VVC Exploration Balance Sheet

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

Millions CAD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Cash & Equivalents	0.08	0.01	3.26	0.05	3.63	3.02
Cash & Short-Term Investments	0.08	0.01	3.26	0.05	3.63	3.02
Cash Growth	-83.32%	-99.77%	6443.30%	-98.63%	20.37%	1659.87%
Accounts Receivable	-	-	0.03	-	0.01	-
Other Receivables	0.01	0.02	0.06	0.01	0.03	0.21
Receivables	0.01	0.02	0.09	0.01	0.03	0.21
Prepaid Expenses	0.01	0.01	0.01	0.01	0	0.04
Total Current Assets	0.1	0.03	3.35	0.07	3.66	3.26
Property, Plant & Equipment	1.54	1.66	1.68	1.74	0.26	-
Long-Term Investments	34.65	34.99	13.56	0.02	0.02	-
Total Assets	36.29	36.68	18.6	1.84	3.95	3.26
Accounts Payable	0.03	0.11	0.21	0.33	0.38	0.11
Short-Term Debt	2.84	2.23	2.13	2.06	-	-
Current Portion of Long-Term Debt	-	-	-	-	0.17	0.05
Other Current Liabilities	8.29	7.69	6.61	6.09	7.05	2.6
Total Current Liabilities	11.16	10.03	8.95	8.49	7.6	2.75
Long-Term Debt	-	-	-	-	-	0.13
Long-Term Deferred Tax Liabilities	0.99	0.99	-	-	-	-
Other Long-Term Liabilities	0.31	0.32	0.28	0.57	0.32	0.2
Total Liabilities	12.46	11.34	9.23	9.05	7.92	3.08
Common Stock	47.29	47.29	47.29	47.29	44.9	41.07
Additional Paid-In Capital	15.47	15.14	14.65	13.72	13.72	13.23
Retained Earnings	-69.16	-66.86	-64.1	-67.87	-62.35	-53.95
Comprehensive Income & Other	30.23	29.79	11.53	-0.35	-0.23	-0.17
Shareholders' Equity	23.83	25.35	9.37	-7.22	-3.96	0.19
Total Liabilities & Equity	36.29	36.68	18.6	1.84	3.95	3.26
Total Debt	2.84	2.23	2.13	2.06	0.17	0.17
Net Cash (Debt)	-2.76	-2.22	1.13	-2.01	3.46	2.84
Net Cash Growth	-	-	-	-	21.84%	-
Net Cash Per Share	-0.00	-0.00	0.00	-0.00	0.01	0.01
Filing Date Shares Outstanding	572.68	572.68	572.68	572.68	550.37	496.48
Total Common Shares Outstanding	572.68	572.68	572.68	572.68	545.34	495.93
Working Capital	-11.06	-10	-5.59	-8.41	-3.93	0.51
Book Value Per Share	0.04	0.04	0.02	-0.01	-0.01	0.00
Tangible Book Value	23.83	25.35	9.37	-7.22	-3.96	0.19
Tangible Book Value Per Share	0.04	0.04	0.02	-0.01	-0.01	0.00
Machinery	0.27	0.27	0.27	0.27	0.27	-

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