Talon 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 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Cash & Equivalents	32.24	5.39	6.99	14.99	21.05	15.36	Upgrade
Short-Term Investments	8.95	0.04	15.8	28.27	4.02	-	Upgrade
Cash & Short-Term Investments	41.2	5.44	22.78	43.25	25.07	15.36	Upgrade
Cash Growth	500.87%	-76.14%	-47.33%	72.55%	63.23%	111.20%	Upgrade
Other Receivables	0.02	0	0	0	0	0	Upgrade
Receivables	0.02	0	0	0	0	0	Upgrade
Prepaid Expenses	0.08	0.09	0.51	0.57	0.16	0.04	Upgrade
Other Current Assets	-	0.1	0.1	0.02	0.27	0.08	Upgrade
Total Current Assets	41.3	5.62	23.38	43.85	25.51	15.47	Upgrade
Property, Plant & Equipment	249.68	251.05	213.68	174.35	100.08	60.8	Upgrade
Other Long-Term Assets	1.55	1.82	-	-	-	-	Upgrade
Total Assets	292.53	258.49	237.07	218.19	125.58	76.27	Upgrade
Accounts Payable	4.39	2.48	4.39	4.17	1.72	0.99	Upgrade
Accrued Expenses	-	-	-	-	0.12	-	Upgrade
Current Portion of Long-Term Debt	0.02	0.02	-	-	-	-	Upgrade
Other Current Liabilities	6.85	0.02	0.03	0.03	0.57	0.38	Upgrade
Total Current Liabilities	12.2	2.53	4.42	4.2	2.41	1.37	Upgrade
Long-Term Debt	0.24	0.26	-	-	-	-	Upgrade
Other Long-Term Liabilities	1.65	1.61	1.37	1.18	1.16	1.75	Upgrade
Total Liabilities	14.09	4.39	5.79	5.38	3.57	3.13	Upgrade
Common Stock	324.79	292.43	292.37	270.24	193.34	152.85	Upgrade
Additional Paid-In Capital	49.77	48.62	43.3	39.74	30.31	18.33	Upgrade
Retained Earnings	-111.18	-109.17	-106.85	-104.5	-103.01	-97.46	Upgrade
Comprehensive Income & Other	15.06	22.21	2.45	7.34	1.37	-0.58	Upgrade
Shareholders' Equity	278.45	254.1	231.27	212.82	122.02	73.15	Upgrade
Total Liabilities & Equity	292.53	258.49	237.07	218.19	125.58	76.27	Upgrade
Total Debt	0.27	0.29	-	-	-	-	Upgrade
Net Cash (Debt)	40.93	5.15	22.78	43.25	25.07	15.36	Upgrade
Net Cash Growth	513.70%	-77.40%	-47.33%	72.55%	63.23%	111.20%	Upgrade
Net Cash Per Share	0.04	0.01	0.03	0.06	0.04	0.03	Upgrade
Filing Date Shares Outstanding	1,130	934.72	934.72	851.14	757.08	682.36	Upgrade
Total Common Shares Outstanding	1,125	934.72	934.06	850.84	702.46	605.72	Upgrade
Working Capital	29.11	3.1	18.97	39.65	23.1	14.1	Upgrade
Book Value Per Share	0.25	0.27	0.25	0.25	0.17	0.12	Upgrade
Tangible Book Value	278.45	254.1	231.27	212.82	122.02	73.15	Upgrade
Tangible Book Value Per Share	0.25	0.27	0.25	0.25	0.17	0.12	Upgrade

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