Forum Energy Metals Balance Sheet

Financials in millions CAD. Fiscal year is December - November.

Millions CAD. Fiscal year is Dec - Nov.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May '25 May 31, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021	Nov '20 Nov 30, 2020
Cash & Equivalents	0.58	0.5	1.42	1.88	4.65	1.31
Short-Term Investments	0.04	0.1	0.05	0.05	0.02	0.01
Cash & Short-Term Investments	0.62	0.6	1.47	1.93	4.67	1.32
Cash Growth	-93.00%	-59.12%	-23.79%	-58.66%	252.83%	850.55%
Other Receivables	0.47	0.25	0.04	0.24	0.1	0
Receivables	0.47	0.25	0.04	0.24	0.1	0
Prepaid Expenses	0.18	0.27	0.78	0.19	0.16	0.01
Total Current Assets	1.28	1.12	2.29	2.36	4.93	1.34
Property, Plant & Equipment	0.89	0.95	1.12	1	1.04	1.07
Other Long-Term Assets	0.24	0.24	0.04	-	-	-
Total Assets	2.41	2.31	3.45	3.36	5.97	2.41
Accounts Payable	2.19	0.9	0.18	0.44	0.24	0.19
Accrued Expenses	0.06	0.05	0.07	0.03	0	0.07
Short-Term Debt	-	-	-	-	-	0.05
Current Unearned Revenue	0.1	0.32	0.82	0.25	0.39	0.09
Other Current Liabilities	-	-	0.2	0.05	0	0.1
Total Current Liabilities	2.36	1.26	1.27	0.76	0.63	0.5
Long-Term Debt	-	-	-	-	-	0.04
Other Long-Term Liabilities	0.86	0.49	-	-	-	-
Total Liabilities	3.22	1.75	1.27	0.76	0.63	0.54
Common Stock	67.16	66.02	58.68	54.12	53.21	46.66
Additional Paid-In Capital	10.46	10.46	9.53	9.16	8.23	7.88
Retained Earnings	-78.43	-75.93	-66.04	-60.67	-56.1	-52.67
Shareholders' Equity	-0.81	0.55	2.18	2.6	5.34	1.87
Total Liabilities & Equity	2.41	2.31	3.45	3.36	5.97	2.41
Total Debt	-	-	-	-	-	0.09
Net Cash (Debt)	0.62	0.6	1.47	1.93	4.67	1.24
Net Cash Growth	-93.00%	-59.12%	-23.79%	-58.66%	277.79%	1980.41%
Net Cash Per Share	0.00	0.00	0.01	0.01	0.03	0.01
Filing Date Shares Outstanding	309.35	309.35	286.21	188.93	170.32	146.18
Total Common Shares Outstanding	309.35	294.56	224.41	172.27	166.36	125.09
Working Capital	-1.08	-0.14	1.02	1.6	4.29	0.84
Book Value Per Share	-0.00	0.00	0.01	0.02	0.03	0.01
Tangible Book Value	-0.81	0.55	2.18	2.6	5.34	1.87
Tangible Book Value Per Share	-0.00	0.00	0.01	0.02	0.03	0.01
Machinery	0.37	0.37	0.15	0.01	0.01	0.19

Updated May 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.