Nicola Mining 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	1.84	1.46	4.76	0.9	0.92	0.82
Short-Term Investments	3.57	1.08	-	-	-	-
Cash & Short-Term Investments	5.41	2.54	4.76	0.9	0.92	0.82
Cash Growth	127.72%	-46.63%	430.95%	-2.24%	11.11%	64.68%
Other Receivables	0.84	0.67	0.57	1.2	0.73	0.1
Receivables	0.84	0.67	0.57	1.2	0.73	0.1
Prepaid Expenses	0.29	0.22	0.12	0.01	0.09	0.05
Total Current Assets	6.54	3.43	5.45	2.11	1.75	0.98
Property, Plant & Equipment	5.78	5.79	5.5	15.25	9.41	9.16
Other Long-Term Assets	1.44	1.44	1.28	1.23	1.21	1.21
Total Assets	13.76	10.66	12.22	18.58	12.36	11.35
Accounts Payable	2.24	1.62	0.68	0.56	0.57	0.67
Short-Term Debt	0.01	-	-	0.01	-	-
Current Portion of Long-Term Debt	-	4.48	-	0.62	6.43	0.04
Current Portion of Leases	0.08	0.03	0.02	0.02	0.02	0.02
Current Unearned Revenue	0.69	0.1	-	0.03	-	0.1
Total Current Liabilities	3.02	6.23	0.7	1.24	7.02	0.83
Long-Term Debt	-	-	4.24	5.07	0.56	6.44
Long-Term Leases	0.15	0.03	-	0.02	0.04	0.06
Other Long-Term Liabilities	14.43	14.22	14.51	10.18	3.91	3.83
Total Liabilities	17.6	20.47	19.44	16.51	11.52	11.15
Common Stock	96.92	87.78	85.89	82.92	82.35	78.61
Additional Paid-In Capital	9.78	9.49	8.74	8.22	7.91	7.59
Retained Earnings	-114.73	-111.45	-106.22	-93.32	-93.27	-89.86
Comprehensive Income & Other	4.18	4.35	4.37	4.25	3.85	3.86
Shareholders' Equity	-3.85	-9.81	-7.22	2.08	0.84	0.2
Total Liabilities & Equity	13.76	10.66	12.22	18.58	12.36	11.35
Total Debt	0.24	4.54	4.25	5.74	7.04	6.55
Net Cash (Debt)	5.17	-2	0.5	-4.84	-6.12	-5.73
Net Cash Per Share	0.03	-0.01	0.00	-0.03	-0.04	-0.05
Filing Date Shares Outstanding	209.11	169.92	166.68	157.7	145.88	139.79
Total Common Shares Outstanding	207.29	169.92	161.18	149.04	145.68	131.66
Working Capital	3.52	-2.79	4.75	0.87	-5.27	0.15
Book Value Per Share	-0.02	-0.06	-0.04	0.01	0.01	0.00
Tangible Book Value	-3.85	-9.81	-7.22	2.08	0.84	0.2
Tangible Book Value Per Share	-0.02	-0.06	-0.04	0.01	0.01	0.00
Land	4.18	4.18	4.18	11.95	7.76	7.76
Machinery	2.94	2.89	2.44	4.2	2.15	2.07

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.