Western Magnesium Balance Sheet

Financials in millions USD. Fiscal year is November - October.

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period Ending	Jul '22 Jul 31, 2022	Oct '21 Oct 31, 2021	Oct '20 Oct 31, 2020	Oct '19 Oct 31, 2019	Oct '18 Oct 31, 2018	Oct '17 Oct 31, 2017
Cash & Equivalents	0.02	0.46	0.04	0.03	0.18	0.3
Cash & Short-Term Investments	0.02	0.46	0.04	0.03	0.18	0.3
Cash Growth	-95.57%	1068.43%	17.59%	-81.55%	-38.24%	458.07%
Other Receivables	0.09	0.15	0	0.02	0.01	0
Receivables	0.09	0.15	0	0.02	0.01	0
Prepaid Expenses	0.34	0.13	0.12	0.08	0.01	0.07
Other Current Assets	0.35	0.49	-	-	-	-
Total Current Assets	0.8	1.23	0.16	0.13	0.2	0.37
Property, Plant & Equipment	4.99	3.27	0.55	1.2	1.11	1.18
Other Long-Term Assets	0.01	0.01	0	0	0	0
Total Assets	5.8	4.51	0.71	1.34	1.31	1.55
Accounts Payable	3.43	1.99	1.17	0.62	0.01	0.01
Accrued Expenses	1.75	1.26	1.06	0.86	0.82	0.79
Short-Term Debt	1.94	0	0.16	0.1	-	-
Current Portion of Leases	0.26	0.19	0.14	-	-	-
Other Current Liabilities	0.06	7.45	0.02	-	-	-
Total Current Liabilities	7.44	10.89	2.55	1.58	0.84	0.8
Long-Term Debt	-	-	-	-	-	0.3
Long-Term Leases	0.2	0.39	0.24	-	-	-
Total Liabilities	7.64	11.28	2.79	1.58	0.84	1.1
Common Stock	41.81	29.84	21.32	17.07	13.98	13.34
Additional Paid-In Capital	23.19	15.19	4.18	-	-	-
Retained Earnings	-67.19	-52.13	-28.58	-20.95	-15.95	-15.33
Comprehensive Income & Other	0.35	0.33	1	3.64	2.44	2.44
Shareholders' Equity	-1.84	-6.77	-2.08	-0.24	0.47	0.45
Total Liabilities & Equity	5.8	4.51	0.71	1.34	1.31	1.55
Total Debt	2.4	0.58	0.54	0.1	-	0.3
Net Cash (Debt)	-2.38	-0.12	-0.5	-0.07	0.18	-0
Net Cash Per Share	-0.01	-0.00	-0.00	-0.00	0.00	-0.00
Filing Date Shares Outstanding	450.27	421.87	341.76	299.88	215.77	178.32
Total Common Shares Outstanding	449.27	392.94	323.42	278.94	200.83	178.32
Working Capital	-6.64	-9.66	-2.39	-1.45	-0.64	-0.43
Book Value Per Share	-0.00	-0.02	-0.01	-0.00	0.00	0.00
Tangible Book Value	-1.84	-6.77	-2.08	-0.24	0.47	0.45
Tangible Book Value Per Share	-0.00	-0.02	-0.01	-0.00	0.00	0.00
Machinery	4.52	2.51	0.1	0.08	0.01	0.08
Leasehold Improvements	0.29	0.14	0.01	0.01	-	-

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