current Portion of Leases	-	-	0.07	0.07	0.07	0.07
Other Current Liabilities	-	-	-	0.04	0.06	-
Total Current Liabilities	8.89	8.71	8.11	7.54	6.93	7.24
Long-Term Debt	0.69	0.69	0.7	0.7	0.7	0.7
Long-Term Leases	-	-	-	0.05	0.1	0.15
Total Liabilities	9.58	9.4	8.8	8.29	7.73	8.08
Common Stock	71.93	71.93	71.91	71.91	71.9	70.88
Additional Paid-In Capital	8.22	8.22	8.22	8.22	7.92	7.32
Retained Earnings	-74.94	-74.27	-74.75	-71.93	-63.74	-57.15
Total Common Equity	5.21	5.87	5.38	8.2	16.08	21.06
Shareholders' Equity	7.84	8.5	8.03	10.84	18.73	23.71
Total Liabilities & Equity	17.42	17.91	16.83	19.13	26.46	31.79
Total Debt	6.13	6.13	6.2	6.26	6.32	6.37
Net Cash (Debt)	-0.91	0.18	0.09	2.48	9.92	16.28
Net Cash Growth	-	108.14%	-96.54%	-74.99%	-39.05%	1917.35%
Net Cash Per Share	-0.01	0.00	0.00	0.01	0.11	0.18
Filing Date Shares Outstanding	166.27	166.27	166.27	166.27	166.27	83.11
Total Common Shares Outstanding	166.3	166.3	166.27	166.27	166.24	83.09
Working Capital	-2.57	-1.43	-0.92	1.97	10.04	15.89
Book Value Per Share	0.03	0.04	0.03	0.05	0.10	0.25
Tangible Book Value	5.21	5.87	5.38	8.2	16.08	21.06
Tangible Book Value Per Share	0.03	0.04	0.03	0.05	0.10	0.25
Machinery	0.42	0.42	0.42	0.42	0.42	0.42

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