Northern Dynasty Minerals 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	44.85	16.14	18.2	14.17	22.29	42.46
Cash & Short-Term Investments	44.85	16.14	18.2	14.17	22.29	42.46
Cash Growth	105.39%	-11.31%	28.41%	-36.42%	-47.50%	202.46%
Other Receivables	-	-	0.02	-	-	-
Total Trade Receivables	-	-	0.02	-	-	-
Other Current Assets	0.65	1.91	2.91	2.66	1.87	1.48
Total Current Assets	45.5	18.05	21.13	16.84	24.16	43.94
Net Property, Plant & Equipment	80.82	118.13	121.85	127.53	134.34	135.65
Other Long-Term Assets	0.98	0.98	0.87	0.85	0.79	0.79
Total Assets	127.29	137.16	143.85	145.22	159.28	180.37
Accounts Payable	3.5	1.36	1.34	2.07	2.42	7.41
Accrued Expenses	2.61	1.09	1.06	1.83	2.05	6.56
Current Portion of Long-Term Debt	2.57	2.75	2.2	-	-	-
Other Current Liabilities	60.42	35.31	16.69	-	-	-
Total Current Liabilities	66.49	39.42	20.23	2.07	2.42	7.41
Other Long-Term Liabilities	0.41	0.55	0.34	0.46	1.37	0.66
Total Long-Term Liabilities	0.41	0.55	0.34	0.46	1.37	0.66
Total Liabilities	66.9	39.96	20.56	2.53	3.79	8.07
Common Stock	736.84	702.76	702.95	700.28	700.28	683.04
Additional Paid-in Capital	116.68	127.31	117.29	118.37	106.74	109.25
Retained Earnings	-793.12	-732.87	-696.96	-675.96	-651.52	-619.98
Shareholders' Equity	60.4	97.2	123.28	142.69	155.49	172.31
Total Liabilities & Equity	127.29	137.16	143.85	145.22	159.28	180.37
Total Debt	2.57	2.75	2.2	0	0	0
Net Cash (Debt)	42.28	13.39	16	14.17	22.29	42.46
Net Cash Growth	215.70%	-16.32%	12.91%	-36.42%	-47.50%	234.91%
Net Cash Per Share	0.08	0.03	0.03	0.03	0.04	0.09
Book Value	60.4	97.2	123.28	142.69	155.49	172.31
Book Value Per Share	0.11	0.18	0.23	0.27	0.30	0.36
Tangible Book Value	60.4	97.2	123.28	142.69	155.49	172.31
Tangible Book Value Per Share	0.11	0.18	0.23	0.27	0.30	0.36

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.