Formation Metals Balance Sheet

Financials in millions CAD. Fiscal year is April - March.

Millions CAD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023
Cash & Equivalents	9.8	1.31	0.71	0
Cash & Short-Term Investments	9.9	1.31	0.71	0
Cash Growth	763.80%	83.03%	35481.85%	-
Other Receivables	0.38	0.07	0.01	-
Receivables	0.38	0.07	0.01	-
Prepaid Expenses	2.41	0.51	-	-
Total Current Assets	12.7	1.88	0.72	0
Property, Plant & Equipment	2.27	0.95	0.53	-
Total Assets	15.08	2.83	1.25	0
Accounts Payable	0.12	0.05	0.03	0.01
Accrued Expenses	-	0.07	0	-
Other Current Liabilities	-	0.02	0	0.11
Total Current Liabilities	0.32	0.14	0.03	0.12
Total Liabilities	0.32	0.14	0.03	0.12
Common Stock	19.71	4.72	1.48	0
Retained Earnings	-7.54	-3.39	-0.26	-0.12
Comprehensive Income & Other	2.58	1.36	-	-
Shareholders' Equity	14.75	2.69	1.22	-0.12
Total Liabilities & Equity	15.08	2.83	1.25	0
Net Cash (Debt)	9.9	1.31	0.71	0
Net Cash Growth	763.80%	83.03%	35481.85%	-
Net Cash Per Share	0.20	0.04	0.04	-
Filing Date Shares Outstanding	94	45.29	28.48	-
Total Common Shares Outstanding	94	45.29	28.48	-
Working Capital	12.37	1.74	0.69	-0.12
Book Value Per Share	0.16	0.06	0.04	-
Tangible Book Value	14.75	2.69	1.22	-0.12
Tangible Book Value Per Share	0.16	0.06	0.04	-

Source: S&P Capital IQ. Standard template. Financial Sources.