Talon Metals Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	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	2020 - 2016
Net Income	-5.05	-2.32	-2.35	-1.5	-5.55	Upgrade
Depreciation & Amortization	0.07	0.06	0.05	0.04	0.01	Upgrade
Stock-Based Compensation	0.23	1.51	0.26	1.32	3.87	Upgrade
Other Operating Activities	0.56	-0.85	0.27	-1.46	-0.54	Upgrade
Change in Accounts Receivable	-	-	-0	0	-0	Upgrade
Change in Accounts Payable	1.76	0.32	0.1	-0.12	0.13	Upgrade
Change in Other Net Operating Assets	-0.06	0	-0.08	0.25	-0.4	Upgrade
Operating Cash Flow	-2.5	-1.28	-1.75	-1.48	-2.47	Upgrade
Capital Expenditures	-29.35	-33.81	-40.47	-49.37	-23.3	Upgrade
Sale of Property, Plant & Equipment	-	10.58	-	-	-	Upgrade
Investment in Securities	-18.86	16.57	12.2	-23.33	-4.02	Upgrade
Other Investing Activities	5.22	5.77	0.2	-	-	Upgrade
Investing Cash Flow	-42.99	-0.89	-28.08	-72.69	-27.32	Upgrade
Long-Term Debt Issued	-	0.29	-	-	-	Upgrade
Total Debt Issued	-	0.29	-	-	-	Upgrade
Long-Term Debt Repaid	-0.02	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	-0.02	0.29	-	-	-	Upgrade
Issuance of Common Stock	57.22	-	21.84	68.04	35.5	Upgrade
Other Financing Activities	0.83	0.19	-	-	-	Upgrade
Financing Cash Flow	58.03	0.48	21.84	68.04	35.5	Upgrade
Foreign Exchange Rate Adjustments	-1.5	0.09	-0.02	0.07	-0.01	Upgrade
Net Cash Flow	11.04	-1.6	-8	-6.06	5.69	Upgrade
Free Cash Flow	-31.86	-35.09	-42.22	-50.85	-25.78	Upgrade
Free Cash Flow Per Share	-0.30	-0.38	-0.49	-0.66	-0.38	Upgrade
Levered Free Cash Flow	-25.85	-35.8	-41.49	-48.62	-22.5	Upgrade
Unlevered Free Cash Flow	-25.85	-35.8	-41.49	-48.59	-22.49	Upgrade
Change in Working Capital	1.7	0.32	0.02	0.13	-0.27	Upgrade

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