Max Resource Balance Sheet

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.94	2.05	4.04	6.31	15.6	0.79
Cash & Short-Term Investments	0.94	2.05	4.04	6.31	15.6	0.79
Cash Growth	-73.61%	-49.41%	-35.92%	-59.56%	1882.78%	-83.25%
Other Receivables	0.1	0.09	0.02	0.12	0.3	0.03
Receivables	0.1	0.09	0.02	0.12	0.3	0.03
Prepaid Expenses	0.68	0.21	0.66	0.13	0.09	0.18
Total Current Assets	1.72	2.34	4.72	6.56	15.99	1
Property, Plant & Equipment	16.41	16.08	15.14	12.19	9.58	2.23
Total Assets	18.13	18.42	19.86	18.75	25.57	3.23
Accounts Payable	1.25	0.93	2.11	0.93	1.41	0.39
Accrued Expenses	-	0.45	0.33	0.28	0.22	0.1
Short-Term Debt	-	-	-	0.03	-	-
Current Portion of Long-Term Debt	-	-	-	-	0.02	-
Current Portion of Leases	0.03	0.03	0.04	0.03	-	-
Other Current Liabilities	0.85	0.51	1.5	-	-	-
Total Current Liabilities	2.13	1.92	3.96	1.28	1.65	0.49
Long-Term Debt	-	-	-	-	0.27	-
Long-Term Leases	-	0.01	0.05	-	-	-
Total Liabilities	2.13	1.93	4.02	1.28	1.92	0.49
Common Stock	64.07	64.07	60.21	58.97	57.57	33.9
Retained Earnings	-56.32	-55.49	-54.43	-48.75	-41.18	-35.52
Comprehensive Income & Other	8.14	7.8	10.06	7.26	7.26	4.36
Total Common Equity	15.89	16.38	15.84	17.48	23.65	2.74
Minority Interest	0.12	0.12	-	-	-	-
Shareholders' Equity	16	16.5	15.84	17.48	23.65	2.74
Total Liabilities & Equity	18.13	18.42	19.86	18.75	25.57	3.23
Total Debt	0.03	0.04	0.09	0.07	0.29	-
Net Cash (Debt)	0.9	2.01	3.95	6.24	15.31	0.79
Net Cash Growth	-73.88%	-49.22%	-36.68%	-59.22%	1845.51%	-83.25%
Net Cash Per Share	-	0.04	0.09	0.15	0.43	0.03
Filing Date Shares Outstanding	-	55.51	44.97	43.97	40.47	33.08
Total Common Shares Outstanding	-	55.51	44.97	43.97	40.47	25.36
Working Capital	-0.4	0.43	0.76	5.29	14.34	0.51
Book Value Per Share	-	0.30	0.35	0.40	0.58	0.11
Tangible Book Value	15.89	16.38	15.84	17.48	23.65	2.74
Tangible Book Value Per Share	-	0.30	0.35	0.40	0.58	0.11
Machinery	0.54	0.99	0.96	0.54	0.48	0.2